topic Re: Additional Card Users in Credit Cards

Additional Card Users

californiaboy935 — Sun, 19 Jan 2020 19:40:35 GMT

I have a bunch of additional card users (mostly the bartenders at my CC) and they always pay. But scared. Should I get out of this? And if so, how?

Re: Additional Card Users

FinStar — Sun, 19 Jan 2020 19:54:43 GMT

If there's a perceived risk (depending on your tolerance level) then you can make that decision to remove them. It's all about an element of trust (after all you did add a 'bunch' of them in the first place).

Contact the lenders and ask them to remove the AUs. Simple. As a courtesy, make sure you notify the AUs that those cards are no longer active if you decide to remove them.

Re: Additional Card Users

Openwater — Mon, 20 Jan 2020 03:12:31 GMT

@FinStar wrote:
If there's a perceived risk (depending on your tolerance level) then you can make that decision to remove them. It's all about an element of trust (after all you did add a 'bunch' of them in the first place).

This about hits the nail on the head. If its working then fine, but keep in mind it can change at a moments notice and that's on you. Never lend anything you're not willing to lose. Hope that helps. Cheers!

Re: Additional Card Users

Anonymous — Mon, 20 Jan 2020 04:04:30 GMT

If they're on one of your Amex cards you can also set an individual spending limit for them. I have a friend as an AU on my platinum, strictly for lounge access. Even though I've known them over 20 years and tthey have a FICO over 800, I still keep it at $200 in order to minimize problems if it's lost or stolen.

I'm not sure if your AUs are employees using the cards for business purposes, or you're giving them as a favour. In general though, if Capital One won't give someone credit, neither will I. The good news is that being an AU on your cards for a while now should help them get a card of their own - my partner is always getting pre-qual offers from Capital One by being an AU on mine.