Best Credit Cards after Bankruptcy

I have had a bankruptcy in the past, what are the best credit cards to obtain now?

There are different causes for bankruptcy. Credit card debt becoming unmanageable is a popular one and there are others such as a critical medical event or layoff from job that crashes your budget. The whole thing results in a common thread where there is scarce money to pay all your bills. Post bankruptcy life invariably implies living on a leaner budget scaling down your expenses. Bankruptcy leaves a stain on the consumer’s credit giving them less chances of picking a credit card. Credit card options also become limited. However, the degree of negative impact mainly depends on the credit card score that reflected prior to bankruptcy.
However, if you are bankrupt does not imply that you are barred from using a credit card. The best way to win back the trust of the lenders is to show them that you’re actively reconstructing your credit rating through regular spending and repayment. The 2008 credit crunch has opened avenues in such cases and many credit card companies have started rolling out cards designed exclusively for consumers who have experienced bankruptcy. Featuring limits that increases over time and additional monitoring services, these cards are designed to bring your deviated credit score right on track.
Here are some credit card options that you can qualify for post bankruptcy:
Orchard Bank Classic MasterCard: This one is a radical spending tool that will allow you to choose your repayment date assisting you to spend frequently and smartly. You will receive reminder messages and e-mails once you register with the card before the date of your payment approaches. It will provide you with a help line 24*7, emergency card replacement facility and zero liability protection from fraudulence while you reconstruct your score.
Account Now Prepaid Visa Card: This is one of those extraordinary prepaid debit cards that will report your spending and credit history to a credit monitoring authority. This card will allow you to carry as much as $5,000 a day without any charge and you will be able to even write online checks with it free of cost. It is a good option for the customers who are apprehensive of falling back to debt as it carries no balance.
The CreditOne Platinum Visa– You can have this Platinum card putting up with your uptight society and still continue building up your credit score. This is specially meant for the people conscious of their platinum status to maintain their impression. This card will report all your monthly purchases to major credit monitoring authorities and will also purchase travel accident insurance for you. Your spending limits will also increase while you use this card overtime slowly securing back your high standard of living.
There are many more credit cards doing their rounds in the market that are willing to help you reconstruct your credit score. However, not all of them provide equal provisions. There are differences in fees, grace periods, interest rates and reporting policies. Do a thorough analysis and research based on your needs before purchasing one for yourself.

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