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Job Title & Salary Information on Credit Card Application

New Contributor

Job Title & Salary Information on Credit Card Application

Does the job title that you list on a credit card application have any real impact on getting approved? Same quesiton goes for the salary. Thanks!

Message 1 of 11
10 REPLIES
Valued Contributor

Re: Job Title & Salary Information on Credit Card Application

Salary yes. Job title no.
2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Message 2 of 11
Established Contributor

Re: Job Title & Salary Information on Credit Card Application

IMO they just use the job title as a security question sometimes.  Salary information on the other hand is one of the most important things lenders consider when you apply.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Message 3 of 11
Established Contributor

Re: Job Title & Salary Information on Credit Card Application


WJL wrote:

Does the job title that you list on a credit card application have any real impact on getting approved? Same quesiton goes for the salary. Thanks!


  Your credit score, credit history and recent inquiries will be given the most weight.  Your salary will be taken under consideration as well but your job title won't carry any weight IMO.

Message 4 of 11
New Contributor

Re: Job Title & Salary Information on Credit Card Application

Thank you everybody! In regards to recent inquiries, would they look at the number of inquiries, type of inquiries or both?
Message 5 of 11
Established Contributor

Re: Job Title & Salary Information on Credit Card Application

And the salary is gross pay, not net. I always have to explain that since I work overseas they are almost the same thing.


What's in my wallet: Cap1 Venture NFCU Sig Visa Delta Gold Amex BCE Citi Simplicity IHG World MC Amazon Visa CSP
Starting Score: 5/2010 550-ish
Current Score: 6/20/2013 TU 800 6/20/2013 EQ 770 6/20/2013 EX 775
Goal Score: 800 accross the board
Message 6 of 11
Established Contributor

Re: Job Title & Salary Information on Credit Card Application

Nobody has ever checked on my stated salary that I know of. What would keep someone from exagerating their salary by a large amount? I know AMEX sometimes checks but others it seems they never do. That's why I alwaysa have figured that income has less to do with most decisions than we think.

Message 7 of 11
Valued Contributor

Re: Job Title & Salary Information on Credit Card Application


compassion101 wrote:

Nobody has ever checked on my stated salary that I know of. What would keep someone from exagerating their salary by a large amount? I know AMEX sometimes checks but others it seems they never do. That's why I alwaysa have figured that income has less to do with most decisions than we think.


Sometimes lenders will ask for your paystubs, or in Amex's case they'll demand your 4506-T via a FR. However once you become more established, your current CLs will likely reflect your income. For example my Chase United card has a 25k limit. If I applied for a new CItibank card and they see that, they can reasonably assume that my income is fairly high (given Chase is a conservative lender). If my highest CL was 3k and I claimed my income was 500k, that would raise some red flags. This is why your existing CLs play into what you get when you apply for new credit.
EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Message 8 of 11
Moderator Emeritus

Re: Job Title & Salary Information on Credit Card Application

Job title can impact job security. The higher you are on the totem pole; the more likely you are to be let go.

An executive has a less stable job than a janitor.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
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Message 9 of 11
Moderator Emeritus

Re: Job Title & Salary Information on Credit Card Application


webhopper wrote:
Job title can impact job security. The higher you are on the totem pole; the more likely you are to be let go.

An executive has a less stable job than a janitor.

I like that one!

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 10 of 11