Reply To: Minimum income requirement

[JDB]

NorthernLass wrote:

You’re both getting way too far ahead of yourselves. Applicant gets a monthly allowance, declares this on the application form, how is that a false representation?

If this is factually correct, all Amex can do is make a decision as to whether that fits their acceptance criteria.

@JDB, you literally said this in an earlier post!

“A long term regular ‘allowance’ payment should be absolutely fine and an application shouldn’t be made too soon after the arrangement starts.”

Long term is the key as I made clear again in my later post. You can’t take a few allowance payments and annualise them and nor can they be returned to the payer. Even within a family/household it’s best to document these arrangements even if just with an email setting out the arrangement.