Including annual bonus in income when applying?

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Including annual bonus in income when applying?

Postby el_bee_oh » Fri Jul 11, 2014 5:12 pm

I was wondering what the protocol was when applying to cards in regards to discretionary bonuses? I know that you should ordinarily just put your base salary, but a large portion of my annual income (50%+) is made up of my annual bonus. Should I include my anticipated bonus if I don't know the exact number but have been (verbally) communicated a range to expect?

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Postby benhollberg » Fri Jul 11, 2014 10:42 pm

I would put any number that you can prove. So the income you reported to the IRS in 2013. That's just me, some banks require you send them proof of income.
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Postby takeshi » Sat Jul 12, 2014 8:58 am

The language of the specific application should indicate if you can or not. Bonuses are generally accepted. I'd also recommend keeping in mind what you'd need to supply to the creditor as evidence if questioned. AmEx, for example, requires tax transcripts.

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Postby randeman » Sun Jul 13, 2014 2:55 am

Amex is the only company I have heard of that may ask for financial documents, and from what I have read they usually only ask if a trade line of tens of thousands of dollars is in play. Not saying others won't, but I haven't heard of any. I include my bonuses as part of my income. Never had a single income question, other than what it is.
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Postby 432521 » Sun Jul 13, 2014 10:20 am

Put it down if you can prove it if they ask you to
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