topic Re: Which Creditors Report on Authorized Users? in Credit Cards

Which Creditors Report on Authorized Users?

Anonymous — Sun, 22 Apr 2012 00:16:51 GMT

I would like to hear everyone's experience with this. I am trying to help my OH bump up his score and added him to my Amex Premier Rewards Gold awhile ago. He recently was in the market for a new car and due to the Amex not having a credit limit, every place that he applied looked at it on his report and assumed it was maxed out. A couple of weeks ago I added him to my BofA CC, which I'm pretty sure will report for him as well.

Which other creditors do you know of that report on authorized users? I'm interested in hearing both major as well as consumer cards. Thanks!

Re: Which Creditors Report on Authorized Users?

K_J — Sun, 22 Apr 2012 00:23:32 GMT

I have my DW as AU on my Capone and its currently reporting.

Re: Which Creditors Report on Authorized Users?

webhopper — Sun, 22 Apr 2012 00:30:44 GMT

Discover, Chase, Amex Those I know from personal experience

Re: Which Creditors Report on Authorized Users?

Anonymous — Sun, 22 Apr 2012 01:08:49 GMT

I can verify that both Chase and AMEX report authorized users.

Re: Which Creditors Report on Authorized Users?

pizzadude — Sun, 22 Apr 2012 01:19:35 GMT

@Anonymous wrote:
I would like to hear everyone's experience with this. I am trying to help my OH bump up his score and added him to my Amex Premier Rewards Gold awhile ago. He recently was in the market for a new car and due to the Amex not having a credit limit, every place that he applied looked at it on his report and assumed it was maxed out. A couple of weeks ago I added him to my BofA CC, which I'm pretty sure will report for him as well.

Which other creditors do you know of that report on authorized users? I'm interested in hearing both major as well as consumer cards. Thanks!

That's an interesting response ~ did these creditors denied him or just give unfavorable terms ? The whole point behind a charge card is that you CAN'T max it out ~ everything has to be paid in full. Were they giving him feedback based on his FICO score, because FICO revolving utilization ignores charge card balances ( except TU98 )....

Re: Which Creditors Report on Authorized Users?

Anonymous — Sun, 22 Apr 2012 01:25:29 GMT

Anyone know if Barclays reports AU to the 3 CRAs?

Re: Which Creditors Report on Authorized Users?

webhopper — Sun, 22 Apr 2012 01:31:19 GMT

@Anonymous wrote:
Anyone know if Barclays reports AU to the 3 CRAs?

It does, just need to make sure that the AUs address matches your address on their credit reports...Once the addresses and accounts line up, then it reports.

Re: Which Creditors Report on Authorized Users?

MarineVietVet — Sun, 22 Apr 2012 02:54:31 GMT

IME BoA will add an AU. At least they did a few years ago.

Re: Which Creditors Report on Authorized Users?

Anonymous — Sun, 22 Apr 2012 07:32:50 GMT

pizzadude-

It was strange, indeed. To answer your question they did both. One offered really bad terms and the other flat out denied. OH credit isn't perfect which is why I added him as AU, thinking the Amex would help. We were shocked at the response. We explained that it was a charge card that had to be paid in full monthly. They insisted that they still have a "pay over time" option. Although that is correct it only applies to certain purchases. It concerns me that this will become a problem for my credit as well, should anyone ever scrutinize it in this way. I love my Amex but this made me reconsider whether I'd be better off using a credit card with a high limit for my daily purchases.

Re: Which Creditors Report on Authorized Users?

Revelate — Sun, 22 Apr 2012 15:28:05 GMT

@webhopper wrote:
@Anonymous wrote:
Anyone know if Barclays reports AU to the 3 CRAs?

It does, just need to make sure that the AUs address matches your address on their credit reports...Once the addresses and accounts line up, then it reports.

That's interesting. I wonder if they switched to doing that after the FICO '08 anti-AU scoring got repealed? That would generally preserve the reason for AU's being created in the first place, while limiting more of the abuses (lender perspective). Now that you mention it, I wonder why more lenders haven't gone this route?

Re: Which Creditors Report on Authorized Users?

Creditaddict — Sun, 22 Apr 2012 16:01:07 GMT

The only CR that sometimes messes up Amex Charge for util calculation is the old TU scoring I believe.

Otherwise if they pulled more than just TU, it should not have been an issue at all!

But you have to also consider that they usually pull a "Auto-Enhanced Fico" which could be higher or lower then regular Fico and you would have no access to that until the dealer pulls it... but I would make them show you the report and the score and what is negative on your record that is effecting approval, then you can come back home and get your credit report and work on those negatives before applying for more.

Re: Which Creditors Report on Authorized Users?

pizzadude — Sun, 22 Apr 2012 16:12:59 GMT

Yeah, I'm just guessing that they were using the AMEX card as an excuse to deny/offer bad terms, if his FICO score didn't fit their lenders criteria. I wouldn't worry about it too much, I don't think that charge cards get scrutinized like this very often.

Re: Which Creditors Report on Authorized Users?

Anonymous — Mon, 23 Apr 2012 01:10:43 GMT

@Creditaddict wrote:
The only CR that sometimes messes up Amex Charge for util calculation is the old TU scoring I believe.
Otherwise if they pulled more than just TU, it should not have been an issue at all!
But you have to also consider that they usually pull a "Auto-Enhanced Fico" which could be higher or lower then regular Fico and you would have no access to that until the dealer pulls it... but I would make them show you the report and the score and what is negative on your record that is effecting approval, then you can come back home and get your credit report and work on those negatives before applying for more.

Actually the problem was more the people that was looking at the report. I don't think the Amex affected his score either way. But when they looked at it they said "your card is maxed out". They just didn't understand what they were looking at. OH already bought a car so that's no longer the issue. Now we are just working on raising his score and the appearance of his history.

Re: Which Creditors Report on Authorized Users?

Anonymous — Tue, 24 Apr 2012 20:42:11 GMT

My DH is AU on my GECRB Wal-Mart card and it reports on his CR.

Re: Which Creditors Report on Authorized Users?

KingAdrock — Tue, 24 Apr 2012 23:14:40 GMT

@Anonymous wrote:
I would like to hear everyone's experience with this. I am trying to help my OH bump up his score and added him to my Amex Premier Rewards Gold awhile ago. He recently was in the market for a new car and due to the Amex not having a credit limit, every place that he applied looked at it on his report and assumed it was maxed out. A couple of weeks ago I added him to my BofA CC, which I'm pretty sure will report for him as well.

Which other creditors do you know of that report on authorized users? I'm interested in hearing both major as well as consumer cards. Thanks!

Car dealerships are notorious for being dishonest about a customer's credit. They're also the ones most likely to balk when you ask to see the report for yourself.

When someone asks me "Can we pull your credit?" my response is always "Are you giving me a copy?". If they say no, I won't do business with them.