If you’ve ever applied for a credit card, you probably remember the box in which you entered in your annual income and whether you had a checking or savings account (or both). Well, did you know that the annual income box on most applications actually says annual household income and that you can include all the income that comes into your home? It’s legitimate as long as you start legitimate in the number you enter in.
For example, if you are married, you can include your spouse’s income in that household income box. If your kids earn money and are a dependent, then they can be included as well. By entering in the highest legitimate amount you can, you get the best credit card terms you could possibly get, including more favorable interest rates, higher balances, etc.
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