Can I apply for a credit card if I'm unemployed?

You need to receive a regular income to be approved for a credit card in Australia. Some credit card providers will consider applications when you receive payments from Centrelink, including Family Tax Benefit A and B, the Age Pension or Carer's Allowance (but not usually JobSeeker). Others may require you to be employed by a business or self-employed. If you're retired when you apply for a credit card, you will need to provide evidence of income from superannuation, the aged pension and any other assets. Check the card's eligibility criteria or contact the financial institution directly if you have questions about your circumstances.

Can I apply for a credit card without proof of income in Australia?

No. Your income is one of the key factors that lenders use to figure out if you'll be able to pay back what you spend on a credit card (or any other line of credit). This is because all credit card providers must follow consumer credit laws and meet responsible lending requirements. So they need to get accurate details of your financial situation – including your income, assets, debts and regular expenses.

What is the lowest limit I could be approved for on a credit card?

Minimum credit limits in Australia typically start from $500, which means this is the lowest limit available. But some cards have higher minimum credit limits. Choosing a card with a lower minimum credit limit can help you meet the eligibility requirements when you have a low income.

What is considered a low income?

A low income can broadly be defined as earning less than the average or median income in Australia. Data from Finder's Consumer Sentiment Tracker in October 2024 found the average personal income was $60,342 per year, so earning less than this could be considered a low income.