A Credit Card for People on Social Security Disability

Sunday, January 5th, 2014
Updated: January 5th, 2014
The content is accurate at the time of publication and is subject to change.

A lot of people are using credit cards nowadays. Ones find credit cards necessary to build credit history. The others cannot imagine their lives without credit cards. Many things like renting a car, booking a hotel room and even every day purchases are thought next to impossible without a valid credit card.

But what to do when your income is limited to Social Security disability payments? Can you get a real credit card, not a prepaid card?

While some credit card companies and banks can be reluctant, the others may issue you a credit card. It may be very difficult to qualify for a credit card though.

You will need to show your income and expenses. All sources of income will count. And your rent or mortgage expenses along with other debt will be considered as well. These things do matter to creditors. They want to insure you will be able to repay timely.

Fortunately, there are some ways to get a credit card you need.

Start with the bank where you already have your checking or savings account. Ask for an application for its credit card. Often it is easier to qualify for a credit card if you have existing relationship with a bank.

If your rent/mortgage payment does not exceed one-third of your income, you may get approved for a general unsecured credit card.

Consider a secured credit card if you do not qualify for a general credit card. You will be required to deposit money into a bank account to secure your credit card. This deposit will be used as collateral against your credit line. The creditors usually refund the security deposit if you close your account and pay your balance in full.

When you get a credit card, you should use your credit card responsibly. Try not to charge on your card more than 30% of your available credit limit. If you pay off the balance on your credit card every month, you can avoid paying interest.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Bad Credit Card News

Wednesday, December 27th, 2023

Credit cards allow you to pay for everyday or large purchases and have a small window to pay them off. All purchases made during the billing period of 28 to 31 days are added to your statement balance. After the end of each billing cycle, you receive a statement with your total balance owed and […]

Wednesday, June 22nd, 2022

If you have less than a perfect credit, a limited credit history, or recent derogatory marks on your credit report, you may have trouble applying for many of the credit card options currently available on the market. But there is another way to prove that you can handle credit responsibly: a secured credit card. Since […]

Monday, February 7th, 2022

On the threshold of the most romantic holiday, WalletHub published the results of the so-called Valentine’s Day Spending Survey. 1,000 men and women from across the U.S. participated in the poll. The questions concerned not only the expenses and expectations before February 14, but also how the financial situation may affect a relationship. The most […]

Sunday, June 28th, 2020

The numbers of co-branded credit cards have grown again. It seems that any more or less large company now strives to launch its own credit or at least debit card. Just remember the Apple Card. This time it’s Verizon’s turn. Starting today, June 26, its new Verizon Visa Card is officially released and available for […]

Thursday, January 23rd, 2020

As a new online Bankrate survey of almost 2,5 thousand respondents shows, 84% of Americans face financial product denials. The bigger part of millennials (22-36 years old), namely 58%, was rejected for a credit card or another credit product at least once. The reason is their bad credit score.

Best Credit Offer
Surge® Platinum Mastercard®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 BestCreditOffers.com All Rights Reserved.

*See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by BestCreditOffers.com. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The BestCreditOffers.com webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. BestCreditOffers.com does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the BestCreditOffers.com website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.

BestCreditOffers.com makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that BestCreditOffers.com may be compensated by the credit card issuers when the readers apply for a credit card through this site.

BestCreditOffers.com is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. BestCreditOffers.com does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.