Do I make enough money to get a credit card?

Piggy BankFind out and compare options with low minimum income requirements.

When you apply for a credit card, your income is an important eligibility requirement that the issuer will use to assess your ability to repay. Minimum income requirements generally start at $15,000 p.a. gross (before tax), so there are some low-income options to compare. Use this guide to compare credit cards you're eligible to apply for.

What are minimum income requirements?

Minimum income requirements are the lowest amount of money you need to earn before tax per year to apply for a credit card.

Credit card income requirements help issuers reduce the risk of lending and allow them to offer you products that are appropriate for your financial circumstances. In turn, you can use these requirements to help you choose and apply for credit cards that suit your individual needs.

Compare credit cards with a low minimum income requirement

Rates last updated June 24th, 2017
Minimum Income Min credit limit Purchase rate (p.a.) Annual fee
ANZ Low Rate
Receive up to 55 days interest-free on purchases, up to 3 additional cardholders at no cost and Mastercard PayPass.
$15,000 $1,000 12.49% p.a. $58 p.a. Go to site More info
HSBC Low Rate Credit Card
Receive up to 55 days interest-free on purchases. Also enjoy exclusive offers with the home&Away Privilege Program.
$20,000 $1,000 13.25% p.a. $55 p.a. Go to site More info
ANZ First Visa Credit Card
Get up to 44 interest-free days on purchases and take advantage of a low minimum credit limit.
$15,000 $1,000 19.74% p.a. $30 p.a. Go to site More info
Westpac Low Rate Card
Receive up to 55 days interest-free on purchases if you pay your balance in full. Plus, the convenience of the Westpac mobile banking app.
$15,000 $1,000 0% p.a. for 6 months (reverts to 13.49% p.a.) $59 p.a. Go to site More info
Woolworths Everyday Platinum Credit Card
Receive a $100 eGift Card when you apply by 30 June 2017 and make an eligible purchase by 31 July 2017.
$20,000 $6,000 19.99% p.a. $0 p.a. annual fee for the first year ($49 p.a. thereafter) Go to site More info

How can I find out what the requirement is?

These details are listed in the ‘Application requirements’ section for individual cards.


Some issuers also include this information on their websites or product pages so you can double-check before you apply for a particular credit card.

Other lenders prefer not to outline minimum income requirements, so you won’t see this information for every credit card you look at.

If you can’t find minimum income requirements for a particular card, you can try calling the issuer to ask about your eligibility.

Why are some income requirements so much higher than others?

The relationship between income and credit cards can influence a wide range of credit card features, from the credit limit and interest rate of the card right through to complimentary extras or rewards programs. In general, cards with high minimum incomes will have a lot more features than low income credit cards, but there are still many different credit cards you can choose from if you make a relatively low income.

Comparison: High vs low minimum income requirement

The following table shows the differences between a card with a high minimum income requirement and one with a low minimum income requirement. In general, high income credit cards offer more “other features”, while low income credit cards are good for basic money management.

Credit cardMinimum incomeMinimum credit limitPurchase rateOther features
Citi Prestige$150,000$30,00020.99% p.a.
  • Rewards program with high, uncapped earn rates
  • Complimentary insurances
  • Concierge service
  • Complimentary hotel stay
  • Flight upgrades
Virgin No Annual Fee$25,000$6,00018.99% p.a.
  • No annual fee
  • Free additional cardholders

The examples in this table also show that high minimum income credit cards also tend to have higher minimum credit limits and higher purchase rates. These features, as well as the complimentary extras, are designed to benefit people who earn and can spend more money. In comparison, credit cards with lower minimum income requirements tend to have lower minimum credit limits and fewer features, which can make it easier to avoid overspending.

Other factors that affect your credit card application

Credit card issuers weigh up a range of other factors before approving or denying your request for credit, including:

  • Age. You must be at least 18 years of age to apply for a credit card.
  • Credit rating. Your credit history or credit rating outlines details of your current and previous loans, cards and other credit accounts (such as utilities). Generally you need to have at least a ‘good’ credit rating to apply for a credit card.
  • Residency status. While credit card issuers generally prefer people who are citizens or permanent residents of Australia, there are some credit cards available for people with temporary residency status. These cards may have higher minimum income requirements to help meet lending standards.
  • Employment status. While credit card issuers typically prefer people to have full-time employment, you could still be eligible for some cards if you work part-time or casually, are self-employed, are a student or if you have a pension.
  • Income vs expenses. When you apply for a credit card, you will have to provide information about your current income, spending habits and any existing debts to help issuers determine whether or not you can manage more credit.

Credit card income requirements help issuers assess the risk of lending and give you an idea of what cards are available to you based on your financial situation. So, now that you have a better understanding of minimum income requirements, you can compare and apply for a card that fits your needs.

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46 Responses to Do I make enough money to get a credit card?

  1. Default Gravatar
    Tracy | May 1, 2017

    Are the minimum income requirements published by banks referring to gross income or net income (after tax, replayments etc.)?

    Thanks in advance!

    • Staff
      Anndy | May 2, 2017

      Hi Tracy,

      Thanks for your question.

      The minimum income requirement published by banks generally refers to Gross Income.


  2. Default Gravatar
    Reece | October 6, 2016

    Can i get a credit i get $14000 a year

    • Staff
      May | October 6, 2016

      Hi Reece,

      Thanks for your inquiry.

      Generally, credit card companies in Australia would require their applicants to have a minimum income of at least AU$15,000 p.a. Nevertheless, you might want to reconsider a prepaid card, which is also convenient to use and does not have a minimum income requirement.

      Hope that helps.


  3. Default Gravatar
    | September 18, 2016

    My salary is 18000 per month am I able to get a credit card and how? my bank account in yes bank.

    • Staff
      May | September 18, 2016

      Hi Gulshan,

      Thanks for your question.

      Aside from your income source, there are also other eligibility requirements that you have to meet to be approved for a credit card such as but not limited to employment stability and credit rating. However, these criteria/requirements differ from bank to bank and the type of credit card, so you may need to check the details of the card first or contact the issuer before applying to verify if you meet them.

      Hope this helps.


  4. Default Gravatar
    | September 14, 2016

    how much p.a. income in rupees for credit card

    • Staff
      Anndy | September 14, 2016

      Hi Akbar,

      Thanks for your question.

      The income requirement for the credit cards we feature on are only in AUD and these credit cards are also available for Australian residents.


  5. Default Gravatar
    shainaz | February 27, 2015

    minimum salary to apply for credit card and wt is age limit

    • Staff
      Jonathan | March 2, 2015

      Hi Shainaz, thanks for your inquiry!

      The minimum income requirements for a credit card vary depending on the lender but is generally around the $15,000 mark. The minimum age for a credit card in Australia is 18 years old.



  6. Default Gravatar
    Ajay | February 21, 2015

    Hi , I want credit card for online shopping , my monthly income is 10,000 so plz help how can get

    • Staff
      Jonathan | February 23, 2015

      Hi Ajay, thanks for your inquiry!

      For a list of 0% Purchase credit cards please see this page, we also have broken down the components and features of 0% Purchase Credit Cards for you.



  7. Default Gravatar
    morgie | November 30, 2014

    I earn about R3000 a month.what credit card can I get.

    • Staff
      Elizabeth | December 1, 2014

      Hi Morgie,

      Thanks for your question.

      From the Australian credit cards available on, you’ll need to be earning a minimum income of about $15,000 AUD which is about R11731.16 a month. You might want to consider a prepaid card, but keep in mind you’ll only be able to load Australian dollars onto this.

      I hope this has helped.



  8. Default Gravatar
    Cindy | November 16, 2014

    I am stay at home Mom I have a child with Autism we get SSD and I get child support but it’s only 6600 a year. Is there a credit card I can apply for.

    • Staff
      Elizabeth | November 17, 2014

      Hi Cindy,

      Thanks for your question.

      Unfortunately I’m unaware of any cards with a minimum income requirement below $15,000. If you’re looking to get a card for the convenient shopping/spending benefits, you might want to consider a prepaid credit card. These cards don’t have a minimum income requirement, and usually only require that you verify your identity in order to be approved.

      I hope this has helped.



  9. Default Gravatar
    anne | October 30, 2014

    My husband applied for a capital one venture card. We have excellent credit but his income the past few years has gone down to $25k. (we are homeowners and have savings and no debt beside a car and house) He was turned down. How much is he needing to earn before he will be accepted, and how soon before I can apply? thank you.

    • Staff
      Elizabeth | October 30, 2014

      Hi Anne,

      Thanks for your question.

      I’m not too familiar with credit cards available on the US market, but there appears to be no pre-determined minimum income when it comes to the Capital One Venture Card. It seems that Capital One use a range of lending criteria, including your credit score, to determine your eligibility for the card. You may be able to get more detailed information from Capital One directly.

      I hope this has helped.



  10. Default Gravatar
    pervinder | August 29, 2014

    my salary is -13000 monthly cash in hand… i want made a credit card please help me

    • Staff
      Shirley | September 1, 2014

      Hi Pervinder,

      Thanks for your question.

      Unfortunately to be eligible for credit cards, your income needs to be taxable. This is because you’ll need to show documents and provide evidence of your income.

      If you’d like, you may want to read this article about getting credit if you’re paid in cash.

      All the best,

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