Credit Cards

[webhopper]

Be careful with what you are doing. Amex goes by tax returns so if you're not claiming the gift from your parents then that can work against you. Also, its really not a matter of who you work for, its really a matter of what do you have on file with the IRS.

[Prodr222]

oh no its shown on the tax returns.  because me father runs its through his business that way and i get taxed less for that money than if he was getting that put onto what he already makes. 

[Link2k]

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Prodr222 wrote:

well the good thing is if that happens worst come to worst i can have my dad say that i work for his company saying that what i put down is my current income. which is what i put down. so hopefuly there are no rough seas ahead.

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None of that will help if you get an F/R they look at the previous years tax records, which can be a pain if you have a new job/promotion/etc.

I would tread lightly with Amex for the time being.

[Link2k]

Well this is a can of worms. I would simply say be careful when doing things that would be considered fraud it could have unintended consequences

[Open123]

If they FR you, just close the card and tell them to pound sand.

Problem solved.

[jamesdwi]

They also can request your last 2-3 months of bankstatmenets, and/or paycheck stubs. If you can't produce proof of income look for hard limits or closed accounts. 

[Razeus]

I just got approved for a Zync, but the online site didn't give a the credit limit (or preset limit).  Is there a number I can call to determine what it is?

[jamesdwi]

Zync is NPSL unless you got an offer for a $200 hard limit or $500 with auto-pay if you didn't see that offer pop up you have NPSL, but remember the card has to be PIF by due date. 

NPSL == no preset spending limit ( you have one but they don't usually disclose it)

[Razeus]

Well I'll be damned. 

Didn't see anything about a hard limit or auto-pay.  

This is the start of a beautiful week.  The last 1 year working on my credit has paid off.  Goodbye sub-prime Capital One cards!!!!!!!!!!!!!!