Many Australians feel that a credit card is out of reach because they fall into a low income bracket. They assume that a credit card application with a credit card lender would be declined. This is not necessarily the case, infact some of the instant approval credit cards featured on this site have a minimum income requirement of just $15,000 so if you are a low income earner these are probably the best credit cards for you. Instant approval credit card applications, like all credit card applications involve a credit history check however, so it is important to have a good credit rating.
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| ANZ Low Rate Purchases : 0% for 3mths (Offer ends 12.06.12) then 13.39% p.a. Balance Transfer: 0% for 3mths Annual Fee: $58 Interest Free Days: Up to 55 Cash Advance : 21.49% p.a. More Info |
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| ANZ Low Rate Apply Now |
If you are a low income earner and worried about exceeding your limits and getting into debt, having a low limit to start with is sometimes a good idea. If you think you may not always be able to pay the balance within the interest free period then a low interest credit card is practically a necessity. A low interest rate on your purchases is another feature to look out for. Even whilst you might have the best intention of paying your card balance before interest is charged, you may find yourself going over the interest free days, so consequently you need to know that you will only be liable for a low rate if that occurs.
Remember your minimum income level only needs to be $15,000 for a low income credit card approval. Provide documentation showing your current assets, expenditure and liabilities. A credit card provider needs to know the extent of your commitments to determine whether you can sustain any further debt.
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St George Vertigo Purchases : 13.24% p.a. Balance Transfer:0.99% 12mths Annual Fee: $55 Interest Free Days: Up to 55 Cash Advance : 21.49% p.a. More Info |
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| St George Vertigo Apply Now | |||
The ANZ Low Rate as well as the ANZ First are two excellent credit cards that have min income requirements of just $15,000 pa.
