How To Get A Credit Card When You Don’t Have A Job?

The demand for credit cards is increasing day by day as they have become an important part of people’s lives. Many people find it really hard to manage their expenses without credit cards. People who want to start their credit journey may find it really difficult to get a credit card, especially when they are not doing any job, as people who need a source of income can be risky borrowers for the banks. Still, many people manage to get a credit card without any secure job. Do you want to know how? This article will help you understand the ways to get a credit card when you don’t have a job. Keep reading!

Apply for a Secured/Against FD Credit Card

Secured credit cards are issued against a fixed deposit without any proof of income. The amount you deposit remains as a security deposit to the bank in case you don’t repay your outstanding amount. The credit limit you get with a secured credit card is generally equal to or slightly less than the fixed deposit amount. To get a secured credit card, doing a job is not at all required; you just need to repay your bills on time to make sure that you build a good credit score. After building a good credit history, you can apply for unsecured credit cards, as it will become easier for the card issuers to know your creditworthiness. IDFC Wow Credit Card and One Card are some of the most popular Fixed Deposit Credit Card.

You can find a list of the best-secured credit cards in India here.

Get an Add-On Credit Card

Card issuers allow their cardholders to get add-on cards issued for their children, parents, spouses, or siblings. So, if any of your family members have a primary credit card, you can get an add-on/supplementary credit card with all the features and benefits of the primary credit card. Getting an add-on card doesn’t require any proof of income or credit history. You should just try to get a supplementary card under someone who has a good credit score.

Display Your Source of Income

There are cases when people are unemployed but have a source of income or a good bank balance. You can show your transaction history or your bank balance to the card issuer to show them that money is being deposited into your account regularly. It can also be possible if you have taken early retirement after earning sufficient for yourself. Job is not actually what is required to get a credit card, but it is essential for the card issuer to know how capable you are of repaying the credit card bills. However, in this case, you are required to have a savings/current account in the bank from which you want to get a credit card.

Bottom Line

These were some of the most popular and significant ways to get a credit card without having a job. If you are also unemployed and want to have a credit card, you can choose any of the above ways. Moreover, it is advisable to use your credit card wisely, whether it is a secured card or an add-on card. These cards don’t only provide you with a credit limit but also with a fantastic opportunity to build or rebuild your credit score.