Credit cards for people on low income

When you’re on a low income, it can be difficult to get access to credit. Fortunately, there are reputable credit cards, like marbles, designed for your situation.

In the past, credit cards were only accessible to those with regular incomes and perfect credit histories. In recent years, however, lenders have made their products more adaptable to a wider range of circumstances. If you have a low income there are credit cards specifically designed for you.

Perhaps you’re just starting out or you simply want a card to make important purchases. Whatever your situation, when used responsibly, a credit card can be a helpful way of building a good credit history for the future.

Check your eligibility

It helps to understand whether you may be accepted before applying. One way to do this is by checking your eligibility before you apply. marbles offers a free FastCheck service – it’s free, easy to use and won’t affect your credit rating. Try it for yourself and find out whether you could be accepted before you apply.

You could also check your credit report. Each of the main credit agencies – Experian, Equifax and Callcredit – offer free access to your credit report, sometimes for a trial period. Review your files carefully and contact the agency if you spot any mistakes.

Things to be aware of

An unsuccessful application for a credit card will leave a mark on your credit file and may make it harder for you to get credit in the future. Plus, the more applications you submit, the more desperate for credit you’ll appear. If you’re new to credit cards, read our guide to getting a credit card for the first time.

If you have a low income, you may be only able to apply for cards with higher APRs. So, when considering a credit card, make sure you can afford it, and aim to pay off your balance on time and in full each month to avoid incurring interest.

A good way to build your credit rating – and potentially gain access to better rates in the long run – is to use your marbles credit card for small, regular purchases, but always pay off your monthly balance in full. The card may have a potentially positive effect on your credit rating and you’ll avoid paying interest altogether.

Representative Example:

Interest rate for purchases34.9% P.A.(variable)
With a representative34.9% APR(variable)
Assumed credit limit£ 1,200