First card with no history except AU for 3 months?

[ksantangelo23]

My first card under my name was BCP @ $5,600, thanks to my AU history.

Without any doubt, AU accounts are important. But, it is true that some lenders completley disregard them. (Chase).

[Anonymous]

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@ksantangelo23 wrote:

@Anonymous first card under my name was BCP @ $5,600, thanks to my AU history.

Without any doubt, AU accounts are important. But, it is true that some lenders completley disregard them. (Chase).

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Very much agree...

[vanillabean]

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Yes-Its-Me Wrote:

 What I am disagreeing to in your post is "saying AU history doesn't matter" and my clarification is it does..

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For the record, I didn't say "AU history doesn't matter." I said "AU history doesn't matter much." 

[ksantangelo23]

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@Anonymous-own-fico wrote:

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Yes-Its-Me Wrote:

 What I am disagreeing to in your post is "saying AU history doesn't matter" and my clarification is it does..

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For the record, I didn't say "AU history doesn't matter." I said "AU history doesn't matter much." 

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Made a world a difference for me Im not familiar with any CC lender that "sort of" considers AU history. It seems to be they do, or they dont.

[Anonymous]

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@Anonymous-own-fico wrote:

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Yes-Its-Me Wrote:

 What I am disagreeing to in your post is "saying AU history doesn't matter" and my clarification is it does..

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For the record, I didn't say "AU history doesn't matter." I said "AU history doesn't matter much." 

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Fair enough, my error for omitting the "much".  But I still think AU history does matter very much.... There are alot of people starting out who don't need a secure card to get started.  Being added as AU is enough to get them going and don't thing it is manipulation.

[Anonymous]

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@ksantangelo23 wrote:

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@Anonymous-own-fico wrote:

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Yes-Its-Me Wrote:

 What I am disagreeing to in your post is "saying AU history doesn't matter" and my clarification is it does..

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For the record, I didn't say "AU history doesn't matter." I said "AU history doesn't matter much." 

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Made a world a difference for me Im not familiar with any CC lender that "sort of" considers AU history. It seems to be they do, or they dont.

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Agreed.  AU helps get people through the door....   

[Anonymous]

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@Anonymous-own-fico wrote:

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@Anonymous wrote:

Au history IS a big deal, some lenders more than others.

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Did the lenders explicitly say so?

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Some just said lack of credit history or too many new accounts is a problem.

[Anonymous]

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@Anonymous-own-fico wrote:

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Yes-Its-Me Wrote:

 What I am disagreeing to in your post is "saying AU history doesn't matter" and my clarification is it does..

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For the record, I didn't say "AU history doesn't matter." I said "AU history doesn't matter much." 

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Are the accounts you rolled over to her file only 3 months old? Your sisters file should show the opening date of the card (when YOU opened it).

What cards did you roll over, what are the limits, and when did you open them? Then we can tell you your best course of action.

This forum tells her what to do. It's time to just apply where others on this forum with a file similar to hers and build it up.

I got what I have with brand new accounts ooened 6/14 that I was an au on. That's why I want to know the specifics of your accounts. If they are several years old or older she can start really moving forward. She just needs to really get moving. 

[Anonymous]

My dw applied for amex with 4 months as an AU on two of my cards and got approved for not one but two amex ed and bce 9500 9900.... Letter received from amex after said she had 690....i say give it a shot if it gets approved keep applyingfor the cards she want and if it doesnt then just stop and see what else can she do....

[Anonymous]

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@Anonymous-own-fico wrote:

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@Anonymous wrote:

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@Anonymous-own-fico wrote:

AU history doesn't matter much, except maybe she can skip the initial step of a secured card. Try a credit union. She needs income! Does she have other credit such as installment loans? I assume her Chex is clean.

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I have to disagree with this statement.  Authorize users are very important in helpting one establish credit history. To backup up what I am saying with a quick research and to validify, here is a quick from a valid source - Huffingtonpost

http://www.huffingtonpost.com/creditsesamecom/how-does-being-an-authori_b_5946054.html

I hope this clarifies things a bit for all...

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I don't actually disagree with what Ulzheimer is saying here ( and I don't think I have ever disagreed with anything that he has said). But in the article it's almost all FICO 04 and very little lenders.

How about this article? "FICO's Watts cautions young adults that there is no quick fix to good credit and building a good credit history takes time. The point and purpose of adding someone (or of being added) to a credit card as an authorized user or co-signer should be access to credit, not manipulation of one's credit history or credit rating," according to Watts."

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We're not trying to be goody goodys here. The point of piggybacking on credit cards as an au is to build a solid file for yourself as quick as possible, Period! Access to credit is bull unless you are married or in a relationship and whomever applies for a card adds their partner to it so that they both have access to each others cards.