Dangers of AU?

[Nick777]

Hello all - this question has to do with Authorized Users (AU). I am considering giving AU privileges to my girlfriend and my brother. However, I want to be protected; I don't want to sound paranoid, but it is possible that someone would try to actually use the card for a charge or cash advance. How can I protect myself from this happening - just give someone the benefits, but avoid having the risk? Thanks in advance!

[Tuscani]

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Nick777 wrote:
Hello all - this question has to do with Authorized Users (AU). I am considering giving AU privileges to my girlfriend and my brother. However, I want to be protected; I don't want to sound paranoid, but it is possible that someone would try to actually use the card for a charge or cash advance. How can I protect myself from this happening - just give someone the benefits, but avoid having the risk? Thanks in advance!

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You can add them as an AU without giving them a card.

[Nick777]

Is it possible that someone could still either use the card or call up the credit card company and get a new card issued?

[Anonymous]

As hard as I have been working on my FICO scores, I don't believe I would trust an AU...especially if they have a card. No way.

[MidnightVoice]

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Nick777 wrote:
Hello all - this question has to do with Authorized Users (AU). I am considering giving AU privileges to my girlfriend and my brother. However, I want to be protected; I don't want to sound paranoid, but it is possible that someone would try to actually use the card for a charge or cash advance. How can I protect myself from this happening - just give someone the benefits, but avoid having the risk? Thanks in advance!

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Are you just talking about benefits of more age and credit lines on their CRs?  If so, they don't need to know the card number or anything!!

[Anonymous]

"Is it possible that someone could still either use the card or call up the credit card company and get a new card issued?" Yes. They can certainly see the tradeline on their report, and call the issuer for a card. If you don't trust them, don't make them an AU.

Message Edited by okrogius on 06-01-2007 12:42 PM

[Anonymous]

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okrogius wrote:
If you don't trust them, don't make them an AU.

Message Edited by okrogius on 06-01-2007 12:42 PM

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Exactly.