Adding my wife as an authorized user

[armbenderc]

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@AJC1987 wrote:

This is my situation, I am 25 years old have 4 credit cards and a mortgage. Scores are around 745 after new mortgage and crfedit cards this year.  My history is only about 3 years on average.  I have no missed payments and nothing derogatory.  My fiance currently has once credit card and pays it on time and in full every month.  If I add her as an authorized user would it have a boost to her score?  My limits are double what hers are right now.  Would it be beneficial at all?

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It would be beneficial. I read in this forum that is is recommend that you should have a minimum of 3 revolving credit card, you wife has 1?

As for the util purposes, if you wife PIF every month before the statement cut, adding her as AU does nothing to her UTIL. Unless she is carrying balance, then it will give her a bump. However, it will show that your wife has access to credit and is using it wisely to other creditors when she is applying for more credit cards.

[ktl72455]

unless u add her to the card that you carry a small amount on , then if she PIF every month it will be the same as her carrying a balance and she will get a bump.

I have 4 cards and PIF but am AU on 2 of my husbands and he has a balance and it shows on my Credit report as my balance as well. His UTL is very high so until we get it down I an getting more help from the age of the account than the balance.

If my information to the OP isnt correct please some one correct me!

[ryanbush]

If you can add her to your oldest account, one that hopefully has a high limit and make sure that it reports 0 every month then yes it will give her a score bump.

[ktl72455]

If his reports 0 every month and hers reports zero every month, fico dont like to see them all report 0.

9% or less on at least 1 for a balance and rest at 0.00 for Max score impact.

[VirtualCuriosity]

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@AJC1987 wrote:

I added her as an authorized user this morning.  I was talking to someone via the Bank of America online chat and they informed me that it will not show up on her credit report! Do you guys have any idea of why it wouldnt show up on her report???

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I also added my wife to my last three CCs.  It took some more than others longer to report.  Funny thing is on some monitoring sites, she was alerted days before me.  Also, just for more comparison, she has a higher grade on "number of accounts" on many different credit sites.  I have ten total (open and closed, old and new).  She has 13 of the same.

[parakleet]

Somewhat piggybacking onto this thread - I have a similar situation. I want to add my husband as AU. His score is about 712 and clean history. He just sold his house and has one credit card at 12K CL that's almost maxed out which he's working on paying down. It's at 0% apr until the end of the year at which time we'll try to do a BT. I, on the other hand, have too many CCs (BCP 11k, CSP 5k, Freedom 6k, Slate 6k, Discover It 5.5k) that I recently got approved for. If I add him as AU to my new CCs, which I plan on PIF each month, what effect, if any, will that have on his score? Ideally, he wants to be able to app for a prime card w/ a BT promotion at the end of the year to do another BT.

[webhopper]

Adding him to a new account will likely not help as much as if you add him to an older account..to help the most you would add him to your oldest account and let it be at 0 balance.

[parakleet]

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@webhopper wrote:
Adding him to a new account will likely not help as much as if you add him to an older account..to help the most you would add him to your oldest account and let it be at 0 balance.

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Thanks. That's what I plan on doing. I think if I add him to two of my older accounts ('08, '06) that will bring his util down from 95% to under 40%. I have a brand new BCP which if he's added as an AU, it would lower his util even more despite the lack of history. So I may do that as well.