topic Re: Authorized User name and activity in Credit Cards

Authorized User name and activity

Anonymous — Sun, 17 Jul 2016 03:58:19 GMT

My wife and I wanted to open a credit card each and add each other as the authorized user. It is important to us that the Credit Card statement shows the names of both the primary and the authorized user. We do not care as much to see the specific transactions made by the authorized user(since we are married and our finances are combined) but showing both names on the statement is a must. Which companies or banks still do that. I know Chase doesn't yet.

Re: Authorized User name and activity

Closingracer99 — Sun, 17 Jul 2016 04:04:51 GMT

US bank allows you to signup as a joint account the last time I apped for one which was a while ago ...

Re: Authorized User name and activity

Anonymous — Sun, 17 Jul 2016 04:17:49 GMT

@Anonymous wrote:
My wife and I wanted to open a credit card each and add each other as the authorized user. It is important to us that the Credit Card statement shows the names of both the primary and the authorized user. We do not care as much to see the specific transactions made by the authorized user(since we are married and our finances are combined) but showing both names on the statement is a must. Which companies or banks still do that. I know Chase doesn't yet.

While I cannot answer this question as good as I would like to, BOA did not differentiate AU charges when I was one in the past, the card number was identical. May I ask why exactly you want to do this? Since they are going to be new accounts, you really won't benefit that much (as far as improving your average age of accounts). If your credit scores were both great and you knew the new limits would be high, you didn't have very much available credit now, and you would keep the balances low, then I suppose it would have an added benefit besides showing who spent what. Generally speaking the only benefit in adding an AU aside form a bonus, would be to improve ones score with adding an older account for its payment history, etc.

Otherwise if it were me I would keep things separate, it would be easier to keep track of who spent what, without dropping their average age of accounts. And you can also transfer balances from one person to the other with less negative impact.

Off topic, but I would not get a joint account unless it was an approval situation where you had no other choice (joint accounts dont usually differentiate charges afaik).

If your scores are good and you can find cards beside amex that do differentiate, and its what you want, then that is what you should do.

Re: Authorized User name and activity

DantGwyrdd — Sun, 17 Jul 2016 05:54:12 GMT

Capital One shows both users on the statement including who charged what to the card.

@Anonymous wrote:
@Anonymous wrote:
My wife and I wanted to open a credit card each and add each other as the authorized user. It is important to us that the Credit Card statement shows the names of both the primary and the authorized user. We do not care as much to see the specific transactions made by the authorized user(since we are married and our finances are combined) but showing both names on the statement is a must. Which companies or banks still do that. I know Chase doesn't yet.
May I ask why exactly you want to do this?

Immigration comes to mind (LPR here), USCIS likes to see comingled finances.

Re: Authorized User name and activity

Anonymous — Sun, 17 Jul 2016 05:59:17 GMT

Capital One shows the name of the primary and any authorized user in the detailed transactions part of a statement. It also differentiates which charge is made by which card.

However, it does NOT show both names where the mailing address is. ONLY in the detailed portion of the statement where it lists all the transactions.

Re: Authorized User name and activity

UncleB — Sun, 17 Jul 2016 12:06:35 GMT

I've had numerous cards over the years where the AU purchases were separated and listed under the AU's name, but the only time I've had both names appear with the mailing address is when it was a joint account (not AU, but actually both responsible for the debt).

Re: Authorized User name and activity

DantGwyrdd — Sun, 17 Jul 2016 16:58:03 GMT

The only bank statment in general I get that shows both my & DW's name in the mailitng address itself is our joint BB&T checking account statement (other's may or may not list both of us somewhere in the statement intself, but just one of us is in the mailing address) which may or may not carry over to their CC statements but I'm not an AU on her BB&T CC nor do I really have any desire to be so maybe someone else with BB&T experience could chime in.

Credit cards that show the name of authorized user up top

Anonymous — Thu, 28 Jul 2016 03:50:01 GMT

My DW and I have 2 credit cards where we have each other as AU's. We have CSP and AMEX EDP. None of them show the AU name on top where the mailing address is written. Are there any cards that do that? It is important for us for proof of residence purposes. Are there any banks that still do that? Or allow joint credit cards?

Re: Credit cards that show the name of authorized user up top

Anonymous — Thu, 28 Jul 2016 04:16:29 GMT

@Anonymous wrote:
My DW and I have 2 credit cards where we have each other as AU's. We have CSP and AMEX EDP. None of them show the AU name on top where the mailing address is written. Are there any cards that do that? It is important for us for proof of residence purposes. Are there any banks that still do that? Or allow joint credit cards?

http://ficoforums.myfico.com/t5/Credit-Cards/Authorized-User-name-and-activity/m-p/4682775

http://ficoforums.myfico.com/t5/Credit-Cards/Joint-Credit-Card/m-p/4681535

I'd just add that while briefly having a joint account with Bank of America, they do show both names on the address field. Then down the road if you wish to separate it, you can, but it will be a HP.

Most credit unions will do this and will show both names in the address field.

I would evaluate keeping each other on the cards as AUs. In the event you want to BT from one person to another, or if you both had high utilization its not going to be pretty.

But totally get the need for joint in this case.

Re: Authorized User name and activity

Anonymous — Thu, 28 Jul 2016 16:47:36 GMT

As stated above, credit unions do joint credit card accounts, as does Bank of America. Discover also does joint accounts.