topic Re: Do some cards not report on an Authorized user's CR? in Credit Cards

Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 16:27:06 GMT

Hey gang, I am thinking about adding my semi-adopted daughter to a couple of my cards as an AU and was just curious it there were some cards out there that wouldn't show up on her credit report if I did this. Don't want to waste the time if it won't help her out.

Thanks in advance.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 16:38:47 GMT

I know, with certainty, that Chevron (issued by GeMB) does not report on the AU credit. I have a BF as an AU on my account and it does not report on his CR.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 16:55:44 GMT

I dont know which ones don't! but I do know from personal experience that BOA rewards Visa, AMEX and Discover report on AU's CR...

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 19:18:15 GMT

Authorized User's may not report on your credit, even if the issuing CCC normally does. If the AU has a different address than the account statement address, it is very probable that it will NOT reflect on the AU credit.

Why? Unless the CCC required the SS# of the AU, there is no way to link them to the account. If the AU lives at the same address, then the combination of name and address will likely report the AU on their credit because name and address combination can link it.

So, if you want the AU to be reported, the statement address will have to be added to the AU CR so that it links up.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 19:23:17 GMT

Good info! Just to make sure that I'm not doing anything shady, the express purpose of doing this is to help her out and get her a good credit file started. She will not actually be using the card. Are there any legalities I should be concerned with if I list her address as my own seeing as how she is there almost every day visiting my wife and daughter? I by no means want to step into a possibly "grey" area by doing this

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 19:38:40 GMT

The best way for her to establish credit is with a Credit Union and savings secured credit card. If she can't afford to save money, she can't afford credit. My opinion.

Credit Unions are member owned, so they focus on member benefits rather than shareholder returns. They are conservative, but they treat you as an individual more so than big banks.

If this person does not live with you, is not related and does not have use of the card, then you are in fact manipulating her credit. What I mean by this is your sole intention is to improve her credit score when in fact she had done nothing to be more credit worthy.

My advice: This is not the best way to start credit if this is not a daughter, grand daughter, relative and will not actually have any access. Good credit is not quickly established.

There are student cards, starter cards and what are known as "crap" cards that issue to no-credit or bad credit types, but they quickly outlive their usefullness because they don't grow, the fees are high and CL's are stuck submarine.

With the Credit Union, within 6 months to a year she can have her secured card unsecured and have a real financial/credit relationship that will help her in the future and she will be developing good credit habits. Never do for someone what they can do for themselves, just help them get there.

Of course, this is my opinion and many may disagree.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 19:44:44 GMT

Very good point. THe only reason I was considering this is because she has to be the most responsible 18 year old i know. Works two jobs, straight As in school, plenty of money in savings. Maybe the better option would be to co-sign an account with her. Something with a small balance that I could cover if the need ever arose.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Tue, 07 Apr 2009 19:51:56 GMT

That would actually do more for her credit than an AU account.

Have her open a savings account with a student credit union or other credit union, then get the loan (you can co-sign) there. This will develop personal credit, establish a good banking relationship and put her on the road to great finances and credit.

You seem to be a great friend!

Re: Do some cards not report on an Authorized user's CR?

CreditAble — Tue, 07 Apr 2009 19:54:25 GMT

@Anonymous wrote:
She will not actually be using the card. Are there any legalities I should be concerned with if I list her address as my own seeing as how she is there almost every day visiting my wife and daughter? I by no means want to step into a possibly "grey" area by doing this

Can you be absolutely positive that she won't use the card? I wouldn't list your address as hers. Just giver her social security number to the bank. The bank will end up reporting the tradeline to her credit files. Your address will more than likely get added to her credit reports once the tradeline is inserted in her files using the the SS# identifier.

Once your address is placed in her files, subsequent AU tradelines will probably find their way into her files without benefit of SS#.

Re: Do some cards not report on an Authorized user's CR?

haulingthescoreup — Tue, 07 Apr 2009 22:40:44 GMT

Cards that have reported AU's for my family:
Discover
American Express (now we can't get the dang things off their reports)
Bank of America

Cards that have not reported:
PenFed gas card
Gap

We have not had any problems with AU's misusing the cards.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Fri, 12 Jun 2009 02:56:26 GMT

Haulingthescoreup,

For Bank of America, did they report for someone with your same address? My mom is adding me and I really want this to report because it will bump my scores up nicely. Thanks.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Fri, 12 Jun 2009 08:11:35 GMT

@Anonymous wrote:
Haulingthescoreup,

For Bank of America, did they report for someone with your same address? My mom is adding me and I really want this to report because it will bump my scores up nicely. Thanks.

Bank of America will report even if the address is different, because they request their social security number and date of birth.

Re: Do some cards not report on an Authorized user's CR?

haulingthescoreup — Fri, 12 Jun 2009 11:40:08 GMT

uktaurusbulba wrote:

Haulingthescoreup,

For Bank of America, did they report for someone with your same address? My mom is adding me and I really want this to report because it will bump my scores up nicely. Thanks.

As above, and yes, my daughter had the same address.

Make sure that whatever balance is on that card is OK for you at that moment, because BofA will report it to your account the next day.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Fri, 12 Jun 2009 12:09:44 GMT

My Mom already added me 8 days ago but they never asked for my social security number and I dont live at the address she lives at. Im just wondering if this may pose a problem.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Thu, 18 Jun 2009 23:55:55 GMT

Well, I changed my address to my mothers (because Im moving into her town anyway in a month) and it was picked up by TU and it did report! Unfortuantely, it only bumped TU 14 points from when I last checked, but thats because my Mom has $5k on there now, which will go away soon. The others havent yet, but they also havent picked up the change of address yet. This seemse to be the problem. But it should pick up tomorrow. Ill keep the board posted and thanks for all your comments.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Fri, 19 Jun 2009 12:18:39 GMT

FYI, everyone, USBank does not report AUs to the CRAs. I already tried that and failed

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Mon, 22 Jun 2009 21:35:30 GMT

I know, with certainty, that Chevron (issued by GeMB) does not report on the AU credit. I have a BF as an AU on my account and it does not report on his CR.

This is NOT true w/regards to Chevron. I added DH as an AU to both my Chevron and Shell cards, and they are both reporting as open TL on his reports!

***********************************************************************
800FICOwannabe

06/01/09 - FICO scores: EQ - 637, TU - 641
05/04/09 - FICO scores: EQ - 660, TU - 647
04/21/09 - FICO scores: EQ - 711, TU - 642
09/09/08 - Mortgage Enhanced: EQ - 607, EX - 556, TU - 534

Re: Do some cards not report on an Authorized user's CR?

smallfry — Mon, 22 Jun 2009 21:42:14 GMT

@Anonymous wrote:
I know, with certainty, that Chevron (issued by GeMB) does not report on the AU credit. I have a BF as an AU on my account and it does not report on his CR.

This is NOT true w/regards to Chevron. I added DH as an AU to both my Chevron and Shell cards, and they are both reporting as open TL on his reports!

***********************************************************************
800FICOwannabe

06/01/09 - FICO scores: EQ - 637, TU - 641
05/04/09 - FICO scores: EQ - 660, TU - 647
04/21/09 - FICO scores: EQ - 711, TU - 642
09/09/08 - Mortgage Enhanced: EQ - 607, EX - 556, TU - 534

You have a BF and a DH? You have bigger fish to fry than AU accounts. LOL.

Re: Do some cards not report on an Authorized user's CR?

Anonymous — Mon, 22 Jun 2009 21:44:26 GMT

HaHa! The first part of that was copied and pasted from an older post in which the OP indicated that Chevron doesn't report AUs...I was attempting to discredit that statement!

Although, DH may be okay with me having a BF if the later would help get me out of debt!!! Just joking!

Re: Do some cards not report on an Authorized user's CR?

haulingthescoreup — Mon, 22 Jun 2009 22:03:39 GMT

800FICOwannabe wrote:

HaHa! The first part of that was copied and pasted from an older post in which the OP indicated that Chevron doesn't report AUs...I was attempting to discredit that statement!

Although, DH may be okay with me having a BF if the later would help get me out of debt!!! Just joking!

***********************************************************************
800FICOwannabe

06/01/09 - FICO scores: EQ - 637, TU - 641
05/04/09 - FICO scores: EQ - 660, TU - 647
04/21/09 - FICO scores: EQ - 711, TU - 642
09/09/08 - Mortgage Enhanced: EQ - 607, EX - 556, TU - 534

LOL

This happens a lot. To prevent such interesting misinterpretations, this is how you do it:

--Go the the post that you want to reply to.

--Look right above the poster's name. You should see a white curved arrow and a link called Reply. Click that.

--A text box will open up. When it does, look at the top of the box (not the top of the screen; just the top of the box where you type.) Click the button that says "Quote."

--Their message should pop up on your screen, complete with the poster's name. If you're in Internet Explorer, there is sometimes a slight lag in the quoted message showing. In Firefox, it shows up immediately.

--Once it shows up, hit "enter" or "return" to add a little white space, and then start typing away.

Once you type your reply/ comment, if you want to admire your artistry, click the "Preview" button up at the top of the text box to see what your quote and reply look like. Then slide back down the screen and hit "Post."

It would be really helpful if everyone would do this. It can get awfully confusing for readers trying to figure out who is replying what to whom, especially when things get really flying!

Message Edited by haulingthescoreup on 06-22-2009 03:03 PM