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I receive SSI once monthly. I really could use a credit card with a low APR. For use only when needed for emergencies.

[Thursday, April 26th, 2012]

As any other person you have right to own and use credit cards to buy what you need. If you make payments on the credit card, any proceeds from the credit do not affect SSI. But some credit card purchases and payments constitute an in-kind income which can reduce SSI benefits (according to the Social Security Administration). Also if you receive a prepaid credit card or gift card, it can count as an income, the unused balance of the card may affect SSI eligibility.
You can surely apply for a credit card with a low APR. But first you should know your credit score (you can do it through one of the major credit bureaus: Equifax, Experian or TransUnion). Note that all low APR credit cards are for people with good or excellent credit history. If you have no credit history, you can apply for a subprime credit. As long as you can pay your bills with the amount SSI gives you credit cards won’t be a problem.

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AcclaimVisa.com is an independent, advertising-supported web site. AcclaimVisa.com is compensated by the credit card issuers whose offers appear on our site. This compensation can impact how and where credit products appear on our site, including, for example, the order in which they may appear within product listings. AcclaimVisa.com does not offer, review or present all available credit offers.

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