Credit Card Center Advertiser Disclosure†
03-27-2013 06:27 AM
03-27-2013 06:42 AM
Surprised no one mentioned Macy's.
Macy's card apply IN PERSON at the store, both of you must be present.
Fill in the app with your information on top (primary) and his on bottom (secondary)
only YOU will get a credit pull, they will not even CHECK his credit if your score is above 720.
This will result in a better limit for you and him as a joint account than many other card companies, and it also creates 2 accounts at once if your score is above 720.
Instore account + Amex account for you both. Buy something at the store, it'll credit Macy's store. If you use the card outside it'll go towards Amex account.
03-27-2013 07:01 AM
03-27-2013 07:35 AM
Plus if you got an amex and added him as an au, when he has good enough credit to get his own amex it will back date and help his AAoA
That is no longer correct. AMEX doesn't backdate a new individual account to the date they previously became an AU (or "ACM" Additional Card Member) unless it's done by mistake which is rare.
03-27-2013 07:46 AM
Considering that sounds like it would start his relationship with amex for a backdated, the Macy's card sounds like a great idea
Macy's American Express is backed by Citi, it is not an American Express Bank Credit Card. Also you may only get the store card as they are actually 2 different credit lines.
But yes something like the Gold charge card from american express is a good choice to help an AU and free for a year.
03-27-2013 07:53 AM
03-27-2013 07:55 AM
03-27-2013 08:15 AM
Re: AMEX charge card....I'll probably be opening one of these up but only for a year, don't want to pay AF....plan to app for a revolver at that point.
If he's added as AU on the charge and its closed in a year, will that TL stay on his report after its closed?
As long as he's not removed from the account, if he's listed as an ACM, it will report for at least 10 years (99% of the time, barring any reporting glitches that AMEX sometimes has).
03-27-2013 08:24 AM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.