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Do I make enough money to get a credit card?

Find out and compare options with low minimum income requirements.


When you apply for a credit card, your income is an important eligibility requirement that the issuer will use to assess your ability to repay. Minimum income requirements are typically around $15,000 a year.

What are minimum income requirements?

Minimum income requirements are the lowest amount of money you need to earn before tax per year to apply for a credit card.

You will find a different minimum income requirement for different types of credit card, such as standard, black and platinum.

Credit card income requirements help issuers reduce the risk of lending and allow them to offer you products that are appropriate for your financial circumstances. In turn, you can use these requirements to help you choose and apply for credit cards that suit your individual needs.

How can I find out what the requirement is?


Some issuers include this information on their websites or product pages so you can double-check before you apply for a particular credit card, while others might ask you about your income before you apply for a card.

If you can’t find minimum income requirements for a particular card, you can try calling the issuer to ask about your eligibility.

Why are some income requirements so much higher than others?

The relationship between income and credit cards can influence a wide range of credit card features, from the credit limit and interest rate of the card right through to complimentary extras or rewards programs. In general, cards with high minimum incomes will have a lot more features than low income credit cards, but there are still many different credit cards you can choose from if you make a relatively low income.

Other factors that affect your credit card application

Credit card issuers weigh up a range of other factors before approving or denying your request for credit, including:

  • Age. You must be at least 18 years of age to apply for a credit card.
  • Credit rating. Your credit history or credit rating outlines details of your current and previous loans, cards and other credit accounts (such as utilities).
  • Residency status. While credit card issuers generally prefer people who are citizens or permanent residents of New Zealand, there are some credit cards available for people with temporary residency status. These cards may have higher minimum income requirements to help meet lending standards.
  • Employment status. Having full-time employment might make you more likely to be approved for a credit card, but you could still be eligible for some cards if you work part-time or casually or are self-employed.
  • Income vs expenses. When you apply for a credit card, you may have to provide information about your current income, spending habits and any existing debts to help issuers determine whether or not you can manage more credit.

Credit card income requirements help issuers assess the risk of lending and give you an idea of what cards are available to you based on your financial situation. So, now that you have a better understanding of minimum income requirements, you can compare and apply for a card that fits your needs.

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