Women Credit Cards That Don't Require Income Proof

Housewives, for generations, have played a critical role in managing household finances. The women in our family, from our grandmothers to our aunts and mothers, have been extremely resourceful with money. They have displayed remarkable resourcefulness and ingenuity when it comes to saving money, often stashing away cash in unconventional places such as almirahs, safe boxes, or the kitchen, or even money in FDs that no one was allowed to touch.

Despite their impressive financial management skills, housewives are often overlooked by traditional financial institutions and may face difficulty accessing critical financial tools such as Credit Cards.

However, it is crucial to recognize that empowering housewives with financial tools can have far-reaching effects, not only on their individual lives but on their families and communities as well. While housewives may have challenges accessing these resources, there is a silver lining.

Best Credit Card for Housewives
 

For housewives who face challenges in obtaining traditional Credit Cards, secured Credit Cards are a great choice. You do not need a substantial credit history and the documentation is minimal. All you need is a deposit that works as collateral.  

Premium Credit Cards like the FIRST WOW! Credit Card can be an excellent alternative. This card offers a range of benefits and privileges that make it a valuable tool for building credit and managing day-to-day expenses.

The most significant benefit of the FIRST WOW! card is its credit limit, which can be up to 100% of the FD value. This means that the cardholder's credit limit is tied to the amount of the fixed deposit they make. While many institutions offer a credit limit of up to 80% of the deposit value, FIRST WOW! Credit Card offers minimum 100% of the FD value while your FD continues to earn interest.

Other important benefit of the FIRST WOW! card is its welcome benefit, which offers up to Rs 1,000 as cashback for new cardholders. Additionally, the card offers 4X rewards on every spend, making it an excellent option for those who use their credit card frequently.

The card also provides access to over 300 merchant offers and discounts at over 1500 restaurants, helping cardholders save money on their day-to-day expenses. Furthermore, the card has no forex markup fee, which can be beneficial for those who frequently travel or make purchases in foreign currencies.

The card also offers several privileges, including a 1% fuel charge waiver, complimentary roadside assistance, personal accident cover, and lost card liability cover. 

Best Credit Card without income proof
 

The approval process for the FIRST WOW! Credit Card is relatively simple.

The applicant is not required to produce any documents – not even income proof to apply for this card. There are only some key requirements, which are mentioned below:

The applicant must be:

· An Indian citizen with a permanent address in the country

· At least 18 years of age

· Have a fixed deposit in their name with IDFC FIRST Bank in cumulative/re-invest and auto-renewed mode.

· The minimum FD amount required is Rs 2,000

In conclusion

A secured Credit Card can empower housewives and give them better control over their funds, making them more financially independent.

The IDFC FIRST WOW! Credit Card helps you grow your savings with 4x rewards on every spend and earn 7.5% interest p.a. on your FD. With no joining or annual fee, make the most out of your Credit Card. Get started today!

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.