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Established Member
wilson382
Posts: 44
Registered: ‎11-28-2013
0

income amount vs credit cards limits or CLI?

Hello, Everytime i ask for a cli they ask me for my income info and i say 35k but I dont got documents to prove that if asked because im self employed.

 

do you think there range between income and how high limit a person can have acording to his income. ?

 

Senior Contributor
Walt_K
Posts: 3,065
Registered: ‎11-02-2009
0

Re: income amount vs credit cards limits or CLI?

Yes, income is considered in setting a limit, but like anything else, it is not the only factor.

 

Do you file taxes?  You can use your tax returns to prove your income.


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Valued Contributor
user5387
Posts: 1,794
Registered: ‎07-01-2010
0

Re: income amount vs credit cards limits or CLI?

If you have high scores, sometimes you can get good CLs with a low income.

 

An example is a $15K CL with a $25K income.

 

Regular Contributor
Gatortrout
Posts: 124
Registered: ‎08-17-2013
0

Re: income amount vs credit cards limits or CLI?

LOL so you don't even file taxes? Wow.

Even if you are not filing taxes I suppose you could show them deposits of you have a bank account.

Why do you not have documemts/file taxes?
Established Member
wilson382
Posts: 44
Registered: ‎11-28-2013
0

Re: income amount vs credit cards limits or CLI?


Gatortrout wrote:
LOL so you don't even file taxes? Wow.

Even if you are not filing taxes I suppose you could show them deposits of you have a bank account.

Why do you not have documemts/file taxes?

no, I dont file taxes at the moment, i will in the future of course

Regular Contributor
too-much-time
Posts: 165
Registered: ‎08-20-2010
0

Re: income amount vs credit cards limits or CLI?


user5387 wrote:

 

If you have high scores, sometimes you can get good CLs with a low income.

 

An example is a $15K CL with a $25K income.

 


 

I would love to hear more about it!

 

Established Member
wilson382
Posts: 44
Registered: ‎11-28-2013
0

Re: income amount vs credit cards limits or CLI?


too-much-time wrote:

user5387 wrote:

 

If you have high scores, sometimes you can get good CLs with a low income.

 

An example is a $15K CL with a $25K income.

 


 

I would love to hear more about it!

 


me too

Valued Member
blackhawk2
Posts: 34
Registered: ‎10-11-2013
0

Re: income amount vs credit cards limits or CLI?

Some peoples' total CLs are higher than their annual income. Income is certainly a factor in your CLs, but it is not a cutoff.

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MidnightVoice
Posts: 8,161
Registered: ‎03-25-2007
0

Re: income amount vs credit cards limits or CLI?


blackhawk2 wrote:

Some peoples' total CLs are higher than their annual income.


If you add in all the unused cards I have because I used them for interest free loans, then my CL is higher than my income

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Regular Contributor
ksantangelo23
Posts: 142
Registered: ‎09-23-2013
0

Re: income amount vs credit cards limits or CLI?

As it was said, income is not the only factor in having your credit limit set.

 

Best example I can give is my grandmother; she has a total credit limit of ~$65,000, with a $16.7K income.

 

 

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