Starting Score: TU:650 - EQ: 672
Croselx wrote:I recently got my first cards that seem to allow for authorized users; they are WM Discover and Sears (not sure if it is MC). They haven't arrived yet, but I want to add 2 people to them to help them establish credit. How many authorized users can I add on each card and do they both report? What card would look best on their report if they have no credit history? Of course I intend to NOT give them the actual card, just want to help them establish credit, I will be in charge of managing the account to make sure it is used responsibly and with score building in mind.
Discover, Capital one, Amex, Bank of America, Chase I know off the top of my head all report AU's.
Discover can be weird because they do not require a SS number so I'm pretty sure they only report if the addresses are the same if not simliar, sometimes things will stop reporting if you've never had the same city of residence on file so hard to say. But Any card will help them manage their credit. Well aged cards will help them the best followed by a higher limit. For instance if they only get $1,000 person card, and you add them to a $4,000 limit Discover card even if they max out their card it'll only report as 20% utility over 100% and $1,000 card is easy to max with one big purchase.
Croselx wrote:Another question: can the authorized user view their FICO as well or just the main? Thanks for the replies. I can't add the users to my oldest card because it doesn't allow it (bank card in Puerto Rico) the other one is paypal smart connect which I think doesn't allow either.
No they must have their own account to see their Walmart fico scores.
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