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Annual Income/Household Income American Express

Established Contributor

Annual Income/Household Income American Express

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

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Message 1 of 17
16 REPLIES
Senior Contributor

Re: Annual Income/Household Income American Express

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

Message 2 of 17
Established Contributor

Re: Annual Income/Household Income American Express

 


smallfry wrote:

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


 

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?

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Message 3 of 17
Frequent Contributor

Re: Annual Income/Household Income American Express

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. 

MyFico 3B Scores: EQ: 3/22/16 (727), EX (710) TU (714)

Message 4 of 17
Valued Contributor

Re: Annual Income/Household Income American Express

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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Message 5 of 17
Established Contributor

Re: Annual Income/Household Income American Express

 


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?

 

American Express Blue Cash Everyday $6600
Barclays US Airways Premier World Mastercard $14500
Chase Sapphire Preferred $5000
Chase Freedom Visa $1000
Chase United Explorer $8500
Citi AAdvantage Platinum Select Visa Signature $7500
Citi ThankYou Premier World Mastercard $7500
Message 6 of 17
Super Contributor

Re: Annual Income/Household Income American Express

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

Message 7 of 17
Frequent Contributor

Re: Annual Income/Household Income American Express

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. 

MyFico 3B Scores: EQ: 3/22/16 (727), EX (710) TU (714)

Message 8 of 17
Established Contributor

Re: Annual Income/Household Income American Express

 


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?

 

American Express Blue Cash Everyday $6600
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Chase United Explorer $8500
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Citi ThankYou Premier World Mastercard $7500
Message 9 of 17
Super Contributor

Re: Annual Income/Household Income American Express


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. 

Message 10 of 17