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RealPrinceJay OP t1_j6pc03t wrote

Reply to comment by ScrewWorkn in Getting First Credit Card - No credit, but supportive and wealthier family by RealPrinceJay

What are the risks associated with becoming an authorized user on my father's AmEx Platinum for example?

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ahj3939 t1_j6pf62z wrote

Amex reports as new account. Also Amex Platinum does not have a credit limit therefore most scores will ignore it and since you don't have any other credit card they won't calculate "credit utilization" which makes up 35% of your scores.

Have them add you to non-Amex card. And if they use Amex for everything and have some old Sears card from 1998 that's siting with $0 balance it's a perfect account to add you to.

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