Banks will usually ask you to provide income proof documents when you apply for a credit card. However, not all customers can meet this requirement, so credit cards that don't require proof of income are also available. To help more customers hold credit cards, banks have different policies to help customers apply for credit cards without proof of income.
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Who would apply for a credit card without proof of income?
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Common ways to apply for an HSBC credit card without proof of income
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Other ways to open a credit card without proof of income
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Additional details when applying for a credit card without proof of income
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How to register for a credit card without proof of income at HSBC
Who would apply for a credit card without proof of income?
Normally, a credit card application requires you to provide complete personal information, of which proof of income is the most important, and a basic necessity for opening a credit card.
Specifically, HSBC will ask you for bank statements showing your last 3 months of salary (or 6 months for salary with commission) if you're a salaried employee. Also, your minimum monthly net income should be VND 6 million for Vietnamese customers and VND 15 million for foreign customers.
Find out more:What do I need to apply for an HSBC credit card online?
For this reason, banks have different policies for customers who want to open a credit card without proof of income.
HSBC no longer supports customers to open credit cards without proof of income. However, you can quickly apply for an HSBC credit card online in 6 simple steps. How to apply for an HSBC credit card online.
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Common ways to apply for an HSBC credit card without proof of income
HSBC no longer supports customers to open VISA and Mastercard credit cards without proof of income.
Here are the different ways you can apply for a credit card without proof of income, and details of how you become eligible for each option.
Apply for a supplementary credit card
Applying for anHSBC supplementary credit cardis also a good choice when you can't provide income proof but love enjoying our exclusive promotions, cashback or reward programs.
What is a supplementary credit card?
A supplementary credit card is basically an additional credit card that is issued under the primary credit card. Depending on the bank, the primary cardholder can give a supplementary credit card to an authorized user, who can be a direct family member (parent, child, sibling), spouse, or even a trusted friend.
HSBC credit cardholders can only give supplementary credit cards to first degree relatives - i.e immediate family members including spouse, children, parents and siblings. The number of HSBC supplementary cards that can be issued under the primary card is capped at 4.
You could suggest someone in your family signs up for a credit card (if they're qualified) and then registers you as a supplementary cardholder. They can apply for an HSBC supplementary credit card at the same time as the primary card or after the primary card is issued. Supplementary cards have the following benefits:
- no income proof needed
- same card benefits and rewards structure as the primary credit card
- annual fee waiver for the supplementary card ofHSBC Premier World Mastercard® Credit Card
Your supplementary credit card's credit limit
HSBC supplementary credit cards don't have a separate credit limit - they share the credit limit of the primary card.
This means that you can't decide your credit card limit or card type, which will depend on the primary cardholder.
For example, an HSBC Visa Cash Back primary card was issued with a supplementary card. The main card limit is VND 50 million shared for both primary and supplementary cards. If the primary card has already used VND 30 million, the supplementary card can only continue to use the remaining VND 20 million of the credit limit.
One thing you need to keep in mind is that all your transactions on the secondary card will be recorded on the same statement as the primary card. This makes it easier to track spending on the card.
Eligibility
If you want to apply for a supplementary credit card at HSBC, you must be:
- a first-degree relative of the primary credit cardholder (legal spouse, children, parents and siblings)
- 15 years old or older and have identification if your parent is the primary cardholder
- no more than 74 years old
- authorized by the primary cardholder as the supplementary cardholder
If you're a foreigner, you need to have had a residence permit in Vietnam for at least 12 consecutive months when applying.
Use an HSBC Visa debit card
You can open a debit card at HSBC without proof of income. Even better, there are many attractive offers when you use both debit and credit cards from our bank.
How to apply for an HSBC Visa Debit card:
Step 1: Visit an HSBC branch or transaction office.
Step 2: Request an HSBC Visa debit card. If you have not had an HSBC VND account, you also need to ask to open one at the same time.
Step 3: A new debit card and the default PIN will be issued by the Bank if all requirements of debit card issuance are satisfied.
Everything is in one HSBC VISA Debit card. Register now!
Additional details when applying for a credit card without proof of income at HSBC
Interest rates, annual fees, late payment penalties
For the HSBC supplementary credit card, the primary cardholder will incur an additional annual fee for the supplementary card. This annual fee will vary from year two onwards depending on the type of credit card. Interest rates and late payment fees for HSBC supplementary credit cards are the same as for primary cards and paying the credit card balance will be the responsibility of the primary cardholder.
How to register for a credit card without proof of income at HSBC
You would save much time when going to our branches for opening account and making deposits.
Not yet an HSBC credit cardholder?
Apply quickly so you don't miss HSBC's cashback offer worth up to VND 1.8 million!
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HSBC supplementary credit card
For the supplementary credit card, you can register for it at the same time as the primary card or after the primary card has been issued by following these steps:
Apply for a supplementary credit card after the primary credit card has been issued
- Step 1:Download and complete the HSBC supplementary credit card application form
- Step 2: Prepare a copy (2 sides) of your ID card or citizen card or a copy of your passport if you're a foreigner and address proof if you don't live at the same address as the primary cardholder
- Step 3: Submit your application form at any HSBC branch or transaction office
Apply for a primary credit card and a supplementary credit card at the same time
Method 1: Complete and submit the full credit card application online with details of the supplementary cardholder in the Supplementary Credit Card Registration section.
Find out more: How to apply for an HSBC credit card online
Method 2:
- Step 1: Complete the credit card application form via HSBC branches, HSBC website or other channels with details of the supplementary cardholder in the Supplementary Credit Card Registration section.
- Step 2: For primary cardholders, prepare a list of necessary documents to open an HSBC credit card. For supplementary cardholders, prepare a copy (2 sides) of your ID card or citizen card or a copy of your passport if you're a foreigner and address proof if you don't live at the same address as the primary cardholder
- Step 3:Go to the nearest HSBC branch to submit the completed application
We hope the article helps you to understand about applying for a credit card without proof of income. Remember that whether it's a regular credit card or a credit card that doesn't require proof of income, it's important to understand the fees, benefits, and to determine which is the best option for you.
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