Authorized User

[Eppie1983]

My father is going to make me an authorized user on his AMEX which has a 10k limit and no utilization. Would I get redit from all of his good payment history or does it start now? Trying to get my scores up as I am finishing Chapter 13, last payment 6/8.

[Timbo9205]

It is my understanding that AMEX reports AU accounts like new accounts, so you won't get all of his history.

[simplynoir]

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@Timbo9205 wrote:

It is my understanding that AMEX reports AU accounts like new accounts, so you won't get all of his history.

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This. You'll inherit the credit limit and any future payment history but it is treated as a new card from the day you are added to his AMEX account. If the goal of being added to your dad's account is to boost your credit scores I would choose just about any other bank/card to accomplish this, that way you can get all history from the card from AoA to payment history

[Eppie1983]

Thanks for the info, would put me around 35k, is the benefit outweighed by having too much CL and no balance?

[FireMedic1]

No such thing as too much in CL's. Its whats reported when the balances get to be too much. Or carry high balances. Your fine.