@Anonymous wrote:Wow, I've never seen anyone with such a high score consider being an AU. I thought the only time anyone would consider it would be when they want to build from a lower score.
As for being an AU for Discover, you get a card in your own name but with the same card # as the original cardholder. No, you don't get your own log in, free fico score, nor do your transactions remain separate from the original cardholder's.
Sounds like it hasn't changed, but the big question I think that's been raised is how does it report on the AU's file? Is the full tradeline carried over which it traditionally has, or does it appear as a new account?
I think the situation happens more often than we think, AU's make sense for consolidating spending as they weren't really designed for improving credit but their implementation lead to that... just our opinions and views are seriously skewed on this forum heh.
@Anonymous wrote:
@Revelate wrote:
@Anonymous wrote:Wow, I've never seen anyone with such a high score consider being an AU. I thought the only time anyone would consider it would be when they want to build from a lower score.
As for being an AU for Discover, you get a card in your own name but with the same card # as the original cardholder. No, you don't get your own log in, free fico score, nor do your transactions remain separate from the original cardholder's.
Sounds like it hasn't changed, but the big question I think that's been raised is how does it report on the AU's file? Is the full tradeline carried over which it traditionally has, or does it appear as a new account?
I think the situation happens more often than we think, AU's make sense for consolidating spending as they weren't really designed for improving credit but their implementation lead to that... just our opinions and views are seriously skewed on this forum heh.
DH is in newly rebuilding mode with a thin file where he wasn't approved for Sam's Club or AMEX. I had him added last month, as an AU on 3 of my CCs. Both the Cap1 and Discover's full tradeline has been carried over to his CR on Experian, increasing his score by nearly 40 points. My AMEX still hasn't reported on his CR yet, probably because the statement doesn't cut for another 2 weeks.
Thanks!
Yeah CD I suspect nothing changed on a large scale, maybe some other lender has started Amex's ACM policies but the sky isn't falling.