Benefits of Being an AU/AMEX??

Discussion in 'Credit Talk' started by KelTex, Apr 10, 2001.

  1. KelTex

    KelTex Guest

    I have an Amex entry on all of my accounts. It is my mom's-shows as open since 1979 (she added me when I was traveling in college).

    Does it help or hurt to have this open? No late pays on Amex. I haven't found the actual "AU" noted on any report-seems to report as I was the cardholder.

    I am rebuilding. Multiple lates, two collections <200 total. I have about 15 open accounts, with only 7 showing no negatives.
  2. Dani

    Dani Well-Known Member

    Re: Benefits of Being an AU/AM

    Hi Keltex,

    An Amex account in good standing and opened for 22 years helps you a lot. Amex's system probably has you reported as an authorized user, but this information was never added to your credit reports. So to potential creditors it looks great.


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