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How much does your annual income have to be to get an credit card?
Wiki User
∙ 11y ago
Credit Card companies are not very predictable. If you go after them to get an application (say, walk into a bank and ask), it seems the standards are higher. If they come after you (ie. you are approached in a store) the standards are lower.
When I was a student making $10,000 per summer they rejected my application, but gave a card to my future wife when she made $2,000 per summer.
More important than your annual income, however, is what is called your "credit score." There are records kept about you regarding credit. If you have ever been late on a bill payment for anything (pretty much), it will bring down your credit score. If you have always paid on time, that causes your credit score to go up (even if you just made the minimum payments). How many other credit cards you have, or if you have another type of loan, will also affect it. (Generally, they don't want to see your total indebtedness including the full credit limit of any cards you have going over 40% of income).
Wiki User
∙ 11y ago
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How much does an American Express card cost?
There is no annual credit card fee for the American Express Card.
How much does your annual income have to be for a credit card?
You can start off building credit with Capital One; they have a VISA where you put up money of your own, and use the credit card similar to a debit card. Building credit history is the key. In the States even illegal aliens without social security numbers can get credit cards. Credit history is the key, lenders want to know you have a record of paying off your debts. Of course yearly income helps, as does history with a bank. Try getting a card with a bank you've had a relationship with for a while first. I've known people with salaries as low as $12,000 a year get credit cards.
What does the best credit card rate mean in practice?
The best credit cared rate means that the APR is low and does not charge much yearly. It is a standard way to say how much the credit card would cost and explain the annual percent rate.
How much money do i have to make to apply for Capital One?
Anybody can apply for a Capital One credit card. If you receive on and the amount of your credit limit will be determined on your income, your credit history, and your employment stability. Everyone who applies for a credit card will have to have their credit report reviewed by the bank they are applying to.
What is designed to function much like a revolving charge account?
Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.
How much does an American Express card cost?
There is no annual credit card fee for the American Express Card.
How much does your annual income have to be for a credit card?
You can start off building credit with Capital One; they have a VISA where you put up money of your own, and use the credit card similar to a debit card. Building credit history is the key. In the States even illegal aliens without social security numbers can get credit cards. Credit history is the key, lenders want to know you have a record of paying off your debts. Of course yearly income helps, as does history with a bank. Try getting a card with a bank you've had a relationship with for a while first. I've known people with salaries as low as $12,000 a year get credit cards.
What does the best credit card rate mean in practice?
The best credit cared rate means that the APR is low and does not charge much yearly. It is a standard way to say how much the credit card would cost and explain the annual percent rate.
How much money do i have to make to apply for Capital One?
Anybody can apply for a Capital One credit card. If you receive on and the amount of your credit limit will be determined on your income, your credit history, and your employment stability. Everyone who applies for a credit card will have to have their credit report reviewed by the bank they are applying to.
How much income do you need to get child tax credit?
In the UK Child Tax Credit can be paid to a family with an annual income below £58,000. The highest rate is paid to low income families with an annual family income below £16,040.In the US Child Tax Credit is available to tax payers and reduces the amount of total tax paid. Details are covered by IRS form 8812.. For married couples the credit is reduced for an adjusted gross income (AGI) above $110,000 ($55,000 if filing separately), or $75,000 for a single parent household. Low income families can claim Additional Tax Credit which will pay the credit even if the recipient does not owe any tax.
How do you calculate our annual income?
i am not good in maths, but generally we can calculate annual income by multiplying our monthly income by 12.. as if know how much is our monthly income.. similarly by multiplying, we can find annual income on behalf of weekly income, or daily income or even on hourly income...
How much is the annual income for an accountant?
The annual (yearly) income for an Accountant is about $49,000 But is you are experienced or good. You could get about $200,000.
What is designed to function much like a revolving charge account?
Most credit cards are designed as a revolving credit account. You spend money from the card and every month you pay it back so you can again use the money. That is why credit card have monetary limits based on you income and credit history.
How much is the average annual income in Turkey?
about 1200$
How much is a two percent purchase on a credit card?
It will depend on how much your credit limit is. For example, if your credit card limit is $500, a two percent purchase on your credit card would be $10.00
Can a person on a fixed income wages be garnished?
A person on fixed income wages can be garnished. The reason I know is because my friends father got his wages garnished because he borrowed to much money on his chase card. Her father has to pay back 35,000: that includes intrest. My advice is to not get a credit card and if you get a credit card, only use it for emergencies only because you do not want your wages garnished when you already have a fixed income.
How much does an accountant earn in Arizona?
In Arizona, the average annual income for an accountant is $48,000. The average annual income for an accountant in Ohio is $56,000.
