When you apply for the new credit card, the credit card issuer takes many factors in consideration that includes the income , credit history , credit score , debt to income ratio and various other things. As some credit cards like airline or travel cards require heavy spending to vail the benefits but fret not , there are other best credit cards for low income earners. The rewards on these cards will match your spending habit and let you take full advantage of the benefits.
Thankfully, there are plethora of options that can fit well with the budgeting needs of the low-income earners. Without the stringent terms and conditions on the card along with no steeping annual fee the cards for low income earners offer multiple perks. Without further ado , lets jump straight into the details of the best credit cards for low income earners for 2024.
Table of Contents
Quick Overview – Best Credit cards for low income earners for 2024
- Chase Freedom Flex℠ – Best pick for earning multiple rewards
- Petal® 2 “Cash Back, No Fees” Visa® Credit Card – Great card for building the credit score
- Blue Cash Everyday® Card from American Express – Great pick for everyday spending with average spending
- Discover it® Student Cashback – Best bonus reward credit card for college students
- Wells Fargo Reflect® Card – Great pick for 0% APR to save money
Charting the Best Credit cards for low income earners for 2024
| Card | Sign-up bonus | Annual fee | Best for |
| Chase Freedom Flex℠ | $200 statement credit after you spend $500 on purchases in your first 3 months from account opening. | $0 | Earning multiple rewards |
| Petal® 2 “Cash Back, No Fees” Visa® Credit Card | $100 statement credit after you spend $500 in purchases in your first 3 months from account opening. | $0 | Building credit from scratch |
| Blue Cash Everyday® Card from American Express | Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months. | $0 | Everyday spending with average spending |
| Discover it® Student Cashback | Earn 5% cash back at gas stations and restaurants on up to $1,500 in combined purchases each quarter, then 1% on all other purchases. | $0 | College students |
| Wells Fargo Reflect® Card | 0% intro APR for 15 months on purchases and balance transfers from account opening (then a variable APR of 18.24% – 32.24%). | $0 | Saving money on interest |
Chase Freedom Flex℠
| Welcome Bonus | $200 |
| Annual Fee | $0 |
| Regular APR | 20.49%-29.24% (Variable APR) |
| Required Credit Score | Good to Excellent |
This card specifically with its great reward structure is at the top position of the cards among the best credit cards for low income earners. As it does not come with over inflated price tag of the annual fee charges so it is a must-have in your wallet . The high earning structure covers a long list of expenses that includes travel, dining, drugstores and much more. Although it’s not the easiest credit card to get with low income as it requires good credit score.
The rotating bonus categories of this card let users to gain rewards on the household spending. Furthermore for all the Chase specific users this card lets you earn 5% cash back on t travel purchased through the Chase Ultimate Rewards®.
Credit card Details of the No#1 best credit cards for low income
- As a sign up bonus this card lets you earn $200 with a minimum spending of $500 in the first 90 days of the Card Membership .
- Being the best credit cards for low income earners for 2024 , it lets you earn 5% cash back on combined spending of $12,000 on gas stations and grocery stores in the first year
- Earn 5% cashback on the quarterly rotating categories with a spending of $1500 in each quarter. This requires activation in each quarter.
- On travel that is purchased through the Chase Ultimate Rewards® , you get 5% cash back
- Get 3% cash back on all drug store and dining purchases
- Get 1% cash back on all the other purchases
Petal® 2 “Cash Back, No Fees” Visa® Credit Card
| Welcome Bonus | Not Applicable |
| Annual Fee | $0 |
| Regular APR | 18.24%- 32.24% (Variable APR) |
| Required Credit Score | Limited, Fair , Good, Excellent |
If you have limited to no credit then , the Petal 2 Cash Back credit card is the viable choice for you .Being in the list of the best credit cards for low income earners, you can easily check if you are preapproved without impacting your credit score. This soft pull will give you an idea about the eligibility of the card. Petal® 2 “Cash Back, No Fees” Visa® Credit Card is the easiest credit card to get with low income as the fees is light on the pocket.
The terms and conditions for the approval of the card is lenient . But for all those who have continuous record of missed payments and bankruptcy cannot vail this card. Moreover, the competitive cash back rewards make this a favorable option to manage your cash flow.
Credit card Details of the No#2 best credit cards for low income
- This card is best credit cards for low income earners as it comes with no foreign transaction and annual fees .
- You can earn 1.5% cash back on the qualifying purchases if and only you make 12 on time monthly payments
- With this card you earn 1% cash back on the eligible purchases right away
- On the qualifying merchant purchases , you can get a cash back of 2%-10%
- This card has the credit limit that is in the range of $300-$10,000
Blue Cash Everyday® Card from American Express
| Welcome Bonus | $200 |
| Annual Fee | $0 |
| Regular APR | 19.24%- 29.99% (Variable APR) |
| Required Credit Score | Good, Excellent |
This one is the highest rewarding category on the everyday purchases from the U.S super markets and U.S gas stations. The lucrative sign up bonus and 0% introductory APR compelled this card in the list of the best credit cards for low income earner. With a diverse set of features and offers, this card accommodates well with the needs and preferences of the users.
The statement credit for streaming subscription is of the greatest benefit of this card. Even in this way people with average income will be able to enjoy the streaming service purchases to watch with their family. The downside of this card is that it charges fee for transactions outside the U.S.
Credit card Details of the No#3 best credit cards for low income
- As an introductory offer you get $200 as statement credit with purchases of up to $ 2,000 in the first six months of the Card Membership.
- Being one of the best credit cards for low income earners, it lets you enjoy 0% APR on purchases and balance transfers and afterward variable APR is applicable
- Get 3% cash back on U.S Supermarkets with purchases of up to $ 6,000 annually
- Earn 3% cash back on the U.S online rentals with a spending cap of $6,000 per year and then 1% cash back
- Are you thinking to get a Disney bundle to enjoy streaming in a lost cost. This is made easy with the card as you get $7 back as statement credit once you spend $9.99 on eligible subscription fee payment through this card.
- Get $15 each month when buying the subscription from the Home Chef meal kit through this card
Best Credit Cards for Groceries for 2024
In an average household, the major expenses are for the groceries. The best credit card for groceries will let you earn cash back ranging from 3-6% depending upon the card you have chosen. The cards that are designed for the groceries usually charges minimal to no annual fee to facilitate a large user base. Most of the top grocery credit cards are also among the best credit cards for low income earners to offer valuable sign up bonus and other perks.
Discover it® Student Cashback
| Welcome Bonus | Cashback match |
| Annual Fee | $0 |
| Regular APR | 18.24%- 27.24% (Variable APR) |
| Required Credit Score | Fair to Good |
This credit card is particularly geared towards the student who want to build the credit score in the college days. Gain experience of managing your credit score with the help of best credit cards for low income earners for 2024. With no penalty APR and annual fee charges , this card offers 5% cash reward on rotating categories.
In brief, being the leading student card with the efficient reward program , college students should opt for this to build the credit line.
Credit card Details of the No#4 best credit cards for low income
- As an introductory offer, you can earn unlimited cashback match automatically at the end of the first year. In this way you can easily turn your $100 to $200. There no minimum spending limit for this welcome offer.
- Being one of the best credit cards for low income earners, it lets you earn 5% cash back on every day purchases like dining , grocery stores , gas stations and restaurants
- Get 1 % cash back on all the other purchases as well
- With one of the viable options in the list of best credit cards for low income earners for 2024, this card requires no credit score to apply.
- As Discover provides the ultimate security to the users so it will reduce the exposure of the information by helping you remove your personal data. This service is free to activate using the mobile application.
- With no annual fee, you can build your credit score responsibly with the passage of the time.
- One of the important benefit of best credit cards for low income is its 0% APR on purchases with in the duration of 6 months afterward variable APR is applicable
Best Student Credit Cards for 2024
The best student cards like Discover it® Student Cashback offer generous rewards that can redeemed as statement credit for gift cards, travel m, dining and much more. With no annual fee , it can help the students to save money to finance the university expenses in the near future. Moreover, the responsible use of the credit cards offers the opportunity to move to the better cards with higher limits.
Wells Fargo Reflect® Card
| Welcome Bonus | Not Applicable |
| Annual Fee | $0 |
| Regular APR | 18.24%, 24.74% , 29.99%(Variable APR) |
| Required Credit Score | Good to Excellent |
For all those who are looking for a balance transfer card, the Wells Fargo Reflect® Card is the perfect choice. With the long-extended intro APR period you can benefit to make big purchases through the usage of this card. Being one of the viable option, the best credit cards for low income earners for 2024 offer notable benefits not in the form of rewards but in the form of long Introductory APR Period.
Credit card Details of the No#5 best credit cards for low income
- Being one of the best credit cards for low income earners for 2024, you can enjoy 0% introductory APR for a long duration of 21 months on both purchases and balance transfers and afterwards the variable APR is applicable
- With this card you get $600 as cellphone protection benefit, if and only you pay your cellphone bill using the Well Fargo card
- By using this card, you can gain access to numerous deals for various merchants. This way you can easily earn the credit on dining, shopping and much more.
Best 0% APR Credit Cards
There are multiple credit cards that offer you the advantage to make big purchases and save on the balance transfer for a long duration of time. Wells Fargo Reflect® Card is one of those cards that offer you this huge perk for the duration of 21 months. Through the best 0% APR credit cards , you can gain the following perks:
- Save the additional money you have to pay for the interest charges
- Get better flexibility to manage your finances
- Have a higher chance to improve your credit score by on-time payments
Frequently Asked Questions
How to get a credit card with low income?
To get a credit card with low income it is preferable to go for preapproval credit cards. Once you go for a soft pull first it will save you from hard inquiry which will lower your credit score . Also, choose one of the best credit cards for low income earners for 2024 because they have no annual fee and better rewards to facilitate the users.
What is the easiest credit card to get with low income?
Petal® 2 “Cash Back, No Fees” Visa® Credit Card is easiest credit card to get with low income as it requires limited to no credit score.
