10-21-2013 05:33 PM
I added my fiance as an AU on my Cap 1 card that I have had open since 2008; because she has a clean slate of a credit profile. (Cap 1 Card 750 limit, $3 balance) that she has had for 6 months. I thought I heard somewhere that when adding her as a user on Cap 1 it would show on her report the whole history of that card. which is a $1500 limit, and is PIF before every single statement has cut for the last few years. When I added her it requested her SSN and employment info.
I figured I should also add her to my Chase Sapphire ($7500 limit / 0 balance) that I have had open for approx. 18 months. I was assuming the chase card will show up on her report like a new TL, and hit her AAoA; but with the higher limit would help her out. But when I added her it did not ask for anything other then her name. So now I am thinking this might not even show on her CR?
Just trying to get an idea of the best way to help her and where to add her as an AU to make the most for her.
Any input is greatly appreciated!
10-21-2013 05:39 PM - edited 10-21-2013 05:41 PM
Yes, I can confirm that Authorized Users appear on that persons credit report just as if they were an account holder. The payment history will also appear from the date the card was opened, not the day she was added as a user.
I believe adding someone you know as an AU to piggyback them into the credit world is the best idea and best thing you could do.
10-21-2013 05:43 PM
So she would recieve the whole 18 months of the Chase card, as well as the 5 1/2 years of the Capital one? I wasn't sure if this was creditor specific, and varied by creditor. Or if they all treated it the same. How will Chase associate it with her if all they asked for was her first and last name. They did not even ask for a SSN or address (even though its the same) or employment or anything :/
10-21-2013 05:46 PM - edited 10-21-2013 05:47 PM
Yes, your entire payment history will be copied onto her report as if she was added the day you got your credit account.
Chase doesnt ask for a SSN or employment information for AU's, that is true, but it should still appear on her credit report. I looked into that issue specifically earlier this week.
10-21-2013 05:48 PM
Thanks, I appreciate the response. Both cards just reported for me recently. So I suppose I will have to wait till Mid November to pull her last free report of the year and see how it looks!
10-21-2013 06:04 PM
10-21-2013 06:15 PM
10-21-2013 06:57 PM
10-21-2013 07:11 PM
10-21-2013 07:33 PM
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.