AoAA question

[howellco2]

My Grandmother has a Amazon Visa the Account is 6 years old  has a Bal of 1000 Credit line is 3500 .  She lives wirth me and i help her pay bills infact the 1000.00 in on a promtion she charged for me and I pay   If she adds me as a Authorised user will the 6 years add to my report  or will the 1000 of 3500 make my score worse

really im asking do you think it will help or hurt score more

[Anonymous]

We need some more information before any of us can hazard a guess:

*  What is the oldest account currently on your reports?  (open or closed)

*  Has there ever been a late payment on your grandmother's card?

*  What is your current CC utilization?  What is your total credit limit?

*  Do you think you could pay your grandmother's card to $0?  If so, by when?

The general idea when considering whether you could benefit from being added as an AU is to find a card that is:

    (a) much older than your oldest account

    (b) free from any late payments

    (c) capable of being kept at a very low balance (or $0).

If all three things are true about the card, go ahead and try it.  Otherwise it is not worth doing.

[howellco2]

oldest is 3 years  open CC 

Im going to start paying it down faster the charge is mine anyway  

and nope never been late 

as for my Balance last month i had 3$ reporting

[Anonymous]

Until you can get her balance paid down to $200, I would not try the AU experiment.  More likely to hurt rather than help given the card's currently higher utilization.

After you do that it might give you a few points.  The reason it won't be more than a few is that her card isn't "much much older" -- just a couple years older.