Amex and income 28 July 2022 at 9:24PM in Credit cards 2 replies 224 views

albion22

Hi,

I want to apply for the Nectar card but unclear on their Eligibility Checker and what they mean exactly in the ANNUAL PERSONAL INCOME and OTHER PERSONAL INCOME boxes. I want to include my wife's income which they have told me can be inserted in OTHER PERSONAL INCOME but the confusion is they use the word PERSONAL and not Household. Any thoughts?

dr_adidas01

albion22 said:

Hi,

I want to apply for the Nectar card but unclear on their Eligibility Checker and what they mean exactly in the ANNUAL PERSONAL INCOME and OTHER PERSONAL INCOME boxes. I want to include my wife's income which they have told me can be inserted in OTHER PERSONAL INCOME but the confusion is they use the word PERSONAL and not Household. Any thoughts?

It means your own personal income, not what your wife’s income is. 

Why would you add your wife’s income when it’s not something you personally earn? 

Marchitiello

In my opinion you should only include “income” that you personally receive, in case that they ask you for bank statement and you can therefore be verified. The layaway that I have often read about is that for example (if you have separate bank accounts) you pay in advance the mortgage and all the bills and then your wife bank transfer to you her contribution to those expenses, you could put that as other personal income (not sure I consider it an income but have read often of people doing so). In theory other personal income should include Interest, dividends, rents,  child benefits, etc.

in any case, Amex has not had an official minimum income for a while and the reason they ask it in the application is to work out affordability and credit limits. Remember that if fairly recently you have made another credit application and declared £20k pa income and now you declare £35k that may trigger a fraud flag