CC Applications: Can I list future year income?

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jayz24
 
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CC Applications: Can I list future year income?

Postby jayz24 » Wed Apr 16, 2014 9:50 pm

I'm a graduating college senior hoping to apply for a Chase Freedom CC. As a student, my current income is rather low, but I've already signed my contract for my new job starting in September, which definitely has a high enough salary to get me approved.

What number can/should I list for gross annual income? What I earned in the past year, what I'll earn this current year, or my salary figure from my job?

Thanks!


darkguy2
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Postby darkguy2 » Wed Apr 16, 2014 10:31 pm

You could probably get away with your full income. If they ask you can provide proof.
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thom02099
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Postby thom02099 » Thu Apr 17, 2014 9:36 pm

jayz24 wrote:I'm a graduating college senior hoping to apply for a Chase Freedom CC. As a student, my current income is rather low, but I've already signed my contract for my new job starting in September, which definitely has a high enough salary to get me approved.

What number can/should I list for gross annual income? What I earned in the past year, what I'll earn this current year, or my salary figure from my job?

Thanks!


If you can document it, use it!
Retired, and in the process of retiring cards!
EQ = 846 EX=828 TU = 836 as of 02/2016

MemberSince99
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Postby MemberSince99 » Fri Apr 18, 2014 6:53 am

I agree. Whatever you can show you've earned.


It's not likely they will ask for proof but if they do, and they find you've lied, not only can they shut you down, but it's also (believe it or not) some sort of fraud crime that can be prosecuted (and I read of a case of someone being prosecuted for it, though granted it's rare).


So put whatever you can prove. Then you're covered.

JoDa
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Postby JoDa » Sat Apr 19, 2014 10:07 am

I've listed my full salary for the next year before after raises/promotions, but I had already received a paycheck or two at that salary, and could provide a pay stub listing that salary if asked. Since you're months away from starting that job, if they asked for proof, you might get in trouble (versus if you applied two days after starting that job and provided the contract as proof, I don't think they could claim you lied since you're working in the job that has agreed to pay you that much). Do you *really* need the card now, or could you wait a few months?
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samhradh
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Postby samhradh » Sat Apr 19, 2014 7:36 pm

If it were me, I would put my future income. Especially if I have a document from the company stating the salary I will be earning.
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Troublemaker
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Postby Troublemaker » Fri Apr 25, 2014 11:13 pm

jayz24 wrote:I'm a graduating college senior hoping to apply for a Chase Freedom CC. As a student, my current income is rather low, but I've already signed my contract for my new job starting in September, which definitely has a high enough salary to get me approved.

What number can/should I list for gross annual income? What I earned in the past year, what I'll earn this current year, or my salary figure from my job?

Thanks!


If you have an offer letter (and it sounds like you do) then go for it!
DoubleCash '99:10k / Freedom '07:11k / CU '11:15k / Slate '14:13k / Premier '15:10k / InkPlus '15:5k

Topspot
 
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Postby Topspot » Tue Sep 16, 2014 8:19 pm

How did this turn out for you? I want to sign up for the barclays arrival card so I can use some of those points for my honeymoon, which is between when I graduate soon and when my job starts. I have accepted a job offer that pays very well, but I am afraid of be accused of fraud.

MemberSince99
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Postby MemberSince99 » Wed Sep 17, 2014 6:49 am

In thinking more about this, I would not list "future" income. In this economy, companies can and do change so fast it makes your head spin, and that offer they gave you today might not be there tomorrow as your division gets sold or your department gets offshored to Slavewagia.

Darrvao777
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Postby Darrvao777 » Wed Sep 17, 2014 7:05 am

jayz24 wrote:I'm a graduating college senior hoping to apply for a Chase Freedom CC. As a student, my current income is rather low, but I've already signed my contract for my new job starting in September, which definitely has a high enough salary to get me approved.

What number can/should I list for gross annual income? What I earned in the past year, what I'll earn this current year, or my salary figure from my job?

Thanks!


Depends on the credit card company. When I graduated, I had a nearly 10 fold increase in salary and applied for a Penfed card

Needless to say I got flagged and was asked to show proof. I offered to send over my signed, sealed, and delivered two year contract and they still refused. Wanted to see actual paystubs

Oh well, moved on to bigger and better companies :-)
- Fidelity Visa
- Citi Double Cash
- Amazon Prime Store Card
- Chase Sapphire Reserve



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