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Hello. All. I am new to this forum.
I applied America express gold card, as well as delta blue card. Both of appliation were on hold, AMEX wants me to fill out a form, so they can get my tax return. I am unwilling to do so, I will let my application expired.
If I repplay after 6 moths and put a lower annual income on the card application, will I likely to be approved or will I still be asked to prove of income?
Please share your insighs. Thank you, all.
You will not be approved for anything until you verify your income.
Please share your wisdom with me.
Thank you so much for your reply.
That's mean even after a year or two I reapply. I will be asked for prove of income again?
@GatorGuy wrote:You will not be approved for anything until you verify your income.
@Ladyofthelake wrote:Hello. All. I am new to this forum.
I applied America express gold card, as well as delta blue card. Both of appliation were on hold, AMEX wants me to fill out a form, so they can get my tax return. I am unwilling to do so, I will let my application expired.
If I repplay after 6 moths and put a lower annual income on the card application, will I likely to be approved or will I still be asked to prove of income?
Please share your insighs. Thank you, all.
Hi and welcome to myFICO
Why would you put a lower income? Did you embellish income on application?
For future reference, it is always best to put the income you file with IRS. There are reports that FIs have access to that show your income.
@CreditInspired wrote:
@Ladyofthelake wrote:Hello. All. I am new to this forum.
I applied America express gold card, as well as delta blue card. Both of appliation were on hold, AMEX wants me to fill out a form, so they can get my tax return. I am unwilling to do so, I will let my application expired.
If I repplay after 6 moths and put a lower annual income on the card application, will I likely to be approved or will I still be asked to prove of income?
Please share your insighs. Thank you, all.
Hi and welcome to myFICO
Why would you put a lower income? Did you embellish income on application?
For future reference, it is always best to put the income you file with IRS. There are reports that FIs have access to that show your income.
Thank you for replying. The truth is actually I am taking care of a family member, he pays my expensives, I don't have a reportable job on paper. I do want to establish a relationship with AMEX. If I reapply again in the future, will I be asked to provide income again?
The issuers through a variety of means are often able to either themselves or through a 3rd party service to either confirm or approximate with a high degree of confidence ones income. If they aren't able to do that it's common to request proof of income either through recent pay statements or, as AMEX typically does, request to review your last 1-2 years federal tax returns via an IRS 4506-C request.
Unless there is reason to believe that they will be able to determine your income in 6-12 months using the same techniques that currently fail them there is no reason to believe that you wouldn't be asked to provide income again. Putting in a lower figure for your income wouldn't be a reliable workaround.
@Ladyofthelake wrote:
@CreditInspired wrote:
@Ladyofthelake wrote:Hello. All. I am new to this forum.
I applied America express gold card, as well as delta blue card. Both of appliation were on hold, AMEX wants me to fill out a form, so they can get my tax return. I am unwilling to do so, I will let my application expired.
If I repplay after 6 moths and put a lower annual income on the card application, will I likely to be approved or will I still be asked to prove of income?
Please share your insighs. Thank you, all.
Hi and welcome to myFICO
Why would you put a lower income? Did you embellish income on application?
For future reference, it is always best to put the income you file with IRS. There are reports that FIs have access to that show your income.Thank you for replying. The truth is actually I am taking care of a family member, he pays my expensives, I don't have a reportable job on paper. I do want to establish a relationship with AMEX. If I reapply again in the future, will I be asked to provide income again?
My advice; dont apply for Amex again until you have verifiable employment and income, or are married with household income. Here's why...
1) Amex has some of the most sophisticated anti-fraud systems that monitor behavior and make decisions. They have flagged you, and you will stay flagged until you give them what they want.
2) These systems usually know if you are employed and often with whom. If you arent employed, how will you pay the bill for your Amex?
3) Income matters, always. If you dont have income, you usually wont get a card. You need verifiable income. If they asked you for proof of income, you will always be asked that by Amex.
Amex is no joke, and they are dead serious when they ask for something. While they do accept people with lower credit scores, they watch their customers like a hawk. Dont ruin your potential relationship with them by doing things that set off their alarm bells. Dont apply again until you have household income.
As others have stated. Unless you have verifiable income then I wouldn't apply again and yes they will probably ask in the future for you to verify your income . You applied with no income to verify .
LadyFerg,
You will need to send you POI. Amex will never approve you for anything. They have a long memory and remember everything.
Guyatthebeach