Credit Card "Annual Income" Or "Personal"?

For just about anything you want to get off your chest about credit cards.
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Centurion Member
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Location: US

Postby takeshi » Tue Dec 23, 2014 8:29 am

TransPrix wrote:I am not applying for a new card nor does this have to do with Chase. My situation is concerning my credit card company being capital one requesting updated information after five years of being with them.

Either way you can include income that you have full access to. It is unlikely that you have full access to 100% of your parents' income. Always keep in mind what you will provide as evidence should an income verification take place.

Green Member
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Location: USA

Postby TransPrix » Wed Dec 24, 2014 3:45 pm

I was reading this article which is which brough me to the conclusion fo adding my household income for the updated income information.

"Stay-at-home partners, graduate students, or folks without a conventional source of income can now apply for credit cards (& the sign-up bonus) again!

Just list your income as “maintenance” income or in the “other” category on the credit card application as long as you can use it to pay back your debt."

Although I am not applying for a new credit card anytime soon, capital one states

"Alimony, child support, or separate maintenance income need not be revealed, if you do not choose to have it considered as a basis for repaying your loan(s) with Capital One.Enter your annual income from all sources (e.g. fulltime, part-time, or seasonal jobs, self employment, any other available income, interest or dividends, retirement and public assistance)."

I want to say that I am very good with my fiances and have saved up alot in my bank account compared to others I know my age. Most of the money has been from past jobs, gifts, inheritance, selling things online, and helping people out with any issue they may have around the house or with their computers I never buy things I don't need and only spend on things I must have. I have always paid my bills in full always a week early and was never late. My credit scores from the three credit agencies average out to 710

Can anyone let me know if they are currently in a situation like mine, applied for a credit card or updated their income information on their current credit cards with household income and still live with their parents but also unemployed or a student? I understand the credit card act requires those under 21 to show proof of income but how about those who are over 21 and have had a credit card with a good credit score?

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