Yes. American Express reports authorized users to credit bureaus. American Express authorized users who are at least 18 years old are reported to the 3 main credit bureaus each month, starting as soon as they are added to an Amex account. Authorized users on an American Express account can be as young as 13 years old, though additional cardholders will only be reported to the bureaus once they turn 18.
As long as the account remains in good standing, the authorized user’s credit score will gradually increase. If the primary account holder becomes delinquent, American Express will stop reporting credit information for the additional cardholder. This policy helps prevent authorized users from receiving undue negative information on their credit reports.
As a result, if you can’t get approved for credit or don’t yet want your own credit card, being added as an authorized user to someone else’s American Express account can be a great way to start building your credit score.
Your credit score may either improve or drop slightly when you are removed as an authorized user on a credit card. That is because the account history for the credit card will automatically drop off your credit reports upon removal. As a result, your score could see slight modifications when you are removed as an authorized user, depending on how the credit card account was managed.… read full answer
If the primary account holder paid the credit card bills late or used a lot of the card's available credit, being removed as an authorized user could actually help your credit score, for example. Either way, you can always add points to your score over time by using your own credit accounts responsibly. For more tips on how to improve your credit score, you can visit our guide on the subject.
American Express can help your credit score if you are the primary accountholder or an authorized user aged 18 or older on an American Express credit card or charge card account. For Amex to help your credit score, the account must be kept in good standing with on-time monthly bill payments. Every month an open Amex account is used responsibly, positive information will be reported to the credit bureaus.… read full answer
On the other hand, using an Amex card irresponsibly will often be bad––or at the very least, unhelpful––for the primary cardholder’s credit score. Mistakes such as missed payments should have no effect on an authorized user’s credit score, though, because Amex will stop reporting on the additional cardholder once an account becomes delinquent.
While account status and eligibility determine whether an Amex card will help your credit, other factors influence how much your credit score will improve. For example, credit card primary accountholders will build credit slightly faster than charge card primary accountholders, and charge card primary accountholders will build credit slightly faster than authorized users. That said, any primary or additional cardholder who has only positive credit information reported monthly to credit bureaus can build excellent credit with enough time.
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