Credit Card: No proof of income? You can still get a credit card—find out how..

Credit cards have become essential in today's world, used by people even for their daily needs. When you apply for a credit card, banks require various documents, such as proof of income, credit score, and proof of residence. Upon submission, the bank assesses your ability to repay the credit card bills. However, since not everyone possesses formal proof of income, the question arises: can you still get a credit card without it?

Why is proof of income necessary?

Reports suggest that obtaining a credit card without proof of income is difficult. However, some factors allow banks to issue cards without it. Proof of income is a crucial document for banks as it reveals your financial status and helps determine your credit card limit.

Getting a credit card without proof of income
If you lack proof of income, you can easily apply for a "secured credit card." This card is issued against a fixed deposit (FD) held with the bank. The FD minimizes the bank's risk, as they know that if you are unable to repay the credit card dues for any reason, they can recover the amount from your FD account.

Another option

You can also obtain a credit card without proof of income by utilizing a bank's "add-on card" facility. Under this arrangement, an add-on card is issued linked to a primary credit card.

Let's understand this with an example:

Suppose you already hold a credit card, make timely repayments, and have a good CIBIL score. In such a situation, if you wish to get a credit card for your wife but she lacks proof of income, you can ask the bank to issue an add-on card in her name linked to your existing card.

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