- Centurion Member
- Posts: 388
- Joined: Thu Nov 21, 2013 1:13 pm
- Location: United States
From your post, it seems like the account pays dividends? If not, I wouldn't include the consider the account value as income. If it does pay dividends, you can include the average pay-out based on past performance. You can find this information either online or by speaking with the bank managing the fund. Don't forget to declare capital gains on your taxes!
However, the fund does count as an asset and can be used to pay off debt. So, depending on the language of the card application, it may or may not make sense to declare the fund.
Personally, sometimes I include the value of all of the money I can access in addition to my salary and sometimes I don't. Depends on the card I'm applying for or if I'm just asking for a CL increase.
Citi Forward ($10.1K), AmEx Blue Cash Everyday ($30K), Chase Freedom ($12.4K), Discover it ($5.5K), Barclaycard Arrival ($12.5K), L.L. Bean Visa ($5K). FICO 806 (TU), 812 (EQ), 806 (EX).