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Best Credit Cards for Low Income Earners

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Created on
May 8, 2023


What’s Inside

Credit cards can be valuable for managing your finances and building a credit score. Still, typically they come with high fees and interest rates that make them inaccessible for low- income earners. But there are credit cards for low-income earners available. In this blog, we will talk about the features of credit cards for low income and whether you should have one.

What is a low- Income Credit Card?

A low-income credit card is designed for people with a monthly income of below INR 25,000. As a result, such cards offer a lower spending limit than other credit cards.

Features of a low-income credit card

  1. It has no annual fee or a very minimal annual fee.
  2. The interest rates are lower than other credit cards.
  3. It provides less spending limit than other credit cards, which can be increased depending on the spending habit.
  4. It offers basic features, including online account management and fraud protection.

Top Low-Income Credit Cards Available in India

SBI SimplySAVE Credit Card

SBi offers a special credit card service that fits students and the elderly alike. It provides plenty of discounts on outlets and petrol pumps, which is more likely preferred for people with a low income.


  • Provides INR 100 cash back on the first ATM withdrawal if done within 30 days of receiving the card.
  • The card is accepted in over 24 million outlets worldwide and 3,25,000 in India.
  • Allows a 1% fuel surcharge at all petrol pumps.
  • Provides ten reward points per INR 100 that can be used in dining, movies, grocery etc.


  • People belonging to age 21-60 can apply.
  • The applicant should have a stable monthly income to apply.

2. HDFC Moneyback Credit Card

HDFC has been one of the top-performing banks in India. It has various services for low-income customers, including credit cards and personal loans. The Moneyback credit card for low income earner lets them use the cashback points as payments towards their current bill.


  • Get attractive gifts and offers on flight bookings.
  • Get twice the amount of reward points on your online shopping.
  • Allows a 1% fuel surcharge at all petrol pumps.


  • People aged 21-60 for salaried people and 21-65 for self-employed people can apply.

3. Fi 5% Credit Card

If you’re looking for a credit card for low income earners India, then Fi can provide you with the ideal service. It’s a fully insured card with plenty of cashbacks and discounts, focusing on millenials trying to get their finances in order.


  • Welcome offer includes exclusive vouchers from top brands worth ₹5,000.
  • Offers five times more rewards on three brands selected by you and two times more on all other brands out of India’s top 21 brands.
  • Offers airport lounge access, low forex fee, instant issuance of the credit card, customised reminders, spend insights and much more.

Why Fi 5% Credit Card?

  1. Fi has partnered with Federal Bank, a licensed credit card issuer, to provide the co-branded credit card, and it follows all the security standards applicable as per regulations.
  2. Low-income earners can apply for this credit card.
  3. Offers the best deal across brands in India.
  4. 1% Forex markup.


Customers with low income need not get discouraged when trying to obtain a credit card to fulfill their financial needs. We hope this guide gave you plenty of insight into how to get a credit card for low income earners. If you’re one of those, don’t forget to check out Fi credit cards for the best dicsounts and a guaranteed 5% on all transactions.

Frequently Asked Questions

How can I get a low-income credit card?

To get a low-income credit card, you may examine the bank’s other services and plans that assist low-income groups. You may need to provide proof of income or employment proof, such as a salary slip and meet specific credit score requirements.

Which credit card is best with a low salary?

Fi 5% Credit Card is ideal for individuals who earn less than INR 25,000 per month, as it allows airport lounge access, low forex fee, instant credit card issuance, customised reminders, spend insights and more.


Fi Money is not a bank; it offers banking services through licensed partners and investment services through epiFi Wealth Pvt. Ltd. and its partners. This post is for information only and is not professional financial advice.
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