No. of Recommendations: 2
It may not work, but it would be worth asking Citibank to convert the account back to a personal account and carry the credit history with it.

Adding the family member as an authorized user will not help. The rules have changed to close that loophole.

An attorney before cosigning would be a very good choice.

Even if they can't obtain the best rates now, they will have the option to refinance in a couple of years.

If the family member belongs to a local credit union or has accounts with a local bank, the family member should try applying at the credit union.
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.