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Member
re383209
Posts: 17
Registered: ‎08-21-2012
0

Autorized user expectation

Hi I would like to thank in advance for any advice, I would like to ask what I should expect from being added as an authorized user, I had recently ask my dad around the middle of august to add me as an authorized user to two of his credit cards ones a discover from 1999 with a 50k limit but when he add me they just ask for my name and address no social( so will this report) and a capital one with a 25k limit from 2002 but that wanted my social and all my info. He has recieved both cards with my name but they still havnt reported. So what I was wanting to know is when will they report on average if at all, and what my credit score should do, Im 21 with an oldest credit line of 3 years and average of 1.5 years

CC Capital one secure(300 limit) Ohio university Credit Union(1000 limit)
Chase Freedom(500 Limit) CSP(500 limit) Chase Slate($7.5lmit) GE Capital(3.5klmit), Home Depot (2K lmit), Walmart Discover(6k lmit) Lowes(3k limit) Jeep Master card(2.2klmit) Amex BCE(2k lmiit) Amex PRG(Charge card)
Removed Derogatory, Deka Collections($850), UCA($2.7), NCOFin 55($135)GLA Collections($850)
Trans Union(625 1/3.2014) Experion(612 1/3/2014) Equifax( 602 1/3/12),
Trans Union(552 4/3.2012) Experion(538 4/3/2012) Equifax( 593 4/3/12)
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Autorized user expectation

If you and your dad share an address it will report. I recently added my husband to a discover account opened in 1999 and he inhereted the full history of the account. It only showed up on his report when I added him also to amex; which does ask for ss#.

It will help your aaoa IF the lender factors them in while computing your data for approval.

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
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Established Contributor
Jlu
Posts: 785
Registered: ‎06-12-2012
0

Re: Autorized user expectation

Just a note, Chase ignores AU's and any AAoA gained from such status.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $10k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Member
re383209
Posts: 17
Registered: ‎08-21-2012
0

Re: Autorized user expectation

Thanks for the help the reason I originally need it was to get to the magically 620 for a house but had an unatorized lender pull and had a transunion 640, so I'm closing on my house at the end of the month but what I'm trying to aquire is a 0 intro apr for repairs or a lowes card any suggestions??

CC Capital one secure(300 limit) Ohio university Credit Union(1000 limit)
Chase Freedom(500 Limit) CSP(500 limit) Chase Slate($7.5lmit) GE Capital(3.5klmit), Home Depot (2K lmit), Walmart Discover(6k lmit) Lowes(3k limit) Jeep Master card(2.2klmit) Amex BCE(2k lmiit) Amex PRG(Charge card)
Removed Derogatory, Deka Collections($850), UCA($2.7), NCOFin 55($135)GLA Collections($850)
Trans Union(625 1/3.2014) Experion(612 1/3/2014) Equifax( 602 1/3/12),
Trans Union(552 4/3.2012) Experion(538 4/3/2012) Equifax( 593 4/3/12)
Established Contributor
Jlu
Posts: 785
Registered: ‎06-12-2012
0

Re: Autorized user expectation

[ Edited ]

Using AU status to boost your score in order to get a mortgage will not work. Use the AU status to get cards that you couldn't otherwise get and then garden. Mortgages are always a manual review. They will discount your AU status and you will be scored and analyzed based on your own accounts, be them positive or negative.

 

EDIT: Just re-read and realized that's not what you're doing, but I'll leave it up because it might help someone.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $10k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Frequent Contributor
Cleanmachine
Posts: 398
Registered: ‎04-30-2008
0

Re: Autorized user expectation

I disagree with Jlu regarding Chase not reporting Authorizer Users

 

 

I have added three of my children on my Chase Cards as an Authorizer User and they did report to the

credit bureaus.

Established Contributor
Jlu
Posts: 785
Registered: ‎06-12-2012
0

Re: Autorized user expectation


Cleanmachine wrote:

I disagree with Jlu regarding Chase not reporting Authorizer Users

 

 

I have added three of my children on my Chase Cards as an Authorizer User and they did report to the

credit bureaus.


 

You misunderstood what I was saying. Chase discounts AU accounts when reviewing applications for credit. They look only at accounts that belong to you. 

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $10k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Moderator Emeritus
webhopper
Posts: 7,230
Registered: ‎09-16-2011
0

Re: Autorized user expectation

@cleanmachine

I think jlu was commenting on the fact that if your kid applied for a chase credit card; chase would ignore those cards where your kid was not the primary cardholder as they make their decision based on individually owned accounts; not AU accounts

Starting Score: 08/29/2011 TU 671 EQ 674
Current Score: TU 754 EQ 694 EX 697
Wallet: NFCU Visa Sig 25k, Amex Lowes 22k, NavCheck 15k, Amex PRG, Amex Zync, Discover It 13.5k, Amazon Visa 5k
Platinum Spade Garden Club Member: App Free since 1/1/13. No more apps til who knows when?
MyFICO Fitness Goal: 800s Club!



Take the myFICO Fitness Challenge
Established Contributor
Jlu
Posts: 785
Registered: ‎06-12-2012
0

Re: Autorized user expectation


webhopper wrote:
@cleanmachine

I think jlu was commenting on the fact that if your kid applied for a chase credit card; chase would ignore those cards where your kid was not the primary cardholder as they make their decision based on individually owned accounts; not AU accounts

+1

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $10k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Established Contributor
emptypockets
Posts: 989
Registered: ‎02-03-2009
0

Re: Autorized user expectation

Cap One will reports on AU's even if not at the same address. I have AU's at a separate address and the card definitely show  on their reports.


CC's: AMEX (4), Alliant Visa, PenFed AMEX, Nordstrom Visa,US Bank Cash+, Chase (5), Huntington Voice, UMB Visa, Nasa FCU Plat Cash Visa, Barclay's Visa, Citi (4), Discover IT, Walmart Discover, Sam's MC, Cabela's Visa, Cap One QS, BOA (2), BMW Visa, Comenity Visa/MC (3), Ebates Visa Siggy, 5/3 RLR MC, Macy's AMEX; Several store cards.

Current Scores: EQ (6/14): 800; TU MyFico (6/14): 814; Walmart TU Fico 08 (10/2014): 813; EX (6/14): 775

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