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I recently received an ITA and was preparing documentation for proof of funds and had a question about credit card debt paperwork.
I possess 5 US credit cards with AmEx, Discover, Citi and Chase. I do not have bank accounts opened in any of the companies and possess negligible balance in 3 of them and $1000-2000 balance each in the other two accounts. Do I need to request a statement listing debt from each company similar to the one I'll be requesting from my bank account to fulfill the paperwork for PoF?
If someone has credit cards with any of the companies and applied for PR, how did you request the statements and how long did it take for you to receive them?
I recently received an ITA and was preparing documentation for proof of funds and had a question about credit card debt paperwork.
I possess 5 US credit cards with AmEx, Discover, Citi and Chase. I do not have bank accounts opened in any of the companies and possess negligible balance in 3 of them and $1000-2000 balance each in the other two accounts. Do I need to request a statement listing debt from each company similar to the one I'll be requesting from my bank account to fulfill the paperwork for PoF?
If someone has credit cards with any of the companies and applied for PR, how did you request the statements and how long did it take for you to receive them?
Hi,
I have Chase and Discover, but didn't use those accounts when applying for PR.
Do you have Checking/savings accounts? I would use those.
I also used my 401k, my HSA, and my rental lease deposit to show proof of funds. After all these funds are available to you when you choose to withdraw, bearing in mind the penalties and tax implications.
You are not required to show credit card balance. If one does not have money for POF then a balance transfer from Credit card to Checking account will work as well for POF.
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