Joint Accounts and Authorized Users (Piggy Backing)

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Replied by Meya on topic Re: Joint Accounts and Authorized Users (Piggy Backing)

Good Luck, keep us post-dated with your AU scenario!:embarrassed:
9 years 4 months ago #16

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Replied by belle on topic Re: Joint Accounts and Authorized Users (Piggy Backing)

The difference between these two are



So an AU's credit line is not part of the primary card holder's credit line?
9 years 4 months ago #17

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Replied by atthelake1 on topic Re: Will piggy backing on someone's good credit help me?

I think I will do both, sort of. Add my name as an authorized user on the CITI account with the high CL, and then add as Joint on a smaller gas card, with say a $2000 CL. Hopefully within the next 48 hours both will be accomplished. I am a member of scorewatch so the slightest move and it will email me and I will get back to you all. Thanks for the advice so far.
9 years 5 months ago #18

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Replied by ColoNative on topic Re: Will piggy backing on someone's good credit help me?

well I was not so much talking about being an authorized user, I was talking about being added as a Joint Account holder. I have contacted CITI and all they need is my social # to be added to a primary's account, same thing for Macy's.

my scores are def not high, but not the lowest either. Right now EQ has me at 605. Just paid off 3 cards. Only one has a balance. So we'll see what next months FICO score is before I become Joint on an account and will let everyone know how that works.


Oh, I thought you meant being added as an authorized user. Being added jointly-that could effect the account if someone with bad credit is added. The way the banks are acting they could potentially reduce the credit line or close the account. They could also decline the request to be added as a responsible party to the account if your scores are too low. I would ask to be added as an authorizer user first to see how that changes your score.

Good luck and let us know.
9 years 5 months ago #19

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Replied by atthelake1 on topic Re: Will piggy backing on someone's good credit help me?

well I was not so much talking about being an authorized user, I was talking about being added as a Joint Account holder. I have contacted CITI and all they need is my social # to be added to a primary's account, same thing for Macy's.

my scores are def not high, but not the lowest either. Right now EQ has me at 605. Just paid off 3 cards. Only one has a balance. So we'll see what next months FICO score is before I become Joint on an account and will let everyone know how that works.
9 years 5 months ago #20

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Replied by ColoNative on topic Re: Will piggy backing on someone's good credit help me?

When I turned 18, almost 13 years ago my mom added me to her Discover Private Issue card. It had a CL $8500. About 6 months later I get a pre-approval from PNC VISA w/ a $6000 limit. The rest would be history. I opened my own Discover Card, Sears, Bloomingdales, etc. Then, 7 years later I lost my job and all my accounts went delinquent.

In the last year I have started rebuilding my credit and getting all of my old debt removed from my credit report. However, I cannot get anything more than a $300 CL from HSBC, $3000 CL from CAP 1.

My question is, do you think if I piggy back yet again will it not only dramatically help my credit (the card in particular is from CITI w/ 25K CL) but will it hurt the other person's credit with whom will add me to their account as a joint cardholder?


Supposedly FICO changed how they view authorized user's (piggybacking) in determining FICO scores in 2008. Meaning, by being added as an authorized user on an established, high limit trade line would no longer be an easy way to build credit. I don't completely buy that though and I see people doing it all the time (there are even websites where people with great credit will sell a spot on their accounts for an authorized user for a price). Some bureaus will not report an authorized user unless they have been provided the SSN (AMEX will not add an authorized user without the auth users SSN).

Having an authorized user with bad scores will not effect the primary cardholder's credit. They are responsible for the account and any charges made to it.
9 years 5 months ago #21

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Replied by atthelake1 on topic Will piggy backing on someone's good credit help me?

When I turned 18, almost 13 years ago my mom added me to her Discover Private Issue card. It had a CL $8500. About 6 months later I get a pre-approval from PNC VISA w/ a $6000 limit. The rest would be history. I opened my own Discover Card, Sears, Bloomingdales, etc. Then, 7 years later I lost my job and all my accounts went delinquent.

In the last year I have started rebuilding my credit and getting all of my old debt removed from my credit report. However, I cannot get anything more than a $300 CL from HSBC, $3000 CL from CAP 1.

My question is, do you think if I piggy back yet again will it not only dramatically help my credit (the card in particular is from CITI w/ 25K CL) but will it hurt the other person's credit with whom will add me to their account as a joint cardholder?
9 years 5 months ago #22

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Replied by Meya on topic Re: Joint Accounts and Authorized Users

Now, let's start over.:relieved:
10 years 9 months ago #23

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Replied by jeepy1983 on topic Re: Authorized User

You should have just kept the card with the 10k limit ur bro was approved for and been added as an AU on that one. It would have served the same purpose but you would have a heck of a higher limit and most likely a lower APR.
10 years 9 months ago #24

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Replied by hjm331 on topic Re: Authorized User

Realistically, I don't think anybody would pass up an approval for a card with a $10k limit.
10 years 9 months ago #25

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Replied by Izach30 on topic Authorized User

Question????

I recently applied for the 4 major bank secured cards. BOA, Citi, Wells and Us Bank, becuase of my low Fico scores (LOW 500's). I was quite sure that I was going to be approved since all 4 banks cashed my deposit funds ($1000.00). To no avail BOA sends me an email 2 minutes later stating I was DENIED. I was determined to carry a BOA card, I had my brother apply for the secured card, of course he was apporved for some other crazy card with a $10,000 CL, (812Fico) but I had him decline the offer and I told him to simply go with the secured card with my $1000 deposit, then add me on as and authorized user. I called BOA to verify that authorized users can be added on to the secured card and that there reported to all 3 breaus, the rep was so adomint to the fact that they do report but it does not buid credit historty(SHE WAS SO ADOMINT SHE WAS ALMOST RUDE).....HOW IS THIS POSSIBLE, how can a major bank report to all the 3 credit breaus but it not buiilding history??? does fico not see authorized users....my sister did this with my nephews when they turned 18 she added both of them to all her cards as auth users, there credit score was over 700 within in months??? It hs been a family practice for years, many have done ithis in tha past and it has worked to help buld credit......any advise anyone??? or was she just not telling me the truth
10 years 9 months ago #26

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Replied by hjm331 on topic When you are added as

When you are added as a joint account do they do a credit check. Because BOA would not give me a card on my own. This was about 6 months ago. If they are not going to add me I wont have her do it. Lord knows I dont need anymore inquiries.


If you're liable for the debt on the account, then they will do a credit check and pull a hardy inquiry because they would like to know if they can come to you if the other join account holder doesn't pay the debt like they're supposed. Basically, it's something like a co-sign.
11 years 5 months ago #27

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Replied by Meya on topic Yes they do a hard

Yes they do a hard pull, both credit are liable and if you are in a not too good sitaution, then they will not add you.
11 years 5 months ago #28

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Replied by Crazy2k5 on topic When you are added as

When you are added as a joint account do they do a credit check. Because BOA would not give me a card on my own. This was about 6 months ago. If they are not going to add me I wont have her do it. Lord knows I dont need anymore inquiries.
11 years 5 months ago #29

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Replied by hjm331 on topic oink your own? lmao Wait 'til

oink your own? lmao

Wait 'til Eric reads this one! :cheesing:
11 years 5 months ago #30

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