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