Reply
Valued Contributor
Posts: 2,281
Registered: ‎09-16-2011
0

Re: Just added my sister as authorized user-question

Since a Cap1 is allready on her report, I would suggest a cap1 card, then wait 6 months, and go for Chase freedom, clean report, 6 months of history will probably get her in the door, I would also recomend AMEX PRG, buy a pack of gum, pay it off put it away, just to lock in membership year,  set a calendar event for 11 months later to have her call and cancel it unless she has work/lifestyle requirements that make the card make sense, lock the card up in a safe deposit box or a safe so she can use the number when she is ready to be an active AMEX member for backdating goodness,  She could also consider a Discover IT at some point.

 

 

Cards: Chase Southwest 20k & CSP 10k & Freedom 6.6k & Amtrak 4.6k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 12k Sally Mae5k Sams Club MC 10k, Paypal Extras MC 6k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5k, Walmart 10k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 10k and a nice stack of store cards.
Last APP/HP 4/22/2015
New Contributor
Posts: 182
Registered: ‎11-26-2013
0

Re: Just added my sister as authorized user-question

Who does she bank with? Wells Fargo gave me my first card, and they were generous. It might be easier for her to be approved and manage a card that is linked to an account she already checks.
Discover Tu 730(2/14) DCU Eq 725(2/28)

Bouncing back from new accts and inqs. Hope to be back over 760 soon.
Valued Member
Posts: 28
Registered: ‎12-29-2013
0

Re: Just added my sister as authorized user-question

We bank at Regions. Good bank as far as bank accounts (in our experience) but their credit cards don't seem to get rave reviews from what I read so I think they are out. I will probably advise her to either do DiscoverIT or stick with Cap One since she will have an established cc relationship with them. The card that I added her on has a 3 year excellent credit history on it, so she will already have a good advantage. I remember I had to start from the very very very bottom and build my way up by myself so hopefully she won't have to go through as much credit file building as I did.

Valued Contributor
Posts: 9,045
Registered: ‎10-21-2012
0

Re: Just added my sister as authorized user-question


Tonydga wrote:

We bank at Regions. Good bank as far as bank accounts (in our experience) but their credit cards don't seem to get rave reviews from what I read so I think they are out. I will probably advise her to either do DiscoverIT or stick with Cap One since she will have an established cc relationship with them. The card that I added her on has a 3 year excellent credit history on it, so she will already have a good advantage. I remember I had to start from the very very very bottom and build my way up by myself so hopefully she won't have to go through as much credit file building as I did.


I would agree.  Regions doesn't really have too much of great CC products, let alone their stringent qualification criteria.

Valued Member
Posts: 28
Registered: ‎12-29-2013
0

Re: Just added my sister as authorized user-question

I do have a question....will her $4k annual salary be an issue all things above considered?
Highlighted
Valued Contributor
Posts: 9,045
Registered: ‎10-21-2012
0

Re: Just added my sister as authorized user-question


Tonydga wrote:
I do have a question....will her $4k annual salary be an issue all things above considered?

The income may come into play with some lenders but if she is still currently a student, then she could likely try the student version of the Discover CC down the road, Citi also offers a couple student CCs as well.

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.