topic Re: Authorized User question in General Credit Topics

Authorized User question

Anonymous — Fri, 07 Mar 2008 04:26:14 GMT

I am adding myself on my wife's card as an authorized user. It is 0 balance and been in good standing since 2002. Never been late. On my credit i have about 3% utilization. I am also adding another card that she has and also has a 0 balance and never been late. That card has been in good standings since 2004. Will i gain any points out from adding this to my credit history?

Thanks,

Re: Authorized User question

MidnightVoice — Fri, 07 Mar 2008 04:29:57 GMT

Probably, unless it adversly affects your average age, but the effect will go away from most CRs later this year (Probably. Maybe. Possibly)

Message Edited by MidnightVoice on 03-06-2008 10:29 PM

Re: Authorized User question

ngerasimatos — Fri, 07 Mar 2008 04:31:15 GMT

I dont think so. Did you provide them your social and other information when adding yourself?

Re: Authorized User question

Anonymous — Fri, 07 Mar 2008 04:34:54 GMT

yes i did provide my SS#. I dont really care that it goes away sometime this year, i need 9 points and i need it for about a month.

Re: Authorized User question

ngerasimatos — Fri, 07 Mar 2008 04:35:24 GMT

In that case, you may get your points. :-)

Re: Authorized User question

Anonymous — Fri, 07 Mar 2008 04:36:38 GMT

Zales and Jcpenney is what i am adding. 9 POINTS is all i need. I did talk to someone to add about 2-3 points it is kinda cool but if you go and remove yourself from those credit card offers it does give you points

Re: Authorized User question

ngerasimatos — Fri, 07 Mar 2008 04:45:19 GMT

I have heard that, but also have been told its an "Urban Legend"

Re: Authorized User question

Anonymous — Fri, 07 Mar 2008 04:46:49 GMT

https://www.optoutprescreen.com . Try it. I was told by a credit fixr uper. What every you call em.

Just make sure you opt out for 5 yrs.

Rick

Re: Authorized User question

iltph — Fri, 07 Mar 2008 04:50:37 GMT

I thought it was being changed so AUs are not factored in when calculating a FICO score due to companies starting to allow customers to "piggyback"? I thought it went into effect last Fall or maybe it's this Fall.

My sister has been an AU on my parent's BoA CC for six years, which has a CL of $15,000, has never been late and they both have a FICO score around 840. When she went to buy her car they said she didn't have any credit history. I would think if it made a difference being an AU, then there's no they way they would have denied her.

Re: Authorized User question

Anonymous — Fri, 07 Mar 2008 04:51:33 GMT

it has been talked about but i dont think it is completed yet.

Re: Authorized User question

Anonymous — Sat, 08 Mar 2008 01:57:06 GMT

I added my brother to my BOA & AMEX cards in December - He got a 93point jump.

Re: Authorized User question

fishbjc — Sat, 08 Mar 2008 03:10:52 GMT

You SHOULD see that jump!!!!!! I gained 6-10 across the boards last month by paying on time!

Can't wait to see what I get for paying down util!

Re: Authorized User question

fishbjc — Sat, 08 Mar 2008 03:14:01 GMT

Fico08 isn't in effect yet and probably won't be for quite a while. AU should help you as of now. If you're looking for just 9 points.....I'd go for it!