What is the minimum income most credit card companies will accept before issuing activated cards?

Answer 1

It depends on the company.

For example, generally Discover requires a minimum of $15,000 a year. Chase generally requires a minimum of $14,400 a year.

But those are prime cards and you can expect to have at least that much for a minimum with primes.

Some other good cards, Orchard and HSBC, while not prime are still good builder/rebuilder cards: I don't know if they even have a minimum. I'm sure they do but it is probably fairly low.

Answer 2

It varies, but whether you get a card is never based on income alone!
Credit applications usually ask your monthly rent/house payment, and usually looking for an income about 3 times that amount. However, they also take into account how much you have in checking and savings accounts (or whether you have them or not), whether you have any other outstanding debts/loans (car and student loans, unpaid or late bills, other credit cards), or whether or not you have established credit (and for how long).
If you don't have any or limited credit experience (less than a year and half), expect to have a low limit and high interest rates!

Answer 3

Income is not an important factor in issuing the card. It is important in determining your credit limit.

Answer 4

The lower the better. The credit card companies want you to be in the debt cycle with them.

Answer 5

income plays a part in your being accepted or not. usually whatever your income is, your max limit will be based off that. usually anything around 20-25k is the "minimim" amount needed for income. this salary is generally or damn near minimum wage. higher your income, higher your limit.