Credit card piggybacking on my father's gold card?

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elliotiscool
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Credit card piggybacking on my father's gold card?

Postby elliotiscool » Wed Dec 15, 2010 1:35 pm

Hey guys,
I have been wanting to get into using an American Express. I am currently in the process of piggybacking onto my father's gold card as a joint account holder. This is supposed to show in my credit history the whole history of the card, which my dad has had for more than 10 years.

I am curious if anyone would know how American Express would treat this if I applied for a credit card with them months down the line after this. Anyone know? Thanks.


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Pete838
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Postby Pete838 » Wed Dec 15, 2010 8:25 pm

Unless you are somehow a joint account holder it won't matter. There is a difference between a cosigner and an authorized user.

Get a bank account and don't overdraw it. Get a starter card from somewhere, maybe Capital One. You'll probably start with a $200-500 line. After a few months get an Amex Zync card. The Amex credit card products are pretty tough to get, but they seem to be pretty lax with the Zync, and the annual fee is only $25.
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Mogul of Pineapples
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Postby Mogul of Pineapples » Thu Dec 16, 2010 1:28 am

How long have you been piggybacking and what is your age? It should help if your Social Security is on his account but it could take a few months to show up.

Whether or not the full 10 years shows up, I've heard conflicting reports- yes and no.
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elliotiscool
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Postby elliotiscool » Thu Dec 16, 2010 11:43 am

Unfortunately since I last posted this I found out they won't allow joint account holders so this won't work for me :mad:

I already got a capital one secure -__- credit card on the way. When should I be looking to apply for a zync? Thanks

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Pete838
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Postby Pete838 » Thu Dec 16, 2010 2:32 pm

I would say 8-12 months of satisfactory payments (more than minimum and on time) and sub-50% utilization should be sufficient. If you get turned down try again in 6 months.
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
Ronald Reagan

onechild
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Postby onechild » Fri Dec 17, 2010 3:31 am

I had piggy backed on my mother's credit card as a teen, it was from Key Bank in the midwest. I am well past the age of having to do that now LOL but I would do it again today [If it's still allowed]

Try checking with another of his cards maybe?

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Cucumber
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Postby Cucumber » Sun Dec 19, 2010 2:59 pm

For like two years piggybacking wasn't allowed bec it was abused. There would be like those with good credit selling to have someone with bad credit added on their account. I think that's why it was taken away in 2008ish but Fico brought it back. I wonder if there are still businesses selling credit card piggybacking services.
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