{"id":779629,"date":"2019-05-21T00:52:36","date_gmt":"2019-05-21T04:52:36","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=779629"},"modified":"2026-03-09T18:34:03","modified_gmt":"2026-03-09T22:34:03","slug":"bankruptcy-credit-cards","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/credit-cards\/bankruptcy-credit-cards","title":{"rendered":"Getting a credit card after bankruptcy discharge in Canada"},"content":{"rendered":"

To qualify for credit cards after bankruptcy, you need to patiently rebuild your credit score and overall financial health. Let\u2019s walk through your options for getting a credit card after bankruptcy in Canada.<\/p>

Are there credit cards that accept bankruptcies in Canada?<\/h3>

If you\u2019re actively in the bankruptcy process, you must give up your credit cards. So, there are no credit cards that accept (current) bankruptcies in Canada.<\/p>

Avoid applying for credit cards or using existing cards immediately before filing for bankruptcy, as this could be seen as intending to defraud creditors and your credit card debt might not be discharged.<\/p>

How long after bankruptcy can I get a credit card?<\/h4>

Once you\u2019re out of bankruptcy\u2014a process that usually lasts between 9 and 36 months\u2014you likely won\u2019t qualify for a regular credit card for years. Your first bankruptcy stays on your credit report<\/a> for 6 or 7 years (14 years for subsequent bankruptcies), so card issuers will see you as a high-risk applicant and your credit score will be severely hurt.<\/p>

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It\u2019s possible to get a credit card after bankruptcy in Canada if you apply for a secured credit card or prepaid card, which are easy to qualify for.<\/p>\n<\/div>\n

Secured credit cards after bankruptcy: Rebuild your credit<\/h3>

Secured credit cards<\/a> require an upfront deposit, which becomes your spending limit and collateral if you miss a payment.<\/p>

Importantly, secured credit cards appear on your credit report. Making payments on time and in full will improve your credit score and help you qualify for an unsecured card down the road.<\/p>

The best secured credit cards after bankruptcy come with easy online applications and user-friendly apps for monitoring your transactions and credit performance.<\/p>

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\n Welcome Offer\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Rewards\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Purchase Interest Rate\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Annual Fee\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th>\n Min. Credit Score\n <\/use><\/svg><\/use><\/svg><\/use><\/svg><\/th><\/tr><\/thead>
\n N\/A<\/span><\/div><\/td>
\n Average of 5% cash back <\/span><\/div><\/td>
\n 19.99%-29.99%\n <\/div><\/td>
\n $95.88\n <\/div><\/td>
No credit check<\/b><\/div><\/td>
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