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What are the Credit Cards with no minimum income requirement?

To the point Are you looking for a credit card with no minimum income requirement? Some credit cards in Canada have no minimum income requirement.

Why a minimum income requirement for some credit cards?

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No minimum income required for these credit cards

Within the three networks, many credit cards do not require a minimum income. Here are some examples.

American Express Canada Credit Cards

The American Express network provides credit cards to two institutions in Canada: American Express Canada and Scotiabank.

At Scotiabank, a $12,000 minimum income is required to apply for American Express cards, including the Scotiabank Gold American Express® Card.

On the other hand, American Express Canada does not require a minimum income to apply for an American Express credit card. Even for high-end cards like the American Express® Gold Rewards Card or the Platinum Card®.

In addition, the credit score may be lower than the one required by Mastercard or Visa credit card issuers.

The most popular cards that require no minimum income can earn you cash back, Aeroplan points, Marriott Bonvoy points, AIR MILES Reward Miles or Membership Rewards points.

And these cards are accepted in more places than you might think!

Here is a selection of 7 American Express credit cards with no minimum income required:

Mastercard and Visa credit cards

The Mastercard and Visa networks provide credit cards to many institutions in Canada such as BMO, NBC, Capital One, Desjardins, HSBC, MBNA, RBC or Scotia.

Your best chance of finding a credit card with no minimum income requirement at these institutions will be to look around:

For example, the BMO® CashBack® Mastercard®* for students or BMO® AIR MILES®† Mastercard®* for students have no minimum income requirement. However, the same non-student credit cards require a minimum income of $15,000.

The same is true for the National Bank’s Platinum Mastercard® or the HSBC +Rewards™ Mastercard®.

Here is a selection of 7 credit cards with no minimum income requirement from Mastercard and Visa:


To find your next credit card, you could use our credit card comparison tool (there is a filter for the income criteria).

As you can see, you don’t need to have a minimum income to start earning reward points.

Come to discuss that topic in our Facebook Group!

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