cancel
Showing results for 
Search instead for 
Did you mean: 

AMEX?

tag
Anonymous
Not applicable

AMEX?

Does AMEX allow me to report my loans/scholarships/money from other sources as my income? I know Discover allowed me to do that.

Message 1 of 5
4 REPLIES 4
Revelate
Moderator Emeritus

Re: AMEX?


@Anonymous wrote:

Does AMEX allow me to report my loans/scholarships/money from other sources as my income? I know Discover allowed me to do that.


Not sure, if you're not claiming it on your taxes it is generally considered no-fly with Amex as I understand it.  Discover markets to students in particular so it's not incredibly surprising to me that they "allowed" it.




        
Message 2 of 5
09Lexie
Moderator Emerita

Re: AMEX?

If the scholarships/loans are reported as income on your taxes then it's permissible.
Message 3 of 5
Anonymous
Not applicable

Re: AMEX?

//If the scholarships/loans are reported as income on your taxes then it's permissible.//

 

Not to hijack this thread but is this the rule for all lenders (BoA/Wells Fargo/Discover) or is it an AmEx only thing?

Message 4 of 5
myjourney
Super Contributor

Re: AMEX?


@Anonymous wrote:

//If the scholarships/loans are reported as income on your taxes then it's permissible.//

 

Not to hijack this thread but is this the rule for all lenders (BoA/Wells Fargo/Discover) or is it an AmEx only thing?


All

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 5 of 5
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.