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How much of a point boost will an Amex Gold Card authorized user give?

jmoneyjumpman
New Member

How much of a point boost will an Amex Gold Card authorized user give?

I'm at about a 617 fico, just got an amex gold authorized user today, how much of a boost will it give my credit score?

Message 1 of 12
11 REPLIES 11
Obscure-Expert
Valued Contributor

Re: How much of a point boost will an Amex Gold Card authorized user give?

Probably not as much as it would be if it was a revolver with a high CL and long age to it.

500K+ TCL / 800+ FCOs
Message 2 of 12
Anonymous
Not applicable

Re: How much of a point boost will an Amex Gold Card authorized user give?

I wasn’t aware there was any boost from a charge card?

Message 3 of 12
KJinNC
Valued Contributor

Re: How much of a point boost will an Amex Gold Card authorized user give?

Depends on what is strong and weak about your profile, eg does this card address a weakness or does it just add to existing strength. You could try the simulators. They aren't accurate, but at least they base their guesses on knowing your profile more than we do.


FICO Resilience Index: 69. Cards: 14/24, 3/12, 3/6. Accounts including loans: 16/24, 4/12, 4/6. At first accidentally, later deliberately, I used what I call the "thick-start" build method, which leads to heavy credit-seeking for a while with the goal of coming out of it without needing to build a thin profile for years. There are pros and cons. Thread describing method
Cards (oldest to newest)


Authorized user / Corporate / Auto loans / Personal loan

Card CLs total $146,100, not counting the AU card. The AU card brings the total to $172,600. In 03/19, card CLs totaled $0.
CU and bank memberships: Coastal Credit Union, joined 1987, direct deposit; PenFed, joined 2019; Navy Federal, joined 2020; USAA, joined 2020; Chase Bank, joined 2020. Best: Coastal, worst: NFCU. I have had weird Keystone Kops customer service problems with NFCU several times, despite their reputation here.

Closed but still on reports: American Express Gold, NPSL, 08/19-06/21 | American Express Delta Gold, $1,000, 09/19-10/20 | American Express Hilton Aspire, $3,100, 09/19-12/20 | Citi secured, $200, 04/19-09/19 | Capital One secured, $300, 04/19-08/19 | My Jewelers Club, $5,000, 05/19-08/19 | Green Dot Primor, $300, 05/19-08/19 | Self Lender secured $500 loan, 04/19-01/20 | Unsecured personal loan from Coastal, $1,000, 06/19-08/19.
Note: My signature is updated frequently, and updates appear on all instances of my signature including on old posts.
Message 4 of 12
Remedios
Moderator

Re: How much of a point boost will an Amex Gold Card authorized user give?


@jmoneyjumpman wrote:

I'm at about a 617 fico, just got an amex gold authorized user today, how much of a boost will it give my credit score?


Hi and welcome 

 

That would depend on whether you have other revolving accounts, their age, average age and and installment accounts, if any.

 

 

There is not enough information in your post to guess.

Feel free to add additional DPs about your profile if you want to get better educated guesses 

Message 5 of 12
CramEiko
Established Contributor

Re: How much of a point boost will an Amex Gold Card authorized user give?


@Anonymous wrote:

I wasn’t aware there was any boost from a charge card?


The only boost I've ever seen from my Gold Card is on CK after a balance has posted. Other than that. It's like a ghost card in CK's eyes as far as scoring goes. Then again if the wind blows so goes my scores +/- with CK. HAHA

 

 

Good Luck! 





RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold
Message 6 of 12
jmoneyjumpman
New Member

Re: How much of a point boost will an Amex Gold Card authorized user give?

I only have two active credit cards and one auto loan, I'm sure it must have some impact on my credit

Message 7 of 12
Revelate
Moderator Emeritus

Re: How much of a point boost will an Amex Gold Card authorized user give?

Unfortunately an AMEX AU reports as a new account, you don’t inherit any history.

Basically it isn’t one that you add for scoring purposes because except for thin files it is a straight negative (new account), you only add an Amex AU for use.



        
Message 8 of 12
FlaDude
Established Contributor

Re: How much of a point boost will an Amex Gold Card authorized user give?

Amex used to count the actual date the account was opened for AUs, so that could give a boost to AAoA, but they stopped doing that years ago so it will now shows up as a new account. I'm not sure when they changed, but I added my daughter as an AU to my Gold about 10 years ago and it shows as a 25 year old account for her.

Scores: March 21 FICO 8: EX 810, TU 808, EQ 813
AoOA: closed: 36 years, open: 25 years; AAoA: 11.8 years
Amex Gold, Amex Green, Amex Blue, Amex ED, Amex Delta Gold, Amex Hilton Surpass, BoA Platinum Plus, Chase Freedom Unlimited, Chase Amazon, Chase CSP, Chase United Explorer, Citi AA Plat, Sync Lowes, Sync JC Penney - total CL 145k
Loans: Chase car loan (35k/6yrs 0.9%)
Message 9 of 12
FinStar
Moderator

Re: How much of a point boost will an Amex Gold Card authorized user give?


@Revelate wrote:
Unfortunately an AMEX AU reports as a new account, you don’t inherit any history.

Basically it isn’t one that you add for scoring purposes because except for thin files it is a straight negative (new account), you only add an Amex AU for use.

Pretty much this ^^^^

Message 10 of 12
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