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Does being an Au as a minor really help?

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
Valued Member

Does being an Au as a minor really help?

My 16 year old has been an Au on most of my cc since last year since she doesnt uet have a cs is it really helping her ?
Message 1 of 8
7 REPLIES 7
Frequent Contributor

Re: Does being an Au as a minor really help?

Have you tried pulling a 3 credit report to see if shes in the system? Thats the 1st step. Unsure what the age is for credit reporting?

EQ 812 / TU 802 / EX 818 Being in the 800s doesn't mean a thing if you have a Thin File
Message 2 of 8
Community Leader
Senior Contributor

Re: Does being an Au as a minor really help?

Sure. Smiley Happy

 

Some lenders disregard AUs. But some will give her credit for being one. She should be able to get an unsecured card from a good bank, possibly a Discover or Capital One Platinum.

Message 3 of 8
Valued Member

Re: Does being an Au as a minor really help?

Shes only 16 atm im wondering next year when she turns 18 will she have good credit
Message 4 of 8
Valued Contributor

Re: Does being an Au as a minor really help?

That will depend on how you manage the account. If it has 100% payment history and low utilization, then it’s very likely it will be beneficial to her score. If it’s high usage or has derogs, then no, it’ll cause more harm than good.


Rose Gold/BCP/Delta Gold/Hilton Ascend/Hilton Honors | IT | Quicksilver | Target | VS | Home Depot | Lowes | Firestone | Wayfair | Kohl’s

Heir apparent to the SJ Special (finally got a Disco CLI of $300)





Entering the garden 5/27/2019, staying until 2020
Message 5 of 8
Community Leader
Super Contributor

Re: Does being an Au as a minor really help?


@MeN5 wrote:
Shes only 16 atm im wondering next year when she turns 18 will she have good credit

If she is AU on your Synch cards, no

 

If she's AU on cards with low utilization, yes. 

EX 753 EQ 769 TU 755
Message 6 of 8
Valued Contributor

Re: Does being an Au as a minor really help?

I'm just wondering on what side of the Planet you live, where you can go from 16 to 18 in the next year!

Message 7 of 8
Established Member

Re: Does being an Au as a minor really help?

well its june...if her birthday is in sept, she will be 17 this year,,,,,next year in sept she will be 18......(Mod edit - please keep things FSR, thanks)

 


@Janus wrote:

I'm just wondering on what side of the Planet you live, where you can go from 16 to 18 in the next year!


 

Message 8 of 8