Viewing a single comment thread. View all comments

ScrewWorkn t1_j6p80k8 wrote

Have your parents add you as an authorized user to one of their cards. That is the fastest way to build up your credit.

3

RealPrinceJay OP t1_j6pc03t wrote

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

1

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.

2