Credit card offers for single parents | finder.com
Credit cards for single parents

Credit cards for single parents

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Explore credit cards that work as hard for your money as you do.

If you’re a single parent, a credit card could be a convenient way to free up cash flow between paydays or to help manage financial emergencies. There is a range of cards that offer low annual fees, up to 55 interest-free days and have a lower minimum income requirement. Use this guide to help you compare your options to find the most suitable one for you.

Comparing credit cards for single parents

It is always important to consider your financial situation and needs before applying for a credit card. If you’re looking for a card to use in case of emergencies, for example, you might want to consider one with low or no annual fees. If you plan on using your card to make regular repayments while carrying an outstanding balance, one with a low interest rate could be more suitable. If you have debt to pay off, on the other hand, a low or 0% balance transfer offer could be a useful way to pay down your balance without incurring additional interest. Note that most of these cards have a minimum income requirement of at least $15,000 and require applicants to have a good credit history, so you’ll need to make sure you meet the eligibility criteria before you apply.

Compare credit cards

Name Product Annual Fee APR for Purchases (Purchase Rate) Intro APR for Balance Transfer
$0
14.74%, 18.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 18.74% or 24.74% variable)
Earn unlimited 1.5% cash rewards on purchases. See Rates and Fees
$0
12.74%, 16.74% or 20.74% variable
0% for the first 18 months (then 12.74%, 16.74% or 20.74% variable)
An 18-month 0% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
$495
16.74% variable
0% for the first 15 billing cycles (then to variable)
Mastercard Black Card members receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
$195
16.74% variable
0% for the first 15 billing cycles (then to variable)
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
$995
16.74% variable
0% for the first 15 billing cycles (then 16.74% variable)
Earn points every time you spend. Luxury Card enhances your purchasing power by providing you with one (1) point for every one dollar ($1) you spend. Every purchase gets you closer to the rewards you want.
$39
24.74% variable
Designed to help build credit history with no deposit required and access to benefits.
$75 annual fee for the first year ($99 thereafter)
23.9% variable
With this card you get a 23.9% Variable APR.
Up to
19.74% to 25.74% variable
Get 1% cash back rewards on eligible purchases including gas, groceries, and services such as mobile phone, internet, cable and satellite TV, terms apply.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Earn 10,000 Membership Rewards® Points after you use your new Card to make $1,000 in purchases in your first 3 months.
$0
14.99% to 24.99% variable
0% for the first 12 statement closing dates (then 14.99% to 24.99% variable)
Earn more cash back for the things you buy most.
$0
14.74% to 25.74% variable
0% for the first 15 months (then 14.74% to 25.74% variable)
Snag a $150 bonus statement credit after you spend $1,000 in the first 3 months
$0 annual fee for the first year ($95 thereafter)
17.74% to 24.74% variable
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
$450
17.74% to 24.74% variable
Earn 50,000 BONUS POINTS after spending $4,000 on purchases in the first 3 months from account opening* — that's $750 toward travel when you redeem through Chase Ultimate Rewards®.
$95
14.74% to 24.74% variable
0% for the first 12 months (then 14.74% to 24.74% variable)
15,000 Membership Rewards points after you spend $1,000 in the first 3 months of opening your account
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Earn unlimited 1.5% cash back on every purchase - it's automatic. No minimum to redeem for cash back.
$95
17.74% to 24.74% variable
Earn unlimited 2 points for every $1 spent on travel and dining purchases and 1.5 points for every $1 spent on all other purchases.
$0
14.74%, 20.74% or 24.74% variable
0% for the first 15 months (then 14.74%, 20.74% or 24.74% variable)
Earn unlimited 1.5% cash back on every purchase, every day
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Earn 5% Cash back in bonus categories up to $1,500 every quarter. Earn 1% Cash back on all other purchases.
$0
16.74% to 24.74% variable
for the first 12 months (then 16.74% to 24.74% variable)
An intro offer rewards cardholders with a $250 value (25,000 online bonus points) after spending $1,000 within the first 90 days of account opening
$0
16.74% to 25.49% variable
0% for the first 15 months (then 16.74% to 25.49% variable)
Jumpstart your financial fitness! 60 day introductory balance transfer offer, save on interest, and get your free monthly credit score.
$0 annual fee for the first year ($95 thereafter)
14.74%, 21.24% or 24.74% variable

Compare up to 4 providers

How to increase my chances of credit card approval if I’m a single parent

1. Compare your options

Just as there are many types of credit cards to suit different types of needs, there are many credit cards on the market that could be suitable and useful for a single parent. It’s important to compare the features, costs, terms and conditions in relation to your spending habits and financial situation.

2. Check the eligibility requirements before applying

Make sure that you meet the card’s eligibility requirements, which usually include:

  • Age. You must usually be at least 18 years of age to apply.
  • Residency. You must typically be an U.S. citizen, permanent resident or hold a valid visa.
  • Income. Most cards have a minimum income requirement which usually starts from $15,000. Some cards, if you refer to the previous section’s table, recognize government assistance payments as an acceptable form of income.
  • Credit score. Most cards require that your credit score be very good or excellent.

3. Organise the necessary documents

Apart from the standard documents (e.g. proof of identity and address, etc.), you will need to provide proof of income. You may use payslips, bank statements and documents from Centrelink (refer to table in previous section), but make sure to contact your card provider directly to discuss your specific circumstances and confirm the exact documents you need.

4. Understand common reasons for rejection

  • Bad credit history. It’s good practice to request a copy of your free credit score to ensure it looks good and there are no mistakes on it, or so you can find ways to improve it if it’s not ideal. Bad credit history is one of the major reasons why applications are rejected.
  • Too many applications. Making too many credit card applications can backfire on you, because each application leaves a black mark on your credit report that future credit providers often frown upon.
  • Insufficient income. Credit providers will consider your personal situation in its entirety, i.e. do you have sufficient income to be able to pay these future credit card bills, and do you already have existing debt to service?

Your credit card application will always be assessed as a whole, and lenders will take all pertinent factors into consideration when deciding if you are a low-risk borrower. Having a good credit score and proven history of paying your bills on time will help greatly, along with proof of consistent income, whether it be from employment or government assistance.

Don’t want a credit card? Consider a loan for single parents

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Adrienne Fuller

Adrienne Fuller leads the publishing team at finder.com. She has one goal: to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. When she's not helping folks save money, she's hiking with her two Catahoulas around her home in San Diego.

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US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info
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