Chip Lupo, Credit Card Writer
@CLoop
The minimum salary for a credit card depends on the specific card, but you may be able to get approved for a credit card with an annual salary as low as $10,000 or so. While there is no official minimum salary requirement for a credit card, issuers are still required to ensure that applicants can afford monthly payments. As a result, your chances of approval are better with a higher income.
Credit card issuers’ minimum annual income thresholds are often hard to find, as most major issuers do not publicly disclose their requirements. Some do, however. For example, Capital One states in its application terms that a monthly income of at least $425 more than your monthly home payment is required to qualify for its credit cards.
Key Things to Know About the Minimum Salary for Credit Cards
Annual income is not limited to salary from a job
Your annual income may include salary from a job, along with things like retirement benefits, rental income and investment returns. It’s imperative that the income you report on the application is accurate. If you knowingly enter false or misleading information on a credit card application, you are committing credit card fraud, which is a federal crime.
Your age determines what you can report as annual income
Applicants under 21 years old can only report independent sources of income on a credit card application. Employment compensation, investment income, and even a regular allowance qualify, but a parent’s income does not.
If you’re over 21, you may include another household member’s income on the application, such as a spouse’s salary and other compensation if you have reasonable access to those funds.
Credit card requirements extend beyond salary and income
While salary and income requirements are a key consideration when you apply for a credit card, they’re just part of the equation. Credit card issuers will also look at your credit history, credit utilization, any recent inquiries and more when they review your application.

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