|Katy at work in the Forbidden City, photo by Andrew Ingersoll|
Harv asked a great question last week about how the new credit card laws that took effect in October have changed the card approval process for stay-at-home moms and dads. I hired Katy for the blog as a VP and put her in charge of philanthropy. She’s also in charge of keeping my ego in check. She’s doing a great job at both, finding worthy charities and the other part as well.
But we need the answer on how to handle an application for those doing the most important job of raising children.
What have been your results as stay-at-home moms and dads?
How are you completing your credit card applications in regard to the personal income question?
I think I’m safe to assume that the applications that ask about household income are still being answered with all family income.
Let’s work together to get Harv some answers, and other blog readers as well. Please be specific in regards to:
1. which card issuer you are commenting about.
2. how you answered the personal income application question.
3. what your initial results were.
4. what, if anything, changed in the outcome because of your reconsideration telephone call.
I am by no means suggesting that you put false information on a credit card application. It is against the law. But your comments should give all of us a good indication as to whether or not the new credit card law is being interpreted equally by all card issuers.
Thanks for working together.