I just wanted to ask you for a piece of advise if it makes sense in my case (pls see my signature for all my credit history) to be added as an authorized user to someone's credit card with a big limit and responsible usage by that person !?
What it will really give me? Like an increased total limit plus one more account showing up, right?
What are the pros and cons?
Do they pull your file to add you? What happens when you are removed, will it only affect age and total CL ?
Do I have to use that card or not at all?
I just want to get Citi Costco Card soon and I am not sure I will be approved with my current short history, so will a card with 15k CL help me do that soon? Also planning on financing a car next year, but again short history and not a big available limit at the moment, will it help me with a car loan?
What banks or specific cards you recommend over others to be added as an AU?
IMHO, I believe if you wait until the AoYA turns 12 months, you just might qualify for a Citi/Costco on your own. Just don’t add any more inquiries.
Becoming on AU on a high limit CC definitely helps a little; however, if the UT is high, that will hurt more than help.