Originally Posted by
tomcanada22
Thanks all for the insight and thoughts.
I also hope my son will have the same success.
Since most card apps. have to put in info on Employment and Annual Income, what did your son or anyone else in this situation, put as income if I assume still in school and not working? Does all these banks still approve the higher end cards such as the Preferred or Signature cards with no income but starting to have some credit history only
Thanks again
95% chance you will not get a Signature card. The Visa Signature 100% of the time and MC World Elite level about 90% of the time both require a $5000 minimum CL. Common starting CLs are $500-$2500. You can always request a CLI and conversion to the Signature/World Elite levels later.
BUT you don't always need the Signature/World Elite level card for the big bonuses. I just got the 100,000 British Airways offer on a $3k limit Visa because I was at my exposure limit with Chase.