Applying for a credit card after bankruptcy

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  • Butts
    Butts Posts: 1,289 Forumite
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    I am a year discharged and have just been accepted for a Capital One Card with a suprising 1.5K limit and an APR of under 30% - not bad for sub-prime.

    This was the first time I have made an application post bankruptcy.

    I thought the limit would be a "monkey" if I was lucky !!
  • mwarby
    mwarby Posts: 2,048 Forumite
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    Ideally the interest rate wouldn't matter, as you wouldn't carry a balance. I'd be careful using the card so as not to fall back into bad habits (you might not have had any, looking back I sure did)

    For me aqua vanquish and capital one were easy enough, a mainstream card (say barclaycard) only moved from 0% chance to 90% (in one go) when IVA fell off credit report
  • SarahDoe
    SarahDoe Posts: 39 Forumite
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    Got vanquis on the day of discharge (i could not wait, yeah!), 1k limit, 29.9% apr. Two months later out of curiosity tried, and got, capital one with 1250 limit and same 29.9% apr.

    Perhaps i was accepted due to relatively high income.
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