Sentences with phrase «authorized users benefit»

That means that, as you use your credit card responsibly, your authorized users benefit, though perhaps only slightly.

I think that utilizing the authorized user benefits of these cards is one of the best ways to maximize the value of travel benefits, because it can work out to getting a near 90 % discount for multiple people on lounge access!

Even if you only travel a couple of times a year, if you're only paying around $ 60 for all of these perks, then Platinum Card authorized user benefits can be well worth your money.

So if an authorized user adds a Platinum Card to their Uber account, they will not be able to use any of the $ 200 credit because it's not one of the Platinum Card authorized user benefits.

So here's a breakdown of the Amex Platinum authorized user benefits.

Not exact matches

Say your spouse has a credit card with little or no balance and a great payment history; if he or she agrees to add you as an authorized user, from a credit score point of view you automatically benefit from her card's available credit as well as her payment history.

For me, I decided that the $ 95 fee didn't make sense as the Sapphire Reserve provided equal or better benefits across the board and I was happy to pay the premium to have the card for both myself and my wife ($ 75 authorized user fee as well).

We specify «primary cardholders», since these benefits are not extended to authorized users.

This looks like a less generous offer than Costco's but customers benefit from perks such as free authorized users, automotive features, travel benefits, and a lot more.

One potential benefit for authorized users is that the credit card's payment history will be added to their credit reports.

The bonus will be that your authorized users will also get access to things like Priority Pass and some of the other card benefits!

If you add an authorized user to your Chase Sapphire Reserve, he or she will be able to use Priority Pass Select membership benefits.

Spouses and relatives could also benefit from being added as an «Authorized User» to an existing good standing credit card account.

We specify «primary cardholders», since these benefits are not extended to authorized users.

In addition to this benefit, those who add an additional authorized user to their account are eligible for a $ 25 bonus credit, but this addition needs to be made during the three - month introductory period.

Being an authorized credit card user is the best position possible in the credit world: you get all the benefits and none of the responsibility.

An additional benefit to this arrangement, of course, is that you continue to earn miles whenever the authorized user charges purchases to his or her credit card.

You can also become an authorized user on your parents» or spouse's credit card, if they have good credit, to benefit off their on - time payments and ride the wave to a better credit score.

Being an authorized user on a credit card might not even be reported to credit agencies, but if it is it may have a small benefit for your credit score.

Some cards also give this benefit to authorized users.

While this is only a short - term benefit, this could tip the scales in favor of the Chase Freedom Unlimited ® for those that plan on adding authorized users.

One of the other benefits of being an authorized user is that the card's good payment history is added to your credit report, which eventually will improve your creditworthiness.

Along with the clear benefits of adding positive credit history to anyone's credit score, becoming an authorized user on a card with a not - so - positive track record that includes late payments or high utilization can lead to more problems than additional score points.

Authorized users can be a double - edged sword that comes with certain risks and benefits.

There are clear financial benefits to your child if you add them as an authorized user, as long as the card issuer reports these users to one of the three credit bureaus.

Below we outline the risks and benefits to both the primary accountholder and the authorized user.

You may have heard of the benefits of getting extra points by «adding an authorized user» to your credit card account — but what does that mean, what do you need to know to do it wisely, and how does it actually help you maximize your points balances?

However, some credit experts say there could be a downside: Children and other legitimate authorized users no longer will get the benefits of their sharing of their parents» or grandparents» high - quality credit DNA.

Your kids» scores will benefit as long as your issuer reports authorized user activity to the credit bureaus every month.

If you are added as an authorized user on another person's account, you can enjoy the benefits of using the card without the official financial responsibility of paying the credit card's balance.

If the credit card owner pays their credit card bills on time and practices good credit habits, then the authorized user's credit score will benefit.

This is similar to an authorized user, but with greater responsibility and benefits.

Popular, due to the ease with which an authorized user can be added to an account — no credit requirements — and the immediate scoring benefit that can be realized from the primary cardholder's (hopefully) positive credit history.

How authorized - user credit score benefits work These authorized user accounts then become part of the authorized users» credit reports and credit scores for as long as they remain guests on the account.

Any consumer that has benefits as a result of being an authorized user on an accounts will see their credit scores go down.

- There will be no benefit of being an authorized user on someone else's credit card.

Your teen will benefit from your credit history and even begin to boost her own credit score so long as the credit card issuer reports authorized users to credit bureaus.

A premium card with premium benefits, the Citi Presti ge C ard can have a lot to offer both the primary cardholder and the authorized user.

The primary or authorized users must use their card to pay for Global Entry, but no where does it state that the recipient of the Global Entry benefit must be the primary or authorized user.

The benefit of becoming an authorized user, beyond access to a credit card, is that some credit card companies, like American Express, report that you are a cardholder to credit bureaus.

Upon activation of that benefit on chase.com it says «you and your authorized users» have access.

-- You can build credit quickly by being added as an authorized user, but the benefits can vanish if you are removed from the account.

The good and the bad of credit account «piggybacking» — Authorized users can greatly benefit from being tagged in an account with a good credit score.

There are no foreign transactions fees on this card, and some of these benefits also apply to any additional authorized users on your account.

Authorized users have the same benefits as the original cardholder, and this sometimes comes with an additional bonus.

If you're planning on adding authorized users, make sure they are taking advantage of the benefits made for them as well!

Authorized user Gold cards don't receive benefits of the American Express ® Platinum Card ®, so it's kind of pathetic that Amex would charge us for the privilege of spending more money on the account.

Some cards also give this benefit to authorized users.

The Ritz - Carlton card is the best for adding authorized users because you can add as many authorized users as you want for free, meaning that you can confer the Priority Pass benefit worth $ 400 to people with no cost!

For all of these cards, authorized users receive the same lounge benefits but they all have different price tags for adding them.