Personal Finance

Credit Cards for Low Income Earners and Centrelink

If you are on Centrelink or a low income earner there are a few options in terms or qualifying for a credit card or even personal loan. Lenders look at numerous factors to determine a borrowers risk level and ability to service credit. Some of the criteria that is analysed include; credit history (good/bad/none), employment history, employment (if any), income to debt ratio, etc.

Depending on how you fair across these factors will determine the outcome. If Centrelink is your sole source of income, getting approval for a credit card may be challenging. That being said, depending on your specific circumstances on why you’re on Centrelink…you may still qualify.

There are numerous reasons to apply for a credit card, including some of the following; the ability to hire cars, travel, emergencies, consolidation of debt, etc. Below are a variety of options for different potential solutions.

If you are in need of money, options include.

Debit Credit Card – This is essentially an official credit card which can be used for travel, car hire, reservation holds, etc. The main difference here is that it only uses money you have in a bank account that is attached to the card. It is not a line of credit like with traditional credit cards.

Prepaid Credit Cards – Similar to the debt credit card, these can be purchased or ordered from banks and other designated locations. Unlike the debt credit card which is attached to a bank account, these cards are purchased with the amount that you’d like to have on them.

General Credit Card – You don’t know if you don’t try. Contact your bank to see if they have any products that may fit your needs and that you qualify for. If you don’t qualify, get the reason(s) on why you didn’t. Depending on what they are, you may or may not want to apply elsewhere.

The above are some of the main credit card options available for people on Centrelink or on a low income. If you are just in need of cash and it doesn’t need to be a credit card, learn about some loan options for people on Centrelink and/or low income earners here.

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  1. Guleed
    June 28, 2019 at 4:37 pm — Reply

    I want to apply for a credit card low income such as centerlink a fortnight payment of $600 is there a chance i can get credit card

  2. Christopher
    August 31, 2019 at 3:26 am — Reply

    I want a credit card but I am on ceintlink and may credit righting is not the best can you lead me to a credit card

  3. Ebonee
    October 8, 2019 at 4:48 am — Reply

    I need too borrow roughly $5000 for house furniture.

  4. Shannon
    December 15, 2019 at 8:02 am — Reply

    I want to get a credit card but I am on Centrelink and have bad credit

  5. Simmone
    January 15, 2020 at 2:17 am — Reply

    Hi I am after a credit card in purpose to improve my credit history as well as in need of moving.

  6. Nathan Charles Austin
    January 16, 2020 at 8:15 am — Reply

    I need to borrow $1500 to purchase a vehicle’s

  7. Shilo
    January 27, 2020 at 2:20 am — Reply

    Looking for a 500$ loan

  8. Ashley
    February 16, 2020 at 6:20 am — Reply

    I would like a credit card

  9. Jereldene
    March 7, 2020 at 11:18 am — Reply

    I would like a credit card

  10. Samy
    March 20, 2020 at 11:16 pm — Reply

    Hi . I would like to apply for credit card . I ‘m carer get centrelink payment Can i apply or not . Thanks

  11. Daryl Roy Forbes
    March 31, 2020 at 11:24 pm — Reply

    Sorry my phone cut out and I didn’t save. I am on the disability pension and I am looking for a credit card I get $964.71 a fortnight can you help me.

  12. Yvonne LeSage
    April 3, 2020 at 7:37 am — Reply

    Can I apply for a credit card to use because so many businesses now want you to pay with cards because of covid19? I am on Newstart allowance

  13. July 4, 2020 at 8:16 am — Reply

    Can I apply for a credit card on a jobseekers allowance on centrelink

  14. Brenda Engleby
    July 5, 2020 at 2:08 am — Reply

    Im on centrelink and have part dsp and part workers compensation following a bad accident in 2018.My bills are always paid on time can you help .i would like a credit card.

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