Many credit card applications may ask applicants for their annual income to determine if they can afford a card. Here’s how to determine what annual income to report.

To cancel a new credit card, start by checking your balance and then call your card issuer: Make sure any outstanding balances on the credit card are paid off in full or transferred to another card.

A credit application is a formal request by a borrower to a lender for credit. It requires the applicant to provide certain information about their finances.

Want to know if your credit card has been approved so you can start building credit? Here’s how to check your Capital One credit card application status.