Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • trickydicky14
    • By trickydicky14 8th Sep 17, 7:26 PM
    • 138Posts
    • 17Thanks
    trickydicky14
    T&C for credit card.
    • #1
    • 8th Sep 17, 7:26 PM
    T&C for credit card. 8th Sep 17 at 7:26 PM
    When applying for a credit card and the conditions state, ‘a minimum income of say £8,000 per year gross’ can you include interest on savings when submitting this figure?
    It appears to just state ‘have a gross annual income of £x’ it does not say earned or unearned income.
    Would I be breaching the rules if I did this? Or would savings interest be viewed as just ‘unstable’ income and not help my application.
    Thanks.
Page 1
    • YorkshireBoy
    • By YorkshireBoy 8th Sep 17, 7:34 PM
    • 29,524 Posts
    • 17,323 Thanks
    YorkshireBoy
    • #2
    • 8th Sep 17, 7:34 PM
    • #2
    • 8th Sep 17, 7:34 PM
    Some specifically say you can include savings and investment income, along with other examples which they list.

    Some don't say whether you can include it or not.

    I don't remember ever seeing one that specifically says you cannot include it (because I always do).
    • Shakin Steve
    • By Shakin Steve 8th Sep 17, 8:09 PM
    • 1,033 Posts
    • 757 Thanks
    Shakin Steve
    • #3
    • 8th Sep 17, 8:09 PM
    • #3
    • 8th Sep 17, 8:09 PM
    I would say income is income. Wages are pretty 'unstable' these days. I would have not even the tiniest qualm about including interest from savings.
    I came into this world with nothing and I've got most of it left.
    • trickydicky14
    • By trickydicky14 9th Sep 17, 4:27 PM
    • 138 Posts
    • 17 Thanks
    trickydicky14
    • #4
    • 9th Sep 17, 4:27 PM
    • #4
    • 9th Sep 17, 4:27 PM
    Yorkshire Boy & Shakin Steve,
    Thanks for your views, I think I will include savings in my application. I know I can pay off any credit card I have but just need to put myself in a good light when I apply.
    • chattychappy
    • By chattychappy 9th Sep 17, 9:19 PM
    • 6,393 Posts
    • 3,371 Thanks
    chattychappy
    • #5
    • 9th Sep 17, 9:19 PM
    • #5
    • 9th Sep 17, 9:19 PM
    I always include my income from savings.

    It's usually between £1 and £3 a year.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,585Posts Today

7,581Users online

Martin's Twitter