Or, Lightning Strikes Twice!
I shared how my brother’s credit score jumped 100+ points in a month after I added him to one of my credit cards. He had literally nothing on his credit report.
Last month, I added an authorized user to a 5-year old (no annual fee!) credit card with a $13,000 credit limit. The statement closed on July 3rd. And on July 11th (a week later), we pulled his credit report.
After adding my brother, and now with this new experience, I’m convinced how beneficial it can be to add authorized users to old cards with a high limit. And why it’s so important to have a couple of cards with NO annual fees in your wallet.