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Would you add your sibling as an authorized user?

Established Member

Would you add your sibling as an authorized user?

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!



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Current Score: 675
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Message 1 of 30
29 REPLIES
Moderator

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?




        
Message 2 of 30
Established Member

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


Revelate wrote:

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?


Thats the thing, shes does'nt exactly know how to handle money that well.

But she needs to start somewhere!

My parents don't live in the US anymore, they gave up their residency and moved back to Taiwan. Therefore, my parents dont have any open cards.

I am currently taking care of her, and when she asked me to add her on my cc, I said we'll see. Wasnt sure what to do. 



Starting Score: 700 All Across
Current Score: 675
Goal Score: 775+


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Message 3 of 30
Moderator

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


Pookubbq wrote:

Revelate wrote:

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?


Thats the thing, shes does'nt exactly know how to handle money that well.

But she needs to start somewhere!

My parents don't live in the US anymore, they gave up their residency and moved back to Taiwan. Therefore, my parents dont have any open cards.

I am currently taking care of her, and when she asked me to add her on my cc, I said we'll see. Wasnt sure what to do. 


Have the frank conversation with her about it, agreed she needs to start somewhere and there may be options (vis a vis Amex) where you can limit the AU's spending capability which might be precisely what she needs for now. 

 

Tracking expenditures and payments, if you can give her the ability to make it work with your helping her, frankly it could be a huge win for her later.  If it were my sibling in your scenario I'd try to find a way to make it work, but there'd absolutely be ground rules, in writing... even if it's probably not enforcable till 18 she might not know that Smiley Happy.




        
Message 4 of 30
Valued Contributor

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


Pookubbq wrote:

Revelate wrote:

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?


Thats the thing, shes does'nt exactly know how to handle money that well.

But she needs to start somewhere!

My parents don't live in the US anymore, they gave up their residency and moved back to Taiwan. Therefore, my parents dont have any open cards.

I am currently taking care of her, and when she asked me to add her on my cc, I said we'll see. Wasnt sure what to do. 


^^^^

Since you alluded she does not handle money well, the answer is no, do not make her a AU. She can apply as an 18 year old, like I did when i was a freshman in college. She will be responsble for her own failures and successes, hopefully you can guide her. I had no one but myself and my good sense and judgment and organization/planning skills to keep my head above water with credit cards.

Credit Cards: AmEx Platinum (NPSL), Citi Prestige ($32K), Simmons ($5.5K), IberiaBank ($14K)
Personal Lines of Credit: U.S. Bank ($5K), Wells Fargo ($11.2K), Citibank ($11.8K), PenFed CU ($25K), LA Financial CU ($20K)
myFICO 3B Report (as of 4/30/16): Experian: Score 8: 786; Mortgage Score 2: 809 Equifax: Score 8: 801; Mortgage Score 5: 809 Transunion: Score 8: 796; Mortgage Score 4: 796
Jumbo Mortgage: 3.75%
Message 5 of 30
Established Member

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


Revelate wrote:

Pookubbq wrote:

Revelate wrote:

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?


Thats the thing, shes does'nt exactly know how to handle money that well.

But she needs to start somewhere!

My parents don't live in the US anymore, they gave up their residency and moved back to Taiwan. Therefore, my parents dont have any open cards.

I am currently taking care of her, and when she asked me to add her on my cc, I said we'll see. Wasnt sure what to do. 


Have the frank conversation with her about it, agreed she needs to start somewhere and there may be options (vis a vis Amex) where you can limit the AU's spending capability which might be precisely what she needs for now. 

 

Tracking expenditures and payments, if you can give her the ability to make it work with your helping her, frankly it could be a huge win for her later.  If it were my sibling in your scenario I'd try to find a way to make it work, but there'd absolutely be ground rules, in writing... even if it's probably not enforcable till 18 she might not know that Smiley Happy.


Alright, I'll bring it up to her before she heads off to college...

Thank you so muchSmiley Happy Your opinion really helped! 



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Message 6 of 30
Established Member

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


youdontkillmoney wrote:

Pookubbq wrote:

Revelate wrote:

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!


Depends what she wants the card for and frankly how much you trust her.

 

If she just wants it for a credit boost and not receive the card then I'd probably do it but my sibling is even more conceintious about paying back debts to people than I am.

 

If she wants the card for spending, well that's a much different deal.  Why isn't she asking your parents in this case?


Thats the thing, shes does'nt exactly know how to handle money that well.

But she needs to start somewhere!

My parents don't live in the US anymore, they gave up their residency and moved back to Taiwan. Therefore, my parents dont have any open cards.

I am currently taking care of her, and when she asked me to add her on my cc, I said we'll see. Wasnt sure what to do. 


^^^^

Since you alluded she does not handle money well, the answer is no, do not make her a AU. She can apply as an 18 year old, like I did when i was a freshman in college. She will be responsble for her own failures and successes, hopefully you can guide her. I had no one but myself and my good sense and judgment and organization/planning skills to keep my head above water with credit cards.


I agree with you as well.. I feel like she should go through with it by herself so she learns... Good point...



Starting Score: 700 All Across
Current Score: 675
Goal Score: 775+


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Message 7 of 30
Regular Contributor

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


Pookubbq wrote:

youdontkillmoney wrote:


^^^^

Since you alluded she does not handle money well, the answer is no, do not make her a AU. She can apply as an 18 year old, like I did when i was a freshman in college. She will be responsble for her own failures and successes, hopefully you can guide her. I had no one but myself and my good sense and judgment and organization/planning skills to keep my head above water with credit cards.


I agree with you as well.. I feel like she should go through with it by herself so she learns... Good point...


This. HOWEVER, you can add her as an AU and not give her a card. It will give her credit a boost for when she's ready to apply for her own cards, but still keep your balances safe.

 
Scores as of 10/10/2015: EQ-726 TU-743 EX-716
Gardening since: 5/10/20116
Message 8 of 30
Regular Contributor

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

Something that you could do is add her to which ever card you choose (the one with the least UTI and the one that you have had open the longest that you actively use would probably be the best as those are 2 of the 3 high impacts for one's credit.) and once the card(s) come in the mail, you keep them in your sock drawer or cut them up.

 

By keeping the card(s) yourself or by throwing them away, she will still be benefited by the card and you will not have to worry about her spending her money!

Discover it $14.5k opened 3/86, Best Buy Mastercard $8k opened 4/08, Fidelity Visa (Elan) $12k opened 4/09, Chase Freedom $25k opened 12/14, AMEX Hilton (no AF) $18.1k opened 1/15, Citi Double Cash $13.2k opened 08/15, Discover it $10k opened 3/16, Chase IHG $25k opened 7/16, Blue Cash Everyday $18.1k opened 8/17

AVG UTL: 1-2%, 100% on-time payments

Vantage Scores: TU 816 & EQ 793
Message 9 of 30
Valued Contributor

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

It's been 20 years.

 

I still haven't forgiven my brother for breaking my Gameboy.

 

I'll give him advice.  I'll feed him.  I'll let him crash at my pad.  I will not AU him.  Tough love.

 

...plus he got his Bachelor's in Finance...so...

Starting Score: (8/15) EQ08 592 TU08 572 EX08 600
Current Score: (03/18) EQ08 725TU08 706 EX08 716
I'm never here bc not a fan of the new culture. Flying to Europe R/T First Class. Yay points.
Message 10 of 30