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Low income credit cards

Look for low minimum income requirements, a low annual fee and an interest rate you can manage while you compare.

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Some credit cards in Australia have relatively low minimum income requirements of $15,000 to $35,000 per year. These cards provide people in lower-income brackets, students and pensioners with access to credit. They usually offer competitive rates and fees to help keep your account costs down.

If you want a credit card and have a lower income, you can use this guide to compare types of low-income credit cards that may be suitable. Before applying for any card, be sure to check the minimum income requirements and other eligibility criteria.

What benefits of a low income credit card?

  • Lower minimum income requirements. As the name suggests, low income credit cards usually have lower minimum income requirements between $15,000 and $35,000 per year. You'll need to provide proof of your income with recent payslips and bank statements. You may also need to confirm your place of employment and provide your employer's contact details (when relevant to your circumstances).
  • Competitive annual fee. Low income credit cards usually charge lower annual account keeping fees than more premium cards. You might even be able to find a card that doesn't charge an ongoing annual fee or has a $0 annual fee promotional offer.
  • Lower interest rates. Some low income cards also double as low rate cards. This means you could get a card that charges a purchase rate of less than 13% p.a. Look out for low income cards with low or 0% promotional interest rates as well.
  • Interest-free days. Most credit cards offer interest-free days on purchases, though the number of days (such as up to 55 days) would vary from card to card. To take advantage of these interest-free days, you have to pay your account’s closing balance completely every month.
  • No frills features. Most low-income credit cards don't offer expensive extras like rewards, concierge services, travel perks and included insurance covers.
  • Build credit. If you're using a low income credit card with low interest rates, you could use the card to build up a healthy credit score if you pay off your balance each statement period. With good creditworthiness, you'll have increased chances of approval when applying for other loans in the future.

Can I apply for a low income credit card with a low credit score?

You'll need to have a good credit score to be approved for a credit card in Australia. If you don't know what your credit score is, you can get a free copy of your credit report through Finder. If your score is low, spend some time repaying any existing debts and demonstrating good credit habits to build your score before applying for a credit card. Rejected credit card applications are listed on your credit history and can hurt your score.

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What should I consider when comparing low income credit cards?

If you want to apply for a low income credit card, here are the key factors to consider when you're weighing up your options.

  • Minimum income requirements. Not all cards have the same minimum income requirement. While some allow applications from individuals who earn at least $15,000 p.a., others have requirements of $25,000 or more. Keep in mind that your income is assessed against your expenses. So if you meet the minimum income, but your expenses are too high in relation, your application may still be declined.
  • Source of income. Most lenders will require that you report at least one source of income on your application. If you are unemployed or do not earn a regular salary, other types of income may be considered. Depending on the provider and the card, this could include government benefits and Centrelink payments, child support, superannuation, rental income and other types of income specified by the provider. These requirements vary between providers, so it's a good idea to check the eligibility criteria and contact the bank directly if you have questions about your income and eligibility.
  • Credit history. If you have a low credit score, work on repairing it before applying. Making sure you provide all the required information in your application also increases chances of approval.
  • Affordability. Before you apply for the card, make sure you can afford it. If you end up borrowing more than you can repay and get into unmanageable debt, this will have a negative impact on your credit rating. Use the reviews on Finder and read the relevant product disclosure statement to make sure you understand the costs of the card before applying.

What happens if I can't pay my credit card bill?

How can I apply for a low income credit card?

If you've compared your options and found a credit card that suits your needs, you can apply online in around 10–20 minutes. Before you get started, make sure you meet the other eligibility requirements. As well as the minimum income, this includes being over 18 years old and meeting the Australian residency status requirements listed for the card.

Details you'll need for the application

When you apply for a credit card, you need to share information about your personal and financial circumstances. While each application is different in structure, here is a rundown the key information you'll be asked for:

  • Personal details. This includes your full name, date of birth and residential address and living arrangements. If you've only lived at your current address for a few years, you may need to provide details of your previous address as well.
  • Identification. You'll be asked for your driver's licence number, or another form of ID such as your passport or Medicare card number. This helps confirm your identity and also makes it possible for the credit card provider to request access to your credit file.
  • Employment information. This includes your salary, role, length of employment and your employer's contact details. You may also be asked for recent payslips to confirm these details. If you're self-employed or retired, you may be asked for details such as your latest Tax Assessment Notice, income from government benefits, superannuation or contact details for your accountant.
  • Financial information. As well as your main source of income, you'll be asked about any additional money you've earned. This includes interest from any savings accounts, as well as other assets such as shares or property. You'll also need to give details of any existing debts (including loans and other credit cards) and monthly household expenses.

Depending on the credit card provider, you may be asked for more details once the application is submitted. This could include supporting documentation such as payslips, bank statements and copies of your identification.

Compare cards with a low minimum credit limit

Data updated regularly
Name Product Purchase rate Balance transfer rate Annual fee Min credit limit Minimum income
ANZ Low Rate
12.49% p.a.
0% p.a. for 20 months
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a. on balance transfers for 20 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Westpac Low Rate Card
13.74% p.a.
0% p.a. for 28 months with 1% balance transfer fee
$0 annual fee for the first year ($59 p.a. thereafter)
Save with a $0 annual fee for the first year, plus, a 0% interest rate on balance transfers for 28 months.
Bankwest Breeze Classic Mastercard
10.99% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 annual fee for the first year ($49 p.a. thereafter)
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Coles No Annual Fee Mastercard
19.99% p.a.
0% p.a. for 6 months
Get $100 off a Coles Supermarket shop when you spend at least $1,000 in the first 60 days and save with a 0% balance transfer offer.
Bendigo Bank Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months with 2% balance transfer fee
Save with 0% p.a. on balance transfers for 24 months (with a 2% BT fee). Plus a 11.99% p.a. purchase interest rate.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 28 months
Enjoy a 0% interest rate on balance transfers for 28 months, with no balance transfer fee.
Bank of Melbourne Vertigo Classic
13.99% p.a.
0% p.a. for 28 months
Save with a 0% interest on balance transfers for 28 months, with no balance transfer fee.
Coles Rewards Mastercard
19.99% p.a.
0% p.a. for 18 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy 20,000 bonus Flybuys points, a $0 first-year annual fee and 0% p.a. on balance transfers for 18 months (1.5% fee applies).
BankSA Vertigo
13.99% p.a.
0% p.a. for 28 months
Enjoy a 0% p.a. for 28 months on balance transfers (with no balance transfer fee), a low purchase rate and annual fee.
NAB Low Rate Credit Card
12.99% p.a.
0% p.a. for 20 months with 2% balance transfer fee
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
BankSA No Annual Fee
0% p.a. for 12 months, reverts to 20.74% p.a.
Offers 0% p.a. on purchases for 12 months and an ongoing $0 annual fee.
NAB Low Fee Card
19.74% p.a.
0% p.a. for 6 months with 2% balance transfer fee
Receive complimentary insurance covers and 0% p.a. for 6 months on balance transfers.
MoneyMe Freestyle Virtual Mastercard
16.99% p.a.
Get approved quickly online and start using your card right away. Plus, the ability to transfer money to a bank account.

Compare up to 4 providers

Frequently asked questions

What eligibility criteria do I have to meet to apply?

Apart from meeting minimum income requirements, you should be at least 18 years old, an Australian resident and have a good credit history. If you want to check your credit score before you apply, you can check your score and download your credit report for free on Finder.

Can I apply for a credit card if I'm unemployed?

You usually need to receive a regular income to be approved for a credit card. Some credit card providers will consider applications when you receive payments from Centrelink, including JobSeeker (formerly Austudy) or Carer's Allowance, while others may require you to be employed by a business.

If you're retired, you may be able to apply for a credit card if you can provide evidence of an income through assets, savings and superannuation. Check the eligibility criteria for individual cards or contact a provider directly if you have questions about your circumstances.

How quickly can I complete the application?

Most online credit card applications take around 10 to 15 minutes to complete.

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22 Responses

    Default Gravatar
    RajuAugust 28, 2019

    Hi i have annual income of $61473 and taxable annual income is $23087.I am a student in Sydney and run my own small handyman business ,and i don’t know if i can get a credit card can you make it clear or help me.

      Default Gravatar
      NikkiAugust 30, 2019

      Hi Raju,

      Thanks for your message. It’s great to know that you are looking to apply for a credit card. To get started, compare from the cards on the list above. Read the part of the page that says “What should I consider when comparing for a low-income credit card?” to help you decide which card to go for. As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps!


    Default Gravatar
    SavannahApril 8, 2018

    We have plenty of assets but not a high income.
    We have to pay ATO a huge cgt bill this year and hoped to benefit by gaining frequent flyer points.
    I tried to join Amex today as it offers 100,000 points until TOMORROW!!
    Do you think this is possible?

      Default Gravatar
      JoelApril 8, 2018

      Hi Savannah,

      Thanks for leaving a question on finder.

      It is very possible to get the 100,000 points if you get approved before 12 midnight. When you apply for a credit card, you can usually expect an immediate response (or at least 60 seconds). However, if you still haven’t heard back from the provider, you can consider calling AMEX to directly follow up.

      Also, if you would like to check out our guide on how to check your credit card application, you can go HERE.

      Hope it helps.


    Default Gravatar
    RITUFebruary 2, 2017

    My annual salary is 210000.is it possible to get credit card

      Avatarfinder Customer Care
      MayFebruary 2, 2017Staff

      Hi Ritu,

      Thanks for your question.

      I’m afraid that the credit cards we feature on our pages are available to people who are in Australia only. You’d be best to get in touch with a bank in India to discuss your chances of approval for a credit card.


    Default Gravatar
    AmanNovember 10, 2015

    my annual income is 160000..is it possible to get credit card

      Avatarfinder Customer Care
      JonathanNovember 11, 2015Staff

      Hi Aman,

      Thanks for your inquiry!

      Yes, you may be eligible for a credit card as long as you meet eligibility requirements such as your credit score, residency status, employment status and income.

      There are a range of credit cards with a low minimum income requirement you can compare. You can press the “Go to Site” button of your preferred credit card to proceed with your application. You can also contact the provider if you have specific enquiries.

      A friendly reminder, please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered before you apply.


    Default Gravatar
    dhanOctober 12, 2015

    hi, i am looking for low base credit card, my monthly income14500/- is it possible get credit card??

      Avatarfinder Customer Care
      JonathanOctober 13, 2015Staff

      Hi Dhan,

      Thank you for your inquiry.

      The minimum income required for a credit card application varies depending on the bank but is generally at least $15,000. You may want to check the eligibility requirements on your preferred credit card and speak to a bank representative.

      To understand how other eligibility requirements can affect your application, you can refer to our guide on minimum income requirements. Please ensure to read through the relevant product disclosure statement and terms and conditions of the card you will choose before you apply.

      I hope this helps.


    Default Gravatar
    JasonSeptember 1, 2015

    I earn 20k a year, and am looking for a 4k credit card. What are my chances?

      Avatarfinder Customer Care
      JonathanSeptember 2, 2015Staff

      Hi Jason, thanks for your inquiry!

      Your eligibility for being approved for a credit card depends on the specific bank’s lending requirements and minimum income requirement. The income requirements/ application requirements are available on each review page.



    Default Gravatar
    TriciaFebruary 18, 2014

    Hi im looking for a transfer balance credit card! I have two I would like to put together to make it easier for me this is the amount of 5,000! I am a low income earner of about 19,,000 per year! Can you please point me in the right direction! :)

      Avatarfinder Customer Care
      JacobFebruary 19, 2014Staff

      Hi Tricia,

      Thanks for your question.

      This page features cards that are suitable for people with a low income. You may also want to have a look at our low-rate credit card comparison page. You can use the table to help you find the card that suits you. When you are ready, press the ‘Go to sie’ button of your preferred card to apply.

      Let us know if you have any further questions about finding a credit card and I hope this has answered your question.


    Default Gravatar
    JudithJune 14, 2013

    Hello. I attempted to do a balance transfer from my Citibank mastercard to Bendigo basic black. I did try several times online only for those applications being terminated half way through. I then went to my local Bendigo branch and started the process there. My aim was to a have a lower interest rate and better manage my credit card debt. I earn $900 a fortnight gross and own my own home. Bendigo have finally advised after much stuffing around that I do not meet their lending criteria. Please advise what are my options now and does that fact that I have made several applications have an effect on future applications? Thank you cheers Judith.

      Avatarfinder Customer Care
      JacobJune 14, 2013Staff

      Hi Judith. Thanks for your question. If you’ve applied for credit a couple of times in the recent past this may have some bearing on your future applications. There is no hard and fast rule about how many times you can apply for credit in a certain time frame before it negatively affects your application, but try to think about it from the lender’s perspective. If they can see that you’ve applied for credit six times in the last month, it would appear to them that you are a credit hungry customer and may be grounds for declining your application. But it’s not all bad if you have had a few applications on your credit file in the past. If you’ve been able to successfully manage the products you’ve applied for then there no reason why you shouldn’t be able to keep applying for credit (within your ability to repay). One possible action is to order a copy of your credit file. This will let you see what the lender sees when you apply for credit. You may want to consider waiting to apply for more credit. Hope this has helped and let us know if you need anything else. Jacob.

    Default Gravatar
    DawnApril 3, 2013

    I earn 5000 a year can I get a low interest credit card

      Avatarfinder Customer Care
      JacobApril 3, 2013Staff

      Hi Dawn. I’m not sure. If you would like further clarification, speak to the lender directly. People on low incomes do get approved though, your credit limit won’t be high. Jacob.

    Default Gravatar
    JitendraMarch 15, 2013

    Hi I want credit card but my salary is low only 9000 thousand in hand per month so please suggest

      Avatarfinder Customer Care
      JacobMarch 19, 2013Staff

      Hi Jitendra. Thanks for your question. With an annual income of only $9,000, it will be difficult to get a credit card. You should check this page, it’s our low rate credit card comparison page, it has information on low rate cards, which have the lowest entry requirements out of all the cards on the market. You can still try and apply for a low fee or low rate card, but if you’re approved, your limit is likely to be only approx. $500.

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