My spouse does not have good credit, so the Navy Go Rewards card is in my name only. I am going to go for CLI and 2nd card this month. I would like to show more income and include my spouses when I apply so that they may give me a higher limit. So I started researching this and it seems according to the " Card Act ". as indicated on doctorofcredit.com permits this. I would like feedback on this. If they require me to document income I would have to include hers then, but don't want them to think I am lying. I guess I could point to this Regulation Z to say I thought it was acceptable.
Under regulation Z - On November 4th, 2013 the CFPB announced that this restriction would be changed. If a credit card applicant is over the age of 21 years of age credit card issuers are able to consider third party income (e.g income that a spouse or partner earns/household income) when making lending decisions as long as they have a reasonable expectation of access to these funds. This means your partner (or yourself if you’re not the primary income earner) can list household income on their credit card applications.
