Add myself as auth. user to wife's card vs trying to get 2nd card right now?

[sunshinepa]

I was recently declined by Barclays Priceline visa for my 2nd card. So since a 2nd card is probably not a good idea right now, since I don't want a low limit card with an AF, do you all think it would be a good idea to have add myself to my wifes Cap one as an authorized user. Also to add her to mine as an authorized user. We each have the cap one with $2500 line and no AF. This way we would each show a $5000 available credit and a 2nd card reporting as well. WE have the accounts on auto pay each month and only charge one utility bill each on them. Would this raise our scores and improve our credit quicker? Would this be at all a good idea to do this? Would it help us get second cards by early next year? Any help is appreciated!!! Thanks!

Seems to me that if you are set on another card, this would be the way to go. It will accomplish what you want with the reporting.

[ssc2761]

I can understand and appreciate your advice, however I am trying to rebuild my credit so your response doesn't help here. Anyone else have any suggestions as far as my original post. I don't want the thread to get off topic. Thanks!!

You aren't going to like my response, and I don't really care, but why are you trying to get a credit card? Or get on someone else's credit card?
You have declared BANKRUPTCY. That means that you are BROKE.

NOW is the time to learn to live on a 'cash only' basis. That means, if you don't have the money for it, you don't buy it until you have saved the money for it, Understand?

[scorpion35]

You aren't going to like my response, and I don't really care, but why are you trying to get a credit card? Or get on someone else's credit card?
You have declared BANKRUPTCY. That means that you are BROKE.

NOW is the time to learn to live on a 'cash only' basis. That means, if you don't have the money for it, you don't buy it until you have saved the money for it, Understand?

i second that

[AngelinaCat]

You aren't going to like my response, and I don't really care, but why are you trying to get a credit card? Or get on someone else's credit card?
You have declared BANKRUPTCY. That means that you are BROKE.

NOW is the time to learn to live on a 'cash only' basis. That means, if you don't have the money for it, you don't buy it until you have saved the money for it, Understand?

[ssc2761]

So are you saying it would help my credit score and my rebuilding process, as long as I continue to utilize less than 10% of my lines, PIF, and etc... It would double my line, but my main reason would to do it would be obviously to rebuild, raise my score, and then get a decent 2nd card by early next year.
What does everyone think? Please any responses are greatly appreciated. Thanks again!!

I work at a credit card company and do it all the time for spouses wanting to help each other out, or parents for their kids. They say that being added as an auth user does not affect your credit scores as being a secondary user. I say hokum. I can tell you from personal experience when my ex defaulted on his C1 card and I was an auth user it hit me hard. I've also taken a lot of calls from parents who have had to remove their kids from the cards because they were maxed out and it was affecting the childrens' scores. I don't think it hurts one bit to be added to your wife's acct as long as you guys are properly managing things (keeping d2i low, PIF, etc etc).

[iswmle]

I work at a credit card company and do it all the time for spouses wanting to help each other out, or parents for their kids. They say that being added as an auth user does not affect your credit scores as being a secondary user. I say hokum. I can tell you from personal experience when my ex defaulted on his C1 card and I was an auth user it hit me hard. I've also taken a lot of calls from parents who have had to remove their kids from the cards because they were maxed out and it was affecting the childrens' scores. I don't think it hurts one bit to be added to your wife's acct as long as you guys are properly managing things (keeping d2i low, PIF, etc etc).

[ssc2761]

Anybody else have any input on this. I wanted to know the pro's and con's of adding each other as auth. users. I am wondering if it is better to do so, or to just rebuild each of our credit files separately. Thanks!!

[Logan]

Yes, I'm on my wifes cards which have very high limits and they all show on my credit report.

[ssc2761]

I was recently declined by Barclays Priceline visa for my 2nd card. So since a 2nd card is probably not a good idea right now, since I don't want a low limit card with an AF, do you all think it would be a good idea to have add myself to my wifes Cap one as an authorized user. Also to add her to mine as an authorized user. We each have the cap one with $2500 line and no AF. This way we would each show a $5000 available credit and a 2nd card reporting as well. WE have the accounts on auto pay each month and only charge one utility bill each on them. Would this raise our scores and improve our credit quicker? Would this be at all a good idea to do this? Would it help us get second cards by early next year? Any help is appreciated!!! Thanks!