Will adding AU on Amex Platinum help build credit?
Jul 20, 2019, 12:29 pm
#1
Original Poster
Join Date: Sep 2015
Location: BOS
Programs: Hyatt Glob/UA Gold
Posts: 616
Will adding AU on Amex Platinum help build credit?
I'm helping a younger member of my family build a credit history by adding them as an authorized user to my Amex Platinum (free Gold card). I'll hold on to the card.
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
Jul 20, 2019, 3:07 pm
#2
Join Date: Aug 2010
Programs: AA,CX, BA, Priority Club, SPG, Hilton
Posts: 1,397
I'm helping a younger member of my family build a credit history by adding them as an authorized user to my Amex Platinum (free Gold card). I'll hold on to the card.
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
Jul 20, 2019, 6:24 pm
#3
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
I'm helping a younger member of my family build a credit history by adding them as an authorized user to my Amex Platinum (free Gold card). I'll hold on to the card.
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
I've researched this a bit, and it doesn't seem like this will actually help their credit that much because it is a charge card and no credit limit is reported to the bureaus so she won't get the benefit of my low utilization (nor do I, I guess). Does anyone know for sure? I can add them to a Visa/MC but I have a 5k MR/AU promo available currently so I'd like the points.
Thanks
Jul 21, 2019, 9:21 am
#5
Join Date: Aug 2000
Location: Newton Centre, MA, USA
Programs: DL 2MM Gold, AA Plat Pro; Hilton Lifetime Diamond, Bonvoy Lifetime Titanium (via SPG), IHG Plat
Posts: 2,192
Jul 26, 2019, 2:57 am
#6
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
More on AU accounts helping to "build credit" of the AUs:
https://www.forbes.com/sites/nickcle...thorized-user/