Finding the best credit card might be difficult, especially if your income is low. It might be challenging to choose the credit card that will best meet your financial needs given the wide range of possibilities on the market. However, there are some credit cards that may be more suited for you than others if you make $20,000 each year.
It’s vital to keep in mind that credit cards have a variety of features and advantages before we go into specific credit cards. While some credit cards offer travel miles and points, others offer cashback advantages. Therefore, before choosing a credit card, it is crucial to understand your spending patterns and financial objectives.
The HDFC MoneyBack Credit Card is the first credit card that can be appropriate for people on a salary of $20,000 or less. People who want to receive cashback benefits on their regular spending should use this card. For every Rs. 150 you spend on the card using this one, you’ll receive 2 reward points. In addition, for every Rs. 150 spent on online purchases, you can get 4 reward points. A 500 reward point welcome bonus is also included with the card.
The ICICI Platinum Credit Card is a different credit card that would be appropriate for someone making $20,000 per year. People who want to accumulate reward points on their regular transactions should use this card. For every Rs. 100 you spend on the card using this one, you’ll receive 2 reward points. Additionally, for every Rs. 100 spent on groceries, restaurants, and shopping at supermarkets, you can get 5 reward points. Additionally, the card provides savings on dining, shopping, and travel.
Employees of the central government may find the SBI SimplyCLICK Credit Card to be a good option. For online shopping, this card offers incentives and privileges. For every Rs. 100 you spend on the card using this one, you’ll receive 1 reward point. In addition, online purchases from sites like Amazon, Cleartrip, BookMyShow, and others will earn you 5X as many reward points. Additionally, the card provides discounts on e-commerce, entertainment, and dining websites.
Finally, those making $20,000 a year may find the Citibank Rewards Credit Card to be a good choice. On all purchases made with this card, reward points are offered. For every 125 rupees you spend on the card with this one, you’ll receive 1 reward point. Additionally, when you shop in clothing and department stores, you can earn 10X more reward points. Additionally, the card provides savings on dining, shopping, and travel.
In conclusion, choosing the best credit card can be difficult. However, you can choose the card that best suits your needs by taking into account your spending patterns and financial objectives. The HDFC MoneyBack Credit Card, ICICI Platinum Credit Card, SBI SimplyCLICK Credit Card, and Citibank Rewards Credit Card are a few credit cards that can be appropriate for someone making $20,000 per year.