PenFed Surprise: Need 2 Yrs Tax Forms? Noooooooo

SOGGIE · ‎08-05-2014

Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

Forte747 · ‎08-05-2014

@SOGGIE wrote:
Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?

Ouch, sounds like a FR. Good luck

RushXTC · ‎08-05-2014

@SOGGIE wrote:
Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?

I was required to do that for my AMEX CLI... Didn't get anywhere close to what I requested... You should do it, If you want it.

-Wade- · ‎08-05-2014

@SOGGIE wrote:
Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?

WOW, That is a lil much i think

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******

SOGGIE · ‎08-05-2014

I agree that this a little too much. I can see if i apped for a mortgage or even an auto loan. I'm not feeling this at all.

@-Wade- wrote:
@SOGGIE wrote:
Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?
WOW, That is a lil much i think

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

-Wade- · ‎08-05-2014

@SOGGIE wrote:
I agree that this a little too much. I can see if i apped for a mortgage or even an auto loan. I'm not feeling this at all.
@-Wade- wrote:
@SOGGIE wrote:
Received an odd credit decision. They are requesting 2 years most recent tax returns for Amex approval. Are you kidding me? Seriously? I feel offended. Anyone else experience this?
WOW, That is a lil much i think

I would not either...........I will just be happy with my 5K cash rewards card and that's all. I only us it for GAS anyways

"Garden Club Member " Old user name newportguy*** Current Score: myFico EQ - 830 (07/16/2015) Discover TU Fico - 833 (09/03/2016) EX Fico - 839 ( 09/01/2016 ) ******* Amex - BCP 11.5K * Discover - IT 43.5 K * U.S. Bank Cash + Visa Signature 15.3 K * PenFed - Cash Rewards 15K *PenFed Power Cash 19K ** Amex - GDSM 10K ******FICO 800 Club Member ******* EQ 830 *** TU 833 *** EX 839 ***
****** Last HP & New TL was March 6th 2014 *** GOAL: No HP's or New TL's for 2 + years and 840's Scores ******

longtimelurker · ‎08-05-2014

This is the process Amex uses for certain CLI requests, the 4506-T form discussed frequently on Amex threads.

That Penfed is doing it for an app shouldn't be a huge shock, they are very conservative and so any doubts at all require a lot of verification.

Just weigh up the pros and cons (e.g. privacy concerns) and decide whether you want to do it.

Ron1 · ‎08-05-2014

Penfed used to ask for pay stub or income tax for POI. They haven't done it lately. They might ask for POI if you ask a high CL.

Ron.

destine2grow · ‎08-05-2014

If OP decides not to submit his tax returns will this impact the OP negatively later?

keithB · ‎08-05-2014

AMEX asked the same of me but I didn't feel offended in the least. I sent them the info and was approved instantly.