Because you’re not technically responsible for paying the bills, being an authorized user may not have a huge impact on your credit score. Make sure the issuer reports authorized users to the credit bureaus. If your authorized user status doesn’t show up on your credit reports, it won’t help your score.
Keeping this in view, which credit card companies do not report authorized users?
The following issuers report authorized users to credit bureaus:
Barclays (Only Equifax* and TransUnion)
Bank of America.
Department Stores National Bank.
How much does it cost to buy Tradelines?
Tradelines range in price based on the age and limit of the line required, usually between $600.00 and $1,600.00 per line. Typically, $600.00 would buy you a $2,000.00 limit tradeline with 2 or more years of age. On the other hand, $1,600.00 will net you a $47,000.00 tradeline with over 20 years of age.
What does Tradelines do for your credit?
A credit report tradeline is simply an industry term to describe a credit account. If you have credit accounts, you therefore have tradelines on your report, and they may come in the form of line of credits, car loans, mortgages, credit cards, and payday advances.