Just Started Working? Here's How To Get a Credit Card Without Income Proof

Have you just started a new job and begun earning an income but haven't had a chance to build a credit score? If so, you might have a tough time getting a credit card. We understand it can be frustrating to wait months before you can start enjoying the benefits of having a Credit Card. But don't worry! There is a way for you to get your first premium Credit Card without income proof or a high credit score.

Secured Credit Card

One great option for you is to apply for a Secured Credit Card. A Secured Credit Card is a type of credit card where the borrower furnishes an asset to the bank as collateral. In simpler terms, a secured credit card is a type of credit card where you put money in a bank deposit as collateral.

The IDFC FIRST WOW! Credit Card is a deposit-backed premium credit card. If you have a fixed deposit with IDFC FIRST Bank, it can be linked to the FIRST WOW! Credit Card as a lien. Credit card limits are determined by the value of the linked FD. And the good news is that the linked FD continues to earn interest income while you use it!

So, if you have an FD with IDFC FIRST Bank, you can get your FIRST WOW! Credit Card immediately.  

Who can get a FIRST WOW! Credit Card?

· You must be an Indian citizen with a permanent address in the country,

· You must be at least 18 years of age,

· You must have a fixed deposit in your name with IDFC FIRST Bank in cumulative/re-invest and auto-renewed mode,

· The minimum FD amount required is Rs 2,000

How to get a FIRST WOW! Credit Card
 

You can get your FIRST WOW! Credit Card without income proof and with zero documentation! Just click on the “Apply Now” link, fill out the application form and disclose your FD amount. The bank contacts you for further verification to conduct the digital KYC formalities. Once the process is completed, your FIRST WOW! card reaches your doorsteps in a few days.

The FIRST WOW! Advantage

With secured credit cards, you get a credit card against fixed deposits without steep income or credit score requirements. However, it gets even better with the FIRST WOW! Credit Card, there is no joining fee on this card. There are no membership fees or annual charges which makes the card free for life. Other stellar benefits include:

· Welcome benefit of up to Rs 1,000 as cashback,

· 4X rewards on every spend,

· Over 300 merchant offers and discounts at over 1500 restaurants,

· Zero forex markup fee,

· Credit limit of up to 100% of the FD value,

· Privileges like 1% fuel charge waiver, complimentary roadside assistance, personal accident cover, lost card liability cover and more.

When you have no income proof or CIBIL score, a secured credit card is the best option. With the FIRST WOW! Credit Card, you will enjoy premium benefits on your very first credit card. Use the IDFC FIRST Mobile Banking App to convert your transactions into easy EMIs, withdraw cash from ATMs interest-free, and manage it all seamlessly. Get ready to be FIRST WOW-ed 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.