Reply
Regular Contributor
Posts: 133
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 8: EX 731, EQ 731, TU 725

Credit Cards: Chase Freedom 9.5K | AMEX TrueEarnings 4.5K | Cap1 Venture Visa 3.5K | Cap1 QS MC 3.5K | Discover IT 1K | Cap1 Spark Cash 15K | AMEX SimplyCash 9K

Store: PayPal SmartConnect 10K | JCP 5.2K | Banana 3.3K | Walmart 4.5K | Kohls 1.5K | TargetRED 200
Valued Member
Posts: 33
Registered: ‎10-10-2012
0

Re: Chase Freedom authorized user question

I vote Yes
Moderator
Posts: 13,761
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!
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.