Is lying about income on a Credit Card application illegal?

From what I understand they very rarely verify the income you list.

Is there anything illegal about exaggerating annual income on a Credit Card application for the purposes of getting approved/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.