Credit Card without income proof

3 min read Jan 12, 2024

Credit Cards have become one of the most sought-after financial instruments. However, if you are a student or at an early stage of your career, getting a Credit Card can be challenging. Most people at the start of their careers do not have adequate income proof to justify borrowing. However, it is not impossible to get a Credit Card without income proof. Find out how you can get a Credit Card with no income proof.

Applying for a Credit Card without income proof

Here are some ways through which you can get a Credit Card without income proof:

• Bank account: This is the foremost step to getting a Credit Card or even any banking facility. If you have a bank account , you can apply for a Credit Card from the respective bank itself.
• Meet eligibility criteria: While you don’t have income proof, you can still fulfil other eligibility criteria. In this way, you can apply for a Credit Card online without a salary slip or other income proof.
• Include a co-applicant: Include a co-signer who has a good credit score in your Credit Card application to become eligible for the same.
• Have a good credit score: Having a good credit score portrays positive financial and credit behaviour.
• Receipts: While you don’t have income proof, the receipts in your bank account act as an alternative income verification. Freelance gigs are popular nowadays and it also shows a revenue stream. Many students undertake freelance jobs to support their expenses. This helps you become eligible for Credit Cards for freelancers and entrepreneurs as well.

Also Read: 14 different types of Credit Card charges & fees

Ways to apply for a Credit Card without income proof

• Credit Card against an asset: You can get a Credit Card against assets like fixed deposits. These act as a security for the Credit Card issuer. To avail of this card, you need to create a fixed deposit with the card provider bank for a specified tenure based on which the credit limit will be assigned to you.
• Credit Card against primary Credit Card: You can also get a Credit Card issued against a primary Credit Card that you or your family member possess. This requires the primary Credit Card holder to have a good credit history in his/her name. If you have a primary Credit Card, then you can apply for a Credit Card without income proof as well as with minimal documentation.

Unsecured Credit Cards

Unsecured Credit Cards are those that are not backed by any security. In simpler terms, you don’t have to provide any security to obtain a Credit Card. This makes Credit Cards accessible to a wide category of customers.

If you are searching for a without-salary-slip Credit Card sans any security, you can get an unsecured Credit Card from the bank where you are an account holder or against the primary Credit Card of any of your family members. If you have good creditworthiness, then you can get an unsecured Credit Card without much hassle.

Improve your creditworthiness

The credit score is the primary indicator of your creditworthiness. If you have a good credit score, Credit Card companies won’t hesitate to issue you a Credit Card. To improve your credit score, you should ensure to repay all your loans and EMIs on time. Further, if you already have one Credit Card, then paying its bill on time and ensuring a low credit utilisation ratio will ensure that your credit score keeps on increasing as and when you use it.

Also Read: What is Credit Card limit?

Conclusion

If you are looking for a Credit Card with no proof of income, simple eligibility and minimal documentation requirements, then you can apply for Axis Bank Credit Cards online. You can enjoy exclusive rewards and cashback and can pay using UPI through select Axis Bank Credit Cards. If you are a student, then you can apply for an Axis Bank Student Credit Card. Its features and benefits include the following:

• Apply without income proof.
• Card issued based on independent earnings or based on the credit history of the primary card holder.
• Rewards in the form of cashback, deals and discounts, including rewards on fuel spends.

Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.