Additional cardholder

cookyy2k

I have searched and searched around the internet and found much conflicting advice and was wondering if one of you lovely people could give me a definitive answer. A relative has offered to make me an additional card holder on their account (I need a card for work purposes). Now my credit is shot for a good 6 years or so.

The question is nothing to do with the wisdom of this decision, since we realise it means the primary card holder is acting as the lender and taking all the risk.

the question is this would this count as a financial association from a credit report point of view. Obviously if it does I wouldn't inflict my rating on anyone and would have to work something else out, so I need a clear yes or no as to if our files will be linked.

jo-bo

I would say no, there'd be no financial association as its not a joint financial account. The main card holder is the one who is credit scored.

bris

No, as far as any other lender is concerned you still don't exist as you have no cards, the account holder has the card still in his account but your name on it, your still in the same position, nothing has changed.

bluedove

I'm actually in this same situation, got a Tesco CC and wants to add OH on it but as history is poor i don't want us to be joined financially.

Anyone have an idea if Tesco will run a credit check?

cos_2

My wife is an additional cardholder on one of my CC accounts. When I check my CRA files, which I do fairly often, the only association is on our mortgage and joint bank account. Hope this helps

opinions4u

Additional cardholder does not create a financial association.

It does, however, create on hell of a liability for the account holder.

bouncydog1

Not all card issuers will add a relative. M & S for instance will add a spouse, but not a son or daughter. Halifax will add a non spouse.

RADDERS

bouncydog1 wrote: »

Not all card issuers will add a relative. M & S for instance will add a spouse, but not a son or daughter. Halifax will add a non spouse.

I have a M&S credit card and both my husband and my daughter have additional cards on my account.

jonesMUFCforever

I agree no financial association is created when adding a second cardholder.
The only checks made will be to check for bankruptcy.