 TITLE: How to Calculate Self-Employment Income CONTENT: Reporting Income on a Credit Card Application\n---------------------------------------------\nYou can use the same simple calculation and additional sources of income shown above to estimate your income for a credit card application. Credit card companies may use stated income from your application without requiring additional verification. But they may ask you to verify your information with tax returns or other documentation, or use income estimation models to check your math. This means you should only provide a good faith estimate of your income—and be prepared to show your work.\nFinally, you may get an income request even after you have a credit card: You're online paying your credit card bill when a pop-up window asks you to provide your monthly income. Credit card companies may ask for an income update periodically to see if you qualify for a higher credit limit. Unless you can make a credible estimate off the top of your head, you may want to skip this exercise. There's no penalty if you decide not to respond to these pop-up requests.\nIf you want to be considered for a credit line increase, calculate your monthly income separately and contact your credit card company to request an increase. Or keep your estimated monthly income handy for just these types of occasions. END