Sentences with phrase «authorized users on their credit card accounts so»

Often, parents make their children authorized users on their credit card accounts so that the kids have a card to use in emergencies.

Not exact matches

The pros and cons of being an authorized user While being an authorized user on a credit card does not prevent you from getting that same credit card and sign - up bonus down the road in your own name, it can complicate matters a bit, so we generally don't add each other as authorized users on most new card accounts.

You are responsible for all balances on the card, so the biggest risk is that the authorized user will run up big bills, with consequences for your bank account and, potentially, your credit score.

The biggest risk to being an authorized user is that, if the account holder gets into trouble with the credit card account, that could have a negative impact on your credit score, so don't take becoming an authorized user lightly.