The money.co.uk Low Income Credit Card is designed for those whose annual income is as little as £3,000. Its flexible approval process does not rely solely on employment income, so benefits, pensions, and other sources can be considered. Interest rates and credit limits depend on individual circumstances, but are generally in the higher APR range with lower starting limits, reflecting the lender’s cautious approach.

How to Apply: Step by Step

• Start by completing a quick eligibility check online, answering basic questions about your income and financial background.
• Review personalised card options and your likelihood of being approved, all without impacting your credit score.
• If eligible, fill in the application form with accurate personal and financial details. Submission can be done entirely online.
• You’ll receive a decision quickly—some applicants receive instant feedback, while others may wait up to one week.
• If approved, review the credit limit and rate offered, then activate your card to begin using it responsibly.

Advantages of the Card

One of the biggest advantages is the low minimum income, making the card accessible to many on benefits, those with part-time or irregular earnings, and even the unemployed.

Another pro is the simple online application, paired with a soft eligibility checker, meaning there is no risk to your credit record until you’re ready to proceed.

Consider the Drawbacks

Although easy to access, these cards almost always come with higher interest rates than mainstream options, making borrowing costly if you carry a balance.

Additionally, initial credit limits are usually low. This restricts your spending power and may not be suitable for larger expenses or emergencies.

Verdict: Is This Card Right for You?

If you are on a low income or recently unemployed but want to build your credit rating and access short-term credit, this offer is one of the best entry-level options in the UK. Make sure you review the interest rates and keep balances paid in full to avoid unnecessary charges.