I have a Chase auto loan, but I don’t think I’ll be getting a Chase credit card any time soon. I applied for a Chase card back in February and I was declined because of my previous history with them. I had an Amazon.com Chase card when I was in my young twenties and I ended up having to settle the credit card and pay less than what was actually owed on the card. Now that I’m older, more mature, make multiple payments to my credit cards each month, I would like to be able to get a Chase credit card again.
I was researching on how I could get a Chase credit card. I looked to see if they offered a secured credit card like Capital One does, but they don’t. I then thought, what if I add myself on as an authorized user to my partner’s Chase card? He has the Amazon.com Chase card as well. Adding on an authorized user will allow me to make purchases on his credit card and I’ll get my own card in the mail with my name on it, but I’m not responsible for making payments to the credit card. Obviously you only want to add on a trusted authorized user. I would never add on a friend. Since we live together and share the same address, my research shows that Chase will report the card to the credit bureaus. This is excellent news! Why? When I go to apply for my own Chase card in a year or two, it will show I have some sort of positive history with Chase after my charge off. Now it’s not a guarantee I’ll get a credit card with them, but when I call the reconsideration line (which I’ll most likely have to do) the customer service represent might overturn the denial! Having an auto loan with Chase will probably help as well.
When you add an authorized user on to your Chase card, they will not ask for the authorized user’s social security number. This confused me, because how do they report the card to the credit bureaus then? As mentioned above, if you share an address then they can match your name up and link the card to your credit history that way. If you live at a completely different address than the main card holder, then most likely this is not going to work.
So if you’ve burned your bridges with a credit card company in the past that you’ve since paid off and settled, you might want to see if your significant other will get a credit card with that bank and add you on as an authorized user.
I’ll be sure to update my blog if and when the card does report to my credit history!