When asked for how much you spend every month on CC

[Anonymous]

I was asked how much money I spend on a credit card each month and this was the first time I have been asked this question. I said $400, the question did not apply to the card that I was applying but a general question I assume. In such a case what is the best number to give?

I felt like if I gave a high number I would have made myself look like a risk or a low number and get a low CL or denied.

[Anonymous]

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@Anonymous wrote:
I was asked how much money I spend on a credit card each month and this was the first time I have been asked this question. I said $400, the question did not apply to the card that I was applying but a general question I assume. In such a case what is the best number to give?

I felt like if I gave a high number I would have made myself look like a risk or a low number and get a low CL or denied.

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How about giving a number that is what you spend?  Honesty tends to be the best approach.

[SecretAzure]

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@Anonymous wrote:

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@Anonymous wrote:
I was asked how much money I spend on a credit card each month and this was the first time I have been asked this question. I said $400, the question did not apply to the card that I was applying but a general question I assume. In such a case what is the best number to give?

I felt like if I gave a high number I would have made myself look like a risk or a low number and get a low CL or denied.

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How about giving a number that is what you spend?  Honesty tends to be the best approach.

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Sounds harsh but realistically, that is what you should give. In reality, they can use that number however they want.

IE:

Scenario 1) You spend only $400 per month? We'll give you a 3K CL so you don't go overboard

Scenario 2) You spend $400 per month? That's a low so we'll give you a 5K CL so you can rack up interest and we can make money off of you

It really depends on each individual lender and what they're looking for at the time.

[Anonymous]

Put down the maximum you would spend.

[Anonymous]

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@SecretAzure wrote:

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@Anonymous wrote:

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@Anonymous wrote:
I was asked how much money I spend on a credit card each month and this was the first time I have been asked this question. I said $400, the question did not apply to the card that I was applying but a general question I assume. In such a case what is the best number to give?

I felt like if I gave a high number I would have made myself look like a risk or a low number and get a low CL or denied.

---

How about giving a number that is what you spend?  Honesty tends to be the best approach.

---

Sounds harsh but realistically, that is what you should give. In reality, they can use that number however they want.

IE:

Scenario 1) You spend only $400 per month? We'll give you a 3K CL so you don't go overboard

Scenario 2) You spend $400 per month? That's a low so we'll give you a 5K CL so you can rack up interest and we can make money off of you

It really depends on each individual lender and what they're looking for at the time.

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This is true but from a swipe-fee driven perspective, they probably want a high but realistic number. I would just tell them your combined monthly expenses, even the ones you don't pay by card.

[Anonymous]

i put 1.5k but its what i spend most of the time.

[Skye12329]

I always feel this is a trick question almost a double edged sword mainly due to if you do put a high amount due to running all your bills it could possibly lead to a better credit line but it could also seem as a possible risk too from my POV

[Anonymous]

This question is usually optional so I leave it blank .