I'm not a lawyer and I can't promise you I'm right, but I'd be extremely surprised if anything happens to you worse than that your application gets rejected. Y

I'm not a lawyer and I can't promise you I'm right, but I'd be extremely surprised if anything happens to you worse than that your application gets rejected. You may have technically committed fraud, but if you don't actually benefit from it, no one is likely to care. This won't be true anymore if you actually receive the card and use it. But don't be scared; just cancel the application tomorrow morning. The much larger stupid thing you're doing is racking up a lot of credit card debt. This will not be nearly as simple a problem to solve. You need to stop doing that now. I don't know much about your situation, but is there any chance you could get a day job to support you while you build your freelancing business?