Credit Cards

[variableResistor]

What appears to be the lowest income needed to get the amazon rewards visa signature card, US bank cash+ visa signature card or other visa signature card?

[j_casteel]

---

variableResistor wrote:

What appears to be the lowest income needed to get the amazon rewards visa signature card, US bank cash+ visa signature card or other visa signature card?

---

My wife's salary at the time of app was ~$57,500.

Her salary is quite a bit lower than mine, but she was approved for a higher initial limit b/c she has less baddies and her scores are a little higher.

Not sure if that's on the lower end of the salary range or not.

[YahComb]

5k lines are really not hard to attain, even with less than median income(which is under 50k per person in the usa) especially if you have relatively low living costs(rent mortgage whatever)

[kekrre]

---

variableResistor wrote:

What appears to be the lowest income needed to get the amazon rewards visa signature card, US bank cash+ visa signature card or other visa signature card?

---

Point: Chase will issue non-Signature Amazon.com Rewards [Platinum] Visas to those whom they do not feel they can extend $5k to (they may not give out Signature to people who are borderline $5k either - the CL requirement is probably separate from the score requirement). US Bank, on the other hand, will downgrade you to a different card if you can't get the Signature.

Data Point: Chase gave me (cold app) a $5k CSP World MC (presumably identical approval for Visa Signature) with an income of $30k. I had no cards at $5k (in fact, no cards even at $1500), but 5 years of history and an $8k auto loan about 60% paid, no negative information. If I had read up on this forum, I probably would have applied for the Freedom instead. As always, your mileage may vary.

Presumably, if you had assets with Chase (maybe $5k or so), or an established payment history with another Chase card (or both), they might be more willing to overlook lower income. I believe they make higher swipe fees off Signature/World cards, so they would want to issue one to you if they feel it's worth the risk. Some cards (CS, CSP, United Club, Marriot Premier, etc.) only come in Signature/World, so they won't approve you if you can't get $5k.

On the other hand, I wonder if my app would have been borderline for a World/Signature card had I applied for a card with a lower tier available, e.g. maybe they would have issued a Freedom Platinum Visa/MC at maybe $4k instead of "bumping" me up to $5k to approve me for the card. However, I wouldn't risk it if your profile isn't there.

[Dustink]

$36k if your credit is strong. Even less if your credit is very strong.

[OhioCPA]

Chase gave my son a Visa Signature with $25K income. Although his CL was $4,900.

[djrez4]

My brother got a CSP with what I have to imagine is almost no reported income.  He's in between undergrad and medical school right now, living at home, and without employment.  He just spends his time volunteering at clinics and charities (and playing video games) until it's time to start studying again.  He also has stellar credit - I have to imagine it's 760+ with an AAoA of 4 years on two Chase cards before the CSP.

[creditnocash]

i dont have any visa sigs or wm (my bank doesnt offer them) 

but i have 2 5k(one is the walmart store card and second is my bank card in my sig) cards and a bunch less from 500-5k. 

income is 32k 

no baddies besides inq and aaoa. 

[kevinjjc]

I think it has more to do with your credit experience rather than income.

[YahComb]

even if that so, not much experience is required. Chase gave me 5K (and 3k on freedom same time) when my 2 highest limit cards were 2K and 3K, and 2/6 cards at 12 months (other 4 were 6 months or younger)