Earn 60,000 bonus points when you spend $4,000 in purchases in the first 3 months - that’s $600 toward your next trip
4X points on hotels
3X points on restaurants
Earn 75,000 bonus points after spending $2,000 on purchases in the first 180 days.
4X points per $1 spent on grocery store purchases (excluding Target® and Walmart®)
6X points per $1 spent on eligible purchases made at Hotels by Wyndham
6X points per $1 on qualifying gas purchases
4X points per $1 spent on dining
EARN 50,000 TRAVEL MILES after spending $500 on purchases and paying the annual fee in full, both within the first 90 days of account opening
5x miles on eligible purchases at flyfrontier.com
2X miles on eligible restaurant purchases
Earn 70,000 American Airlines AAdvantage® bonus miles after making $7,000 in purchases within the first 3 months of account opening.
4X AAdvantage® miles for every $1 spent on eligible American Airlines purchases. After you spend $150,000 in purchases on your card in a calendar year, earn a total of
5X AAdvantage® miles on eligible American Airlines purchases for the remainder of the year.
If your common carrier travel is delayed more than 6 hours or requires an overnight stay, you and your family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $5,000 per person and $10,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If your trip is canceled or cut short by sickness, severe weather and other covered situations, you can be reimbursed up to $10,000 per person and $20,000 per trip for your pre-paid, non-refundable travel expenses, including passenger fares, tours, and hotels.
If you run into a problem away from home, call the Benefit Administrator for legal and medical referrals or other travel emergency assistance. (You will be responsible for the cost of any goods or services obtained.)
"Maximizing Your Approval Odds: What Income Levels Credit Card Issuers Really Look For"
song.url
When you're applying for a credit card, you might wonder what exactly you can include as income on your application. It's important to get this right because it can greatly affect your chances of approval. Let's take a closer look at the factors credit card companies consider and how you can accurately present your financial situation to boost your approval odds.
Credit card companies look at several things when they review your application, with your income and credit score being the most important. A strong credit score shows you're a reliable borrower, and your income indicates whether you can handle and pay off your credit card balance. The income needed to get approved can differ widely among various cards and issuers.
{{image-1}}
Your income tells credit card companies about your financial stability and ability to pay off debt. They're especially interested in your disposable income—the money you have left after paying taxes and living expenses. This is crucial because it affects how much credit they're willing to give you.
When you fill out a credit card application, include all possible income sources:
{{image-2}}
Credit card issuers usually don't openly share the exact income you need to get approved. Instead, they look at your income, credit history, and debt-to-income ratio. Note that premium credit cards, which offer more rewards and benefits, often require a higher income because they provide more perks and higher spending limits.
When applying for a credit card, especially a high-benefit one, you might need to prove your income. Here's what you should have ready:
It's okay if there's a small difference between the income you report and what your documents show, as income can vary with bonuses or seasonal work.
Your Debt-to-Income ratio is a crucial factor that credit card issuers consider.
To calculate your Debt-to-Income ratio:
Divide your total monthly debt payments by your gross monthly income.
For example, if your total monthly debt payments are $1,500 and your gross monthly income is $5,000, your DTI ratio would be 30%. This means you spend 30% of your income on debt payments.
Being honest and consistent with your information builds trust with credit issuers and can help you get better credit terms. This not only increases your chances of approval but also shows you're financially responsible.
Understanding and preparing for income verification is crucial for getting approved for a credit card. By gathering the necessary documents and knowing what issuers want, you boost your credibility as an applicant. A well-rounded financial profile, including a good credit score and a reasonable debt-to-income ratio, meets the needs for various cards, from basic to premium ones with more benefits. This careful preparation can greatly help in getting a credit card that fits your financial life and goals.
0 Comments