Bankruptcy is a life altering event. The sheer magnitude of being unable to pay for one's bills and having to face the humbling event of admitting it in a court of law can assault you and make you think that you are doomed to bad finances and no prestige for the rest of your life. You might be wondering if you will ever even get a prestige card again. But that does not have to be the case. If you pay attentiveness you will find that you will be able to get prestige cards after bankruptcy.
After bankruptcy, the best "prime" prestige cards will be unavailable at first. Since you have proven that you are not a stellar prestige risk, you will not get those prestige cards that are reserved for population with good credit. With this in mind, you will need to look for "subprime" prestige cards. These prestige cards have higher interest rates and lower prestige limits and are issued not by the major banks but by the lesser prestige card issuers. One of these is Orchard Bank and someone else is First Premier Bank.
Bank Orchard
Most likely you will end up getting a "guaranteed prestige card". These secured cards are marketed this way because they are guaranteed, as long as you contribute a deposit. With a secured prestige card, your deposit in the bank is the prestige limit on the card. So if you deposit 0, the prestige limit is 0. This security deposit acts as a hedge for the bank against you defaulting on the card.
If you get one of these cards and pay on time, you will start back on the road to financial saving and prestige repair.
Get a Guaranteed prestige Card After Bankruptcy
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