Reply
Regular Contributor
pt2005
Posts: 129
Registered: ‎10-12-2012
0

Chase Freedom authorized user question

Hi all,

 

I'm planning to add my husband as an Authorized user to my Chase Freedom ($5500 CLI) to help improve his scores. And I did attempt to do it online. But the Chase online asked his First & Last Name without SSN. I copied and pasted the text from Chase Online without proceeding. My question is item #3.

 

Should I or should I not add him? 

Thanks

 

Share the convenience of your account by authorizing other user(s) to access your account. Each authorized user will receive his or her personal card and will enjoy full access to your account. 

There are several things you should know about adding an Authorized User:
1. As the Primary Cardmember, you will be liable for all account balances.
2. Your Authorized User will not have financial responsibility for the account.
3. For the Authorized User, this account will be reported to the credit reporting agencies as an Authorized User's account. This could potentially impact the Authorized User's credit score.
4. All correspondence including statements and notifications will be sent to the address listed on the account.

FICO Scores: EX 744 (Quizzle), myFICO EQ 675, myFICO TU 708
Credit Cards: Chase Freedom 7k | Cap1 Spark Cash 5.5k | AMEX TrueEarnings 4.5k | Cap1 Cash Visa 3.5k | Cap1 Cash MC 3.5k | AMEX SimplyCash 3K | Discover IT1k
Store: PayPal SmartConnect 5k | JCP 4.2k | Banana 3k | Walmart 2.2K | Kohls 1500 | TargetRED 300
Valued Member
Watts
Posts: 33
Registered: ‎10-10-2012
0

Re: Chase Freedom authorized user question

I vote Yes
Moderator
Shogun
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Chase Freedom authorized user question

Yes, he will only get the credit for that particular account. 


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}