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Mic, Business Owner
Category: Tax
Satisfied Customers: 246
Experience:  Business owner, take care of all legal issues and tax work
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What does annual household income mean

Customer Question

applying for a credit card and they ask what is annual household income?
Submitted: 10 years ago.
Category: Tax
Expert:  Mic replied 10 years ago.

They want to know how much money comes into your home for the year. If you are married then they want you and your spouses total income for the year.

This is their way of seeing if you will be able to afford the credit line they give to you if you were to max out the card.

I hope this helps