What is the Best AUTHORIZED USER CARD for CREDIT BUILDING?
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- Опубликовано: 13 сен 2024
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Being an authorized used is a great way to build credit. In this video we look at how to judge the best authorized user card for credit building.
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My parents got a card and made me an authorized user when I was 15. We did this when I started driving so I could get gas and pay for other things that they were picking up the bill on when I wasn’t with them. I’m now 22, and words cannot even describe how grateful I am for this! I just rented my own apartment last year, and also just recently got my own credit card. Got the U.S. Bank Cash+ card and was given a $5,000 limit! If you’re someone who’s good with money, definitely add your kids as authorized users to a card, even if you’re not going to actually give them the card. It will help make life easier for them down the road.
I added my wife as auth user on all my no AF cards. She got her SSN in dec 2018 and in April 2019 her score is 758.
Great what was it before??
@@Cesarsnikes my guess is 0 because he says she just got ssn. She likely immigrated to usa.
I think you will help a lot of people with a credit course. I will definitely purchase your course, because not only myself but your subscribers believe in your trust... Great vid Shifu... :)
Soooo funny how I got a notification about this video because I was literally talking to my nieces about making them authorized users. You answered all my questions. Thank you.
Anthony Taylor 👀👀
You should make a separate youtube series for the UK market, as there isn't any content out there for us. Great stuff
I would love to, but I don't live in our great nation anymore, so it would be a little tough.
Edward Wright fuck the uk make your own
The Credit Shifu but i would like to have also a european credit profile. That i would pay for
Do you know if the UK / EU has a different credit score system or if the US one transfers over?
@@ryanmccallum9415 This is a bit of a late reply, but yeah. Entirely different. Basically if you've never had a credit card, you're at max score, and if you mess up a payment, you're at zero. In other words, you're trusted until you're not.
I've only been working on credit for about two years now. Four credit cards and an auto loan had me around 720 credit. I was fortunate enough to have a family member with an 812 credit score and a credit line over 20 years old. They added me as an authorized user and my score went to 781. Could not believe it. I highly recommend doing this if you have a similar family member who wants to help you out.
I put/ give my son 4 Authorized User credit cards (he doesn’t know LoL) and 5yrs later he has 750-760 score.
I like the class idea. I personally didn't know that adding a authorized user would help their score. I was trying to buy a home a few years ago and got denied because my wife's credit history wasn't long enough
This is brilliant. I'll be doing this with my little brother once he turns 15.
I added my kids at 13. When they turned 18, i presented them the card. I still have them frozen until they
NEED to use them and/or SHOW ME THE MONEY😉
I did to my sister and she is 13..
Amex told me last week that 13 years old is the absolute youngest if you request an AU online. So children in this community could have 5 years of 800+ FICO histories when they turn 18. Sweet! Keep cards locked up! 🤫
You might not be able to add until 13 but some of them will add entire credit history to the au so at 18 they could have 25 year history lol
I added my kids at 13. When they turned 18, i presented them the card. I still have them frozen until they NEED to use them and/or SHOW ME THE MONEY😉
@@christopherproctor9963 you add them as AU but froze their account?
Do the course.....PLEASE!!! Its worth it. I think it's a great idea!
Just subscribed after a few videos thanks for the info
Aloha Credit Shifu, have you considered teaming up with Brandon Weaver? He handles credit repair, and you handle credit/ credit card building. So if you get people with sub par credit you can send them to Brandon first, and vice versa. It would be a win-win for the two of you. Just a thought.
I think he should not contact Mr weaver.
Ben, a RFID passport wallet would be cool. Holds four cards, passport, and a couple bills. As far as a paid series, maybe $40 for credit repair course and two consolations across a six month period. Keep up the great work.
Ian Weller I don’t think Ben is the guy for debt advice. His content is towards those who aren’t in debt.
Hugo agreed, I was more advocating for Ben to advise people on rebuilding or for that matter building credit. After people have recovered from debt but still have poor or no credit.
I put my wife on my Amex Gold and her credit score shot up 51 points.. She has a few things we need to take care of and I think we could raise her up maybe another 75 points.. I'm looking for another card to put her on and then maybe get her a secured card and off we go!
Kevin Francis did they report credit history (years). I’m hearing they don’t and they do which is it? My boss made me authorized user on his amex platinum he had for over 15 years
You should make a patreon where your subscribers and fans can subscribe to you at the different tiers. And you could make one of the tiers a credit course every month or something. I personally would be willing to be a patreon of yours if there was good value in the different tiers. Would even throw you 5 a month now just for all the great content you put out now!
DONT GET THE CAPITAL ONE CARD. It doesnt graduate
The way you explained AU in the beginning will make people shy away from it.
Could you add me as an Authorized user Mr. Shifu? lol
Master to you!!
I am 13 and I am going to ask my parents if I can become an authorized credit card user.
Thanks!
Just subscribed! Thanks for the great video
Hard to push "knowledge" for profit these days when so much is free and all is subject to opinion. I think you're a cool guy, savvy and helpful. I would have gotten 1 of your wallets if I hadnt recently switched to a minimalist wallet already through the ole Amazon review grind. I'd get a shirt
1.) You should do the credit rebuilding course. I think many people would benefit from it.
2.) You should do t-shirts with the Shifu character on it. I still have my sticker from having purchased the Minimalist wallet. It's cool!
3.) You should at least create a small batch of luxury wallets to test the interest. I would particularly be interested in seeing the Minimalist design, or even all leather wallets have the RFID protection feature included.
I like the luxury wallet idea
Great vid, AGAIN! Credit course is a good idea, you’re a trusted source, but I wouldn’t get it/don’t need it. Agree teaming up with another provider might be wise and win/win. For wallets, how about one with magnetic $ clip. Mine rocks but it’s close to 20 yrs old and falling apart. Not sure what wallet could justify the $150 you mentioned, but willing to pay more than $18-28 for sure. Didn’t think about adding spouse to mine/her card benefit from avg age of card, brilliant! So obvious. Will seriously for my kids now too. Good reference to ‘knowledge’ at 8:33. Lol.
Thank you so much! This helped me a lot
I would like to see you post the differences on the 3 prices of joining your channel. What does a person really get for the money. Oh and BTW I like your vids.
If you made a course about where to start if you’re a college student/grad. Or if you’re brand new to credit cards (with no history). The information is out there yes, but it would be SUPER helpful to have it all organized in a course. I’d gladly pay 20-30$ for a course like that!! You can talk about some basics like 5/24 and stuff. And then a little more complicated things like how to maximize the value of my points towards travel. You might even split the courses in two? One for beginners one for advanced people who have cards but don’t know how to maximize points. Either way is more than happily pay for courses like these! As long as they’re under 100$ I’m happy. Just don’t put the Tai Lopez price tag on it and we’re good!! Love your stuff, you and Sebby have helped me get from a low credit score to the 700s!!
Chase and Amex are heavy with cash back, hotels and airline cards. There are too many amex and chase reviews already. How about some new flavors, perhaps some Barclays cruise on other random cards they offer?
I think you doing a credit shifu course could help for a lot of people. I don't know your business model, but thats part of creating useful knowledge and if you have the time/energy especially if you created something that could be passive on your end it could help. Also, writing a book about credit and charging a lower/affordable price for it could be useful for a lot of people instead of watching all your videos, it could be more concise and better organized than youtube. (not chronologically ordered, but rather ordered by subject matter). Just thoughts, good luck!
Nice! this video was very helpful. I think a credit building course will be amazing especially targeted to young people $20 to $60 bucks would be great.
Excellent topic! Please do more videos diving into this technique.
I'm not interested in courses or products. I would really like to see card information on other countries though
Hi Benjamin,
The paid credit building course what you are talking about is a good idea. Many people assume different things on credit cards and they mess it up. (I know a guy who said that his credit card approval is based on my credit score if he applies through my referral link.) Well, there are many people who don't know how a credit card works (including me before subscribing to your channel a year ago) and how to build a credit history. It's good to have a course like this as many people will try to get a mortgage in future.
The main target people will be students (myself) and new immigrants as they don't know much about it. The course price anything under $50 is good and affordable. It's a good idea to start a course. I am eagerly waiting for the course to be released.
My wife came in the 🇺🇸 in January this year and had no credit history whatsoever. At the time I had only Capital One QuicksilverOne card to which I made her authorized user then I got CSP made her an authorized user on that card too so that we could get the bonus 5k points. After all that, she setup her Credit Karma account and her scores for both TU and Equifax are 724. Being an authorized user will definitely jack up your credit if the accounts are in good standing 😉
Great info, more ppl need to know!
Your the best credit card channel!
yes tee shirts..the course also..and luxury products
i would like a wallet case for phones. (there arent very many affordable ones)
I like your little credit shifu character. That character should be on the inside of the wallet when you open it and maybe have initials CS (for credit shifu) on the outside of the wallet. Also maybe a RFID blocking credit card case that can hold some money and credit cards (holds up to 5 cards and money for various sizes- Australia, US, Japan, UK,Euro. The case should be large enough to hold the money when folded in half)
there are people does sell tradelines packages.
I have an authorized amex and it gives me 14 years of age of history and ive had it for 3 months
Ooh, normally it shouldn’t do that, maybe Amex has changed the policy
The Credit Shifu I think they might have changed policy. I added my 22 yo daughter to my Amex which was open back in 2002 , her score went up 14 points on the spot!
Andree Velasco is it an Amex Gold or Platinum? I’m getting a AU Card from them too I just wanted to know.
Amex does not report histpry
When my friend add me to his card I gain 2 points, and lost 20 points when he take me off the card as outorized user.
I would be interested to see more informational videos like the one you made on Amex company.
Also, another topic would be like real life case where paying with credit card made a huge difference than paying with cash. Like trip cancellation and stuff
Wallets? 🤤
I just watched this video and have also seen videos recently targeting people with good credit and companies will people me money to add an authorized user to my cards for 2-3 months. This helps strangers build credit, they never get a card or access to my account, and I get paid $50 - $300 when I do this. Any thoughts on doing that?
How about a passport wallet?
Yeah that is also an idea that may be popular
Great video! Would you say an excellent 5 yr history Nordstrom store card would be a good card to use as an authorized user?
I think there is great opportunity for you with paid consultations for credit building through card choice optimization. Similar to the Sebby system but specifically for building credit - instead of necessarily optimizing cash back you would be optimizing for issuers that provide high limits / good capacity to people with limited credit they are trying to improve (and over what period of time). Also accounting for likelihood of approval and inquiry optimization - even if the endgame is cashback optimization, they still need the capacity to get approved for higher-end cards. Most credit unions can approve people with lower paper grades but they are almost always more conservative about their limits than Chase/Amex. You are right about there being lots of info about credit score improving online, but choosing the right card for your position and goals is very valuable.
Great video!
More videos on authorized users!!
You could take private phone calls for Credit Questions an help an thank of a certain amount of time for a certain amount of money
A credit course would be highly appreciated!
Mackenzie Wright was thinking about starting one
Ok mr. shifu, I have a question. So I just got added on my wife’s credit card and I’m wondering if this would effect the 5/24 rule.
I’m in the UK, I just impersonated my dad through telephone banking and have requested to become an authorised user LOOOOL. My Experian credit rating is 664 and is ‘poor’. I’m 18
A rating of 664 is not "poor, " its "fair"
Update?
yes to all the above products
YES!!!!!! Do the credit builder course..
Can you do a video on Self Lender or programs like self lender. I pay $48 a month but on my credit report they report the full $545 amount that I will be paying. I think it’s great for people that don’t have the full money for a secured credit card but still want the benefits of credit building. What are your thoughts?
the amount is short so it doesn't build length of credit but definitely helps establish credit!
Would the credit master be able to do a video on the pearls and pitfalls of credit cards, for the short and long term?
I might be interested in a luxury wallet, in the $150 price range. I can't seem to find "my perfect" thin quality bi-fold that's geared towards credit cards. I do have very specific taste (don't like any plastic, zippers, velcro, buttons, windows), so I can't promise that I'll buy one should you release them, but hope I would.
Credit Warriors!..........nice!
Can I apply for a chase freedom card right away after I got authorized by my parent. I’m under 18 years old
How about a series of helping subscribers book trips with points they have. Maybe even a match up against Ask Sebby to see who can maximize points the best.. That will help others learn how to book travel since their is so much information out there that it gets confusing.
I would definitely be interested in the class and the luxury wallet!
Course seems like a good idea. What would it offer not already in your videos? Maybe have a Patreon version??
my suggestion: do a course for beginners (9.99) and another course for more advanced people that is more in depth (19.99). or, let's partner together on a credit course. I'm in school for biz
Yes I would like to learn how to rebuild critic
I will take your course !!!!
Good idea about the course and start maybe a Facebook group...
I’d be interested in a lux wallet like Carl Friedrik. Also, I’ve been looking for the right passport wallet for several weeks now. I didn’t Bellroy’s leather. I like the design of the dash wallet and I’m waiting for it to ship.
Lmao😂🤣😂🤣😂You should come out with the Credit Shifu underwear. 😂🤣😂Give Calvin Klein a run for his money. 😂🤣😂🤣😂
You should talk about card readers, I use "Square Up" are there better ones, best way to use them, extra.
Black Shifu hoody’s and shirts XXX please! Have a little shifu in the front and a some link to you on the back.
It seems that as of right now, based on my Transunion credit report, Chase is reporting an account I am an AU on.
My girlfriend was added as a authorize user for my discover it and csp card and chase and amex denied her for her own cards in I have my cards for 3 plus years with no miss payments and under 15 percent credit usages
Hi Shifu:
I’m fairly new to the credit world, but I’ve gathered a good enough understanding to know how beneficial it can be to have a responsible credit users help jumpstart the (my) creditworthiness that is reflected and used for a variety of reasons. Presently, I have a CapOne Platinum and Quicksilver One with a total CL of about 4k.
My Aunt, who has the CapOne Quicksilver (10k CL), successfully added me as an authorized user. I’m just wondering if this will have an immediate impact on my report/score and when can I expect to see any changes?
She doesn’t use the card so it’ll just be a revolving CL that’s reported each month.
side note: can’t wait to get the wallet 😄
I'd like to see a Credit Shifu book!
So my nephew is an authorized user to one of my accounts. My question is that since he got a pretty good boost to his credit score, he got his own credit card now. My question is if his utilization rate is based off my card and his card combined now? or is it just his now ? and if one card is over utilized (his, $500 limit) while the other not (mine, 19k limit), could that affect his score?
Yes Ben? we want the course and the luxury wallet.
Not first
Does Amex report in 2021 for AU?
If I am to adopt my family members "great" credit score, will I have to be added to each and every credit card on her file or will just being added to one suffice?
Credit Shifu, what if you make a cup or mug with the different fico score levels or tiers with the vivid color ideas and maybe on the side you can have a transparent opening so you could see how much drink you have left and if your cup or mug is full your meter amount shows on the green meaning excellent credit and as you drink it goes down to red like decreasing your credit score. I think it would be pretty cool as well with your logo. Fellow viewers please like this comment so credit shifu can consider this idea.
About how long does it take to affect the person becoming an authorized user's to boost credit?
I've been rebuilding my credit a little over a year now and my score is slowly going up. I'm trying to get a Chase Freedom Card and I wanted to know. If my girlfriend puts me as an authorized user on her freedom card, does that increase my chances of approval if I apply for that card separately?
you are using a chase AU? is that a good one lol
I have a question. So I never had a credit card before. I am 22 years old still living with my parents. My mom just added me as an authorized user for her Costco citi bank credit card. Does any know if they report it fully to the credit bureau or only partly. I am trying to build a credit score. Right now I don’t have a credit score but have been using a debit card for years.
Would likely buy a credit building focused course
I am an authorized user under my parents' credit card for over 8 years now.
Since I recently got a job, I would like to get my own credit card and not be an authorized user anymore. Is it possible to separate from my parents' authorized user without closing my account? I don't want the credit card account that I use to be close because of my 'Age of credit history' My parent's said if they close my account I'll have to build the 'Age of credit history' again.
I know my credit score will not be affected.
so does discover reports the full history of the primary card ?
So if I add my wife to my Discover card would she get the credit history from it on to her credit report? Shes never had a credit card. Would this boost her 580 credit score ?
If you already have an account open with a credit card company can you become an authorized user on it?
Question, can you just add the authorized user (for instance a baby) when their 18 and it show all the previous history. Is there an advantage to adding a child earlier?
Erica Scott I've heard of people who are authorized users and have cards on their credit reports that are older than the authorized user. So my guess they answer to your question is yes.
Steven Miller whats the advantage? If i add my child (who is 3) when shes 18...wont she still get ALL my credit history
Amex you have to be 13
Zach Hamilton You usually don't want AMEX anyway since it just shows your history since they added you. That's not a company that helps you by adding you as an authorized user.
Erica Scott The advantages are 1. Building credit history for child (age of accounts), 2. Building on-time payment history for child (on time payments), 3. You can teach and monitor your child about the credit markets. Alot of kids wants cards, don't know how to use them, then end up messing their first card. It's a great way to start the child on the right foot, and get it right the First time!
I am 29 and my mother started her mortgage perfect payments 22 years ago. Will it work if my mother makes me an authorized user for her mortgage even if it was started when I was 7 years old??
I would buy the credit repair course.
Also sell coaching. Sounds good - Credit Shifu it up! (See what sticks)
Need more info on Amex authorized user.
Amex blue cash and citi costco cards because only they allow to set spending limit, else authorized user will spend upto credit limit, ruining you.
Shawn Lee - or just add them and never give them the card.
Little Lamborghini
Does visa report to all three and history as well