cancel
Showing results for 
Search instead for 
Did you mean: 

calculating annual income?

New Contributor

calculating annual income?

i'm currently filling out an app for the ZYNC card, and i had a question about my annual income.

 

should i put the number that is on my W2 from 2010? i've taken a year off from school, and working part-time, i've already earned more than what i did last year at my few summer jobs... how do i express this to AMEX? or do i just keep it to myself?

Macy's Red Star - $5100 (1/2010)
AMEX Everyday - $9000 (1/2011 Backdated)
AMEX Green Corporate - NPSL
Chase Amazon Prime - $8900 (11/2011)
Lowe's/SYNCB - $6500 (7/2014)
J. Crew/CB - $3500 (2/2015)
Target REDcard - $500 (11/2015)
Citi AAdvantage - $4000 (6/2016)
Chase United MileagePlus - $5000 (2/2017)
Message 1 of 6
5 REPLIES
Regular Contributor

Re: calculating annual income?

For AmEx, I would only put what you can prove with a tax return, thus your gross income on your 2010 return.  If they ever verify with a financial review, they will only want to see the return, not paystubs etc.

Current Cards:
American Express Blue Cash Preferred - March 2007 - CL $10,000
Citi Forward Visa Signature - September 2009 - CL $6,500
Chase Freedom - March 2011 - CL $15,000
Chase Sapphire Preferred - May 2013 - CL $12,500
Discover It - November 2013 - $5,000
Barclay Arrival - January 2014 - $10,000
Message 2 of 6
Moderator Emeritus

Re: calculating annual income?

+1000.

Message 3 of 6
New Contributor

Re: calculating annual income?

A little off topic, but curious.. do CC companies regularly audit you for things like this? I've never had to verify my income for anything, not even a loan. ( Of course, I've never taken out a loan above 10k )

 

And if they were to and find out you lied, would they cancel the card? And would that constitute fraud and be subject to legal action? Of course not likely, but is it possible...

USBank - Cash+ 9k, Harley Visa 5k, Perks+ 6k, Cash Rewards, 1k, Flex 5k ** Cap One - Quiksilver 3k
Chase - United 5k, Amazon 1k, Freedom 2k
AMEX - Blue 6k, Everyday 6700 ** Discover - 9k
CITI - Div 5k, Forward 6k, Diamond 4k ** Wells Fargo - 3k
BOA - Better Rewards 1k, 321 Rewards 9k ** 5/3 - 1k
Store Cards - Amazon 4k, Lowes 6k, Walmart 1k
Message 4 of 6
Frequent Contributor

Re: calculating annual income?

Since you brought it up it makes me wonder, has anyone in the military had to deal with this? Most of my income is tax free, especially when I am deployed a lot, so my tax return doesn't reflect what I actually make. I wonder how AmEx deals with us.


Starting Score: 690
Current Score: EQ 780 EX 814 TU 783
Goal Score: 800

Take the FICO Fitness Challenge
Message 5 of 6
Regular Contributor

Re: calculating annual income?


LTomBerry wrote:

Since you brought it up it makes me wonder, has anyone in the military had to deal with this? Most of my income is tax free, especially when I am deployed a lot, so my tax return doesn't reflect what I actually make. I wonder how AmEx deals with us.


As of right now I don't believe they do.  Since your income is tax free your gross income would essentially be the same as your net income.  There should be some way to show compensation outside of regular base pay.  I know housing, food, clothing allowances add up to a lot and are not included in regular military pay rates. I suppose the best way is just to ask.

Current Cards:
American Express Blue Cash Preferred - March 2007 - CL $10,000
Citi Forward Visa Signature - September 2009 - CL $6,500
Chase Freedom - March 2011 - CL $15,000
Chase Sapphire Preferred - May 2013 - CL $12,500
Discover It - November 2013 - $5,000
Barclay Arrival - January 2014 - $10,000
Message 6 of 6