How much income do you need to get a secured credit card?

To get a secured credit card, you will need at least enough income to afford the card’s security deposit and minimum monthly payments. Most secured credit card offers do not specify a minimum income requirement, but all credit card applicants must demonstrate an ability to pay before being approved.

Some cards may determine your ability to pay in part by comparing your housing payments to your income. For example, the Capital One Quicksilver Secured Cash Rewards Credit Card requires your monthly income to be at least $425 more than your monthly housing payment.

A card issuer may also look at your debts along with your income to get a sense of your ability to make minimum monthly payments when you apply for a secured credit card, just like they would for an unsecured card. However, secured credit cards are some of the easiest cards to get approved for, even with a low income, since they require a security deposit that acts as collateral for your credit limit. The minimum security deposit is usually $200 or $300.

You can find a secured credit card to fit your needs by checking out WalletHub’s editors’ picks for the best secured credit cards.