topic Re: Setting up an Authorized User. I have some Question. in Credit Cards

Setting up an Authorized User. I have some Question.

TyRacing — Thu, 12 Sep 2019 17:46:12 GMT

I'm planning on adding my mother as an Authorized User to help her build credit (has no credit). but first i need to know which card reports to all three credit bureaus Experian, Equifax, and TransUnion

What credit bureaus do my following cards report to? and Do they report my history in full (payments, age, Util, etc)?

Amex BCE

BoA Cash Rewards - Mastercard

Cap1 Savor One - Mastercard

Chase Freedom - Visa

Chase FU - Visa

Chase Amazon Prime - Visa

US Bank Cash+ - Visa S

Thank you for the great support!

Re: Setting up an Authorized User. I have some Question.

FinStar — Thu, 12 Sep 2019 18:18:34 GMT

All of the cards you listed report to all the 3 CRAs. All of them report account history, CL, payments, reported balances, etc.

While a variety of them can backdate the history when an AU is added, AmEx will not, it goes by the date the AU is added, but in your situation not much of an issue since the CC is ~3 months in age.

Re: Setting up an Authorized User. I have some Question.

TyRacing — Thu, 12 Sep 2019 21:35:40 GMT

and no HP on both my and her credit? for doing this right?

Re: Setting up an Authorized User. I have some Question.

FinStar — Thu, 12 Sep 2019 21:40:15 GMT

That is correct, there is no HP for being added as AU.

Most lenders typically request the DOB, but in some cases, the AU address and/or SSN, but again this is to ensure that the information on the AU reports accurately.

Re: Setting up an Authorized User. I have some Question.

K-in-Boston — Fri, 13 Sep 2019 00:04:31 GMT

One thing that I will add is that if you do not share an address, it's possible that some of the cards will never appear on one or all of her credit reports.

Re: Setting up an Authorized User. I have some Question.

Raisondetre — Fri, 13 Sep 2019 05:25:54 GMT

I'm an AU on three Chase cards and it doesn't seem to report to Equifax, just TU and EX.

Re: Setting up an Authorized User. I have some Question.

Anonymous — Fri, 13 Sep 2019 10:06:21 GMT

@K-in-Boston wrote:
One thing that I will add is that if you do not share an address, it's possible that some of the cards will never appear on one or all of her credit reports.

Absolutely this! Happened to me

Re: Setting up an Authorized User. I have some Question.

TyRacing — Fri, 13 Sep 2019 17:01:07 GMT

@Raisondetre wrote:
I'm an AU on three Chase cards and it doesn't seem to report to Equifax, just TU and EX.

have a different address from AU?

Re: Setting up an Authorized User. I have some Question.

Harvey26 — Fri, 13 Sep 2019 18:59:27 GMT

@TyRacing wrote:
I'm planning on adding my mother as an Authorized User to help her build credit (has no credit). but first i need to know which card reports to all three credit bureaus Experian, Equifax, and TransUnion

What credit bureaus do my following cards report to? and Do they report my history in full (payments, age, Util, etc)?
Amex BCE
BoA Cash Rewards - Mastercard
Cap1 Savor One - Mastercard
Chase Freedom - Visa
Chase FU - Visa
Chase Amazon Prime - Visa
US Bank Cash+ - Visa S

Thank you for the great support!

I would not add her too all. I would only add her to BOA that seems to be your oldest card. Once that reports she should be able to get approved with Capital One or Discover or Amex. Chase will require at least a 1 year of her own history unless she has deposits with them and is prequalified.

Re: Setting up an Authorized User. I have some Question.

K-in-Boston — Fri, 13 Sep 2019 19:37:27 GMT

Good call on the BoA, actually. I hadn't hovered over the account ages.

Re: Setting up an Authorized User. I have some Question.

TyRacing — Fri, 13 Sep 2019 19:56:14 GMT

@Harvey26 yes i was thinking of my BoA CR. and just wondering if she will be able to pick her own 3% category? or will share my 3% category?

Re: Setting up an Authorized User. I have some Question.

aesl1982 — Fri, 13 Sep 2019 19:47:09 GMT

I’m an AU on my wife’s capital one cards. And they reporting to ex and tu. But not eq. Dunno why. Her report they report to all three

Re: Setting up an Authorized User. I have some Question.

RSX — Fri, 13 Sep 2019 19:52:22 GMT

Does she have to get a card?

if you are trying to help her build credit, add her as an AU then keep the card your self

she will get the benefit without using the card

also. When adding an AU

1. Lowest Util card

2. Oldest card that falls in item 1

Dont add an AU to a card you use for BT or has over 30% util

Re: Setting up an Authorized User. I have some Question.

K-in-Boston — Fri, 13 Sep 2019 20:20:56 GMT

@TyRacing the AU card would have the same categories. Actually, BoA AU cards are completely identical to the primary cards (account number, expiration date, CVV) other than the name on the card. I don't have them in front of me, but I want to say that Chase and Citi AU cards are the same. Certainly if one card is all that's needed and she has no other revolving cards on her reports, then the BoA would probably be the clear choice here since it has surpassed the 2 year mark. Even if the utilization were fairly high on it, in most cases a profile having a revolving card with higher util vs not having a revolving card at all is going to benefit the person more.

@aesl1982 you may find this thread interesting as active AU accounts have begun disappearing for LauraC and I have also been going through the same thing with disappearing and reappearing AU accounts.

Re: Setting up an Authorized User. I have some Question.

TyRacing — Fri, 13 Sep 2019 21:14:47 GMT

what about login... will she get her own login and be able to pay via online? or she would have to pay me? how does that work?

Re: Setting up an Authorized User. I have some Question.

K-in-Boston — Fri, 13 Sep 2019 21:21:08 GMT

Very few lenders give AUs their own login.

American Express - AU can have online access, only sees their own charges and available credit, can make payments, can't touch rewards unless you specifically enable it.

Bank of America - no AU online access.

Chase - no AU online access.

Citi - nearly full AU access; can't request CLIs.

Discover - no AU online access.

Most store cards have no AU access (Citi Best Buy does and like regular Citi cards it's almost full access). Not sure about any of the CUs.

Re: Setting up an Authorized User. I have some Question.

Raisondetre — Sat, 14 Sep 2019 04:43:06 GMT

@TyRacing wrote:
@Raisondetre wrote:
I'm an AU on three Chase cards and it doesn't seem to report to Equifax, just TU and EX.
have a different address from AU?

Nope, we live at the same address.