Does Citi report authorized users to credit bureaus?
Hi to all members of this community! I have a question for you. I am currently considering to open an account at Citi Bank, I am not sure yet which particular card to choose, they have so many, but lots of people told me it’s a good bank so I’m seriously thinking to do this. I am curious though, is this bank reporting its authorized users to credit bureaus?
No, I don’t think this is the case. As far as I know only the main account holder’s files go to credit bureaus. Regarding other authorized users, I think they only have access to their names and addresses, not also to their credit histories…But still, this might depend from bank to bank, I am not sure what is Citi Bank’s policy. You’d better ask them before opening an account.
I know for sure that Amex and Chase send reports to credit bureaus regarding authorized users too, but I am not completely sure about Citi.
I think that if during the application process for the card you will be asked to add the authorized users’ social security numbers, they will be reported to credit bureaus.
Definitely, I would like to add my wife as an authorized user, who previously had a worse credit history than me, so I hope to be able to help her improve it, that’s why I asked this question. I heard that many banks don’t offer this opportunity, but I’m very happy Citi does. Hopefully soon her credit score will rise.
Thanks all for your answers, I’ll apply today.