03-26-2013 07:14 PM - edited 03-26-2013 07:15 PM
03-26-2013 07:18 PM
Chase Freedom is my first thoiught
Granted, I'm no expert in this game
FICO EX 739, 2013 Jun. FICO TU08 791, 2014 Apr. FICO EQ 736, 2013 Aug.
BofA Cash Rwrds Sig V 2013 10k; Fidelity Rewards AmEx /BofA 2013 15.4k; Chase Freedom Sig V 2002 24.1k; Chase Amazon Rwrds Sig V 2011 8k; Sam's Club GE Dscvr 2002 10k; Dscvr It 2012 10k; Citi Dvdnd Plat Sel V 2013 8.9k; PenFed Plat Rwrds V 2013 20k; AmEx Blue Sky 2013 21.6k; Priceline Rwrds Sig V 2013 8.7k; PayPal Xtras GE Cap Plat MC 2012 5k; JC Penny 2011 1k
03-26-2013 07:28 PM
I'm trying to help my partner build credit, he currently has none. I know all the risks and warnings of opening a joint account and I am willing to accept those risks. What I want to know is what cards would be good to ap for. I would like to get a card from a prime bank so that it looks better for his credit when he apples for cards or loans on his own, rewards would be nice since it will be PIF every month until its closed.
My stats are: AAOA 5.5 yrs, Oldest account 17 yrs, Overall Util 6.5%, INQs: TU 5 (3 over a year, 2 for GE), EQ 4 (all over a year), EX 4 ( all over a year); 1 30d late (6/08); Discover it $12K (4/12), Cap1 Platinum $500 (2/07), Chase $750 (3/07), GE Lumber Liquidators $2.5K (12/12), GE CareCredit $2K (1/13)
Current Scores: EQ 766, TU 752
His Stats: No credit accounts .......1 - collection for $2300 that's 6 yrs old (being disputed but having trouble having it removed), 1 - collection that we are working a PFD for $65 from 3 yrs ago
What are my best options?
Not everyone offers Joint accounts, Capital One for instance. It may not be that easy to get prime CC.
If you don't find a joint account you like, consider a secured card for your partner (loan him the money if you need). IMO, a better approach. Then when his credit report is clean, he will have some good history.
03-26-2013 07:35 PM
03-26-2013 07:35 PM
03-26-2013 07:45 PM
03-26-2013 07:51 PM - edited 03-26-2013 07:53 PM
03-26-2013 10:13 PM
I'm sorry but I'm still gasping over your $12k limit with Discover with $3k being your highest after that? sigh
Okay... He is AUTH on your Discover but it's not reporting??
HMMM, strange... Discover "use" to offer joint, but it's like Chase... you can call and they sent out a form to add the joint holder and then they would add with no pull... but if you want off or want them off, it's a close and apply for a new card on your own (Discover) Chase allows you to "apply" basically to remove 1 joint person but it will cost both of you a HP and if they don't think you qualify to have the account on your own it will reain joint or they may close the account if they no longer like either of you!
USbank offers Joint from opening point (put yourself first!)
GE allows joint (again it's once it's open and you can call and request the form to add (no pull) no option to go back, joint or close!
Amex is probably best - Only AU but it WILL report!
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