Money Matters
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question about DH on CC

The 2 credit cards that I have, I have ordered an extra card for my husband. I just had a question about if this affects his credit? I got a new card yesterday and realized it only asks for name and not ss number, so how could it affect his credit?

FYI- I am mostly asking because we are fairly young and are trying to build credit. All our credit is good, no late fees, all paid in full, we just havent had it for that long. I am just trying to decide if my husband should get his own card? He is in school and I work full time so everything is in my name currently.

Re: question about DH on CC

  • From what I have been told it helps your credit if you are also on someones account but it would help you MUCH more to have your own.I have 4 of my own CC and am a card holder from my aunt.

    My mom filed bankruptcy when I was 16 and she got a card under my aunts name to try and help her get her credit back up(also we were unable to afford heat and my aunt was helping with that). Now that it has been 5 years she finally has qualified for her own card and small personal loan and her credit is going up much more quickly now. 


    Anniversary
    Love: March 2010   Marriage: July 2013   Debt Free: October 2014   TTC: May 2015
  • Being an authorized user does put that account on your credit report, however I assume the primary card holder is the one legally responsible for payments, and therefore it's a much bigger factor in their credit. Your H should get his own card, use it every month, and pay it off every month. The age of credit cards is a factor in computing credit score so sooner is better, and don't cancel your oldest card!
  • Follow up question: When he applies for his own credit card, can he put my income as income? Or would he be better of trying for a student card. He has had a credit card before, he didnt have it for too long but it was always paid off.
  • I don't know. I'd start with his info only, and then your credit wouldn't be intertwined (I assume using your income means you cosigning). If he's denied on his own, then you cosigning would be my next plan. He could ask the credit company. They may have a better answer.
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