What is a credit card?

What Can I Put For Annual Income On My Credit Card?

• I have had a Capital One Credit Card for the past five years. I have always been on time with my payments and have a credit score over 700. However, I dont not have any "employment" income since my last summer job two years ago. Besides that I have made money through selling things on online and gifts from family members. I have save up in the bank and always manage my finances well. The credit card act back in 2009 was passed to prevent people under 21 from applying for a credit card without a co-signer and required adult over 21 to prove their source of income. This was a problem for college students and stay at home parents who did not have a job. Luckily the law was changed to allow stay at home parents or partners to use household income for "ttal annual income" on applications. In my situation I am not applied for a new credit card rather my credit card company is requesting updated information since its been 5 years since I applied. I am currently 23 and in college for my last year but am unemployed. Capital One says I can use Total Annual income and not "personal" compared to before the revision was passed. My question is can I still use my "household" income to update the information which includes my parents as we live in the same house? Is there a chance Capital One will make me prove that income? If so how would I go about it being unemployed? I have been with this credit card for five years and when I last applied the credit card act was not in effect so I was approved as I put my parents information as well for "Total annual income" I have also never been late on a payment and always paid in full. The only loan I have out besides my credit card is a student loan which does not have to be paid off till I graduate I also mentioned I was a student in the occupation drop box.

• Answer:

  Put whatever you want. Hopefully more than what you put before. I don't think they check at all but rather use your amount to see if they should raise your limit. You've been in good standing with them and pay your bills on time so I'd think they would want to raise your limit.