Credit Card Application and Income & Employment Verification
I am interested in applying for an MBNA card. I notice that most require a $35,000 annual income. However, when I talk to the online chat support, the agents tell me to go ahead an apply anyways, irregardless of what my employment/student status is.
I ask because I have just landed a position with an annual salary of $29,000. I had a few questions regarding the process.
1) The application asks for employer information details. Does MBNA actually call and verify the information I provide? I ask because I would like to know if I should inform my HR department that they should expect a call from MBNA...
2) What are my chances of getting accepted for say the Smart Cash MC? I currently hold a TD Visa and have very good credit score (760). I always pay off my balance in full, and have never missed a payment date. However, my household (it is just me in the household) annual income is much less than the stated "household income must be greater than $35,000." Taking all this into account, what is the likely hood of getting approved?
3) My greatest fear in this situation: If I am declined for the credit card due to insufficient annual income, would it affect my credit score?
I ask because I have just landed a position with an annual salary of $29,000. I had a few questions regarding the process.
1) The application asks for employer information details. Does MBNA actually call and verify the information I provide? I ask because I would like to know if I should inform my HR department that they should expect a call from MBNA...
2) What are my chances of getting accepted for say the Smart Cash MC? I currently hold a TD Visa and have very good credit score (760). I always pay off my balance in full, and have never missed a payment date. However, my household (it is just me in the household) annual income is much less than the stated "household income must be greater than $35,000." Taking all this into account, what is the likely hood of getting approved?
3) My greatest fear in this situation: If I am declined for the credit card due to insufficient annual income, would it affect my credit score?