Reply
Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Authorize user

[ Edited ]

I currently had a few account and try to help my brother in law build his credit journey. He currently had nothing under his name no baddie no score nothing.

Should i add him on any of my acccount ???

CAp open 9/2011 500 limit

Orchar 10/2011 400

Discover 11/2012 1.7k

USAA 11/2012.  4k

Walmar 11/2012.  1.2k

Amex 11/2012. 1k

 

Should i add him on any of my account to help him build his credit until he get his own credit card ??? .

Thank you .


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
0

Re: Authorize user

i added my bro to my gold pr, bofa total rewards and nfcu cashrewards and after two months he got his own two cards.

Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Authorize user


nicholasyud wrote:

I currently had a few account and try to help my brother in law build his credit journey. He currently had nothing under his name no baddie no score nothing.

Should i add him on any of my acccount ???

CAp open 9/2011

Orchar 10/2011

Discover 11/2012

USAA 11/2012

Walmar 11/2012

Amex 11/2012

 

Should i add him on any of my account to help him build his credit until he get his own credit card ??? .

Thank you .


i would add him to the cap one and another card. let it report for a few months and then app chase freedom, or a discover more, or his own walmart which at that point he might get his own walmart discover with the age of his "report"... the only problem is that all those accounts are new except cap one and orchard. so addidnt the cap one and a "new" card will slash his aaoa to just over a year. 

 

just rememeber that whatever you do on that card will go on his report as well. 

and if he didnt pay you would be responsible for the balance. 

keep it at low utility and he'll be golden. 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Epic Contributor
Creditaddict
Posts: 21,497
Registered: ‎10-23-2007
0

Re: Authorize user


creditnocash wrote:

nicholasyud wrote:

I currently had a few account and try to help my brother in law build his credit journey. He currently had nothing under his name no baddie no score nothing.

Should i add him on any of my acccount ???

CAp open 9/2011

Orchar 10/2011

Discover 11/2012

USAA 11/2012

Walmar 11/2012

Amex 11/2012

 

Should i add him on any of my account to help him build his credit until he get his own credit card ??? .

Thank you .


i would add him to the cap one and another card. let it report for a few months and then app chase freedom, or a discover more, or his own walmart which at that point he might get his own walmart discover with the age of his "report"... the only problem is that all those accounts are new except cap one and orchard. so addidnt the cap one and a "new" card will slash his aaoa to just over a year. 

 

just rememeber that whatever you do on that card will go on his report as well. 

and if he didnt pay you would be responsible for the balance. 

keep it at low utility and he'll be golden. 


NO!

Put him on USAA IF you can then pass on the ability for him to get FULL Membership, although actually membership or not with $4k that is what he needs to be on.

Discover I really like for him and Amex becuase they take note!!

Just 2-3... Wait 6 months, then he should be good to go with Discover and Amex Charge on his own.

Fico Scores: EQ- 653 Cap1., TU 696 Walmart, EX 695 Chase (11-05-14)
You will have to put up Electric Fence to keep me in the garden!
Highest Limit: Navy Federal Cash Sigi Visa $50k (AU)
Lowest Limit: Target $200
65 Cards and Counting :smileytongue:
Valued Contributor
creditnocash
Posts: 2,255
Registered: ‎07-23-2012
0

Re: Authorize user


Creditaddict wrote:

creditnocash wrote:

nicholasyud wrote:

I currently had a few account and try to help my brother in law build his credit journey. He currently had nothing under his name no baddie no score nothing.

Should i add him on any of my acccount ???

CAp open 9/2011

Orchar 10/2011

Discover 11/2012

USAA 11/2012

Walmar 11/2012

Amex 11/2012

 

Should i add him on any of my account to help him build his credit until he get his own credit card ??? .

Thank you .


i would add him to the cap one and another card. let it report for a few months and then app chase freedom, or a discover more, or his own walmart which at that point he might get his own walmart discover with the age of his "report"... the only problem is that all those accounts are new except cap one and orchard. so addidnt the cap one and a "new" card will slash his aaoa to just over a year. 

 

just rememeber that whatever you do on that card will go on his report as well. 

and if he didnt pay you would be responsible for the balance. 

keep it at low utility and he'll be golden. 


NO!

Put him on USAA IF you can then pass on the ability for him to get FULL Membership, although actually membership or not with $4k that is what he needs to be on.

Discover I really like for him and Amex becuase they take note!!

Just 2-3... Wait 6 months, then he should be good to go with Discover and Amex Charge on his own.


for the age? cap one is better then the orchard in sense why i said that. 

if you add him as an au to a brand new card what will that do? 

maybe in a year or a year and a half it could help him out. 

Current: Discover Fico 701 10/14 Walmart Fico 689 9/14

Inquiries (24 Months): EQ 3 TU 0 EX 0 | Most Recent: 09/26/2014


2014 Goals:
Lower Utility
47%(OUCH!!)
Freedom Signature

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}