After bankruptcy, you may not have access to the same line of credit you had prior. Not only do you lose credit cards, but your credit score sees a significant drop. You may not qualify for an unsecured credit card or cards with a fair interest rate. However, this does not mean you cannot go on vacation or travel.
According to Experian, credit cards may help you stretch your spending power, but you do not have to use them to travel.
Create a budget for travel
Before any trip, create a budget. Do not travel beyond your means. If you save up money for the trip, you always have money to back up your spending. While having credit cards can help you navigate foreign currency and may give you a sense of security when it comes to spending money, you should still be able to back up the money you spend on a credit card. If you have a high-interest card after bankruptcy, you do not want the money to sit on your card for long.
Use only secured credit cards
Credit cards do have more protections attached. For example, you may have a better exchange rate, travel points or purchase protections when using credit cards for travel. You do not have to use unsecured cards, however. A secured credit card allows you to put a deposit down. Your deposit also serves as the amount of money you can borrow from. Secured cards allow you to consider building your credit without the risk of an unsecured credit card.
In most cases, you can use secured credit cards as stepping stones before you receive an unsecured card.