Q&A: Is lying about income on a Credit Card application illegal?

Question by Dan V: Is lying about income on a Credit Card application illegal?
From what I understand they rattling rarely verify the income you list.Is there anything illegal about exaggerating annual income on a Credit Card application for the purposes of getting approving/getting a higher starting limit?Please don’t give me ethics, I just want to know if it constitutes fraud (could be a typo for all they know) or if there’s anything illegal about my SPECIFIC question.I would like a Yes or No if possible.

Best answer:

Answer by bustersmycat
fraud is a crime. depends on whether one would consider your lie to constitute fraud from a legal standpoint. Besides, credit cards are about the bad form of personal loan you could use. They practice legalized usury. Having a low limit is likely best for you anyway.

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