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How You Can Apply For A Credit Card Without An Income

credit card minimum income

Want to enjoy rewards and savings with your daily expenditure but don’t have a credit card? Is the annual income requirement keeping you from applying for a card? If you’re a homemaker, a freelancer, a retiree or a student with no annual income, you can still apply for a credit card. That’s right, credit cards aren’t just for high flyers in the workforce. You can still enjoy credit card perks and benefits even if you don’t have an annual income.

Here are some cards you can consider applying:

MayBank eVibes Card

  • No annual income requirement
  • S$20 annual fee (waiver when you use your card)
  • S$500 credit limit
  • 1% rebate on all expenditure (no cap)
  • MayBank Treats discounts

The MayBank eVibes Card is one of the best cards out there for tertiary students and NSF men. Its $20 annual fee is waived when you use your card and its 1% rebate applies to all kinds of expenditure. There are no spending categories you need to take note of! What’s more, there is no cap on the rewards you receive and that means you’ll enjoy perks for every dollar you spend using this card.

Here’s the catch, though, you’ll only get a $500 credit limit. This is much lower than the typical credit card but seeing that this card is designed for students and NSF men, $500 is a pretty decent amount.


  • Annual income up to $30 000
  • Free annual fee
  • S$500 credit limit
  • 1% cashback on dining, entertainment, online shopping & telco (no cap)
  • No minimum spend
  • CIMB deals and discounts

Rarely will you find a credit card with an annual income cap. The CIMB AWSM Card is open to students, NSF men as well as working adults who are earning less than $30 000 a year. There is no annual fee for this card and you’ll even get a 1% cash back on dining, entertainment, online shopping & telco — basically categories you spend on a day-to-day basis. Owners of the card also get to enjoy special promotions on travel, dining in Singapore, Indonesia, and Malaysia!

Secured Credit Cards

Heard of secured credit cards? Unlike most credit cards you see in the market, these cards require a fixed deposit. Debt incurred by your card will be offset by the  fixed deposit, in the event of default. At the moment, secured credit cards in Singapore require a minimum fixed deposit of $10 000.

With a secured credit card, you’ll get to enjoy perks and rebates on a wide range of expenditures. That being said, you won’t be able to withdraw your fixed deposit in your secured credit card. The only way you can have access to the sum is to terminate your card and inform the bank to release the fixed deposit.

Credit cards in the market these days offer all kinds of perks but not everyone gets a chance to enjoy them, especially those who do not meet annual income requirements. If that’s you, don’t worry. The card options above are some you can look into. If you’re a student, a retiree or a NSF men and don’t meet the $30 000, you’ll still get dips on credit card perks. You just need to know which cards to apply!

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