topic Re: AU Question in Credit Cards

AU Question

Anonymous — Fri, 26 Sep 2008 16:52:17 GMT

I have a question about being an AU... Say someone adds you to their card...

1. What posts on your CR?

2. Do you get time benefits from the date they received their card?

3. Do you get their high limit benefits?

4. How does this work?

Also, say their CL is $20,000, and they are using $15,000 or heaven forbid $19,000 or more, do you get penalized for their high balance? What if they are late on payments? Can being an AU hurt you more than it helps?

Could someone explain this to me. Sorry for so many questions, please try to help me understand how an AU works.

Re: AU Question

haulingthescoreup — Fri, 26 Sep 2008 17:00:58 GMT

It looks just like any other account entry, but somewhere, where it says "responsibility" or "ownership", it will say authorized instead of individual (or joint.)

You get everything that the actual owner gets: age, CL, util, payment history on that account.

You want to use an account that is older than your average age, has very low util, has perfect history or maybe one ancient 30-day, and a decent CL. And then be very, very nice to that person. My husband loves to pull out his Discover two days before statement drop day, and then I have to scramble online to get it paid. (the OCD in me, and all)

Re: AU Question

Anonymous — Fri, 26 Sep 2008 17:10:38 GMT

Thats what I was afraid of... my company wants to add all of us office managers as AU's on a company card since they do not want to have petty cash drawers anymore (that way they can keep a better list of what we are spending the petty cash on and reduce internal temptations).

Although I agree with it from a business standpoint, I don't want to be an AU on their card. I know they are late with payments (darn near every freaking month) and near the limit every month as well, it deosn't matter that we PIF either.

My scores I am working hard to improve will tank showing a $19,000 balance on a $20,000 card.

Re: AU Question

haulingthescoreup — Fri, 26 Sep 2008 17:14:56 GMT

Whew, you're right. Do you know for sure that it would show on your personal credit report, though?

This isn't quite the same thing, but DH has a corporate AmEx green card, and it does not show on his reports.

Re: AU Question

Anonymous — Fri, 26 Sep 2008 17:18:09 GMT

It would be a MasterCard so I am not sure if it will rpeort or not.... I hope it doesn't show up on my reports... I'll be honest with you, the 20 plus years of history would be crushed by the often 90 percent utilization.

Re: AU Question

jbh — Fri, 26 Sep 2008 17:22:32 GMT

Are there any cards you recommend for those who have heavy au usage but non revolving accounts? Also, how do ccc's view this during manual review? Or is the idea to apply only for 'instant approval' type ccc's?

I had the same q's and had to jump on this.