topic Re: How much of a point boost will an Amex Gold Card authorized user give? in General Credit Topics

How much of a point boost will an Amex Gold Card authorized user give?

Anonymous — Sun, 19 May 2019 02:22:58 GMT

I'm at about a 617 fico, just got an amex gold authorized user today, how much of a boost will it give my credit score?

Re: How much of a point boost will an Amex Gold Card authorized user give?

Anonymous — Sun, 19 May 2019 02:26:42 GMT

Probably not as much as it would be if it was a revolver with a high CL and long age to it.

Re: How much of a point boost will an Amex Gold Card authorized user give?

Anonymous — Sun, 19 May 2019 02:29:09 GMT

I wasn’t aware there was any boost from a charge card?

Re: How much of a point boost will an Amex Gold Card authorized user give?

KJinNC — Sun, 19 May 2019 02:30:06 GMT

Depends on what is strong and weak about your profile, eg does this card address a weakness or does it just add to existing strength. You could try the simulators. They aren't accurate, but at least they base their guesses on knowing your profile more than we do.

Re: How much of a point boost will an Amex Gold Card authorized user give?

Remedios — Sun, 19 May 2019 02:32:06 GMT

@Anonymous wrote:
I'm at about a 617 fico, just got an amex gold authorized user today, how much of a boost will it give my credit score?

Hi and welcome

That would depend on whether you have other revolving accounts, their age, average age and and installment accounts, if any.

There is not enough information in your post to guess.

Feel free to add additional DPs about your profile if you want to get better educated guesses

Re: How much of a point boost will an Amex Gold Card authorized user give?

CramEiko — Sun, 19 May 2019 02:58:28 GMT

@Anonymous wrote:
I wasn’t aware there was any boost from a charge card?

The only boost I've ever seen from my Gold Card is on CK after a balance has posted. Other than that. It's like a ghost card in CK's eyes as far as scoring goes. Then again if the wind blows so goes my scores +/- with CK. HAHA

Good Luck!

Re: How much of a point boost will an Amex Gold Card authorized user give?

Anonymous — Sun, 19 May 2019 03:04:24 GMT

I only have two active credit cards and one auto loan, I'm sure it must have some impact on my credit

Re: How much of a point boost will an Amex Gold Card authorized user give?

Revelate — Sun, 19 May 2019 03:41:48 GMT

Unfortunately an AMEX AU reports as a new account, you don’t inherit any history.

Basically it isn’t one that you add for scoring purposes because except for thin files it is a straight negative (new account), you only add an Amex AU for use.

Re: How much of a point boost will an Amex Gold Card authorized user give?

FlaDude — Sun, 19 May 2019 13:54:36 GMT

Amex used to count the actual date the account was opened for AUs, so that could give a boost to AAoA, but they stopped doing that years ago so it will now shows up as a new account. I'm not sure when they changed, but I added my daughter as an AU to my Gold about 10 years ago and it shows as a 25 year old account for her.

Re: How much of a point boost will an Amex Gold Card authorized user give?

FinStar — Mon, 20 May 2019 18:26:56 GMT

@Revelate wrote:
Unfortunately an AMEX AU reports as a new account, you don’t inherit any history.

Basically it isn’t one that you add for scoring purposes because except for thin files it is a straight negative (new account), you only add an Amex AU for use.

Pretty much this ^^^^

Re: How much of a point boost will an Amex Gold Card authorized user give?

tussking — Mon, 20 May 2019 21:25:15 GMT

I have had an AMEX GOLD card as an authorized since 1 month after my BK7 discharge.

I truly think it has done nothing to help my rebuild.

Re: How much of a point boost will an Amex Gold Card authorized user give?

Revelate — Tue, 21 May 2019 21:00:59 GMT

@FlaDude wrote:
Amex used to count the actual date the account was opened for AUs, so that could give a boost to AAoA, but they stopped doing that years ago so it will now shows up as a new account. I'm not sure when they changed, but I added my daughter as an AU to my Gold about 10 years ago and it shows as a 25 year old account for her.

April 2015.

My minimal 1 year extra backdate is still functional too, yippee.