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Low income credit cards

Look for credit cards with income requirements from $15,000 to $35,000 per year, an annual fee below $100 and an interest rate you can manage when you're comparing cards.

Name Product Purchase rate p.a. Balance transfer rate p.a. Annual fee Min credit limit
St.George Vertigo Card - Cashback Offer
6.99% for 12 months, then 21.49%
Get up to $400 cashback at eligible supermarkets and petrol stations in the first 180 days. Plus, a low interest rate for purchases.
NAB Low Rate Credit Card
0% for 28 months with 2% balance transfer fee, then 21.74%
$0 first year ($59 after)
Get a 0% p.a. interest rate on balance transfers for the first 28 months (with a 2% BT fee). Plus, save with a $0 first-year annual fee.
Westpac Low Rate Card - Cashback Offer
A no-frills card offering up to $350 cashback: $50 each month you make at least $1,000 of eligible purchases for the first 7 months.
American Express Low Rate Credit Card
Offers a low ongoing interest rate of 10.99% p.a. and a $0 annual fee. Plus, complimentary purchase cover.
Qantas American Express Discovery Card
Earn uncapped Qantas Points for every $1 dollar spent, plus an ongoing $0 annual fee.
American Express Velocity Escape Card
Save with an ongoing $0 annual fee and earn 0.75 Velocity Points per $1 on everyday purchases.
Westpac Low Rate Card
0% for 28 months, then 21.49%
Save with a 0% p.a. interest rate on balance transfers for 28 months. Plus, a low 13.74% p.a. purchase interest rate.
Bankwest Breeze Classic Mastercard
0% for 12 months, then 12.99%
0% for 12 months with 2% balance transfer fee, then 12.99%
Save with 0% p.a. on purchases and balance transfers for 12 months (with a 2% BT fee).
Coles No Annual Fee Mastercard
0% for 6 months, then 19.99%
Get 20,000 bonus Flybuys points (worth $100 Flybuys Dollars) and 0% interest on purchases for the first 6 months.
Credit Union SA Education Community Credit Card
0% for 6 months, then 11.49%
0% for 6 months, then 11.49%
Save with an ongoing $0 annual fee and 0% p.a. interest on purchases, balance transfers and cash advances.
NAB StraightUp Card
Save with 0% p.a. interest charges and 0% foreign transaction fees. Plus, $0 monthly fees when you don't use the card or carry a balance.
Latitude 28° Global Platinum Mastercard
Save with 0% international transaction fees on purchases. Plus, complimentary Flight Delay Pass and global data roaming.

A bunch of credit cards in Australia have low minimum income requirements of $15,000 to $35,000 per year. These cards make it easier for people in lower income brackets, students and pensioners to get a credit card. They usually offer competitive interest rates and annual fees to help keep your account costs down.

If you want a credit card and are on a lower income, you can compare options in the table. Before applying for any card, check the minimum income requirements and other eligibility criteria.

What features do low income credit cards offer?

  • Lower minimum income requirements. Income requirements for these cards are typically between $15,000 and $35,000 per year. To put this in perspective, some other credit cards have minimum income requirements of $75,000 or more, usually when they are premium cards with lots of perks.
  • Low minimum credit limits These cards typically have minimum credit limits ranging from $500 to $2,000.
  • Low annual fees. Low income credit cards typically have annual fees of $100 or less. You could also look at cards that offer a $0 annual fee for the first year, or ongoing.
  • Interest rates. Some low income cards are also low rate cards that offer a purchase rate below 15% p.a.
  • Interest-free days. Most credit cards offer interest-free days on purchases. The number of days (such as up to 55 days) varies from card to card.
  • Simple features. Low income credit cards typically have cost-saving or basic features, rather than fancy extras like rewards, travel perks or complimentary insurance.
💡 Credit score tip: A low income credit card can help improve your credit score if you pay at least the minimum amount listed on your statement by the due date. And a higher credit score can improve your chance of approval when you apply for other loans.

What to think about when comparing low income credit cards

  • Minimum income requirements. Credit card minimum income requirements in Australia typically start from $15,000 per year but not all credit cards publicly list a minimum income amount. Keep in mind that your income is also assessed against your expenses – and this is what the bank will look at if they don't list a minimum income requirement.
  • Regular income. Even if a card does not list a minimum income, showing proof of a regular income is a common requirement. Finder research also shows that, for the 8% of Australians who have had a credit card application declined, unsteady income was the most common reason. Providing proof of regular income, such as recent payslips, superannuation or bank statements helps show proof of your regular income when you apply.
  • Source of income. Most credit card applications ask you to report at least one source of income. If you are unemployed or do not earn a regular salary, other types of income may be considered. This could include:
    • Government benefits and Centrelink payments
    • Superannuation
    • Rental or investment property income
    • Child support
    • Other types of income specified by the provider
  • Credit history. If you have a low credit score, work on repairing it before you apply to help improve your chances of getting approved.
  • Affordability. Before you apply for the card, make sure you can afford it. The key costs to look at are the annual fee, interest rate and credit limit. If you end up spending more than you can repay and get into unmanageable debt, talk to the bank or lender to get support. Otherwise, it could become stressful and lower your credit score.

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 are asked for information about your personal and financial circumstances. The structure is different for each application, but here's a summary of 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.
  • Income information. This includes your employment status, salary, 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, on a pension or retired, you'll usually need to provide one or more of the following supporting documents:
    • 3 months of bank statements that show you're receiving payments
    • Your latest Tax Assessment Notice
    • A letter or other proof of income from government benefits
    • Superannuation
    • Contact details for your accountant
  • Other financial information. As well as your main source of income, you'll be asked about any other earnings or assets. This includes any savings accounts, as well as other assets such as shares or property. You'll also need to give details of your monthly household expenses and any existing debts – including loans, other credit cards and buy now pay later (BNPL).

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

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

No, you 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 and score through Finder. You can also see your chance of approval for credit cards and other credit products on Finder.

Get Your Free Credit Score

Alternatives to low income credit cards

If you don't meet the income requirements, can't find a card you want or need funds for a one-off expense, here are some other options you can consider:

  • Personal loans. There are some personal loans with low income requirements. But as they may have higher interest rates and fees than other loans, make sure you consider the costs and compare options before deciding to apply.
  • No interest loans. No Interest Loans (NILs) offer up to $3,000 for people who earn less than $70,000 (or $100,000 as a couple). These loans are administered by Good Shepherd and are available through a range of non-profit community organisations around Australia.
  • Buy now pay later. Services like Afterpay and Zip give you a way to buy what you want and pay it off in instalments. Most buy now pay later accounts have a regular account fee, as well as late payment fees (or in some cases, interest charges), which can become expensive if you use it a lot and/or don't meet the repayment requirements.

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.

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

You need to receive a regular income to be approved for a credit card in Australia. Some credit card providers will consider applications when you receive payments from Centrelink, including Family Tax Benefit A and B, the Age Pension or Carer's Allowance (but not usually JobSeeker). Others may require you to be employed by a business or self-employed.

If you're retired when you apply for a credit card, you will need to provide evidence of income from superannuation, the aged pension and any other assets. Check the card's eligibility criteria or contact the financial institution 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.

Can I apply for a credit card without proof of income in Australia?

No. Your income is one of the key factors that lenders use to figure out if you'll be able to pay back what you spend on a credit card (or any other line of credit).

This is because all credit card providers must follow consumer credit laws and meet responsible lending requirements. So they need to get accurate details of your financial situation – including your income, assets, debts and regular expenses. These requirements are ultimately designed to help protect you and others from predatory lending practices.

What is the lowest limit I could be approved for on a credit card?

Minimum credit limits in Australia typically start from $400, which means this is the lowest limit available. But some cards have higher minimum credit limits.

Choosing a card with a lower minimum credit limit can help you meet the eligibility requirements when you have a low income. But keep in mind that the application is still subject to lending criteria and assessment by the provider.

What is considered a low income?

A low income can broadly be defined as earning less than the average or median income in Australia. Data from Finder's Consumer Sentiment Tracker in August 2023 found the average personal income was $59,164 per year, so earning less than this could be considered a low income.

The poverty line can also be used as a benchmark for low income and is around $489 per week for a single person according to research from the Australian Council of Social Services (ACOSS). This works out to around $25,428 per year.

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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 your inquiry.

      It is very possible to get 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 have not heard back from the provider, you can consider calling AMEX to directly follow up.

      You may also refer to our guide to check your credit card application.

      Hope it helps.


    Default Gravatar
    RITUFebruary 2, 2017

    My annual salary is it possible to get credit card

      MayFebruary 2, 2017Finder

      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 it possible to get credit card

      JonathanNovember 11, 2015Finder

      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??

      JonathanOctober 13, 2015Finder

      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.


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