- Centurion Member
- Posts: 3929
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
I agree - he should get a secured card in his own name, rather than being an AU on one of your cards. This is in the best interests of his credit, his financial independence, your relationship, and your credit in case things go bad.
Keep in mind that if you have a bad breakup or if he thinks he really needs to buy something, he can always call and get a replacement card.
It's one thing for a child to 'piggyback' off a parent when starting out if the child is responsible and the parent can easily pay off the debt if things turn into a mess. If you were absolutely rolling in money and he was new with no good or bad history, I'd say adding him would be a reasonable option (in addition to having him simultaneously get his own secured card).
I'm really uneasy about you two sharing liability for anything, though, when he already has bad marks on his credit history from his student loans. A thin history with bad marks is a bad history.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May