Proof of Income for CCC

[Anonymous]

Hey guys,

When you guys applied, how many CCC (credit card companies) actually asked you for proof of income?

I app'd for 3 and none of them asked me for proof. Is there any reason why they ask some people and don't ask others?

Regards,

[Skye12329]

I haven't had it happen yet. Amex is usually the biggest that will ask for it but not the only one. I have read about Citi, Chase and Capital One asking rarely but it happens. Generally when you spook them though.

[Anonymous]

I don't know what makes some get asked for income verification while others don't. I know that they can ask you at any time. Some get asked years later, some get asked after asking for a CLI, and some get asked during the application process - there doesn't really seem to be a pattern, and I can't even say that some lenders are more prone to ask than others, because they all ask someone at one point or another. I do know that credit unions usually always ask for documentation, but all the other banks seem to ask at random.

[Anonymous]

What do you mean by when you "spook them?"

Also, for Citi, Chase, Cap1, you can verify by asking them to call your employer, correct? 

[Revelate]

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@Anonymous wrote:

What do you mean by when you "spook them?"

Also, for Citi, Chase, Cap1, you can verify by asking them to call your employer, correct? 

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Just send them 30 days worth of paystubs if you are W2.

Had I been smarter I would've pre-emptively done that with JCB, they're the only one I've ever encountered that verified income which I'm assured they will do in my case.

[Anonymous]

And if I'm not W2, could I have them call my employer instead? What if I rely on cash income (parents)?

[Revelate]

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@Anonymous wrote:

And if I'm not W2, could I have them call my employer instead? What if I rely on cash income (parents)?

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2 years tax returns then, in either case.  That's the gold standard for proof of income regardless; I don't know anyone who will call an employer, as I don't think they'are allowed to do anything other than confirm employment and eligibility for rehire along with dates of said employment... anything beyond that is actually illegal.

[Anonymous]

So calling would not be an option, I suppose...even if I just started my job, I'd have no income on my tax return. 

[Revelate]

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@Anonymous wrote:

So calling would not be an option, I suppose...even if I just started my job, I'd have no income on my tax return. 

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Um, it's the last 2 years prior tax returns.

[Anonymous]

That would be none...I have no previous tax returns filed.