Proof of Income for the Cap 1 Journeys CC - Need Advice

[brikays]

Currently have a WF secured 500 ( since 11/12) with a 2% util. Always paid on time and hoping to graduate to unsecured in 04/2013.

Scores before applying for my Walmart card were myFICO TU 681, myFICO EQ 661 - Approved for Walmart on 3/8/13 @ 300 and called the backdoor # and got CLI to 500.

I also applied for the Cap1 Journey and got the 7-10 day message. I called the backdoor and the Rep said that I should be getting a letter so that I can send my proof of income. I mentioned that I'm a full time student and I do receive funds from my parents ( from outside the US) but I can send bank statements showing deposits and he said that, its ok to send statements. 

My question is, can I be approved for the Journey card for being a full-time student but with deposits/funds of about $70,000 a year? 

Thanks in advance!

[enharu]

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@brikays wrote:

Currently have a WF secured 500 ( since 11/12) with a 2% util. Always paid on time and hoping to graduate to unsecured in 04/2013.

@Anonymous before applying for my Walmart card were myFICO TU 681, myFICO EQ 661 - Approved for Walmart on 3/8/13 @ 300 and called the backdoor # and got CLI to 500.

I also applied for the Cap1 Journey and got the 7-10 day message. I called the backdoor and the Rep said that I should be getting a letter so that I can send my proof of income. I mentioned that I'm a full time student and I do receive funds from my parents ( from outside the US) but I can send bank statements showing deposits and he said that, its ok to send statements. 

My question is, can I be approved for the Journey card for being a full-time student but with deposits/funds of about $70,000 a year? 

Thanks in advance!

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Yes you can. It won't be a problem as long as you can show a steady pattern of deposits entering your account on a monthly/quarterly/yearly basis. it doesnt have to be depositted on that very exact day or month, just need to show there's a pattern of your parents wiring you money that is sufficient to cover all your expenses in that given period of time.

[NJTurnpike]

$70k allowance from your parents as a student. holy smokes! unless you go to some expensive private school you should be swimming in spare cash.

yes, your deposits on your statements should be fine for income verification.

[enharu]

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@NJTurnpike wrote:

$70k allowance from your parents as a student. holy smokes! unless you go to some expensive private school you should be swimming in spare cash.

yes, your deposits on your statements should be fine for income verification.

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im assuming he's an international student.

tuition fees are normally >30K even at public institutions for international students

Btw, I asked u some questions in the other threads!

[brikays]

Thanks for your responses....yes I do have all deposits showing on my statement and  Yes, I am an Int'l student. 

[brikays]

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@enharu wrote:

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@NJTurnpike wrote:

$70k allowance from your parents as a student. holy smokes! unless you go to some expensive private school you should be swimming in spare cash.

yes, your deposits on your statements should be fine for income verification.

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im assuming he's an international student.

tuition fees are normally >30K even at public institutions for international students

Btw, I asked u some questions in the other threads!

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enharu, i had no idea that you asked me a question in another thread. I'm a newbie here and have not seen your question. You may refer me to the question or just go ahead and ask me here.