I applied for a credit card three months ago and lied about my income to get approved. I said I make 100k when I actually make like 3k. I've never missed a payment and the limit is only 300$. Should I be worried?
Likely by not being a nigger and lying about their income on the application.
The bank knows OP lied and that he's likely financially inept so they toss him a starter card with a limit that posses essentially zero risk to them. Basically they see him as a walking interest payment
Lying seems fucking retarded desu.
They can see your approximate networth... They can see your average deposits... They know you don't make $100k a year because your account has not had more than $1000 in it at any point in time LOL
also they know an autistic beta doesn't do "consulting" or whatever OP lied about
I got 1000$ after I had a low paying low hours job for like 2 years, I probably could have convinced her to go up to 1500$.
The first month I had that card I bought all of my christmas presents and nearly maxxed it the fuck out. Good thing I'm not an idiot and paid it all back in full asap.
Even if you're applying for a card with a bank that you don't have a savings account with it simply boils down to
>hmm why does the child making 100k/a not have a single line of existing credit
>seems legit to me!
Lololol they rekt you so hard and you don't even realize it. Even my "student" card at zero income was $500.
Why would you ever put 100k?
The only way that they could prove you dont make that much is if they go through the IRS.
You could always claim it is your parents' income, and that they pay your bills.
>applied for a Citibank double rewards card
>card came with 13000 limit
>called Citi, said my Chase and Wells Fargo cards have 20k limits
>credit risk rep gave me an instant approval to 16k
Pic related- Feels good to know I can buy a car using my credit card.
>he's too poor for a no-limit Amex
>he thinks being approved for $50k credit at 30% is good
Rate your credit cards /biz/
USAA AMX - 5000$ limit 5% cash back on gas kicks ass 5/5
Chase Amazon - 1500$ limit 3% cash back at amazon and 2% at restaurants 4/5
Paypal Smart Connect - 1500$ limit Good for traveling to foreign countries and importing anime figurines from Japan 3/5
As a recent migrant to USA with no credit history I opened a bank account and wired $35k to it. I asked if I should apply for a credit card to start building credit since that's a 'thing' in USA and they advised me to wait 6 months so I can have some sort of established record with the bank. After 2 months I got antsy and applied for a card online and was approved for $800 - clearly a 'sympathy' gesture.
6 months later I went into the bank and complained that $800 is not usable and they asked how high I want my limit and I said $2000 as I didn't want to push my luck too much and it was approved...
I was told to be patient and the bank will raise it automatically but it's been over a year now and nothing.
I don't really care either way BUT the real kicker?
My wife grew up in USA so has an established (and apparently good) credit rating since I paid off her student loans. SHE applied for 2 credit cards and was approved for both @ $13k each = $26k total credit. She put down MY income and clearly noted that she was unemployed at the time.
So yeah, with NO credit history, even when I put $35k in a checking account and show evidence that I earn over $100k, they gave me $800 and then $2000 credit. Pathetic really.
You need a credit history. Just literally anything. All I had to do was go to a furniture store, buy $500 worth of furniture, and finance it through the store. I paid it off, instant good credit.
The credit system in America is retarded though. Wells Fargo wouldn't give me a $5000 car loan, but they would approve me for $6000 on my first credit card the same day. Thats with about $35k income. But they would approve me for a $150k home loan a couple months later? I don't completely understand it.
TL;DR Just build your credit by getting small loans and pay them off. It takes time, but it's worth it
I opted for flying miles instead of credit raises,
100m here i go