Credit score vs income?

[Anonymous]

I have a capital one card with a $500 limit that I have had for three years and they have never raised my credit line and denied my requests to do so. I also get no rewards. I have two other store credit cards with a 0 balance and a limit of 1100, and 1500. I never use those store cards so even if I were to max my capital one credit card I would still only be using 15% of my total credit. I have a credit rating of 750 but only make about $8000 a year, most of my money is made from student grants and scholarships. I am interested in getting a credit card with a higher credit line and perhaps some benefits. I am not looking to max anything out, I just want that cushion in case I ever find myself in a financial emergency. Would I be able to get a credit card with my credit score but low income? Do you have any recommendations such as blue cash AMEX? Should I list my pell grants as income? Thanks.

[amp0804]

I'll try to help you out since no one has responded yet. You can try Amex, maybe blue or blue cash? As far as your income I don't see why you can't list your loans and grants. You are technically using that money to live so all in all it is income. I listed mine as income when I was in school. As far as capital one? I have had a capital one card for 6 years and never received a cli. To this day my limit stays at $500. Some people get lucky.

[Anonymous]

Yea ..I always had this question as I too have low income but I'm still studying and working part time (10,000) a year but since I just started my credit unlike The OP I was waiting for after six months to ask this.

[Walt_K]

While I couldn't say for sure, I don't think loans or grants count as income. 

No idea whether you would be approved for Amex as I don't think I understand this stuff well enough to guess, but your scores seem fine.  Try their preapproval link and see if you come up with anything.

You could also look at a student card. 

Basically, I don't think you should be trying to fudge your numbers to get a higher CL.  Just find a good student card (or Amex or whatever) that will grow with you.  Doesn't sound like you really need the higher CL right now anyway.

[Anonymous]

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@Walt_K wrote:

While I couldn't say for sure, I don't think loans or grants count as income. 

No idea whether you would be approved for Amex as I don't think I understand this stuff well enough to guess, but your scores seem fine.  Try their preapproval link and see if you come up with anything.

You could also look at a student card. 

Basically, I don't think you should be trying to fudge your numbers to get a higher CL.  Just find a good student card (or Amex or whatever) that will grow with you.  Doesn't sound like you really need the higher CL right now anyway.

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+1