household income credit card app.?

Question

on credit card applications they always ask for "household income" .. i dont get it, if they wanted to know MY income, they would ask "what is your income" .. but they dont, they ask what is the income for my household.. are they just retarded and want to know the income of all the people who live in your house and dont care if its not your income or what? im going to apply for a credit card soon, so thats why im asking... is it ok to just put down the income for everyone in my house? what about situations such as if you have a roomate? is there any way they can even verify this or that it could get a person in trouble?

Answer 1

from what I know credit card companies don't know how much you make so whatever amount that you put on the application to them is real. Credit card companies can only look at your credit report, they don't have the right to find out how much you make. If you want to compar credit cards go to http://www.creditcardmate.com also you can go to http://www.hotloansources.com to get free tips and advices on credit

Answer 2

Well for me it was a blessing.
I dont work and wanted to establish some credit of my own.
My husband makes a decent salary so I was able to use 'his' income and they gave me a limit that was more than I could have qualified for when i WAS working. I dont know how they could verify what I said. He was no where on my application and I wasnt even sure what kind of money he really makes from month to month(sales job)
I guess my point is that they put that question on there for people like me who get some income by 'default'.
As I was answering it I was also thinking that they were trying to see if the answers made sense....for example they ask you if you rent or own.
Well if you say you own a 500k house yet you make 45k then that does not really add up and needs further investigating. I wasnt sure and since it worked in my favor I didnt question them.

Just my opinion but I would put down the household income since it is obviously more than what yours would be if you just put down your own....They will probably give you a higher limit based on it.
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