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First Few Cards After Being An Authorized User

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CardBound8
New Member

First Few Cards After Being An Authorized User

Hi everyone! I’m new to the forum, and wanted to get some advice and gauge my credit card strategy from those with more experience than me.

 

I’m an 18 year old college student, but was lucky enough to be added as an AU on an older sibling’s WF card 7 years ago, so had established good credit. However, wasn’t sure what cards I could get, given being an AU isn’t the same as being primary cardholder.

 

My current stats

EQ: 761.    EXP: 755.   TU: 759

 

AAoA: 2yrs 6 mo

Oldest Account: 6 yrs 10 mo

Income: $30k (including a college grant)

 

Current Cards

BofA Travel Rewards $1.5k CL, 1% utilization, 7mo old

One WF ($4k CLI) and one AMEX charge card I’m an AU on

 

I’ve gotten prequal for AMEX BCE, ED, BCP, and Gold. As well as Apple Card with $4k limit.

 

Would I actually be able to get any of the above cards? Theoretically I have a reasonably good score, but was still unsure. Since I’m an internationally based student, earning points and mikes (particularly MR points) makes a lot of sense. I was particularly interested in the Amex Gold or similar mid tier travel cards, which I’d spend $10k or so on in a year.

 

If not the Amex cards, what else could I get. Any of the mid tier or travel cards from Chase and Citi? Or am I completely over-reaching and should look at only no AF cards like Freedom Flex? Please let me know what you think.

 

 

 

 

 

Message 1 of 6
5 REPLIES 5
SUPERSQUID
Valued Contributor

Re: First Few Cards After Being An Authorized User

hi, how are you.

you said you are 18 and 7 years ago you became an au on a relatives card? maybe i read it wrong.

the way i read it you were using a credit card at age 11, very impressive.

at 11 i was lucky if i could accomplish playing with my GI Joe.

{ BK7 DC 12/2019 } target 2800/ kohls Visa 7000/ discover IT cb 5800 / 2nd discover IT cb 6000/mercury 4100 /legacy 3500 /HUE cc 3500/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4650, Penfed PCR signature visa 10k/ penfed gold 5600 /NFCU signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 55k
Total utilization above 50 pct.
Ficos ,most are slightly above 700, the 9's slightly higher than the 8's

TCL - about 110k
Retired since 2017
Message 2 of 6
CardBound8
New Member

Re: First Few Cards After Being An Authorized User

Hi. Hahah imagine having a card at 11. From what .I understand, I wasn't actually added until 14, but WF reported the full account history, which makes it look like I had it at 11. Also, to be clear, I didn't get to touch the card until turning 16, and thank goodness as I was able to practice discipline and respjponsivle spending. 

Message 3 of 6
SUPERSQUID
Valued Contributor

Re: First Few Cards After Being An Authorized User

lol, even 14 is impressive.

i am in the midst of a rebuild so i dont have any advice but one of the pros will amble along at any moment.

{ BK7 DC 12/2019 } target 2800/ kohls Visa 7000/ discover IT cb 5800 / 2nd discover IT cb 6000/mercury 4100 /legacy 3500 /HUE cc 3500/ cap1 QS 5000/ cap 1 savor one 3100 /Bread rewards Amex 4650, Penfed PCR signature visa 10k/ penfed gold 5600 /NFCU signature visa cash rewards 21700/bread cashback amex 8000

>/ nfcu platinum 15k, BABY NEEDS NEW SHOES !!!!!
closed-- reflex, applied bank, first digital, mission lane, ikea, fingerhut, big lots, valero gasoline, ollo, more to come
Rebuilding since September 2020
who i burned - chase, cap 1, TD bank, Sync, were the biggies
Income 55k
Total utilization above 50 pct.
Ficos ,most are slightly above 700, the 9's slightly higher than the 8's

TCL - about 110k
Retired since 2017
Message 4 of 6
GrainFan
New Contributor

Re: First Few Cards After Being An Authorized User

The Apple Card pre-qual is basically 100% solid, so you can definitely get that if you'd like. Amex pre-quals are also solid, and I've seen DPs of students getting Golds and BCPs quite a bit, both on here and Reddit. If I were you, I'd go for a Gold, wait a few months, then maybe another Amex card. And after that, Apple Card, since the preapproval will always be there. But honestly, Amex's MR system can be quite limiting if you don't have the co-branded Plat cards and you don't have the flexibility for expensive aspirational trips. I'd suggest the CSP, but no idea if you'd be approved with such a thin profile. Getting a CFU/CFF might be a good start, then wait a few months and CSP, if you want to go down the Chase route.





Message 5 of 6
HowDoesThisAllWork
Frequent Contributor

Re: First Few Cards After Being An Authorized User

I am an old man (Ha! Ha!) who had some issues several years ago and I am rebuilding, too ("too" in that someone else has stated that he/she is rebuilding). I find it impressive that someone your age (but, age does not speak to experience....and there is A LOT to be said for experience) is so in-tuned to this. I wish that my generation (I am 54) would have put more emphasis on credit cards and personal finance. Anyway, well done so far. And being an AU is fantastic. It definitely gives you a leg-up on everyone else. The fact that you have indeed acted responsibly speaks volumes. You were given an opportunity and have run with it (vs. mucking it all up). As others have stated, I would suggest that you venture down the Chase / AMEX eco systems. These two companies seem to be at the top of the boards, both have AMAZING Reward programs (question is - seems like you CAN INDEED take advantage of these programs at this point. Will you?), and both seem to have amazing customer service. To be fair, Chase / AMEX are not the only games in town. I would also suggest that you look into some of the Credit Unions. I just became a member of the Navy Federal Credit Union (thank you to my amazing little bother, who proudly served this country for 27 years!!!! Thank you for your service, you little *shish*! LOL) and they seem to be awesome. There are a few others (PenFED, USAA, Redstone, et al). They offer very competitive rates for auto loans and home mortgages (might not be a thing for you at this point....but in a few years who knows, right?). With Chase, be aware of the 5/24 rule. That is that you have applied for five cards in the last 24 months. There are lots of different "experiences" on this as to what "cards" count. This does not seem to apply to your case at this moment in time, but be aware of it so that SHOULD you decide to explore both AMEX and Chase that you do so in an intelligent manner (read: that you are aware of the Chase 5/24 rule). Welcome to the forum. Enjoy the journey!
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