How can I get an unsecured credit card with no cash collateral? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

How can I get an unsecured credit card with no cash collateral?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

To issue an unsecured card, the bank asks for proof of income: either by transferring your salary to the bank, or by providing a salary breakdown certificate (HR letter), or, for the self-employed, by providing a commercial register and a bank statement.

You are then granted a credit limit that is usually 2 to 3 times your net monthly income (subject to a 50% debt burden ratio).

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