Authorized user vs joint account holder vs secured credit card?

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Authorized user vs joint account holder vs secured credit card?

Postby eagle2020 » Tue May 22, 2012 11:24 pm


I am trying to help my parents who moved to the US recently establish credit history. They have failed to get credit cards from department stores due to no credit history.

I have got them as authorized users on my AMEX blue card, Chase freedom, and Capital one venture (I have very good credit scores).

I called the above 3 cards and asked if my parents would be reported to the credit bureaus individually and AMEX and capital one responded positively and not Chase.

Chase told me I should have my parents as joint account holders in order to be reported to the credit bureaus.

My question is what is the best route to establish credit history (to eventually get a credit card on his/her own) for one who has no credit history? is it by being an authorized user, or joint account holder or getting them secured credit cards?

Thank you very much!!

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Postby Maximilian » Wed May 23, 2012 8:57 am

Provided that they have SSN, I'd say secured credit cards, as well as adding them as an authorized user would be very beneficial. I started with 3 secured cards and I managed to establish a decent credit score/report within 6 months. After that I applied for a number of unsecured cards and they all got approved, including Amex Platinum.

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Postby DavidNY » Wed May 23, 2012 11:03 am

In my experience, Chase reports an authorized user to the bureaus.

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