What is the best credit card for rebuilding credit after a bankruptcy?
The options will depend upon the specific circumstances of your bankruptcy and other credit history, but in general, there are two ways to get a credit card. You can go with a secured card where you place a deposit in a savings account and that amount becomes your credit line. Another option is to choose a credit card that’s marketed to those with bad or limited credit. But these cards come with high interest rates and other fees. Of the two choices, you’re better off using a secured card. The last thing you need while rebuilding your credit is to pay off debt at a high interest rate. But it is essential that you choose a secured card that reports to the credit bureaus. Otherwise, your timely payments will not go towards rebuilding your credit. One card to consider is Public Savings Bank Secured Card. It has a 0% introductory APR on purchases for the first 6 months. Thereafter, it boasts a regular 11.24% APR, which is fairly low for a secured card. And most importantly, it reports to a
