topic Re: does credit one report autorized users? in Credit Cards

does credit one report autorized users?

ac921ol — Sat, 24 Nov 2012 03:17:23 GMT

I just made my better half one. Does it report on her CR. Does she need to use it? Do I need to activate it? I've had it 4 years, with payments on time and paidoff.

Re: does credit one report autorized users?

distantarray — Sat, 24 Nov 2012 03:20:14 GMT

sub prime credit cards like credit one can do more harm than good, since prime lenders gets a glimpse of how bad your credit probably was. I know for a fact that Amex hates First Premier for this reason. Regardless just get secured cards, but if she needs a step up add her on if it reports or not then after her scores get better remove it.

Re: does credit one report autorized users?

ac921ol — Sat, 24 Nov 2012 03:32:08 GMT

Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year.

Re: does credit one report autorized users?

distantarray — Sat, 24 Nov 2012 03:34:23 GMT

@ac921ol wrote:
Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year.

it should help her fico score definately if they do report it, unfortunately it could hurt her chances of getting prime cards when she establishes better scores. It'll be hit or miss. with 1 year of history 630 is pretty low, is that an actual fico? cause there are millions of fake scores on the internet that no one uses.

credit scores should start around mid 600's now lower. did she miss a few payments ?

Re: does credit one report autorized users?

ac921ol — Sat, 24 Nov 2012 03:52:32 GMT

@distantarray wrote:
@ac921ol wrote:
Wellihope it helps her. She has 630 an im at 689, with 9years of history, she has one year.
it should help her fico score definately if they do report it, unfortunately it could hurt her chances of getting prime cards when she establishes better scores. It'll be hit or miss. with 1 year of history 630 is pretty low, is that an actual fico? cause there are millions of fake scores on the internet that no one uses.

credit scores should start around mid 600's now lower. did she miss a few payments ?

She claimed BK 3years ago. Also does it need to be activated?

Re: does credit one report autorized users?

ac921ol — Sun, 25 Nov 2012 00:56:00 GMT

So do I need to activate her AU card? Or do I need to activate it and use it so it reports on her CR

Re: does credit one report autorized users?

nicholasyud — Sun, 25 Nov 2012 01:03:59 GMT

@distantarray wrote:
sub prime credit cards like credit one can do more harm than good, since prime lenders gets a glimpse of how bad your credit probably was. I know for a fact that Amex hates First Premier for this reason. Regardless just get secured cards, but if she needs a step up add her on if it reports or not then after her scores get better remove it.

+1 i got to hold on to my Credit one for another 6 months then call in and cancel.......Just to make up some history...they horrible they charge you interest on purchase from day 1 .

Re: does credit one report autorized users?

kimmiller112 — Sun, 25 Nov 2012 01:37:05 GMT

They don't ask for a social for an authorized user, do they? They may not report.

Re: does credit one report autorized users?

nicholasyud — Sun, 25 Nov 2012 01:59:57 GMT

@kimmiller112 wrote:
They don't ask for a social for an authorized user, do they? They may not report.

Usually prime card doesnt need to ask for your social. They have some system would identiy who you are .........i know Discover does that.......

Re: does credit one report autorized users?

ac921ol — Sun, 25 Nov 2012 02:18:20 GMT

Yeah. I only have CapOne credone and GE/crb 4 years of history with both and 3 years with GE. But I'm looking to help her score out so I'm hoping it reports for her. I'm waiting for my score to get in the 700+ then apply for a Amex BCE, I'm at 689 now.

Re: does credit one report autorized users?

distantarray — Sun, 25 Nov 2012 02:20:49 GMT

@ac921ol wrote:
Yeah. I only have CapOne credone and GE/crb 4 years of history with both and 3 years with GE. But I'm looking to help her score out so I'm hoping it reports for her. I'm waiting for my score to get in the 700+ then apply for a Amex BCE, I'm at 689 now.

honestly try to get a BCP istead, the average person would be insane if they didn't get the BCP. Just $25 purchase a week in grocery would pay for the annual fee at 6% If your going to use the card all the time like most people will with this card, it will pay you back A LOT. BCP is not a card that should EVER be sockdrawered as long as it stays at 6% groceries.

Re: does credit one report autorized users?

ac921ol — Sun, 25 Nov 2012 02:35:07 GMT

Around what score do they look at with BCP? I def want one of those as a cashback card. Just worried at 689 they wouldn't even look at me.

Re: does credit one report autorized users?

distantarray — Sun, 25 Nov 2012 02:41:58 GMT

@ac921ol wrote:
Around what score do they look at with BCP? I def want one of those as a cashback card. Just worried at 689 they wouldn't even look at me.

used to be pretty high requirements for BCP, but after the $6,000 a year grocery cap ($115 about a week) many people have gotten better approval rates.

If your worried about getting in get a Amex Delta Skymiles card which is easier to get, then PC it later which they allow. Just complain the Skymiles are worthless (which they really are, it is IMPOSSIBLE to redeem for advertised rates, I've tried MANY ways to use it and always end up using 2-3 miles vs 1 advertised. I'd value these miles at 0.33 cent a mile) it's better to use as statement credit. After a month or two just product change it.

It's a nice way to sneak into a BCE and people are getting approved with 650's score, and have gone low as 620's on creditboards database which is mainly people who use Fico scores not Fako like whogavemecredit.com

Re: does credit one report autorized users?

ac921ol — Sun, 25 Nov 2012 02:54:27 GMT

A delta skymiles card can get PC to a Blue Cash? It doesn't get red flagged?

Re: does credit one report autorized users?

distantarray — Sun, 25 Nov 2012 03:04:59 GMT

@ac921ol wrote:
A delta skymiles card can get PC to a Blue Cash? It doesn't get red flagged?

nope my dad doesn't have the credit score with 2 medical collections recently and they gave him a 3x CLI with 666 score on his Delta Skymiles then transfered to BCP