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Member
Posts: 17
Registered: ‎08-21-2012
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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
Posts: 7,225
Registered: ‎09-16-2011
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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
Posts: 932
Registered: ‎06-12-2012
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Re: Autorized user expectation

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

JP Morgan Select $10k | Citi TY Premier $15k | PenFed PlatRewards $22k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Member
Posts: 17
Registered: ‎08-21-2012
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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
Posts: 932
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 | Citi TY Premier $15k | PenFed PlatRewards $22k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Frequent Contributor
Posts: 399
Registered: ‎04-30-2008
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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
Posts: 932
Registered: ‎06-12-2012
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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 | Citi TY Premier $15k | PenFed PlatRewards $22k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Moderator Emeritus
Posts: 7,225
Registered: ‎09-16-2011
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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!



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Established Contributor
Posts: 932
Registered: ‎06-12-2012
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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 | Citi TY Premier $15k | PenFed PlatRewards $22k | BofA AMEX $15k | Chase Freedom $20k | Discover IT $10k | Barclay Arrival+ 25k | AMEX SPG $10k | NASA Platinum-Advantage $10k | CapOne Quicksilver $5k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
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Valued Contributor
Posts: 1,055
Registered: ‎02-03-2009
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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, Pen Fed Promise, Citi (4), Chase (6), Nordstrom Visa,US Bank Cash+, Huntington Voice, UMB Visa, Nasa Plat Cash Visa, Barclay's Visa, 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, Diner's Club MC; FNBO Amex; A few store cards.

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