topic Re: Costco Visa CITI in Credit Cards

Costco Visa CITI

Anonymous — Thu, 15 Nov 2018 07:13:23 GMT

If my auntie adds me under her card, I already have 3 CITI advantage, is this fine or it will be bad?

Will it also help increase my score?
I just don’t want to open a Costco citi for myself since I have 3 Citibank cc already

2. Will it also help build credit on my own reporting I’m an authorized user for this specific card?

Re: Costco Visa CITI

HeavenOhio — Thu, 15 Nov 2018 14:08:06 GMT

We'd need to know a lot more about your profile before we could hazard a guess about scoring impact. Generally speaking, the most important scoring factor would be the age of the account being added. Keep in mind that it's possible that there'd be no impact at all. Or it might affect some scores but not others. And of course, lenders can regard AUs any way they'd like.

In your case, though, it sounds like you want to use the card. That's the "real" reason for being an AU. If it's convenient for both you and the primary user, go for it.

Note that if scores are a concern, AU cards should report at or near zero.

Re: Costco Visa CITI

Anonymous — Thu, 15 Nov 2018 14:18:55 GMT

Thanks. I want to build credit and I like the Costco card’s warranty offers.. I wouldn’t want to ask my aunt to buy something if I can worn my own card so being an AU For thst car is something I want to do.

What do you mean other want to be an AU and not want to use it for the real deal?

Re: Costco Visa CITI

Malcono — Thu, 15 Nov 2018 14:26:29 GMT

We need a lot more info.

Your current scores, your credit limits, your util%, age of accounts.

And then it also depends on your aunt's credit age/line/util%.

There are a lot of variables here, and we can't make a guess without you giving us more info.

Re: Costco Visa CITI

Anonymous — Thu, 15 Nov 2018 14:31:16 GMT

She has 745 I have 720 score. Her costoc card is 2 months old with one AU, her daughter. I live with her and want to this caed for my purchases.

I have US BANK, Discover it, and 3 Citibank card (advantsbr and platinum)

Re: Costco Visa CITI

HeavenOhio — Thu, 15 Nov 2018 14:43:26 GMT

@Anonymous wrote:
Thanks. I want to build credit and I like the Costco card’s warranty offers.. I wouldn’t want to ask my aunt to buy something if I can worn my own card so being an AU For thst car is something I want to do.

What do you mean other want to be an AU and not want to use it for the real deal?

Sometimes people add AUs simply to give that person's credit history a boost. In cases like that, the AU doesn't always use the card. And in some cases, the AU isn't even given the card.

I think that with your profile, the addition of the AU isn't likely to cause your score to move much either way. From a scoring standpoint, the critical thing is that you and your aunt can make the card report zero if either of you ever need it to do so. Otherwise, simply keep the reported balance relatively low when it's reasonably convenient to do so.

Re: Costco Visa CITI

imaximous — Thu, 15 Nov 2018 14:49:58 GMT

In order to get a Costco Visa, I believe you also need to be a member of Costco. Do you have your own Costco membership?
Costco allows 1 additional household member for each account, so I assume her daughter is already the additional household member? If that's the case, you won't be able to get the card unless you have a separate Costco membership. If you already do, forget what I just said.

Re: Costco Visa CITI

Anonymous — Thu, 15 Nov 2018 15:11:24 GMT

So CITI will report my account to EXPERIAN let’s say? And that it will be like my own account?

Re: Costco Visa CITI

HeavenOhio — Thu, 15 Nov 2018 16:01:29 GMT

@Anonymous wrote:
So CITI will report my account to EXPERIAN let’s say? And that it will be like my own account?

Maybe. It may be treated as your own account, or it may be ignored. And different versions of FICO may treat it differently. The fact that you both have the same address increases the chances that it will be treated like your own account.

Re: Costco Visa CITI

imaximous — Thu, 15 Nov 2018 16:01:52 GMT

@Anonymous wrote:
So CITI will report my account to EXPERIAN let’s say? And that it will be like my own account?

No. It'll say "Authorized User" for any accounts that you're not the primary account holder.

Re: Costco Visa CITI

HeavenOhio — Thu, 15 Nov 2018 16:03:29 GMT

Yeah. It'll definitely say "authorized user." And lenders may treat the account differently than FICO does.

Re: Costco Visa CITI

Anonymous — Thu, 15 Nov 2018 22:56:37 GMT

I see. My AMEX Which I am an AU shows in EXPERIAN as if I own the account

I have my own number apart from the primary owner. Could that make it seem it’s like my own card to EXPERIAN?

Re: Costco Visa CITI

CreditInspired — Thu, 15 Nov 2018 23:25:34 GMT

@kjblue said, “I wouldn’t want to ask my aunt to buy something if I can worn my own card so being an AU For thst car is something I want to do.”

OP because of the typos in your statement, I’m not sure what you’re saying. Even if you have your own card as an AU, your aunt would still be responsible for any charges you make. You probably know this but I just wanted to make sure.

Re: Costco Visa CITI

Anonymous — Fri, 16 Nov 2018 00:45:03 GMT

I wouldn’t want to ask my aunt to buy something for me if I can use my own card ...
so being an AU for that card is something I want to do to establish good repationship with the citi bank instead of opening a new card again with them for the Costco

Or can they convert my platinum card to Costco card with no problem?

I just don’t like when it leaves a bad thing of on your cred report when you close accounts even with 0 balance. I guess lenders don’t like seeing such...

I just want the Costco warranty when you use CITI Costco and I will pay for my own so I wouldn’t to just give cash for my aunt to pay for it.. that’s why I want to be an AU is it will not hurt my relationship with CITI if I went and applied myself. I do have Costco card...

So it’s either I apply as an AU or if they can convert my platinum citi card or literally appt for a new application, which I really don’t want to do.

Re: Costco Visa CITI

Anonymous — Tue, 20 Nov 2018 00:26:25 GMT

I am an AU now of my aunt and I do want to make my own purchases with it at Costco for some electronics. Do you think it will build my credit if I use it or my aunts credit will be the one improving? I just don’t want to open one now having so much inquiries.

Thanks