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OP simply said she was going to pay her son a monthly allowance – that’s not enough information to accuse someone of fraud.
I can’t see that it would be fraudulent, unless you were declaring the same money on 2 different applications.
Making up an income to fit the income requirements…of course it’s fraudulent!
Yes! It should be so blindingly obvious that I’m not sure why the question is being asked.
There appears to be a perception that someone with an income of £60,000 can magically turn that into two incomes to meet the £35k minimum income threshold or that making a few £3k monthly payments to someone can suddenly become an annualised income of £36k.
What’s so incredible about these questions is that isn’t just a question of T&Cs which many seem rather casual about, but an offence under the Fraud Act 2006 which carries a sentence of up to ten years’ imprisonment which shows the serious of the issue. There is no requirement for any gain or loss to be involved, just the false representations on the application are sufficient.
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.”
How far does this go. If someone makes 42,000 p.a. but they put 42,001 in the application. Is that fraud? Just wondering.
How far does this go. If someone makes 42,000 p.a. but they put 42,001 in the application. Is that fraud? Just wondering.
‘De minimis’ I believe would be applied here.
My salary generally increases by a couple of % each year, and I can never remember the exact figure. Any credit card applications therefore get rounded to the estimated nearest thousand.
How far does this go. If someone makes 42,000 p.a. but they put 42,001 in the application. Is that fraud? Just wondering.
Sounds like a typo to me, rather than fraud.
How far does this go. If someone makes 42,000 p.a. but they put 42,001 in the application. Is that fraud? Just wondering.
they send out the Brighton hit squad
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.
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?
That’s why you call it an allowance and not an employment income.
It’s a bit like contractors paying their spouse a few grand a month and expense it to reduce tax. Didn’t HMRC disapprove it?
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?
I don’t think anyone is getting ahead of themselves. To the extent you are seeking to play devil’s advocate, that’s extraordinarily dangerous as these are very serious issues and nobody should be giving anyone any comfort which is at least the impression you are giving. There is a very simple right way to go about this and many wrong ways.
People do get prosecuted for these sort of things – someone was very recently successfully prosecuted for lying on a Tesco Bank loan application saying it was for home improvements when it was for something entirely different.
Amex can also be all nice but if they discover this sort of thing, they treat it incredibly seriously.
It really ought to be quite obvious what constitutes a real income provided to a partner or spouse, one that they are free to spend as they wish (not apply to shared household expenses) vs a faked income to apply for a credit card.
What instinctively feels right and/or passes the ‘sniff test’ is a good starting point. If you need to ask, will that be OK, it quite likely won’t be. Whatever route, you need supporting evidence.
Didn’t I read on here that amex were les-stringent with the income requirements for long-term existing customers or was that datapoint just an outlier?
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