topic Re: Amex AU Question in Credit Cards

Amex AU Question

Red1Blue — Mon, 09 May 2011 01:54:22 GMT

I added my Daughter as AU on my Amex Cards to increase the AAoA. If I remove her as AU on my cards, will she still be able to keep the reporting on the credit report or will they remove the cards from her credit report?

Re: Amex AU Question

annalog — Mon, 09 May 2011 05:00:53 GMT

It should stay with her for 10 years.

Re: Amex AU Question

MarineVietVet — Mon, 09 May 2011 05:19:06 GMT

@annalog wrote:
It should stay with her for 10 years.

This might be true because it's an Amex and Amex seems to do many things differently but in general just as an AU instantly inherits the entire history of an account they are added to they will just as quickly lose that credit history when they are removed as an AU. It will be just like the account was never on their reports.

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

Re: Amex AU Question

Creditaddict — Mon, 09 May 2011 19:10:38 GMT

Amex has a bad habit of not stopping the reporting on AU credit even after being removed... If you want them off report, you would probably have to dispute to CR.

Re: Amex AU Question

MarineVietVet — Mon, 09 May 2011 19:35:22 GMT

@Creditaddict wrote:
Amex has a bad habit of not stopping the reporting on AU credit even after being removed... If you want them off report, you would probably have to dispute to CR.

I think I've seen other posters mention the same thing. Amex does seem to march to a different beat.

Re: Amex AU Question

Creditaddict — Mon, 09 May 2011 19:37:33 GMT

I have 6 or 7 Amex cards report to my credit... some are duplicate some I'm not on anymore and even 1 that I think is closed... still reports open and good standing every month on all of them!

Re: Amex AU Question

Red1Blue — Mon, 09 May 2011 19:56:01 GMT

So, if we remove AU and add it back again after few months, will it show as the second card a new reporting?

Re: Amex AU Question

Anonymous — Mon, 09 May 2011 21:27:54 GMT

Even if it doesn't directly show up on your daughters reports, this can still be valuable. I was an AU on my fathers Amex cards long before I was old enough to get one of my own. The history from my father's accounts never showed up on my credit report. However, when I obtained my first personal Amex card I was given a 'member since' date matching that on my fathers account, adding nearly a decade of account history

Re: Amex AU Question

Anonymous — Mon, 09 May 2011 22:27:07 GMT

@Creditaddict wrote:
I have 6 or 7 Amex cards report to my credit... some are duplicate some I'm not on anymore and even 1 that I think is closed... still reports open and good standing every month on all of them!

That's a Huge PLUS!!

Re: Amex AU Question

Anonymous — Fri, 13 May 2011 14:11:07 GMT

Can anyone tell me if having my sister add me as au on her amex of over 25 years help my aaoa as well as obtain an amex of my own in about 6 months?

My aaoa is about 3.5 now, but when my last closed account drops off next year it will go down to about 2 years. I really want an Amex but my scores are still a bit shy of 700 with two paid collections of about 4 years ago and I am not risking the denial. The paid collections will fall off next year and that is when I plan to apply for the amex. Should I just not do anything at this time or ask that she add me to as an au to help with the aaoa?

Re: Amex AU Question

llecs — Fri, 13 May 2011 14:18:39 GMT

@Anonymous wrote:
Can anyone tell me if having my sister add me as au on her amex of over 25 years help my aaoa as well as obtain an amex of my own in about 6 months?

My aaoa is about 3.5 now, but when my last closed account drops off next year it will go down to about 2 years. I really want an Amex but my scores are still a bit shy of 700 with two paid collections of about 4 years ago and I am not risking the denial. The paid collections will fall off next year and that is when I plan to apply for the amex. Should I just not do anything at this time or ask that she add me to as an au to help with the aaoa?

Yep, it'll help if it reports. Definitely.

If you don't do it, your AAoA wouldn't drop to two-years, though. It'll stay at three when that TL drops. By next year you would have hit 4 and then it'll drop to 3 when that TL drops so you'll be in the same boat you are now, minus a dropped TL.

Re: Amex AU Question

Anonymous — Fri, 13 May 2011 14:27:10 GMT

TY for your reply.

I would prefer to do this on my own and the reason why I haven't asked her yet, but I am weighing my options and it seems that if does report, I would benefit greatly from her excellent credit and pay history.

My goal was to wait til next year and apply when my paid collections have fallen off and my scores would be in the700's (hoping) but I'm afraid that the short aaoa would hurt my chances.