Low Income Credit Card
Credit Cards for low income earners do not require a high salary to apply, and are available to applicants who are unemployed, students, part time workers, receive Centrelink payments, Government benefits or those on a retirement income.
The majority of the credit card providers request a minimum income level as part of the application process, this is designed to ensure that you have the means to repay any credit that is outstanding on your card, at the close of each month. The lowest income level required tends to be around $15,000 per year (about $300 per week) for a standard credit card, increasing to the $30,000 to $40,000 range for credit cards with more features, and possibly the inclusion of a rewards program. The minimum income required for each of the Low Income credit cards below is clearly shown in the 4th column, and it is shown as a gross (before tax) annual salary.