Credit Cards

[bigman023]

Yes choice is a good thing. Trust me, I think consumers should have this choice.

But the same can be said about banks.  I just like to know as much as possible, and IM just wondering what 'choices' do the banks have.

But ultimately I just wish they made things a little bit clearer on the apps.

[bigman023]

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cashnocredit wrote:

No. It does not require a bank to ask for HHI. If they just ask for "income" it is reasonable to interpret that as HHI. If they ask, and they are absolutely allowed to do this, for individual income then individual income is what should be used. Prior to this, banks were not supposed to consider anything but individual income.

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Gotcha...

[k1dk1ck]

I use my spouses income in addition to mine but I live in a communal state.

[Happychap]

I use houshold income for applications i.e. mine and spouse + investments

[youngandcreditwrthy]

Yeah! C1 asked me for how much I had in investments:-)... I was proud to say the amount I had lol

[john398]

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Happychap wrote:

I use houshold income for applications i.e. mine and spouse + investments

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is that on a joint account where you enter your spouses ssn too?

[cashnocredit]

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john398 wrote:

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Happychap wrote:

I use houshold income for applications i.e. mine and spouse + investments

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is that on a joint account where you enter your spouses ssn too?

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I've heard of a few joint CC accounts but I haven't ever seen applications, outside of mortgages, that even have a space for joint info. How does one go about getting joint apps?

[daybreakgonesXe]

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cashnocredit wrote:

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john398 wrote:

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Happychap wrote:

I use houshold income for applications i.e. mine and spouse + investments

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is that on a joint account where you enter your spouses ssn too?

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I've heard of a few joint CC accounts but I haven't ever seen applications, outside of mortgages, that even have a space for joint info. How does one go about getting joint apps?

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Usually you have to go into the bank and/or ask for a paper application. Most online interfaces and even in-store for department store applications will not allow you to add a cosigner or joint applicant.

I work at JCP, and cannot have a joint applicant when I fill out the application for someone. However, we do have the paper copies with the T&C of the card right there on the counter, that lets you add a co-applicant. From there, you have to mail it in and wait for a response. I'll be honest though. Before I turned 18 I applied with my grandfather for the co-applicant card and received boo. No yey, ney, or even a record of it occurring on the CR...unless everything was simply mailed to my grandfather and he never told me...though at the same time my information wasn't stolen, so God knows where that application went...

[Happychap]

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john398 wrote:

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Happychap wrote:

I use houshold income for applications i.e. mine and spouse + investments

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is that on a joint account where you enter your spouses ssn too?

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No i put household income on all apps I dont put her SSN or name etc

[cashnocredit]

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youngandcreditwrthy wrote:

Yeah! C1 asked me for how much I had in investments:-)... I was proud to say the amount I had lol

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This is one of the smart things C1 does. I often wondered why Amex didn't but then I noticed finally they did I got my Plat a year ago. They had a check button list with ranges from zero. The max was 500k+ IIRC. Seems like kinda a small upper end given Amex's target demo.