Credit score affect by adding and removing AU

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pswinontario
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Credit score affect by adding and removing AU

Postby pswinontario » Sun May 03, 2015 8:17 am

In what % does credit score affect on Authorized user a/c by adding them and removing them?

If we switch credit card , does that affect credit score?


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Vattené
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Re: Credit score affect by adding and removing AU

Postby Vattené » Sun May 03, 2015 3:05 pm

It just depends on the individual's credit. Because there are so many factors that go into a score, it's not as simple as "how much will taking this action benefit one." There are a number of different scoring models: a given credit profile will benefit more from becoming an AU when model X is used over model Y. There are also three bureaus collecting information, which means three different sources of data for any given credit model. Using one credit scoring model, the number may be different when using TransUnion than when using Equifax. The biggest thing still comes down to the credit file of the person in question. Someone with a very long, clean credit history is not going to be helped as much as someone with a short, spotty history.

That said, generally the impact of a person being added as an AU is pretty minimal. It won't hurt you, but it also shouldn't be relied on as a way to improve credit.

I am sorry, but I don't understand what you are asking in your second question.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

pswinontario
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Re: Credit score affect by adding and removing AU

Postby pswinontario » Sun May 03, 2015 4:58 pm

Thanx for all info.

I mean If I switch from BOA cash reward to BOA travel reward, does that affect credit score?

Vermonster
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Re: Credit score affect by adding and removing AU

Postby Vermonster » Sun May 03, 2015 9:43 pm

pswinontario wrote: switch from BOA cash reward to BOA travel reward, does that affect credit score?


As long as it is a PC then nothing will change. Unless there is a HP for some reason.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

pswinontario
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Re: Credit score affect by adding and removing AU

Postby pswinontario » Mon May 04, 2015 7:40 am

whats PC and HP?

takeshi
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Re: Credit score affect by adding and removing AU

Postby takeshi » Mon May 04, 2015 8:28 am

Product Change

Hard Pull

pswinontario wrote:In what % does credit score affect on Authorized user a/c by adding them and removing them?

There's no fixed %. First off, whether being an AU has any impact depends on whether or not the scoring model and/or creditor consider the account.

Second, impact on score isn't a fixed amount. It all depends on the condition of the account. If the account is considered all the usual factors apply:
http://www.myfico.com/crediteducation/w ... score.aspx

Third, it's not just the account itself that matters but one's credit and the impact of the account.



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