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Disturbing news on Chase Credit Cards
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<p>[QUOTE="Mountain Trader, post: 297153, member: 99"]</p><p>A few years ago, I was asked by an Amex csr what my income was. I asked how they defined income and was told it means the income on my tax return. I pointed out that tax returns do not include many forms of otherwise valid income. The csr stood firm that only taxable income was included in income. I then asked "So if I have a portfolio of $10 million of tax-free municipal bonds generating $400,000 a year of non-taxed interest, that would have no bearing on Amex's judgement of my financial qualifications?" The csr said "That's right".</p><p></p><p>You certainly can't argue with logic like that.</p><p>[/QUOTE]</p>
[QUOTE="Mountain Trader, post: 297153, member: 99"] A few years ago, I was asked by an Amex csr what my income was. I asked how they defined income and was told it means the income on my tax return. I pointed out that tax returns do not include many forms of otherwise valid income. The csr stood firm that only taxable income was included in income. I then asked "So if I have a portfolio of $10 million of tax-free municipal bonds generating $400,000 a year of non-taxed interest, that would have no bearing on Amex's judgement of my financial qualifications?" The csr said "That's right". You certainly can't argue with logic like that. [/QUOTE]
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