How to apply for a credit card with proof of income
In some cases, the process is simpler. HSBC Premier customers may be able to apply without showing proof of income. You may also skip the income checks by applying for a supplementary card.
This guide explains the usual income rules and how these exceptions work.
What proof of income do you need for a credit card?
You need to provide your personal information and a recent bank statement to prove your income for a standard credit card application. This statement must clearly show your income for the last 3 months, or 6 months if you earn a commission.
A bank statement records all transactions in your account. It displays your expenses, income, invoices and service payments. Your minimum monthly net income must be:
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VND6 million for Vietnamese customers
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VND40 million for foreign customers
It's important to note that only the account holder can request and provide these bank statements.
Find the perfect HSBC Credit Card for you
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 just a few steps.
Get a statement at a branch
Bring your identity card to the bank where you receive your income and ask the staff to print a statement. Check the document carefully for the teller's stamp and signature.
Download your statement online
If you use online banking, log in to your account. Go to the transaction history or account lookup section, select the time period, and download the file.
Register for an HSBC payroll account
If your income goes into an HSBC payroll account, you don't need to submit a separate bank statement. Registering for an HSBC payroll account also gives you an extra 2% cashback on supermarket and online spending with the HSBC Cash Back Credit Card and HSBC Live+ Credit Card.
Ways to apply for a credit card without proof of income
You can open a credit card without proof of income in two ways: by becoming an HSBC Premier client or by applying for a supplementary credit card. These options let you bypass standard income checks.
1. Become an HSBC Premier customer
HSBC Premier customers can open a credit card with a limit of up to VND1 billion without showing proof of income. To qualify, you must be an HSBC Premier client or secure your credit card with one or more HSBC Time Deposits in Vietnamese dong.
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To be eligible, you must deposit a minimum monthly income of VND6 million into a bank account.
2. Apply for a supplementary credit card
Primary HSBC credit cardholders can give up to 4 HSBC supplementary credit card to immediate family members. This include a spouse, child, parent or sibling. Supplementary cards require no income proof and share the same benefits as the primary card. The annual fee is waived for HSBC Premier Credit Card supplementary cards.
To be eligible for a supplementary credit card, you must be:
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A close family member of the main cardholder
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At least 15 years old (if a parent is the primary cardholder), with valid ID
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No more than 74 years old
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Authorised by the primary cardholder
If you're a foreigner staying in Vietnam, your ID and proof of residence must be valid for at least 2 months from the time of card application.
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How to register for a credit card without proof of income at HSBC
HSBC Premier customers
Existing Premier customers can contact their dedicated Premier Relationship Manager for application support. New customers can leave their details online for the Premier team to assist them.
HSBC supplementary credit cards
You can apply for a supplementary card at the same time as the primary card or later.
If you apply after the primary card is issued, download the supplementary credit card application form. Prepare a two-sided copy of your ID card, resident card or passport. Include proof of address if you live at a different address from the primary cardholder. Submit these documents at any HSBC branch.
If you apply for both cards at the same time, complete the full credit card application online or in a branch. Fill out the supplementary registration section and provide the necessary documents.
Interest rates and late payment fees for supplementary cards are the same as the primary card. The primary cardholder pays an additional annual fee from year two onwards, and they are responsible for paying the full credit card balance.
Find out more: How to apply for an HSBC credit card online
Frequently asked questions
Can I get a credit card if I'm paid in cash?
For a standard credit card, banks usually ask for a bank statement that shows regular income payments. If you're paid in cash, you may need to deposit that money into your bank account on a regular basis, or choose a secured credit card instead.
Do foreign applicants need different documents to apply for a credit card?
Yes. If you're a foreigner in Vietnam, your ID and residence proofs must be valid for at least 2 months from the time of card application. You also have a higher minimum income requirement of VND40 million.
Who pays the balance on a supplementary credit card?
The primary cardholder is responsible for paying all balances and fees on any supplementary cards linked to their account.
This article is for reference only. For the latest HSBC product policies, please visit our product pages from the Homepage.
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