I have just started working on getting my credit rating high so that I can qualify for a high rewards card. One thing I am concerned about, is if my FICO score is high, but I have a low income, can I still get high reward cards?
Thank you. I will try to find them.
All is possible with good credit. The only thing i think that is out of reach are really high limits on certain cards or lenders. Technically, i should be able to get a Chase CSR if i met lending criteria even if only the minimum line of 10k but with a low income i would need to mske sure everything was in order, low hps, under 5/24, and so on. That's just a example.
Reality is , with low income, we might not even really need super high limits just limits comfortable for our spend. My income is low but i have been approved by almost all the major lenders so you can do it. Any questions feel free to pm me or just ask here. Jago22 and i will help any way we can
Reality is , with low income, we might not even really need super high limits just limits comfortable for our spend. My income is low but i have been approved by almost all the major lenders so you can do it. Any questions feel free to pm me or just ask here. Jago22 and i will help any way we can
Thank you all so much. I am working hard to EVENTUALLY have really good credit so that I can get some good rewards. I had not actually checked my credit report before posting, and it is pretty bad. Some bills I thought my husband had paid were not[ we had divorced, later I found out he has Alzheimers and we are now back together but not married]I had a line of credit for $4500 that was maxed out. I paid that off entirely. I also have some baddies in the way of paid collections and late pay.Last month I got a secured credit card and a fingerhut account which is totally paid off. So, I am thinking that maybe, even with a lower income that I will someday be eligible for the good rewards cards, but not for a long time.
@vicky3vicky wrote:Thank you all so much. I am working hard to EVENTUALLY have really good credit so that I can get some good rewards. I had not actually checked my credit report before posting, and it is pretty bad. Some bills I thought my husband had paid were not[ we had divorced, later I found out he has Alzheimers and we are now back together but not married]I had a line of credit for $4500 that was maxed out. I paid that off entirely. I also have some baddies in the way of paid collections and late pay.Last month I got a secured credit card and a fingerhut account which is totally paid off. So, I am thinking that maybe, even with a lower income that I will someday be eligible for the good rewards cards, but not for a long time.
Welcome to My Fico.
I wish you much success in rebuilding your credit.
But the main point of my post is to say: May God richly bless you for being such a compassionate & caring soul.
It takes a great deal to be a caregiver, even more to care for a person with Alzheimer's or dementia and a great deal more love & kindness when it's an ex spouse.
You have my respect & encouragement!!
You must be a wonderful, kind human being!
Sending you many thoughts, prayers & love.
