topic Re: difference between Freedom AU and Joint User in Credit Cards

difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 02:31:44 GMT

After adding someone to my Freedom that doesn't live with me I am afraid that it will not get reported

They disht ask for SSN or anything besides their name

Would being a joint user look better on their credit report than an AU?

Anyone else have experience adding some as joint with Chase?

Thanks again for all the help!

Re: difference between Freedom AU and Joint User

daybreakgonesXe — Thu, 18 Apr 2013 02:34:58 GMT

@MazdaSpeed wrote:
After adding someone to my Freedom that doesn't live with me I am afraid that it will not get reported

They disht ask for SSN or anything besides their name

Would being a joint user look better on their credit report than an AU?

Anyone else have experience adding some as joint with Chase?

Thanks again for all the help!

They will factor exactly the same way in FICO scoring. The only benefit of joint vs AU is that with a manual review, it will be considered highly as a joint account (they own and responsible for payments) compared to the AU account (don't own card, only purchasing power)

Keep in mind that asking them to add them as a joint account holder means a hard pull on their account and potentially another hard pull on you. So think carefully over this decision. However, if they are not added via AU, and they really need that particular card on their reports, it may be for the best.

Re: difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 02:43:27 GMT

Thanks daybreak

So Do joint, au and regular credit cards(and by that I mean one in their name) look the same as far as score goes?

And another question does a joint credit card look just as good as a regular one. Under manual review? Or can they tell its joint?

Re: difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 02:44:52 GMT

I'm asking because I am trying to help them gain credit so they can apply for their own card/s in the next 6months to a year

Re: difference between Freedom AU and Joint User

daybreakgonesXe — Thu, 18 Apr 2013 02:52:28 GMT

@MazdaSpeed wrote:
I'm asking because I am trying to help them gain credit so they can apply for their own card/s in the next 6months to a year

Yes, regular, joint, and AU all factor equally under FICO. Regular and joint both look great on recons, because it's assumed that a.) your credit was pulled anyway and b.) you're making payments (or are least responsible for them) on the account.

Re: difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 02:54:08 GMT

Awesome, thanks for the help. I'll definitely try to get them added as a joint user, I sent a message in the secure message center asking about it

Re: difference between Freedom AU and Joint User

daybreakgonesXe — Thu, 18 Apr 2013 02:57:28 GMT

@MazdaSpeed wrote:
Awesome, thanks for the help. I'll definitely try to get them added as a joint user, I sent a message in the secure message center asking about it

Awesome! From what I remember on the forum, they can't do it directly through secure messaging. They will send you paperwork you both have to fill out, as if it was a new CC application. Then from there they will either pull the new account holder, or both of you to ensure you both are capable of paying on the account.

Re: difference between Freedom AU and Joint User

Anonymous — Thu, 18 Apr 2013 02:59:36 GMT

I'm no expert here but I don't think you have to wait 6 months for the person to apply for credit. The card should backdate on the new person's CR the same history you have with the card. So it will look like they have had the card years as soon as it hits the CR.

Re: difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 02:59:38 GMT

Hopefully they don't HP me! Thanks again for the help, I'll update when I get a reply from them

Re: difference between Freedom AU and Joint User

MazdaSpeed — Thu, 18 Apr 2013 04:56:32 GMT

"Thank you for contacting us with your request to add
xxxxx as a Joint Cardmember to your credit card
account.

I'm sorry that the option to add a Joint Cardmember is no
longer available. However, the individual may apply for
his or her own account. To do so, simply visit
www.chase.com to see our variety of Chase credit cards,
including those with reward programs and Blueprint.

If you have any questions, please reply using the Secure
Message Center. We?re always here to assist you. Thank
you for being our customer."

Just got that message, I guess they no longer allow them, bummer

Re: difference between Freedom AU and Joint User

Anonymous — Fri, 19 Apr 2013 13:07:53 GMT

If they have such a thin file that they have no credit score, it will take 6 months for a credit score to be determined. My husband's file is like this. I added him as an AU to my Freedom and Cap1 Cash Rewards card in December and as an AU to my Discover It and Barclays this month. Checked Credit Karma a week ago and he still doesn't have a credit score.

Re: difference between Freedom AU and Joint User

unc0mm0n1 — Fri, 19 Apr 2013 22:47:06 GMT

@Anonymous wrote:
If they have such a thin file that they have no credit score, it will take 6 months for a credit score to be determined. My husband's file is like this. I added him as an AU to my Freedom and Cap1 Cash Rewards card in December and as an AU to my Discover It and Barclays this month. Checked Credit Karma a week ago and he still doesn't have a credit score.

That's weird my wife has a Credit Karma, USAA credit monitoring and Credit Sesame score and she has only had cards since feb. I added her as AU on 3 of my cards two weeks ago and they already show up on her credit report. She just came to the country in October so her file was not only thin it was literally non-existant.