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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » I have a friend who has applied for a few credit cards and always gets denied. He has ...

I have a friend who has applied for a few credit cards and always gets denied. He has never had a job before this year because he was a collegiate athlete that paid for his tuition and more. I have been researching joint credit cards and also authorized users and co-signers. What is the best way to go about getting him some credit? I don’t like the idea of a secured credit card and I can’t seem to find anyone that will do a joint credit card anymore. Do you have any advice on good credit cards that allow a co signer? Also, if he were an authorized user on someone else’s credit card, he would not get any credit for that, correct? Thanks!

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Leo Zhu

If you want to add somebody as a co-signer, consider Discover credit cards. Credit scores for both the cardholder and co-signer will be reported on both credit histories. But remember, if you add someone as a co-signer and anything goes wrong, you will be liable for the balance, interest, and penalty fees. Authorized users have permission to use a credit card but are not financially responsible for the account. This means that the authorized user is not liable to pay the debt, interest, or penalty fees. However, the account information will be reported on the authorized user’s credit history.

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