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IMO you should be OK. Atleast the 1040 doesn't have anyway for them to figure out the income division unless they can get a copy of W2 also. I don't think they are insanely unreasonable or anything. F/Rs are not as common as they seem to, infact I believe they are pretty rare. We are not in stone age, Amex must be using sophisticated algorithms to judge when to do a F/R (its a huge cost to them also).
@DI wrote:
@aftermath wrote:
@DI wrote:You'd put down whatever income that you can prove if you're ever FR'd
So on the application, if I put $100k as my houshold income, and my jointly filed W2 shows $100k. I should be fine?
No! Not if you're not submitting a joint application for credit.
But the $100k is my household income (wife + me). Now I'm confused.
I'm sorry, i've been getting W2 and 1040 mixed up.
The 1040 I have shows both my wife and my total income of $100k.
Call AMEX Customer Service. They'd be happy to answer your inquiries.
@vish1 wrote:IMO you should be OK. Atleast the 1040 doesn't have anyway for them to figure out the income division unless they can get a copy of W2 also. I don't think they are insanely unreasonable or anything. F/Rs are not as common as they seem to, infact I believe they are pretty rare. We are not in stone age, Amex must be using sophisticated algorithms to judge when to do a F/R (its a huge cost to them also).
I agree 100%.
This isnt rocket science. If it asks for household income, put household income. *IF* they request a f/r, they'll be looking at your 1040.
@aftermath wrote:
@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.
So if I file jointly with my wife, I can use my acutal household income?
You're probably fine to put your household income. If I remember correctly, smc733 ran into problems becase he filled out his application listing household income including the income of his parents. I'm not passing judgment on that because I don't have a clue one way or the other whether you're allowed to include parental income as a student on a credit card app. I'm only pointing it out because his experience isn't necessarily indicative of yours.
+1
If a form asks for household income, I enter the household income. If it asks for my income, I enter mine.
I don't see anything deceptive in providing HHI when that's what they're asking for. If I'm ever F/R'd, and I agree that this is getting rarer and rarer, and IF I decide to go through it (which I probably won't), I'll give them whatever form they ask for. If they want to drop my CL as a result, so be it.