American Express does not offer joint credit card accounts. Discover I believe still does, but they do not remove joint account holders so the only way you could ever be removed is to close the account. If Applicant #1 trusts Applicant #2 enough to open a joint account, then Applicant #2 should benefit even more (due to account age and history) by just being added as an AU on #1's existing cards as long as there is a relationship between them (family member, same address, etc.) as the newer models are supposed to disregard AUs in some cases due to people charging for AU status to repair credit.
What "changes to reporting AUs are here or still coming this effect is now lost," are you talking about, please, Illollolll? I am asking because I just made my granddaughter an authorized user on a card and her score went up 57 points. Are you saying that effect will disappear? Trying to understand and need help in doing so. TIA.
@lllollolll wrote:Applicant 1 did add Applicant 2 to Chase, AMEX and Discover ($30k) as an AU. However since the changes to reporting AU's are here or still coming this effect is now lost. It's the only reason App 1 is willing to co-app for App 2 (yes family).
Since AMEX doesn't, any idea if Discover would based on the information?
@wasCB14 wrote:When did Amex stop offering joint accounts, exactly? I think my parents had a joint personal Costco TrueEarnings Amex account.
I have a joint Discover. Getting CLIs is a PITA.
I haven't personally tried to open one, but I think there are enough articles to back up what I had heard:
If you want to open up a joint credit card today, you may be out of luck with certain issuers. In 2013, Chase scrapped its joint cardholder offerings for the sake of simplicity. Capital One stopped offering the option over 10 years ago, and American Express never gave it to consumers in the first place. - nerdwallet
In fact, many major banks don't allow joint credit card accounts, and I'm fairly certain that the legal complexity associated with joint accounts when relationships go sour has a lot to do with it. American Express has never offered joint accounts (but does allow authorized users), and Chase, HSBC, and Capital One have all discontinued joint accounts during the past several years. - Motley Fool
Chase isn't the first issuer to get rid of the joint credit card option. HSBC scrapped it in 2010, and Capital One stopped offering the option about ten years ago.
TD Bank and American Express have never allowed joint account holders, while Bank of America, Wells Fargo, U.S. Bank and Discover still provide customers with this option. - CNN Money
Chase joins American Express and Capital One, both of which don't offer joint accounts. Bank of America, Discover and Wells Fargo do. - bankrate
lllollolll, as long as the CBs can determine that there is a bona fide relationship between the account holder and the AU, the accounts should be beneficial for scoring purposes and there are no plans to change that. I'm not sure if the various Vantage scores take them into consideration as much or at all, but certainly the FICO scores do. If Applicant #2's FICO scores aren't improving, there may be other factors holding the scores down.