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Credit card without proof of income: Can you get a credit card without a job? here is the answer

Sagar Patel

By Sagar Patel

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Can I get a credit card without a job? here is the answer

The trend of credit cards has increased rapidly due to online shopping. Credit cards have made people’s lives much easier. Those with a job or proof of income can easily get one, but can those without a job also get a credit card? If you also have the same question in your mind, tell us if you can get a credit card even without a job. If so, then how…

Can I get a credit card without a job?

Those who have proof of income can easily obtain credit cards. Banks and financial institutions that issue credit cards prioritize applications from these people. Those who have a stable and good salary. Proof of income is required for the credit card. But those who cannot provide the necessary documents, such as proof of income, such as self-employed people, students, homemakers, or retired workers, sometimes also need a credit card. In the absence of proof of income, one may have difficulty obtaining a credit card. But somehow you can also get the benefit of credit card. Let us know how…

You can get a credit card in FD

You can use your FD to get a credit card. Proof of income is not required for this type of option. Banks or financial institutions easily issue credit cards in FD. This type of credit card is called a secured card. In this case, you can get a credit card using FD as collateral. The limit of this card can be up to 90 percent of the amount deposited in the FD account. Interest continues to be earned on the FD; In case of delay or non-payment of bills, the bank adjusts the outstanding FD amount.

Additional credit card

Husband and wife can apply for an additional card. In such a situation, the credit card limit is divided equally for both the primary (husband) and secondary (husband) cardholder. For example, if the limit of the card is Rs 1 lakh, then in such a case, the husband can use up to Rs 50 lakhs for the payment and the wife can also spend the same amount. If a parent wants to get an additional card for a child under 18, they can replace their primary card and get an additional credit card.

This card is granted by parents to children under 18 years of age. If you apply for a loan with this card, the responsibility will fall to the primary credit card holder. Think of it as parents accepting extra credit cards for their children. Any loan is obtained from this complementary credit card. It is the responsibility of the primary cardholder to repay this loan. Through this option, you can get an additional card for your wife or child without proof of income.

Secured credit card

A secured credit card is a better option for those who don’t have a full-time job, are self-employed, or don’t have proof of income. To get a secured credit card, you must deposit funds as collateral. This amount serves as a security deposit for the credit card. In case the repayment is not made on time or there is a default, the fund is used to pay the outstanding amount.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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