Big (over)spenders
Big (over)spenders

Banks like customers who charge a lot on their credit cards, but only if they have the income to pay it off.

If you have a great credit score but don't earn much, banks are going to think twice before giving you their best cards. Even with perfect credit, you could still have trouble making payments if you don't make much money in the first place.

That's why you're asked to include your income and job title on a credit card application, said Papadimitriou.

"Your FICO score might be excellent but no one would be willing to approve you because you're income is low or you're full of debt compared to your income," said Papadimitriou.

Last updated May 11 2011: 3:56 PM ET

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