Authorized User on a parent's credit card account

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jchristo
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Authorized User on a parent's credit card account

Postby jchristo » Sat Feb 26, 2011 11:51 pm

If I were added on my parent's account which was opened 10 years ago, as an authorized user, would it show on my credit report that I have had 10 years worth of credit history? I ask because I am currently an authorized user on an account of theirs which gave me a credit history of over six years, even though I only have had the card for about 4 years. I wish to be taken off this account because of a high balance, and put on another an older account with a 0 balance. Would this work the way I'm hoping it will?


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Mogul of Pineapples
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Postby Mogul of Pineapples » Fri Mar 04, 2011 9:35 pm

I have heard both yes and no making it hard to say for sure. If you said it worked for another account where you get 6 years of history while having it 4 years, then maybe you will luck out again.

What credit card issuers are you talking about?
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jchristo
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Postby jchristo » Sat Mar 05, 2011 1:12 pm

I was on a chase credit card which gave me that 6 years I mentioned, but I was taken off of it because they had a high balance on the account, making my credit report show that I had used 93% of my available credit. So I recently was put on my mom's American Express Green card, which she has had for almost thirty years. I was hoping that this would give me her account history on my credit report. However I do not think that it will because my card number is different than her's and on the front of my card it says I've been a member since 2011. I'll know for sure when I get my next credit report.

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Postby debitcard guru » Sat Mar 05, 2011 6:45 pm

jchristo wrote:I was on a chase credit card which gave me that 6 years I mentioned, but I was taken off of it because they had a high balance on the account, making my credit report show that I had used 93% of my available credit. So I recently was put on my mom's American Express Green card, which she has had for almost thirty years. I was hoping that this would give me her account history on my credit report. However I do not think that it will because my card number is different than her's and on the front of my card it says I've been a member since 2011. I'll know for sure when I get my next credit report.


Just for info. Since, you are an authorized user on American Express in the U.S. You are considered responsible for any charges you make. I don't know how this is reported on credit bureaus.

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Postby Squid7085 » Mon Mar 07, 2011 11:02 pm

When you are added as an authorized user, you are given another card, and number, and as a result create a new piece of credit. Despite the original card being opened for a time, the new card doesn't take on that, as you didn't have the responsibility prior. I have been an authorized user on two of my moms cards, she likes me carrying around one for her, and every time the addition of that card was effectively like me opening my own card. I can't imagine it would be any different with other cards.

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Postby debitcard guru » Tue Mar 08, 2011 7:47 am

Squid7085 wrote:When you are added as an authorized user, you are given another card, and number, and as a result create a new piece of credit. Despite the original card being opened for a time, the new card doesn't take on that, as you didn't have the responsibility prior. I have been an authorized user on two of my moms cards, she likes me carrying around one for her, and every time the addition of that card was effectively like me opening my own card. I can't imagine it would be any different with other cards.


I am referring to the U.S. only, I don't know about other countries. Normally authorized users are not responsible for debts made with card, including what the authorized users purchases. Wife/husband may be responsible if you live in a community property state.

According to what I read on another forum. American Express treats the authorized users similar to a joint user. You have to sign the application or a form.

For example
Card holder charges $200
Authorized User charges $100

If the Card holder didn't pay the bill American Express would come after both the Card holder & the authorized user. American Express would only bill the authorized user $100 plus any fees.

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Postby Squid7085 » Sat Mar 12, 2011 9:21 pm

I actually did read in to a few things, the second card I got with my mom I wasn't actually an "Authorized User" I was an "Authorized Signer." Apparently there is a difference. As an Authorized user on this particular card, I would have been liable to the debts, as an Authorized Signer, I was not liable. However, both would get me my own card with my name on it. As far as I can tell they don't report to my credit as an Authorized Signer.

P.S. I am in the US too, ;)

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Postby debitcard guru » Sun Mar 13, 2011 11:06 am

Squid7085 wrote:I actually did read in to a few things, the second card I got with my mom I wasn't actually an "Authorized User" I was an "Authorized Signer." Apparently there is a difference. As an Authorized user on this particular card, I would have been liable to the debts, as an Authorized Signer, I was not liable. However, both would get me my own card with my name on it. As far as I can tell they don't report to my credit as an Authorized Signer.

P.S. I am in the US too, ;)


It is nice to know that America Express also has an authorized signer.



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