I'm debating getting a new credit card. My credit is good (740), and I already have a couple.
Would I be committing fraud by using student loans (loans less tuition charges) as income in credit card applications? I've seen this question on general credit forums and the answer is typically don't do it; obviously, loans are a debit and not an asset.
But, searching on these forums, you see a multitude of people asking what's the best credit card to amass residency interview miles. How are these people qualifying for credit cards in medical school when they have no income?
Would I be committing fraud by using student loans (loans less tuition charges) as income in credit card applications? I've seen this question on general credit forums and the answer is typically don't do it; obviously, loans are a debit and not an asset.
But, searching on these forums, you see a multitude of people asking what's the best credit card to amass residency interview miles. How are these people qualifying for credit cards in medical school when they have no income?