It's possible to get a credit card apply without income proof, but alternative sources of income or a substantial bank balance are necessary. Alternatively, secured credit cards can be obtained by pledging fixed deposits or mutual funds.
As for credit cards, it's possible to get approved without income verification, but it can be challenging. Secured credit cards might be an option worth considering. With a secured card, you'll need to provide a security deposit, which serves as collateral in case you default on the payments.
OpenSky® Secured Visa® Credit Card
The OpenSky® Secured Visa® Credit Card is a top choice for those who want to build or rebuild their credit without the need for income proof or a credit check.
The Discover it® Secured Credit Card is our top pick for easiest credit card to get approved for due to its $0 annual fee, robust rewards and the ability to upgrade to a traditional card.
ICICI Instant Platinum Card
If you have a savings account with ICICI bank then getting approval for this credit card against a fixed deposit becomes very easy. The annual fee for this credit card is nil.
Check your credit score.
To qualify for the Chase Sapphire Preferred and Chase Sapphire Reserve, you'll likely need very good (740 or higher) to excellent credit (800 or higher). However, you'll likely have the best odds of approval for any Chase card if your credit score is in the very good to excellent range.
As a result of CARD, you may be required to show proof of a steady income. No matter your age, you'll normally need to include various types of financial information on your credit card application. Issuers can use this information to consider your ability to make monthly payments.
A. Yes, people without any job can also apply for OneCard. In such a case, you can apply for a secured OneCard that is offered in collaboration with SBM Bank. A secured credit card is offered against a fixed deposit, and its credit limit is a little bit lesser than the fixed deposit amount.
Social Security Statement – Millions of citizens live on their social security benefits and showing your bank statements could act as proof of income. Proof of Income Letter – Depending on what type of work you do, you may not have a pay stub or conventional proof of income to show.
In addition, we must receive either (1) copies of their three most recent complete bank statements reflecting consistent, consecutive deposit amounts, or (2) copies of their three most recent concurrent cashed handwritten paychecks.
1. Capital One Quicksilver Secured Cash Rewards. The Capital One Capital One Quicksilver Secured Cash Rewards Credit Card is our favorite secured credit card. It requires a refundable deposit of $200, but offers a great cash back rate on everything you purchase.
Discover uses multiple resources to confirm income and employment status: To verify income: Documents like recent pay stubs or bank statements can serve as income verification. In certain situations, we may use third-party vendors to confirm that information.
The answer is yes: in some cases, you can get a credit card with no income. However, doing this usually requires that the applicant is at least 18 years old and has an adult cosigner. It's important to note, though, that “income” can mean more than money earned through a job.
Credit cards not requiring proof of income often include secured cards, prepaid cards, and add-on cards. These options typically rely on collateral or an existing primary cardholder's creditworthiness.
You can still get approved for a credit card without a credit history. In fact, there are credit cards designed for people with no credit, such as secured cards and student cards. You'll want to pay attention to features like fees and interest rates when shopping for your first credit card.
In summary. If you're applying for a new credit card, there's a good chance you'll be asked for your income. This is mainly used to set a credit limit and assure lenders that you'll be able to afford to pay your balance.
Our professional fact-checkers verify article information against primary sources, reputable publishers, and experts in the field. We recommend the Chase Freedom Rise® as one of the easiest Chase cards to get approved for, thanks to its more lenient credit requirements.
There's no specific annual income required to qualify for a credit card, especially because credit card companies look at many factors to help determine whether or not you qualify.
A credit score of about 700+ will likely qualify you for just about any credit card, including those with cash back rewards, lower annual percentage rates (APRs) and more. However, there are plenty of cards you can get with a score lower than this (more on that later).
The Bank of America® Customized Cash Rewards Secured Credit Card is the easiest Bank of America credit card to get because you can get approved with bad credit. This means the odds of approval are good even with a credit score below 640.
The 5/24 rule, often referred to as the Chase 5/24 rule, is an unofficial Chase guideline that states you will not be approved for a new Chase card if you have opened five or more credit card accounts from any bank within the past 24 months.