Can I get a CC if earning less than 10K?

Jan06

I am currently on maternity leave and have a 0% card (Halifax One Card) that ends in October. I will be returning to work part-time and will only be earning £6,500. Am I likely to get another 0% finance card in October based on this salary or should I apply now when technically I'm still full time and on £14,500?
I have had a look at a few cards and they have a minimum salary of 10K.
I am only using the cards to pay off my debts and do not use them for purchases. I currently have £4,000 debt.

worto03

I had one when I was on a YT scheme many moons ago.

It worked out to about £2000 a year salary & they gave me a credit card!

It only had a £500 limit though.

It was 11 years ago too so I'm not sure how relevent any of this info is nowadays. I think I'd apply for a 9 or 12 month one now to be on the safe side then you can always try again further down the line.

worto.

---lee---

Welcome to MSE :j

In short, I would get one now.

The lenders tend to be picky with their best deals. I've got no doubt that you could get another card in October but it may have a very high APR. Paradoxically, the lenders tend to give higher APR's to those who can least afford it. Normally the only difference between standard, gold and platinum cards is that they charge less interest, the better the card. Normally the better cards require higher incomes.

If you are trying to pay your card off, you may also want to consider going for a low life of balance card (LOB). You can read more about them in Martin's article.