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Would you add your sibling as an authorized user?

Valued Contributor

Re: Would you add your sibling as an authorized user?


Pookubbq wrote:

Hey guys, Im currently 23, and my sister is 17. She is going to college next year, and she wanted me to add her as an authorized user on my card.  I have serveral cards with a credit limit totaling 21k ish. Should I add her, or should she apply for credit herself next year? 

Thoughts? Comments?

Thanks!


No to AU.

 

Provide advice and coaching but she should establish her own credit. Getting there "on your own" is good for character building and self esteen.

Fico 8: .......EQ 850 TU 850 EX 850
Fico 9: .......EQ 850 TU 850 EX 850
Fico 4 .....:. EQ 809 TU 823 EX 830 EX Fico 98: 842
VS 3.0:...... EQ 835 TU 835 EX 835
Fico 8 BC:. EQ 892 TU 900 EX 900
CBIS: ........EQ LN Auto 940 EQ LN Home 870 TU Auto 902 TU Home 950
Message 21 of 30
Valued Member

Re: Would you add your sibling as an authorized user?

Yes and NO

 

Yes add and NO do not give her the "card"  as to what some people might say "authorized user cards don't help CR" is somewhat not true

My father did this to me when i was 19 3 months later i applied got 2 CC

 

So yes add and no don't let her use wait few months let her apply on her own



Began 8/2015
Goal 10/2016 Garden

Message 22 of 30
Regular Contributor

Re: Would you add your sibling as an authorized user?


erdoganog wrote:

Yes and NO

 

Yes add and NO do not give her the "card"  as to what some people might say "authorized user cards don't help CR" is somewhat not true

My father did this to me when i was 19 3 months later i applied got 2 CC

 

So yes add and no don't let her use wait few months let her apply on her own


FICO has recently changed the way (or even whether) AU gives an assist, shortly after being burned by some Florida guy who actually bought AUs for thousands of dollars from strangers, then bragged about it. When it made local and national TV news, FICO revamped it overnight. No one knows the new algorithms now. (Spouses living at the same address, with same or similar surnames seem the most secure bet.) So when you read folks saying, "AU may/may not help", they're not making it up.

 

But what is still true so far is, a 17/18 year old getting her own credit card with no job or income now will leave Sis in the awkward position of letting her sink or swim.

 

Your Dad was nice. Times have changed.

21 Months into gardening for 2 years until January 2019 when the last HP drops and BK7 is 5 yrs post.
Message 23 of 30
Established Member

Re: Would you add your sibling as an authorized user?

Heck no. My brother is very irresponsible. The only person I would add is my spouse.

Credit Repairing for two:
Me:
Torrid: 250 cl | Gordman's: 250 cl | Capital One Platinum: 300 > 400 cl | Capital One QS1 300 > 800 cl
Fiance':
Pier One Imports: 500 cl | Pottery Barn: 500 cl | Overstock: $250 cl | Lane Bryant: 250 cl | Capital One Secured Platinum $200 > $500 cl
Our Goal: No baddies & 700+ across the board & Purchase first home with both of us on the loan
Started this journey in Late May 2015

Gardening until we get another prequalify notice from a major bank! But primarily gardening to let accounts age and knock off the inquries!
Message 24 of 30
Valued Contributor

Re: Would you add your sibling as an authorized user?

I would to give her the boost but shred the cards as soon as they arrive to prevent you paying for her spending. 

Personal:

Business:


Message 25 of 30
New Member

Re: Would you add your sibling as an authorized user?

I did this with my mom , she is au in two of my cards but she only has one and she ask me before using it.

 

I thought about adding my older.sister and not giving her a card , but I know it was going to be an argument so I didn't add her.  She has proven not be responsible , so why gamble with my future.  Do you trust a irresponsible 17 year old with your future?

 

 

Message 26 of 30
Valued Contributor

Re: Would you add your sibling as an authorized user?

Not only would I add my sister, but I have. We are members of the same Credit Union, and I was not ever using that cc for that account. She had an IRS bill that was on payments. I suggested I add her as an AU on my cc and she make the payments. She is the only one using that card and she is the only one paying the payments, but I do moniter it. Me and my sister have a special relationship though, and she could have anything I own, all she need do is ask!





TU fico08=814 11/10/18
EX fico08=796 10/31/18
EQ fico08=813 10/04/18
EX fico09=803 10/03/18
EQ fico bankcard08=831 10/23/18
Garden since 07/02/18
Message 27 of 30
New Visitor

Re: Would you add your sibling as an authorized user?

Yes I would!

Message 28 of 30
Frequent Contributor

Re: Would you add your sibling as an authorized user?

I added my sister who ha no credit history. She already received a cc app in the mail. I plan to remove him once she has a year of payments reporting.


Message 29 of 30
Highlighted
Frequent Contributor

Re: Would you add your sibling as an authorized user?

Forgot to mention. I didnt issue a card to her. Cap One asks if you want a card for them. I said no. 


Message 30 of 30