How old do you have to be to be an authorized user?

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agp
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How old do you have to be to be an authorized user?

Postby agp » Mon Jul 15, 2013 5:22 pm

As we all know, being an authorized user on someone's credit card increases your AAoA. Although the weight is not the same as if the AU had his/her own CC for that long... But my question is - how young is too young for someone to be added as an authorized user?

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djrez4
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Postby djrez4 » Mon Jul 15, 2013 5:50 pm

I think Amex cuts you off at age 16. Not sure about other issuers.

I've heard of some parents using their kids as extra Social Security numbers for churning at much younger ages. I don't think that's cool.
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MemberSince99
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Postby MemberSince99 » Mon Jul 15, 2013 5:50 pm

For sure < 18 not sure if it's < 21 does anyone know?

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Postby jojo » Mon Jul 15, 2013 11:28 pm

Depends on the car issuer. Most issuers don't ask for the AU's birthdate or SSN. They just want you to acknowledge that you are fully responsible for ANYTHING the AU charges. If the issuer doesn't state an age requirement, it's implied that there is none. The only exception I've seen is Amex, where they require the AU to be at least 15, have a valid SSN, and not in default with another Amex.

My parents added me to some of their cards with I was 15. They didn't give them my SSN, but the issuers somehow matched my SSN to these accounts and started reporting them to my credit.

agp
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Postby agp » Tue Jul 16, 2013 5:32 am

Alright, thanks for all the responses. I'm going to avoid Amexes then for this AU thing. I guess it's never too early to start building up someone's credit!

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MemberSince99
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Postby MemberSince99 » Tue Jul 16, 2013 6:30 am

Amex is probably the best for AUs. You can set a limit on your AU account so they can't get into more trouble than you'd like. Or use your Discover which will probably have a low limit anyway.....

MB131174
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Postby MB131174 » Tue Jul 16, 2013 11:04 am

Yeah, when my nephew turns 15 I'm gonna add him to one of my AmEx cards and set his limit to like $200. That way he has SOMETHING available in case he absolutely needs it (example - hanging out with his buddies and has no cash yet they decide to stop and get a pizza or see a movie or whatever). The agreement will be, he spends it, he pays it, or the card gets frozen. Don't wanna see him make the same mistakes I made when I was younger. I'm thinking $200 should be a good enough "limit" for a 15 year old, plus it'll help his credit start out on the right foot for future needs.
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spike1856
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Postby spike1856 » Tue Jul 16, 2013 10:35 pm

MB131174 wrote:Yeah, when my nephew turns 15 I'm gonna add him to one of my AmEx cards and set his limit to like $200. That way he has SOMETHING available in case he absolutely needs it (example - hanging out with his buddies and has no cash yet they decide to stop and get a pizza or see a movie or whatever). The agreement will be, he spends it, he pays it, or the card gets frozen. Don't wanna see him make the same mistakes I made when I was younger. I'm thinking $200 should be a good enough "limit" for a 15 year old, plus it'll help his credit start out on the right foot for future needs.


And get him that sweet backdating when he gets his own AmEx in the future. Definitely the best card to make a kid an AU on. I think it's something any parent ought to consider doing for their kid(s), as long as those parents are handling the card the right way (paying it off monthly if it's a revolver, etc.) so that it won't result in any negative marks. You don't even have to actually give the kid a card. ;)



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