Sentences with phrase «as an authorized user»

While you're not responsible for paying the balance — even for your own spending — being added as an authorized user adds a credit account to your credit history.

He got his start building credit early in high school when his parents put him on as an authorized user on their credit card.

It was common for parents to add their children to their credit card accounts as authorized users in order to help them establish credit histories.

Once your teenager has demonstrated responsibility, you can help them obtain a credit card as an authorized user or with a secured card.

When the teen is removed as an authorized user, their credit score will decrease in the short term.

Parents with poor credit history should think twice before adding children as authorized users on their accounts — not for the sake of themselves but for the sake of their children.

Make sure to remove your spouse's name as an authorized user of all of your credit cards.

You can be listed as an authorized user on someone else's credit account.

Adding someone as an authorized user means trusting that person to use the card responsibly.

Applicants can even be penalized if they are added as an authorized user for other credit cards.

The inclusion of a friend or family member as an authorized user on an existing credit card account used to be a simple method for establishing credit.

Consider signing family members on as authorized users in order to squeeze more rewards from your family's monthly spending.

The best practice is to keep the teen as an authorized user for as long as possible or until they have established their own credit history.

Then, if you like, you can add your wife as an authorized user on your card.

I recently added my husband as an authorized user, to help his credit.

In case you're wondering; Credit trade lines are added to your report as authorized user accounts.

It can happen when a parent adds their son or daughter as an authorized user on a credit card they open before their child was born.

If you have excellent credit yourself, you can consider adding your older teenage kids as authorized users on your credit cards.

Your parents might not be willing to add you to the account as an authorized user because of this.

The account displays on the credit reports of the cardholder as well as the authorized user.

You can simply add your teenager as an authorized user of your credit card account.

Your leverage over enforcing these terms is the power you'll have to remove your child as an authorized user if he or she fails to agree to your terms.

You must add a spouse or member of your household as an authorized user before you can transfer points to them.

I wouldn't feel comfortable adding just anybody as an authorized user to my account either.

Does adding each other to the other's card as an authorized user improve our scores?

If you are not able to get any credit cards of your own, you might try getting noted as an authorized user on someone else's card.

That chosen person might not want to add you as a joint account holder, but instead as an authorized user.

Then you discover as the authorized user that the primary cardholder is making late payments.

- Women will be much more negatively impacted than men being that its the women who are added as an authorized user more often.

By jumping onboard as an authorized user on someone else's credit card, you can benefit from owning and using a credit card.

Add your business as authorized user on personal card?

You can add anyone as an authorized user to your credit card, including a spouse, roommate, business partner, or child.

One way adding your girlfriend as an authorized user could benefit you is that her purchases on the card could help you reach any of the spending thresholds that can trigger reward bonuses.

However, if you are removed as the authorized user, you will lose that credit history on your reports, leaving you with just your individually held accounts.

This modification will occur later this summer and as a result, consumers who are listed as authorized users on credit card accounts will probably see a major change in their credit scores.

Rather than adding children as authorized users, set them up with their own accounts and emphasize the importance of the fundamental financials that will impact their future.

So, it may be a good idea to add a child or spouse as an authorized user, particularly if they don't have any credit history of their own.

Add trusted family and friends to your card account as authorized users.

If she adds me to her credit card as an authorized user, will that raise my credit score?

Add your teen as an authorized user on your credit card account.

As long as the primary cardholder is being responsible, all that good credit information flows onto your credit report as an authorized user.

Adding your child or other family member as an authorized user is a legitimate way of building or rebuilding their credit, but it's not a decision to be taken lightly.