Amex Minor Authorized User

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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SClay
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Amex Minor Authorized User

Postby SClay » Fri Aug 16, 2013 8:30 pm

Hey Guys!

So I'm new to the forum. I've been visiting this forum for some time now and just recently decided to make an account. Anyways, I have a question or two about AMEX Authorized Users

So I'm currently 15 (I know, what the hell am I doing on a CC forum?!) and have been using debit cards and prepaid cards for like two years. I think they're a great way to teach people my age how to handle their finances responsibly. I even have the American Express prepaid card! Anyways, my grandmother has had an American Express Costco card for almost a year now. And I've been reading a lot about how people who are age 15+ can be added as an authorized user and get their own card and everything. I think this would be excellent because not only could I shop at costco on my own when I get my car, but I could also run errands! Also, I've educated myself on credit and what to and not to do with it. THAT being said, I have two questions:

1) Assuming I get added as an Authorized User, will this start a credit profile or establish a relationship with AMEX so when I turn 18 I will have an easier time getting one of their lower-tier cards like a Green or Delta Gold?

2) As a 'selling point' for convincing her to add me as an AU, Could she set a pre-defined limit on my card specifically? Or do they have some sort of controls The credit line is significant, so I wouldn't want her to think I would rack up a ton of charges and be an irresponsible teen. Obviously I would treat it like a debit card.

Thanks for your help/reading! :)
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
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SClay
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Postby SClay » Sun Aug 18, 2013 7:18 am

EDIT - Figured it out now (Some of it, anyways!). Apparently, The Costco card is the ONLY card that you cannot have an authorized user on that is under 18. Why does a Costco member have to be 18+? Sounds ridiculous to me.

Oh well. I think I just might use my travel as a proper reason to get her to open a Amex Delta Gold. I mean it sounds practical to me. Not only do I travel on a plane often, But I'm also going to need it for things such as gas for a car and going out with friends. OH well. I guess I'll stick with my Prepaid Blue until further notice ;-).
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

mdl28
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Postby mdl28 » Sun Aug 18, 2013 2:35 pm

Nice to see you so eager to build credit. However stick with what you are currently doing with your personal amex debit card and just sit tight until you are of age to get your very own card. Convincing your grandmother to make you an autorized user will not help you buils credit at your age. All it will do is puy your grandmother on the line for all your charges regardless if you think they are practical or not. Do you handle your grandmothers finances? IE : balancing the bank account, paying bills and forcasting the cash flow vs out flow o cash? If not and you treat that costco amex as a debit card as you stated. That could make for a dangerous situation you may put your grandmother on the hook for. Is you grandmother on a fixed income? All these are questions an adult must think of before getting into an obligation with a ceditor. You ate doing great so far but I would just wait 3 more years or so and start fresh with your very own amex. Just follow the rules and you will be an account holder soon.
MDL

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SClay
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Postby SClay » Sun Aug 18, 2013 4:24 pm

Excellent outlook and idea, mdl28. Thanks!
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

Midori
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Postby Midori » Sun Aug 18, 2013 4:55 pm

That's really awesome that you're paying attention. Congrats!

Out of curiosity, is your grandma a custodial grandma? ie, is she your primary caregiver?

A few things you might do without putting your grandma's personal cards on the line...
* Do you have a checking account?
* Do you have a savings account?
* Do you have a job?

If yes, then...
* You could get a secured credit card in your name, even though you're a minor. You'll need to have an adult as your guarantor, although some places will waive this if you have a job.

Additionally, you might:
* See if you could have a major utility account put in your name. (Phone would be a good one; gas generally is the cheapest utility in my part of the world.)

Don't forget:
* If you're planning on continuing your education post-high-school, you need to be in save, save, save mode right now. Heck, even if you're just planning on going straight into the workforce, you should be in save, save, save mode right now. :oP

Good luck!

SClay
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Postby SClay » Sun Aug 18, 2013 5:06 pm

Wonderful input Midori!

If my original post/reply that I made hours ago would post, that would be great LOL. Anyways, It's a very intriguing setup. She does have some sort of custodial rights (Power of Attorney?) But nothing like Legal Guardianship or parental rights. I read that ultimately you can add anyone on the Amex authorized user account as long as you have their information. I do have both a Checking and Savings account. I used to have them linked, but for some reason about a month ago Wells Fargo decided to delete it as if it didn't exist. Completely ridiculous. I have a Barclays High interest savings account I use for most of my money. As far as a job goes, I do 'job' like work, but it's mainly volunteer work. I have enough money to cover the entire credit limit on the account if I were to rack up thousands in charges. Because of that, a secured card might be a great idea. However, I'm not sure where I would obtain one of those. And having a utility in my name is actually something I would love. I wanted to put my cell phone bill in my name, Considering it's reasonably pricey to upkeep a smartphone. Gas is something I was planning on using as a utility when I turn 16 and purchase my own car.

I do plan on continuing my education post-high-school. I was given a lump sum in January, which I plan on using for a lot of my college expenses and college year expenses. And considering the colleges I want to go to, Saving is an excellent Idea! ;-). Thanks so much for all the help.
Capital One Secured AU | $1851 | 10/2013
Capital One Journey | $1000 | 03/03/2016
American Express Delta Gold | Denied | 03/13/2016
Citi Bank Double Cash | $1000 | 03/13/2016
Chase Amazon Visa | Pending | 03/13/2016

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Terry
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Postby Terry » Sun Aug 18, 2013 6:54 pm

2) As a 'selling point' for convincing her to add me as an AU, Could she set a pre-defined limit on my card specifically? Or do they have some sort of controls The credit line is significant, so I wouldn't want her to think I would rack up a ton of charges and be an irresponsible teen. Obviously I would treat it like a debit card.

Thanks for your help/reading! :) [/QUOTE]


I contacted AMEX earlier this year about adding an authorized user with limits on my Blue Cash card, they said that limits can only be added to their charge card products such as the Green, Gold or Platinum Card.
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woogs
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Postby woogs » Sun Aug 18, 2013 9:23 pm

Terry wrote:I contacted AMEX earlier this year about adding an authorized user with limits on my Blue Cash card, they said that limits can only be added to their charge card products such as the Green, Gold or Platinum Card.


I have given limits to a bunch of AU's on my Hilton Surpass card (credit) just fine on the web site.
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MemberSince99
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Postby MemberSince99 » Mon Aug 19, 2013 6:28 am

Amex seriously is becoming like Cap One - you call and ask something that's off the script and one offshore rep tells you one thing while if you call back tomorrow and get another offshore rep they tell you the opposite.

I think Amex and Cap One should provide their CSRs with the ultimate tool of wisdom and knowledge - a Magic 8 ball. That way when the undertrained rep gets asked something that they can't find on the script, which is just about anything that any of us here would call about, then they can just turn to Magic 8 ball. Or maybe they already do? This is where being anonymous helps these dummies is they ask you for your full name as they record the conversation "for quality assurance purposes, the safety and security of our great nation, or whatever BS of the day they want to use" and they never give their last name and for all you know it's a fake first name (when I get the offshore team telling me their name is "George" I'm thinking yeah sure buddy, and when a guy gives me a girl's name then it's hard to keep from laughing). So they can tell you whatever they want, "lose" the connection, and they are free, when you call back you'll get someone different and you won't know who jerked your chain because despite all the safety and security and quality assurance purposes going on, they just can't seem find that recording when it's not in their interest to do so.

Yeah I know this might seem a bit harsh but you know there's more truth than not in it. So much for that "premiere" image they try to cultivate, I'm just SO impressed when I call and get some guy I can't understand who feeds me stuff he makes up, yep, that's "premiere" in my book.

thom02099
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Postby thom02099 » Tue Aug 20, 2013 9:52 am

Same here. I have both my kids on my AMEX Clear only, and was able to set them up with limits when I added them, a few years back.

And to the OP -- BRAVO for your maturity in taking an interest in responsible credit at such a young age. Be patient, young one! You're time will come! Time will be your ally eventually.
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