Is it necessary to update income information?

[Anonymous]

I recently received another raise at my job bringing my annual income from $35,360 to $37,876. Is this worth changing and updating this information with my creditors?

Also, since 37,876 is such an odd number to remember would it hurt if I ever rounded it to $38k in the event I applied for new credit?

Thank you kindly for the information.

[mdd0214]

I don't think you need to update every time, but it might make sense if you're going to app for a second card with same lender. I recently received 4506 form from Citi on a new app since I used $10k more in income on the new app. I wasn't anywhere near max exposure with them, especially since I had actually closed other cards with them a few months before, and given the amount of the open credit and the differences in income on my account profile and the app, the only thing that could have occurred is the new income amount was flagged automatically. 

I would round that to $38k without worrying on it further.

[Anonymous]

@mdd0214
Thank you so much! I really appreciate your help.