Originally Posted by
mahasamatman
We're looking for a card for + 1. Between being recent immigrants (short credit history) and disparate income, it hasn't been easy. Which banks allow you to apply using household income? So far, Capital One, Amex, and Scotiabank all appear to require personal income on their applications.
Not sure what you're looking for here, or rather, what's in the best interest for your
+1. There's so many cards to choose from, hard to say what's best for your situation.
Are you looking for no-fee cards? To hold onto without churning, for the purpose of building up credit history? Numerous cards in this category.
Or rewards/points cards, which may or may not have $0 FYF? And your
+1 is looking to hold onto, agreeing to pay an AF? Churning without established credit is probably/obviously not what you're looking to do, right?
Three examples that come to mind are:
BMO World Elite MC - household income $120K
CIBC Aerogold Infinite Visa - household income $100K
TD Aeroplan Visa Infinite - $100,000 Annual gross household income
Only the TD card currently has a $0 FYF offering, plus $50 cash rebate if applied through GCR.
Again, getting back to building credit strength, if you/
+1 bank with any of the above and have any establish history with them, I'd first contact the FI and ask if there is a pre-approved credit limit offer on the
+1's file first, so that you can apply with no credit pulls.
And FWIW, I believe household income is defined as being the amount combined between spousal units (not parents/children).