Is it acceptable to provide false information about my income while submitting a credit card application?

No, you should not lie about your income when applying for a credit card. Doing so could have serious consequences and could be considered fraud.

Lenders rely on the income information you provide when deciding whether to approve your application and how much credit to extend to you. If you misrepresent your income, you may be approved for a credit limit that you cannot afford to repay, which could lead to missed payments, high interest charges, and damage to your credit score.

If you are caught lying about your income on a credit card application, it could result in your application being denied, your credit card account being closed, and legal action being taken against you. It’s always better to be honest and provide accurate information when applying for credit.

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