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How do you remove the secondary cardholder from a credit account without affecting your credit history?
Wiki User
∙ 16y ago
If both of you were on the initial credit application for the credit card, it can not be done unless you do a reapp to qualify for the account on your own. However, the other may choose to keep the card if they qualify. If you alert the credit card company that the other is nolonger involved, they may close your account because if the strength of the two credit scores was the determining factor in granting your credit limit, you do not qualify anymore.
Wiki User
∙ 16y ago
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Can a secondary card holder's credit rating hurt the primary card holders credit?
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
If you do not pay off your credit card in time what will the company do and what sort of rates can you expect to be charged with?
A current account balance and repayment history can help obtain a lower annual percentage rate. If the account is allowed to go over the limit or paid late, the cardholder can expect the issuer to raise the APR to an amount they feel the cardholder is worthy of. And because the APR has been raised, the cardholder's minimum monthly payment may be higher. Any future credit amounts can be limited [or denied] because of the late payment. And any future credit amounts can come with a higher APR due to the status of the account.
If you are a secondary card holder yet you have been the only user of that credit card does it mean you still have no credit history?
If you are on the account your are building a credit history, hopefully a good one.
If only the cosigner's name is on the coupon book are the payments affecting the primary borrower's credit?
The lender should be reporting payment history for all the names on the account to the credit bureaus, even if only one name is on the account address.
If you have been given a credit card as a secondary card holder and have bad credit will this help rebuild your credit or is it all reported on the primary cardholder history?
Secondary credit cards are a very BAD idea ! Responsible usage of the card remains the 'problem' of the primary account-holder. If YOU misuse the card - THEY take the consequences ! If you fail to make payments on time (or miss a payment) - THEIR credit rating suffers ! Most credit card companies will issue cards to people with bad credit history - they just charge a higher interest rate, and give you a low credit limit. Once you prove you can be responsible with the account (by making the payments on-time and staying within your credit limit) - they'll usually lower the interest rate, and increase your limit.
Can a secondary card holder's credit rating hurt the primary card holders credit?
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
Choose all correct statements about the cardholder account profile function?
- I can use the Account Profile function to see spending limits on my account - I can navigate to the Account Information screen to see my current and/or past due balances - I can use the Account Profile function to view up to seven years of my account's financial history
If you do not pay off your credit card in time what will the company do and what sort of rates can you expect to be charged with?
A current account balance and repayment history can help obtain a lower annual percentage rate. If the account is allowed to go over the limit or paid late, the cardholder can expect the issuer to raise the APR to an amount they feel the cardholder is worthy of. And because the APR has been raised, the cardholder's minimum monthly payment may be higher. Any future credit amounts can be limited [or denied] because of the late payment. And any future credit amounts can come with a higher APR due to the status of the account.
If you are a secondary card holder yet you have been the only user of that credit card does it mean you still have no credit history?
If you are on the account your are building a credit history, hopefully a good one.
If only the cosigner's name is on the coupon book are the payments affecting the primary borrower's credit?
The lender should be reporting payment history for all the names on the account to the credit bureaus, even if only one name is on the account address.
If you have been given a credit card as a secondary card holder and have bad credit will this help rebuild your credit or is it all reported on the primary cardholder history?
Secondary credit cards are a very BAD idea ! Responsible usage of the card remains the 'problem' of the primary account-holder. If YOU misuse the card - THEY take the consequences ! If you fail to make payments on time (or miss a payment) - THEIR credit rating suffers ! Most credit card companies will issue cards to people with bad credit history - they just charge a higher interest rate, and give you a low credit limit. Once you prove you can be responsible with the account (by making the payments on-time and staying within your credit limit) - they'll usually lower the interest rate, and increase your limit.
How many months of data are available for bank cardholder account statement viewing?
You should be able to get EVERY transaction - going back to when you first got the card ! It's standard practice for financial institutions to retain records of account activities - to counteract fraud ! The company may charge you for retrieving past data - but - they WILL be able to get it for you.
What has the author John E Warner written?
John E. Warner has written: 'History of secondary education in New Brunswick' -- subject(s): Education, Secondary, History, Secondary Education
If you are an authorized user on your cousin's credit card account will that help your credit?
It will depend on the credit card company...Ask if they report AU accounts to the bureaus. From personal experience I know that American Express does...and I think Citi and Chase do as well. With the Amex, it showed on my report exactly the same as the cardholder, so make sure your cousin has a good payment history with that account.
What is history of account?
acounting history
How do you transfer your online account gaming history on ps3?
The history is not yours to transfer and belongs to PSN. The history remains under the PSN account and can not be moved to a new account
What was a place of secondary punishment in Australian history?
newcastle
