topic Re: authorized user in Credit Cards

authorized user

sarkell — Sun, 10 Mar 2013 15:42:43 GMT

My hubby is adding me too his bank of america as au he was has no late payments and 5000cl will this help my score and my chances of getting approved for one in 6 months or so? He never uses it has low util 10% maybe and pif every month.

Re: authorized user

zerobacan — Sun, 10 Mar 2013 16:02:31 GMT

Yes it will. AU are great when your history and CL is limited.

Re: authorized user

jamesdwi — Sun, 10 Mar 2013 16:29:23 GMT

Yes it will help, and also get you on there radar, since they will most likely SP your credit a few times after you get the AU reporting. Added my son to my CapOne cards and he got a pre-selected offer from CapOne a couple months later, he had no score and no credit at the time, fast forward 7 months, he has CapOne, Discover, Chase Freedom, Target redcard (he got a higher limit than me), AMEX Gold PRG (sitting in a safe deposit box will close when the AF hits, got it to get a member since date income is too low to make an AF worth it).

Re: authorized user

sarkell — Sun, 10 Mar 2013 19:17:47 GMT

Good to know. Well now I just need to be patient and wait. By the time October rolls around newest account will be 9 months should be in good shape to get something more prime.