Any suggestions for credit cards for bankrupts?

Lou67

I would like some advice please.:)

It is 2 years from my bankruptcy (almost) and I have been offered 3 credit cards (in principal) One Vanquis, one capital one and I can't remember the other! (Sorry...) Well the interest rate is phenomenal of course (50%) but I guess if you pay it when the statement comes; it's OK.

However, for a start, I wonder if someone could advise me which one is best; either Capitol one or Vanquis or any other??? And also, what if I apply, and it's turned down (like what happened when Studio Christmas catalogue offered me an account (or so I thought) and then they retracted it!) Would it show as a kind of blip on my credit file; ie; will it show that I am applying for credit and being turned down?

I don't want to 'get into debt again BTW' I just want to rebuild my credit history.

Thank you.

CLAPTON

your credit file shows the crdit application and not the result.

Lou67

Cheers Clapton. Do you have any suggestions for the best ones; or at least, the ones that are most likely to say yes.

InsideInsurance

Capital One at least offers an upgrade route in brand to normal and upper accounts if you play your cards right

BugsyBrowne

Lou67 wrote: »

Cheers Clapton. Do you have any suggestions for the best ones; or at least, the ones that are most likely to say yes.

Have you tried the sygma(creation) credit cards theirs loads on their you could try.

MrSilk

Capital One Secured Card may be your last resort?, but you'll have to cough up £200 deposit at worst.

samtoby

If I had the choice I would go with Capital one because of the option of moving across. The secured card can only be offered after you have applied its almost like sying - 'we will give you a go but you have to pay for it'. I would imagine its the main one they have offered and not secure?

Aqua have a cash back card I guess that is attractive but it doesn't work out that much.

Depends if you will run a balance or pay it off every month. :j