Need help choosing credit card for brother.

Madyun1982 · ‎03-19-2019

Hello everyone!
I've been helping my brother establish credit by adding him to 4 of my credit cards. (He doesn't have the cards) lol
Anyway since doing so his fico score is now 770 ex 765 trans 771 eq
I want to get a card in his own name. As I understand him being on my cards isn't enough. Which card should I apply for that he may qualify for?
Thanks in advance

Anonymous · ‎03-19-2019

I recently did this for my brother.

At the 6 months mark, I applied for a Discover IT card for him and he was approved for a 500 SL. Will keep him as AU until the 1-year mark before cutting him completely loose.

Check out the Discover pre-qual.

Gmood1 · ‎03-19-2019

Discover would be my first choice , if he doesn't have a way to apply for a Navy Fed CC.

Madyun1982 · ‎03-19-2019

Thanks so much! I'll try for the discover card. Wasn't sure if they would count him being an AU on my card as an account and deny him. But I'll check the prequal site as you both suggested!

credit_is_crack · ‎03-19-2019

@Madyun1982 wrote:
Thanks so much! I'll try for the discover card. Wasn't sure if they would count him being an AU on my card as an account and deny him. But I'll check the prequal site as you both suggested!

+1, Discover and American Express seem to favor thin profiles more than other banks. NFCU is quite generous and doesn't seem to care if someone is an AU or not, they just review the score and history of whatever is on that report. If you're looking at various banks here (in my opinion) are the cards that are more lenient with new builders.

Discover IT/Chrome
Navy Federal Cash Rewards
Capital One Quicksilver One
Chase Freedom or Freedom Unlimited
Bank of America Cash Rewards
Amex Cash Magnet or Blue Cash Everyday or Delta Sky Miles Gold
US Bank Cash+
Citi DoubleCash (expect low starting limits if new to Citi Bank)

Travel rewards cards in general seem to be a bit tighter on underwriting, but this is a YMMV case. Good luck!

$27,000 USAA Preferred Cash Rewards Amex

$6,500 Marriott Premier Plus Business VS

Anonymous · ‎03-19-2019

Not sure what you mean by applying for him. Don't you mean you want him to apply for one, now that he has a good credit profile due to the help you gave him?

I would recommend he apply for the Discover It Cash Back. It offers 5% cash back in rotating categories on up to $1500 in purchases each quarter, unlimited 1% on everything else. There's a bonus at the end of the 1st year of owning the card, the cash back is matched. Whatever was made in cash the first year, Discover will reward the cardholder with the same amount, so the first year cash back rate is more like 10% in rotating categories and 2% on everything else.

Madyun1982 · ‎03-19-2019

Thank you so much for the break down. That helps a lot. I just want him to get a card of his own! Plus I want to see how he manage the card. If my credit lessons and what i've learned from you guys here on my fico. Has gone in over ear and out the other. Lol

Madyun1982 · ‎03-19-2019

@TIGEREYES
Yes he could apply himself, but this is something he's entrusting me to do. However moving forward as he learns more about how credit works etc. He'll do it himself. I'm gonna see him this weekend and we're gonna look into appn for the discover. Thanks for the input.. This site is the best! I told him to make an account here and get all this FREE knowledge! Lol

Anonymous · ‎03-19-2019

@credit_is_crack wrote:
@Madyun1982 wrote:
Thanks so much! I'll try for the discover card. Wasn't sure if they would count him being an AU on my card as an account and deny him. But I'll check the prequal site as you both suggested!
+1, Discover and American Express seem to favor thin profiles more than other banks. NFCU is quite generous and doesn't seem to care if someone is an AU or not, they just review the score and history of whatever is on that report. If you're looking at various banks here (in my opinion) are the cards that are more lenient with new builders.

Discover IT/Chrome
Navy Federal Cash Rewards
Capital One Quicksilver One
Chase Freedom or Freedom Unlimited
Bank of America Cash Rewards
Amex Cash Magnet or Blue Cash Everyday or Delta Sky Miles Gold
US Bank Cash+
Citi DoubleCash (expect low starting limits if new to Citi Bank)
Travel rewards cards in general seem to be a bit tighter on underwriting, but this is a YMMV case. Good luck!

+1