topic Re: Authorized User Question in Credit Cards

Authorized User Question

Anonymous — Fri, 10 Mar 2017 00:54:06 GMT

Say for example.

Person A with 783 credit score adds Person B with 605 credit score as an authorized user to one of their high limit cards. Person B has a perfect payment history just very high utilization crippling their score. Would the Bank of person A become more cautious of the account holder in terms of future business? This would be for the purpose of a significant score boost so Person B can then get a new card and consolidate all their little ones through a BT.

Re: Authorized User Question

Anonymous — Fri, 10 Mar 2017 01:04:53 GMT

@Anonymous wrote:
Say for example.

Person A with 783 credit score adds Person B with 605 credit score as an authorized user to one of their high limit cards. Person B has a perfect payment history just very high utilization crippling their score. Would the Bank of person A become more cautious of the account holder in terms of future business? This would be for the purpose of a significant score boost so Person B can then get a new card and consolidate all their little ones through a BT.

No, in almost all cases they dont even know about the credit of the AU. The bank only cares about your usage, payment history and overall credit picture including utilization. Note, Amex is bit different as they do ask for SSN of AUs and won't allow AU to be added if they are blacklisted by Amex. Still that wouldnt affect your relationship wiht them.

Re: Authorized User Question

Anonymous — Fri, 10 Mar 2017 01:12:22 GMT

No, since Person A is legally responsible for any charges Person B makes. Person B has no responsibility at all for the account or any charges they make. This card though would probably help Person B's overall Utilization depending on what the CL is and the account history. If this account does get a late payment it will negatively effect person B though.

Re: Authorized User Question

Anonymous — Fri, 10 Mar 2017 01:28:09 GMT

Thanks guys, about Person A being responsible for the AU card of Person B that's what I meant of wondering if the bank would become more cautious then. But if picking a bank that wouldn't know of the credit situation of the AU is a possibility, then that's awesome.

Re: Authorized User Question

Anonymous — Fri, 10 Mar 2017 01:50:30 GMT

99.9% of banks don't care because as I said Person A is responsible so it doesn't matter, it wouldn't even matter if person B had just filed bankruptcy they don't even check. As long as there is pure trust between person A and B then go ahead and add them most you can just do it online.