In this day and age, it’s almost impossible to live without a credit card. They are a necessary part of life, especially if you want to make large purchases or travel.
However, what do you do if you don’t have a steady income? Don’t worry – you can still get a credit card!
In this article, we will discuss how to get credit card without salary. We will go over every step that you need to take in order to be approved for a credit card, even if you don’t have any income. Let’s get started!
How to Get Credit Card Without Salary: The Ultimate Guide
So you want to know how to get a credit card without having any income or salary? You’re not alone. Millions of people are in the same boat.
Fortunately, there are ways to get a credit card without having an income. We will explain every step that you need to take in order to get a credit card without a salary. Keep reading for more information!
- 100% Working Method to Get Credit Card Without Salary/Income
- Things to Do Inorder to Get Credit Card without Salary
- List of Banks that Provides Credit Cards without Income Proofs
These are the main things which we are going to explain in this guide. The 100% working Method will surely work. Make sure to go through the complete guide.
100% Working Method to Get Credit Card Without Salary/Income
The process to get a credit card without an income is not as difficult as it seems. There are a few simple steps that you need to follow, and we will walk you through them.
The 100% sure shot method which I’m talking about is “FIXED DEPOSIT”
Yes, Every bank & Credit Card companies are giving a huge amount of offers for Fixed Deposits. The Deposit can be anywhere between Rs.10000 to a lakh or more depending on how much credit limit you need.
You will get 80% of Fixed Deposit as your Credit Limit on Your Credit Card. Most of the banks provide 80% only.
For Example, You have done a fixed deposit of 1,00,000 then you will get a credit card with 80,000 as a credit limit.
**Try this method and mention your comment if you get succeeded in getting a credit card.
Things to Do In order to Get Credit Card without Salary
You have to follow through a few steps in order to get a credit card without salary or income proof. They are as follows:
- Have a bank account
- Credit Consolidation
- Use the credit reports correctly
- Consider the freelance jobs to show as income proof
These are things which we need to keep in mind and make your plans according to that. Let’s check them one by one clearly to get complete details.
Have a bank account
The first thing that you will need to make sure of is that you have a bank account. If you don’t already have an account, then this process won’t work for you.
You should make sure the bank account has been open for over six months or more, as it can take some time before your credit card application is approved.
Even few banks provide Pre-approved Credit Cards based on the transactions done on the bank account. So make sure to use the bank account regularly and be one in the chance of getting the pre-approved credit card.
Credit reports are one of the key factors in how credit card companies decide whether or not you will be approved for a credit card.
The first step is to check your credit reports for any errors or incorrect information. If there is any incorrect information, then it needs to be updated with the bureaus so that your credit report has accurate information.
Even if there is no mistake you need to make sure how much credit limit you can get by applying for a fixed deposit of how much amount & how long period i.e 10 – 15 days or 1 month.
Use the credit reports correctly
Getting a credit card for students with no income may be difficult, but it is definitely possible if done right. Given how important it is to build up your credit history while you’re young, how do you go about getting one?
The first step is to check your credit report and make sure it is accurate. Today, most of us are entitled to a free annual credit report from the three credit bureaus — TransUnion, Experian, and Equifax. You can get all three reports at once or stagger them throughout the year. For more details on how the system works, see how to get credit reports.
In addition, you should look into how credit scores are determined, as it will help you maximize your chances of getting a card. See how credit scores work and how to improve yours.
Consider the freelance jobs to show as income proof
With unemployment rates being so high at the moment, getting a credit card without an income might be difficult. It doesn’t mean it’s impossible though if you have any other ways of showing how much money you make per month.
Freelance jobs are one option along with being paid under the table for your work. Just make sure to keep track of how much you earn and how much the credit card company will allow as a credit limit.
When working as a freelancer, it is important to avoid using your personal bank account so that the payments show up as other income on your credit report. Using other types of payment accounts can also help lower how much you make per month for reporting purposes.
This is the last step is how to get a credit card without an income. If you are still unable to understand how to apply for a credit card without salary or how can I get credit cards with no credit history, the common question is raised by everyone. So don’t worry about it and make your plans in order to achieve your goal. Get started now.
We hope you have got complete information on how to get credit card without salary. You can follow these steps and guidelines which will help you how to get credit cards without an income source in order to build up your own credit history.
Feel free to ask your queries in the comment section. We will answer them as soon as possible. Stay tuned to CashPe for more information on Credit Cards.