Change of situation

rawkinrich

Is it standard procedure to let your credit card provider know of a change of situation, ie. Change of job with a higher/less salary?

Cheers

opinions4u

No. They don't care as long as you keep paying on time.

Venusflytrap

opinions4u wrote: »

No. They don't care as long as you keep paying on time.

I disagree. I was reading the Ts&Cs of my NW CC last night (exciting for a Friday eh?!) and it states that they must be informed if your salary is significantly reduced such that your credit limit may need to be reassessed to match what you can now afford to repay.

I would think the same goes for a salary increase; you may become eligible for a limit increase if you're eligible, need it and are not overcommitted elsewhere.

meer53

As long as you pay, they don't really care. How many people do you think would phone their CC issuer if their salary reduces ? The last thing they need is for their limit to be reduced.

Curr946

I'm sure that when you apply for anything your salary details are record on one of the fraud databases, not for fraud as such but to make sure you are telling everyone the same. So in theory, when your salary increased, and you make a new application and existing leader "should" be able to see this....