07-22-2013 06:25 AM
This is good stuff thank you all. So it looks like an AU will just build credit history which is nice but it won't be counted as a trade line. I.e. for a mortgage since a person needs 3 active trade lines for atleast 2 years the answer would be to add my spouse as a Joint Account holder, where as her credit score will get a small ding due to opening a new account but she will inherit my long history and share my deep credit limits.
You said Amex doesn't provide Joint Holders. I have here on my Amex card as AU (added her 7 years ago) which has helped her build her credit history to a near perfect score. But I don't see AU mentioned anywhere on any of the credit bureau reports. It looks like a regular account. Am I missing something here? Will the mortgage company know it's an AU and not a TL?
07-22-2013 08:32 AM
I missed something here, will adding my spouse a co borrower show up as account creation date as MY ORIGINAL date (i.e. inherit my history) or will it show up as the date of adding as a co-borrower?
07-22-2013 10:31 AM
07-24-2013 02:37 PM
Okay here's a twist, I was just told I cannot add my spouse as a joint account holder or co borrower on my EXISTING credit card but can I do so on a new card.
Has anyone been able to ADD another person to their EXISTING credit card as a joint account holder (not an AU)?
07-24-2013 02:48 PM
07-24-2013 10:06 PM - edited 07-24-2013 10:15 PM
Discover allowed me to be put on my Father's Account as a Joint Account Holder in 2006. The card was opened in 2002. My credit reports show the open date as 2002, the original date the account was opened on all 3 Bureaus.
Now, at that time, I was rebuilding.....so in NO WAY, SHAPE, OR FORM, was my credit pulled.....as it was ATROCIOUS!!!!!!!
I'm pretty sure I stilled owed Discover money at that time also! Not sure if that's still how they operate, but that was my experience.
Call every credit card issuer you have, and ask if they'll let you add her as a Joint Account Holder. If not, see if the mortgage company will allow her to use non-traditional credit with a 2 year payment history. It won't hurt to ask. The worst they can say is no!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
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.