Amex Platinum AU... Would it help me?

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Mitch
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Amex Platinum AU... Would it help me?

Postby Mitch » Sun Dec 28, 2014 2:15 am

So.. my father has been an Amex Holder since, well... before I was born. He started off with a Gold Card, and than moved up to Platinum.. I think in 2002. Believe it or not, but, I think it was 2008, might have been 2007, but he actually did receive a offer for the "Centurion" Card.. however, my father was completely uninterested in it. (I know, a lot of you probably wonder "why why why" but... he doesn't travel. he doesn't vacation. the closest thing he does to anything, retreat wise, is attend yearly two day seminars..)

(Quite Frankly, I prefer the color of Silver more myself.. although, if I had my choice, I'd probably take Green or Blue..)

But, all of that is completely besides the point.

Anyhow.. I was told, if I wanted to be an authorized user on his account, he'd add me. I'm just wondering though, would it actually help, my credit score.. and more importantly, would it help me establish a good foot in the door with Amex?

I've seen first hand, how great the customer service at american express is... and I'd love to be a card member. However... I don't want to take on this card, if it's not going to really do anything to improve my credit score (for one).. and if it won't simply, make me eligible for my own card in the future.

I mean... if it won't do anything for me, I'd just be better off establishing my own credit, my own way, and eventually applying for my own Green Card, and slowly climbing the latter.

So, I gotta ask. Would being an authorized user help me in any way whatsoever? At the very least, could I use it as a way to post date myself, when I eventually got my own account?

I really want one of there cards. I don't wanna say the word "desperate" but, it's a fantasy. I wanna be apart of the club :p
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popamode72
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Postby popamode72 » Sun Dec 28, 2014 10:01 am

Doesn't hurt to try but I think if you're trying to get a MSD to 2002 or something like that, that doesn't really work anymore unfortunately. You've only had credit for two months according to your signature. Just be patient and wait until six months or more and then try Amex through one of their charge cards.
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Battery111
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Postby Battery111 » Sun Dec 28, 2014 10:58 am

I was under the impression becoming an AU still works for MSD purposes. When did this change?
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takeshi
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Postby takeshi » Mon Dec 29, 2014 8:33 am

Mitch wrote:Anyhow.. I was told, if I wanted to be an authorized user on his account, he'd add me. I'm just wondering though, would it actually help, my credit score.. and more importantly, would it help me establish a good foot in the door with Amex?

You'll establish your MSD as an AU but whether or not it helps your score depends on the scoring model. Most current models don't factor in account where one is an AU.

Mitch wrote:I've seen first hand, how great the customer service at american express is... and I'd love to be a card member. However... I don't want to take on this card, if it's not going to really do anything to improve my credit score (for one).. and if it won't simply, make me eligible for my own card in the future.

Keep in mind that AmEx's CS varies by product. It won't help for the reasons you're stating but I'd suggest that you not overlook establishing your own MSD to leverage in future.

Battery111 wrote:I was under the impression becoming an AU still works for MSD purposes. When did this change?


It didn't. The reply above is stating that the AU does not inherit the original cardmember's MSD.

Mitch wrote:I wanna be apart of the club

There's no club. AmEx is just another creditor.



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