Co-Signor for Credit Cards

Anonymous · ‎02-03-2015

Hey all,

I know this is a dumb question. However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card? I know about AU, but can I get my own account but someone with a good credit standing sign with me?

Anonymous · ‎02-03-2015

@Anonymous wrote:
Hey all,

I know this is a dumb question. However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card? I know about AU, but can I get my own account but someone with a good credit standing sign with me?

Because of my thin file at the time of apping for Discover IT I was approved with a co-signer so I guess it's possible.

Anonymous · ‎02-03-2015

@Anonymous wrote:
@Anonymous wrote:
Hey all,

I know this is a dumb question. However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card? I know about AU, but can I get my own account but someone with a good credit standing sign with me?
Because of my thin file at the time of apping for Discover IT I was approved with a co-signer so I guess it's possible.

Thanks BlueSky, I actually got burned with Discover once. I'm not going to them again!

They gave me a Pre-Qual and when I applied twenty minutes later, I got denied. Despite Recon, nothing worked. It cost me an inquiry during tough times! Also, it was my bad which my ego fails to accept!

Anonymous · ‎02-03-2015

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Hey all,

I know this is a dumb question. However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card? I know about AU, but can I get my own account but someone with a good credit standing sign with me?
Because of my thin file at the time of apping for Discover IT I was approved with a co-signer so I guess it's possible.
Thanks BlueSky, I actually got burned with Discover once. I'm not going to them again!

They gave me a Pre-Qual and when I applied twenty minutes later, I got denied. Despite Recon, nothing worked. It cost me an inquiry during tough times! Also, it was my bad which my ego fails to accept!

Yep I know the feeling....I was hoodwinked by them also thinking the pre-approval was a real one! It cost me a hard pull in a tough time as well.

scorewatcher7 · ‎02-03-2015

I've never seen it on any application but maybe through a CSR or EO you can tack someone on.

takeshi74 · ‎02-03-2015

@Anonymous wrote:
However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card?

Some do, some don't.

@Anonymous wrote:
Thanks BlueSky, I actually got burned with Discover once. I'm not going to them again!

They gave me a Pre-Qual and when I applied twenty minutes later, I got denied.

Discover didn't "burn" you. Do not rely on prequals. You have no idea when the SP was performed for the prequal and what might have changed since then. Prequals never guarantee anything either way.

@Anonymous wrote:
Also, it was my bad which my ego fails to accept!

There's the real problem. It's not you -- it's your credit. If you're unhappy with a decision then address the deficiencies in your credit.

northface28 · ‎02-03-2015

Id only suggest doing this if the co-signor can be removed from that account once you obtain the card. I am STRONGLY against co-signing of any kind. If you cant get it on your own, theres a reason for that. IMO.

Anonymous · ‎02-03-2015

Couldn't agree more with you guys!

dodgerslv · ‎02-03-2015

@Anonymous wrote:
Hey all,

I know this is a dumb question. However, like Auto or Personal loans do you think there are companies that will allow a co-signor/guarantor to apply for a credit card? I know about AU, but can I get my own account but someone with a good credit standing sign with me?

Discover will allow you to open an account with a co-signer but it will be a counteroffer from them. The option is not available on the actual app. US bank does have the option along with Penfed (but must be a member). So far those are the only ones i know of.

gardening since 5/21/2016

taxi818 · ‎02-03-2015

@northface28 wrote:
Id only suggest doing this if the co-signor can be removed from that account once you obtain the card. I am STRONGLY against co-signing of any kind. If you cant get it on your own, theres a reason for that. IMO.

+1 no way could i ever co sign for someone. imo in most cases its a lose lose for the person doing the co signing. no way. number one reason. the bank will never tell the co signer that the other person is late. you will not find out until it hits your credit report. then its too late. lights out for your good credit. no way. sorry.