@SouthJamaica wrote:
@TyrannicalDuncery wrote:I'm thinking of adding someone I trust as an authorized user on one of my cards (if it's okay with them, of course). I'm trying to think through what all the downsides could be.
Here's what I can think of. Are these correct, and are there any others that I haven't considered?
- My authorized user's credit could get hurt if adding my card hurts their age/mix or if I miss payments.
- My authorized user could spend too much.
- My authorized user could mishandle the card and get it frozen or stolen or something.
- Unknown weird proprietary bank analytics
Did you know there's a separate all zero penalty for authorized users? I can't even wrap my head around how it works, but I once tested it and found that it was a real thing, causing the AU to experience a significant point loss for no good reason. I think that counts as a weird analytic.
Hi SouthJamaica, what happens? I'm trying to understand who it affects. The AU or the Owner?
@butterpecan wrote:
@SouthJamaica wrote:
@TyrannicalDuncery wrote:I'm thinking of adding someone I trust as an authorized user on one of my cards (if it's okay with them, of course). I'm trying to think through what all the downsides could be.
Here's what I can think of. Are these correct, and are there any others that I haven't considered?
- My authorized user's credit could get hurt if adding my card hurts their age/mix or if I miss payments.
- My authorized user could spend too much.
- My authorized user could mishandle the card and get it frozen or stolen or something.
- Unknown weird proprietary bank analytics
Did you know there's a separate all zero penalty for authorized users? I can't even wrap my head around how it works, but I once tested it and found that it was a real thing, causing the AU to experience a significant point loss for no good reason. I think that counts as a weird analytic.
Hi SouthJamaica, what happens? I'm trying to understand who it affects. The AU or the Owner?
Like I said I can't wrap my head around how it works. But my recollection is that my AU got shellacked when I reported a zero balance on her card. Perhaps another forum member can give you the answer.
@SouthJamaica I see, well that tells me more than I know to start with. Thank you and you are right, it sounds tricky.
@TyrannicalDuncery wrote:
@SouthJamaica wrote:
@TyrannicalDuncery wrote:I'm thinking of adding someone I trust as an authorized user on one of my cards (if it's okay with them, of course). I'm trying to think through what all the downsides could be.
Here's what I can think of. Are these correct, and are there any others that I haven't considered?
- My authorized user's credit could get hurt if adding my card hurts their age/mix or if I miss payments.
- My authorized user could spend too much.
- My authorized user could mishandle the card and get it frozen or stolen or something.
- Unknown weird proprietary bank analytics
Did you know there's a separate all zero penalty for authorized users? I can't even wrap my head around how it works, but I once tested it and found that it was a real thing, causing the AU to experience a significant point loss for no good reason. I think that counts as a weird analytic.
Wooooow, that is indeed analytics and very weird, 2/2. Thanks!
Do you mean that like, there is a penalty to my AU if all of the cards for which they are an AU are paid off?
If you are an AU, and all the cards on which you are an AU report at zero, you receive a second all zero penalty just for that.
@butterpecan wrote:
@SouthJamaica wrote:
@TyrannicalDuncery wrote:I'm thinking of adding someone I trust as an authorized user on one of my cards (if it's okay with them, of course). I'm trying to think through what all the downsides could be.
Here's what I can think of. Are these correct, and are there any others that I haven't considered?
- My authorized user's credit could get hurt if adding my card hurts their age/mix or if I miss payments.
- My authorized user could spend too much.
- My authorized user could mishandle the card and get it frozen or stolen or something.
- Unknown weird proprietary bank analytics
Did you know there's a separate all zero penalty for authorized users? I can't even wrap my head around how it works, but I once tested it and found that it was a real thing, causing the AU to experience a significant point loss for no good reason. I think that counts as a weird analytic.
Hi SouthJamaica, what happens? I'm trying to understand who it affects. The AU or the Owner?
The AU.