Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card Without Income Proof

    In today’s world, a credit card is sought after by almost all individuals irrespective of the fact in which profession one might be engaged in. This is because credit cards offered by banks and financial institutions enable individuals to avail a lot of benefits by using their credit cards. As time has gone by, banks and other financial institutions that operate in the country have come up with different kinds of credit cards to suit the specific needs of individuals, based on their spending habits. As such, availing a credit card has become an obligation for many people which can’t be resisted easily. In this article, we take at how an individual who do not possess income proof can avail a credit card in his/her name from banks and financial that offer these cards.

    Steps Through Which An Individual Can Avail A Credit Card Without No Income Proof

    Though nowadays banks provide credit cards to individuals without taking any income proof, an individual would be better suited to know the below mentioned steps when it comes to availing credit cards without any income proof.

    • Have a bank account: The first important step is having a bank account. This is because it acts as a credible source for banks, in case he/she defaults on the payments. Moreover, it makes the application for credit card look better.
    • Maximize the qualifications: This is necessary because nowadays banks do not allow individuals to report household income for availing a credit card. As such, it is better to include the right people like spouse in the credit card application.
    • Have a plan: As having a credit card is an important step when it comes to financial planning, having a plan in place is very important. The plan is required to make sure that there is no debt, credit can be monitored, get a secured card, work on getting a normal credit card etc.
    • Credit Consolidation: This is as important as having a job or income as banks look for the income/debt ratio. Finding ways to consolidate the credit is one step which can’t be ignored if an individual intends to avail a credit card. An individual can carry out credit consolidation by making sure that debts don’t pile up.
    • Use the credit reports correctly: Having an error free credit report is another step that the individual needs to work on. This goes a long way in the individual obtaining a credit card without income proof as well as financial independence.
    • Consider the freelance jobs as important: Reporting all the income sources even if money is being earned through freelancing is critical in today’s world as it helps build credit for the individual. Hence, all the freelance jobs that the individual does must be considered as important as the earnings through these help him/her in availing a credit card even through he/she can’t proof the income source.

    Alternatives To Availing A Credit Card Without Income Proof

    Though credit cards are issued to individuals primarily on the basis of their income and credit score, nowadays credit cards can also be availed against a fixed deposit as well as against the primary credit card possessed by a family member. Let’s take a look at both of the options in detail:

    • Credit card against Fixed Deposit: Credit cards that are issued by banks and financial institutions against a fixed deposit that the individual has with them are basically known as secured cards. To avail these cards, the primary requirement is to have a fixed deposit account with a pre-defined amount for a minimum tenure with the bank. Based on the amount deposited, the credit limit is calculated by the banks, who typically offer a credit limit that is in the range of 75-85 percent of the deposited amount. For a credit card to work out well that is availed against a fixed deposit, the individual must ensure that the amount deposited in the fixed deposit account is a higher one. This helps the individual in having a higher credit limit on the credit card that is offered by the bank. The benefit of availing a credit card on the back of a fixed deposit is that it involves minimum documentation and comes with low interest rates. Apart from these, the biggest benefit is that one does not need to provide income proof to the officials of the bank from whom the credit card is availed.
    • Credit card against primary credit card: An individual can also avail a credit card from a bank on the back on the primary credit card that his/her family member possesses. To avail a credit card through these means needs the holder of the primary credit card to have a good credit history in his/her name. Just like with fixed deposits, availing a credit card through these means enables the applicant to get the credit card without needing to submit any income proof. The benefits that comes with having an add-on credit card is that one can avail all the benefits that are offered on the primary credit card, they do not have any joining or annual fee as well as involves minimum documentation work.

    Banks That Provide Credit Cards Without Proof Of Income

    In today’s world, many banks in the country provide credit cards to individuals without them needing to submit any proof of income. Some of the banks that follow the process of not needing any income proof are listed below:

    • State Bank of India
    • Bank of Baroda
    • Kotak Mahindra Bank
    • Andhra Bank
    • ICICI Bank
    • Axis Bank
    • Central Bank of India
    • Syndicate Bank

    Some of the popular credit cards that require no income proof which banks provide are as follows:

    • SBI Unnati Credit card: The card offered by the largest public sector bank in the country is backed by bank deposits for the first year only. After the completion of 12 months, the deposit made by the individual is freed by the bank. The card is the perfect card for those who need a credit card to pay utility bills, making payments, shopping etc. For availing a SBI Unnati credit card, the applicant needs to be an Indian resident aged between 18 to 65 years and must have a minimum fixed deposit of Rs.25,000 with State Bank of India.
    • Bank of Baroda Assure Credit Card: This is another credit card that individuals can avail without needing to submit any income proof. Provided by Bank of Baroda to individuals who are above the age of 18 years and has a fixed deposit account of minimum Rs.25,000 is laced with some wonderful benefits like free insurance coverage, waiver of annual fees etc. The card is accepted worldwide and enables the cardholders to enjoy exclusive benefits offered by Visa.
    • ICICI Bank Coral Credit Card: The ICICI Coral credit card is an assured credit card for those who have a fixed deposit with the bank and is provided instantly to the individuals. The card which has a one time joining fee of Rs.500 enables cardholders to avail 85 percent of the fixed deposit amount as credit limit. Apart from that, it provides other benefits like cash rewards, double reward points, free access to airport lounges etc. The credit card offered by ICICI bank which can be availed by individuals without any income proof has the following criteria - the individual must be above 18 years of age and must have a fixed deposit account with the bank of funds worth Rs.20,000 for a minimum duration of 180 days.

    FAQs on How to Get Credit Card Without Income Proof:

  • How To Get A Credit Card Without Having A Salary Account?
  • You can avail a credit card based on the fixed deposit account that exists with the bank or if one of the family members possess a credit card with the option of add-on or supplementary cards.

  • Can I get a credit card without Income Tax Return?
  • Yes, you can avail a credit card without Income tax return as no credit cards issuers ask for IT returns from customers.

  • How beneficial is getting a credit card issued on fixed deposits?
  • They are quite beneficial as they possess all the features that a regular credit card is laced with.

  • Can I get an HDFC credit card without ITR or a salary slip?
  • No, this is because HDFC bank currently does not provide any credit cards without ITR or salary slip.

  • Can we get a credit card from any bank if we don't earn?
  • Yes, you can get a credit card even if you don’t earn.

      

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    Credit Card Without Income Proof Reviews

    • Bank Bazaar Credit Card
      "Got my free credit card through Bank bazaar"
      0.5 5.0/5 "Blown Away!"
      I got my new credit card from Bank bazaar based on my credit score . When I am checking free credit score in their portal , I got a call from the sales team . Based on my score there was a life time free card is available . Then I decided to go with this card .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i came to know about this bank bazaar service through on line,i am happy with their service and i have applied for credit card from them, i have not faced any issue or difficulty in that getting my credit card, whole process when smoothly and i have used mobile application it is easy to access.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • Punjab National Bank Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have one more credit card last two years from punjab national bank , this is free card , but I am not satisfied with credit limit just 10k after using 1.6years then increase only 10k , now credit limit is 20k , and their customer service is good ,
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • RBL Bank Credit Card
      "Very good"
      0.5 4.0/5 "Great!"
      Their customer service is not good I try but every time call is not going , I have taken one RBL credit card here is credit limit is 45k not much happy ,last one years I have this credit card , I am not getting any offer , and I dont know this is charges or free , but I am satisfied with this credit card ,
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • HDFC Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I have been applied for HDFC BUSINESS MONEYBACK credit card for recently, they have not charged me annual fee as it is life time free credit card, the credit limit which they have given to me was okay, the card came on time there was no delay or issue in getting card.
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • YES Bank Credit Card
      "Not upto the expectation"
      0.5 3.0/5 "Satisfactory"
      Yes bank has not given me the expected credit limit when I was promised before buying this credit card . I am not received any promotional offers for this card . But the executive has given big hype about having and using this card . There will be huge credit limit and so many offers will be available .
      Was this review helpful? 0
      , coimbatore
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I came to know about bank bazaar service through on line, this is my first time i have been availing their service, their website is good, but one thing i would like to suggest them is that stop doing too much of spamming call, i use to get too much of call from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • RBL Bank Credit Card
      "Need improve their customer care"
      0.5 5.0/5 "Blown Away!"
      I am happy with the service of RBL bank, but i am not happy with their customer care service they are not up to the mark, as i use to get too much call a day i use to get call up to 40-50 times, and there is language barrier as well, they do not speck English properly,i have been using this card from past one and half years,but from last 3 months i face this issue.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • American Express Credit Card
      "Outlets should be increase"
      0.5 3.0/5 "Satisfactory"
      I hold Amex credit card from long time, but i am not happy with the card, their service is good, but it is not useful for me, they should increase in many outlet this card, even i do transaction in on line, i could not do online transactions as it use to show as invalid offers for amex card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • ICICI Bank Credit Card
      "Need to increase the Credit Limit"
      0.5 5.0/5 "Blown Away!"
      I am using ICICI credit card for 3 and half years, its a good one to use, but while applying they provided credit limit as 15 thousands post that they increase to 25 only, i would like to suggest to provide more credit limit, mean while the customer service was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about bank bazaar service through on line, this is my first time i have been applied for their service, their mobile application is good,it is user friendly application, but one thing i would like to suggest them is that they should reduce the call flow.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "Overall experience is good"
      0.5 4.0/5 "Great!"
      The customer services and response is good at Bankbazaar. I got regular messages about the updates. The website is good and it is easy to use and understand. There were follow up calls as well. It was easy to get the details of the banks and their offers too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • IndusInd Bank Credit Card
      "Average card"
      0.5 3.0/5 "Satisfactory"
      I have been using Indusind bank credit card for recently, they have not charged me annual fee as it is life time free credit card, i am not happy with the credit limit they have given me less credit limit, like they said 75,000 i will be getting so far but after that they have just given me 50,000 as an limit, the reason for choosing this card is for their offers for shopping and movie tickets, there was much delay in getting loan, there was wrong information was given , the pin got generated after 15 days.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • HDFC Bank Credit Card
      "Good. Can do better"
      0.5 3.5/5 "Pretty good"
      The documents was taken on time for the credit card. The updates was not done for me. I had to call the person who took the documents and I was told that the paper work is processed and I will get the card in few days. The follow up calls was not there with HDFC Bank. There are charges annually for the card.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I came to know about bank bazaar through my friend because this is the good financial product, so once i download the app i repeatedly getting calls from bank bazaar, i would like to suggest to get minimum the calls. The best part of bank bazaar which i would like to share is providing the amazon voucher offer.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 24, 2019
    • HDFC Bank Credit Card
      "Good reward point"
      0.5 4.0/5 "Great!"
      I got my HDFC credit card very recently . in HDFC also I am not happy with the credit limit . I thought HDFC has a great brand value they always fulfill the customers requirement . But interms of credit point they made me so happy with that . Their credit point has some value .
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • SBI Cards Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I hold SBI credit card from long time, They have not charged me annual fee, they use to give good offers in shopping, i am happy with the credit limit which they have given to me, they use to give good offers based on my requirement so far i did not face any issue.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 24, 2019
    • Bank Bazaar Credit Card
      "High level customer service"
      0.5 3.5/5 "Pretty good"
      Bank bazaar has proved strongly they are the masters of digital shopping . They know the nook and corner of the business strategy . I am so thankful for the bank bazaar customer service and guiding me a correct credit card according to my taste .
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
    • ICICI Bank Credit Card
      "Overall good"
      0.5 4.0/5 "Great!"
      I bank with ICICI Bank for a credit card. The customer services and response is good and there are good offers as well. Just that the credit limit is less. Else there are no hassles while using the card. The transactions are smooth and easy and no issues.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 24, 2019
    • American Express Credit Card
      "Completely disappointed with the credit limit"
      0.5 2.0/5 "Expected more"
      Highly disappointed with the American express service . When I am taking a card with very high interest with them they given a credit limit of only 25 k. I though it was a international credit card, their limit also will be in higher scale . But complete collapse of my dream .
      Was this review helpful? 0
      , new delhi
      Reviewed on Apr 24, 2019
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