07-03-2013 10:06 AM
07-04-2013 10:25 AM
Interesting information. I added my daugther over 1 year ago, who had no credit . She was 17 at the time. I wanted to make sure she had the card for emergencies while living on campus at college. Now she is commuting to college and working full time. I rarely use the card , she uses it almost daily . The thing I like is I set the amount of credit available for her use.
I was thinking about adding my fiance who has had credit issues . He is working on repairing his credit but now I will have to give this more thought.
07-04-2013 10:49 AM
Well, I'm not even going to try because I went to do it to see what the process is like and right there at the top it says...
Complete the fields below to add an Additional Card member to your account. All Additional Card members must be 15 years of age or older and must never have had a defaulted account with American Express.
I just got this card and was amazed to even get it, not about to risk losing it.
Amex has gone back and forth a couple times over the years... For the longest time they did not care about any past cardholder history if being added as additional cardholder to someone in good graces... then during the bad economy they made some changes that basically ran the additional through their internal system and if they owed amex money it simply denied the add on... They have switched back to IT IS FINE....
Additionaly cardholders credit doesn't even get softed so you all are off in fairy land talking about cardholders getting FR and shut down because of additional cardholders bad credit.
You can add someone and it will spit it back instantly if it's approved... it kind of feels like you are applying for credit. and since additional cardholders can set up their own online access and see credit up to what the primary authorizes them for, it can feel like your own amex account too!
I have been on both sides of this so I'm speaking from current experience.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.