If You Are An Authorized User On A Credit Card

Some rewards credit cards offer a bonus if you add an authorized user to your account. The accounts youre an authorized user on will likely appear on your credit reports most but not all credit card providers report account activity to an authorized users credit reports.

Adding An Authorized User Credit Card Insider

if you are an authorized user on a credit card

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It works best if the primary users card has a long record of on time payments.

If you are an authorized user on a credit card. Dear two cents my fiance and i have started discussing and planning our finances together. Unlike a joint account holder an authorized user doesnt have to go through a credit check to be added to the credit card accountsome credit card companies may charge a fee for adding authorized users. Adding an authorized user to your credit card account is easy to do and it can be a great way to help a friend or family member improve or establish credit.

When you add an authorized user to a credit card you may be doing that person a huge favor but there can be some negative outcomes too. His credit is bad and ive read that adding someone as an authorized user to your credit card can help improve their score. How will his finances affect me.

Before youre added as an authorized user you may want the primary account holder to ask their credit card provider whether they report authorized. Plus it can even help you earn rewards. If youre thinking of adding an authorized user for that purpose youll first want to check with the card issuer to see if they report authorized users to the credit reporting agencies and if so if the account is reported as if it was their own.

How does this work and is it a good idea. If it is the credit account will be listed in the authorized users credit file. Becoming an authorized user on someone elses credit card account is a common strategy for improving credit quickly.

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