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Tax file question for couples


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5 hours ago, quickgun_murugun said:

Kids add chestara?

Age requirements for authorized users

There is no overarching legal age requirement for adding someone as an authorized user. But card issuers do have different rules, policies and processes for adding minors to card accounts. In the chart below, we outline different bank policies for adding authorized users. Most banks make it easy to add an authorized user online while logged into your account, or by calling the number on the back of your card.

Card issuer Minimum age Reports to credit bureau?
American Express 13 Yes
Bank of America None Yes
Barclays 13 Yes
Capital One None Yes
Chase None Yes
Citibank None Yes
Discover 15 Yes
US Bank 16 Yes
Wells Fargo None Yes

The above table is for personal credit cards. Small-business cards typically have their own rules. Some banks ask for the authorized users’ Social Security Number (SSN), but banks do not pull credit reports on the authorized user, since the primary cardholder is the one who is responsible for making payments.

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48 minutes ago, afdbowner said:

Age requirements for authorized users

There is no overarching legal age requirement for adding someone as an authorized user. But card issuers do have different rules, policies and processes for adding minors to card accounts. In the chart below, we outline different bank policies for adding authorized users. Most banks make it easy to add an authorized user online while logged into your account, or by calling the number on the back of your card.

Card issuer Minimum age Reports to credit bureau?
American Express 13 Yes
Bank of America None Yes
Barclays 13 Yes
Capital One None Yes
Chase None Yes
Citibank None Yes
Discover 15 Yes
US Bank 16 Yes
Wells Fargo None Yes

The above table is for personal credit cards. Small-business cards typically have their own rules. Some banks ask for the authorized users’ Social Security Number (SSN), but banks do not pull credit reports on the authorized user, since the primary cardholder is the one who is responsible for making payments.

Awesome. Thanks bro 

so kids ki own add-on credit cards kuda ippiyyochu ayithey ?? 

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30 minutes ago, quickgun_murugun said:

Awesome. Thanks bro 

so kids ki own add-on credit cards kuda ippiyyochu ayithey ?? 

Yes ..you can add on kid on credit card  ...

For just building credit score ...It doesn’t matter ...

At some point if you remove the add on card - ...all the credit history built on that credit card will get wipe out ... 

Also if you want to build the credit history for his age 18 ..you can even just add him before age 18 as add on your oldest card ..that will simply back date credit history of the kid ..since you have that card 

Add-on kid to just build credit history ...it’s doest make any sense ...

 

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8 minutes ago, RULER said:

Yes ..you can add on kid on credit card  ...

 
 
 
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For just building credit score ...It doesn’t matter ...

 

 

At some point if you remove the add on card - ...all the credit history built on that credit card will get wipe out ... 

Also if you want to build the credit history for his age 18 ..you can even just add him before age 18 as add on your oldest card ..that will simply back date credit history of the kid ..since you have that card 

Add-on kid to just build credit history ...it’s doest make any sense ...

 

Yeah ... makes sense 

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