Annual Income/Household Income American Express

[aftermath]

When applying for an American Express card, do I put down my individual income or household income?

[smallfry]

Use individual income. Some people have been closed down in subsequent FR because they used household income.

[aftermath]

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@smallfry wrote:

Use individual income. Some people have been closed down in subsequent FR because they used household income.

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That's what I remember reading and wanted to make sure.

So how come they ask for Houshold Income on the application and close down people's cards when they submit proof of income of the household?

[halos24]

When applying for my Zync I used my own income, but recently when approved for Costco TE I used both my husband and my income because I had added him as an AU to my account.  I even told them over the phone, now if they come back and want verification I have no problem in showing proof of what our household income is. 

[smc733]

Be warned, they're ridiculous about that.

They'll ask for "We need to confirm your HOUSEHOLD INCOME", but will only accept YOUR tax information...  Best to use personal income only, unless filing jointly.

[aftermath]

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@smc733 wrote:

Be warned, they're ridiculous about that.

They'll ask for "We need to confirm your HOUSEHOLD INCOME", but will only accept YOUR tax information...  Best to use personal income only, unless filing jointly.

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So if I file jointly with my wife, I can use my acutal household income?

[DI]

You'd put down whatever income that you can prove if you're ever FR'd

[halos24]

Bottom line you put the income you depend on to pay bills.  I think there is a misconception of people not wanting to submit their W2's or also not being able to prove or at least to AMEX standards the household they put on their application.

Me personally can prove the income, and would have no problem sending in anything they requested.  Again, that is me and it is a personal choice. 

[aftermath]

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@DI wrote:

You'd put down whatever income that you can prove if you're ever FR'd

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So on the application, if I put $100k as my houshold income, and my jointly filed W2 shows $100k.  I should be fine?

[DI]

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@aftermath wrote:

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@DI wrote:

You'd put down whatever income that you can prove if you're ever FR'd

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So on the application, if I put $100k as my houshold income, and my jointly filed W2 shows $100k.  I should be fine?

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No!  Not if you're not submitting a joint application for credit.