@Anonymous wrote:
I was prequalified for the Platinum and BCE on their website and put in my current income. I started this job last year and hadn't done much since 2018. I think my last tax return only has 20K income reporting, but my current income is 104K. I attached three months worth of bank statements along with the tax form and they said they absolutely do no consider bank statements and go off taxes.
The last year I filed was 2019 which doesn't show my current income. Has anyone ran into this? Don't want to get denied due to them considering income from three years ago and I filed my taxes this year, but they aren't available to Amex or anyone until August. I swear there had a form that accepted three months of bank statements and would even call your bank with you on the phone.
Younger people with a new job, how the heck did you get approved for Amex without any really good tax years? (i.e. just graduated from college with a 100K job now). This makes ZERO sense for them to be considering 2019 income and not including bank statements into this. Maybe it's just a formality?
Except, based on this recent thread (https://ficoforums.myfico.com/t5/Credit-Cards/Amex-is-Promoting-Credit-One/m-p/6477878), you refused to provide AENB with access to tax transcripts. So, this prompt will come up more than likely every time you try to apply.
This isn't really about younger people with a new job. It can be any age group with a similar background. Simply put, AENB has sophisticated AI algorithms to discern specific data patterns and plenty of resources at their disposal to verify the information you provide.
If it is requested, it is because there are some data discrepancies, not because it's "a formality". Compliance goes a long way to determine that the information lenders are able to verify matches with what's listed on your application.
So, what happened with your December pre-qualification app?
