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Impact of adding someone as an Authorized User

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dragontears
Senior Contributor

Re: Impact of adding someone as an Authorized User


@Wavester64 wrote:

@Gmood1 wrote:

@Trudy 

The AU cards if issued are always sent to the primary user's home address.

Capital One and Navy Federal give the option of no CC being issued at all. I'm sure there are others that give this option as well. I can't remember the others at the moment.


I always wondered what the impact is if you are an AU with better credit than the card holder?

For example, we'll be into the 2030s before I will be 5/24 to get a CHASE card Smiley LOL Let's say DW is 2/24 and can get a CHASE card, and puts me down as an AU. For the sake of this hypothetical story, lets say I monitor the account 100%. However her credit is not as good as mine and she lets her other cards tank (not the CHASE since she doesn't use that one) does my credit get affected?


Only the account that shows on your reports affect your credit score. 

Given your hypothetical scenario, assuming chase didn't take AA on the account (in reality they most likely would take AA if she "let's her other cards tank") you would be unaffected. 

Message 11 of 14
BmoreBull
Established Contributor

Re: Impact of adding someone as an Authorized User


@Kforce wrote:

 

3) Some issuers report AU account as new so they don't get age from card. (AMEX)

 

^^^This. I had my mother add me to her Amex. She doesn't use the card at all. Has had the card for four years with perfect history and never even asked for a cli from the initial cl. I thought I was going to gain her four years of history. When I found out it would report as a brand new account for me, I called them and had myself removed. The card never reported and I hope they don't since I cancelled it before it could.


 



Starting Fico Scores:November 2019

Current Fico Scores: January 6, 2021
Goal Scores: 700 across all three
Message 12 of 14
Anonymous
Not applicable

Re: Impact of adding someone as an Authorized User


@dragontears wrote:

@Wavester64 wrote:

@Gmood1 wrote:

@Trudy 

The AU cards if issued are always sent to the primary user's home address.

Capital One and Navy Federal give the option of no CC being issued at all. I'm sure there are others that give this option as well. I can't remember the others at the moment.


I always wondered what the impact is if you are an AU with better credit than the card holder?

For example, we'll be into the 2030s before I will be 5/24 to get a CHASE card Smiley LOL Let's say DW is 2/24 and can get a CHASE card, and puts me down as an AU. For the sake of this hypothetical story, lets say I monitor the account 100%. However her credit is not as good as mine and she lets her other cards tank (not the CHASE since she doesn't use that one) does my credit get affected?


Only the account that shows on your reports affect your credit score. 

Given your hypothetical scenario, assuming chase didn't take AA on the account (in reality they most likely would take AA if she "let's her other cards tank") you would be unaffected. 


^^^^^^^^^ This!

Message 13 of 14
Wavester64
Valued Contributor

Re: Impact of adding someone as an Authorized User


@dragontears wrote:

@Wavester64 wrote:

@Gmood1 wrote:

@Trudy 

The AU cards if issued are always sent to the primary user's home address.

Capital One and Navy Federal give the option of no CC being issued at all. I'm sure there are others that give this option as well. I can't remember the others at the moment.


I always wondered what the impact is if you are an AU with better credit than the card holder?

For example, we'll be into the 2030s before I will be 5/24 to get a CHASE card Smiley LOL Let's say DW is 2/24 and can get a CHASE card, and puts me down as an AU. For the sake of this hypothetical story, lets say I monitor the account 100%. However her credit is not as good as mine and she lets her other cards tank (not the CHASE since she doesn't use that one) does my credit get affected?


Only the account that shows on your reports affect your credit score. 

Given your hypothetical scenario, assuming chase didn't take AA on the account (in reality they most likely would take AA if she "let's her other cards tank") you would be unaffected. 


Thanks @dragontears Smiley Happy






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Message 14 of 14
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