08-14-2012 02:17 PM
I'm encouraging my GF of a few years to start rebuilding her credit. She's had some knocks in the past and I want to help her out if I can. She's watching me rebuild mine and it's going great.
I'm considering adding her as an AU to my AMEX account but not actually giving her a card. She wouldn't actually use the account (her idea.) Just enjoy the tradeline on her report to help rebuilt.
What do I need to know?
Shat does she need to know?
Thanks in advance.
08-14-2012 03:34 PM
She can order a replacement card at any time.
She's responsible for her charges if you default.
Being ACM does not build history with Amex. It's not the same as having an account.
08-14-2012 03:54 PM - edited 08-14-2012 03:54 PM
But it will show on her report right?
Is she responsable for my charges if I default?
08-14-2012 04:50 PM
It should report.
I don't believe they'd hold her responsible for your charges.
USAA and Amex are the only two I'm certain hold AU/ACM responsible for their own charges. USAA is worse and provides the primary no protection.