- Platinum Member
- Posts: 60
- Joined: Wed Aug 29, 2012 11:19 am
- Location: Pittsburgh, PA
SClay wrote:Considering I didn't know Authorized User's even existed until a few days ago, it's not really 'a given' for me. I always knew there were joint-holders which is why I was led to believe they would have the same rules. But for me, obtaining ANY sort of 'credit' card under 18 was completely unheard of and I didn't think it was possible under any circumstance. Clearly I was mistaken, hence my reason for coming on this forum.
Your best bet is to still become an AU just for the age of credit history. You may be able to have them back date your card (I have been successful with back dating family cards to my membership date but others have not been).
The account older can keep the card and not even give it to you to use to help reduce risk if they are concerned (and set a spending limit of $500 or who not).
This still will greatly help your credit report.
1) It will show you have an Amex starting with the date you sign up (or sooner if you get them to back date it) - this will give you a few years head start on your "Average Age" of credit history which is a large part of your credit report.
2) You will get their credit line to display on your report which (assuming they are not maxing out or carrying high balances as the account holders balances will display on your report) give you a boost with a low credit utilization.
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