cashback

superstar_2

Do u need to have an income to have cashback CC? Are you eligible if you're FT student with no income other than student money?

Milarky

It should make no difference with a cashback card to any other - you are assessed on your general 'credit score' which takes some account of your circumstances (principally income of which you have some) and your outstanding borrowings (if the type picked up by a credit reference agency search - so your student loan may not be recorded, but don't quote me on that)

benf90

I'm a full time student but I do have a part time job. I was accepted for an egg money account based on my part time wages but I had had a regular egg card for a couple of years by that time so it probably helped that I was already a customer.

Generally, a student loan can't be counted towards your income because it has to be paid back. It's usually treated in the same way as any other loan, i.e. a debt and not an income.

It may be worth checking with each card provider though. If they ask for copies of your bank statements to prove your income they may be expecting some sort of wages/salary to credit the account.

** This whole post assumes when you say 'student money' you mean student loan? If not then even with just a part time job / irregular income you will still be able to apply for most cash back cards **

student100

Official student loan (and money given by parents etc) all count as income as far as credit card companies etc are concerned.

Student loan is not like other debts in that you only need to repay it once you've graduated and you start earning more than a certain amount.

benf90

student100 wrote: »

Official student loan (and money given by parents etc) all count as income as far as credit card companies etc are concerned.

Student loan is not like other debts in that you only need to repay it once you've graduated and you start earning more than a certain amount.

I'm not too sure if they can be classed as income so I stand by my original point of checking with each company.

Regardless of how it's going to be paid back it's still a debt.