This article originally appeared on U.S. Card Strategy, written by KUKU. If you have great content to share, feel free to leave a comment or email the US Cards assistant on WeChat (ID: uscards101).
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About Income Entry
Today, WeChat reader bcstyle noticed that one bank's credit card application would not allow an annual income above $1 million. I checked it myself and confirmed it. So I took a look at the income-entry caps used by other major U.S. banks, for the reference of the ultra-wealthy.
- Note 1: This article did not test the annual income entry limits for business credit cards or cards available through special invitation channels.
- Note 2: There are many banks in the U.S., so some smaller banks were not included.
Friendly reminder: when applying for a credit card, please enter a reasonable income amount and do not exaggerate it. For more on misrepresenting income, you can refer to our previous article:
Tier 1: Income up to $10 trillion
Banks in this tier: Wells Fargo
Wells Fargo
Tier 2: Income up to $1 billion
Banks in this tier: Citi Bank, Discover, Bank of America
Citi Bank
Discover
Bank of America
Tier 3: Income up to $100 million
Banks in this tier: AMEX
AMEX
Tier 4: Income up to $10 million
Banks in this tier: Chase, Barclays, US Bank
Chase
Barclays
US Bank
Tier 5: Income up to $1 million
Banks in this tier: Capital One
Capital One
Summary
I didn't expect Wells Fargo to allow such a high number, and I also didn't expect Capital One to cap it at $1 million. Once again, a friendly reminder: when applying for a credit card, please enter a reasonable income amount and do not exaggerate it.