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.
Having a parent or friend add you on to their card
as an authorized user can help you work towards a higher credit score, but there are some potential downsides.
You can ask someone to add
you as an authorized user on a credit card.
Here's a brief refresher of the Chase 5/24 rule: If you have been approved for or been listed
as an authorized user on five credit cards (personal or business) in the 24 months, you will need to wait for your oldest card application inquiry to drop off your credit report.
While anybody can be added
as an authorized user without a credit check, an issuer will look at the credit history of both co-signers before approving their application.
The only way to get an «aged» revolving history would be to have someone add you to one of their accounts
as an authorized user.
Some of the easiest ways to begin building credit are to ask a parent to add
you as an authorized user on one of their credit cards or to apply for a secured credit card yourself.
If you have friends or family with excellent credit, ask them to add
you as an authorized user to one or more accounts.
You may subscribe either as an OSA member, or
as an authorized user of your institution.
As noted in the Terms of Use, a Registered Accountholder may establish a minor child
as an Authorized User for whom such Registered Accountholder is a parent or legal guardian.
As an authorized user of the Formative Assessment for Michigan Educators (FAME) website, I understand any and all materials and resources I access through this website are for my personal use and for use with my Learning Team, as a registered participant in the Formative Assessment for Michigan Educators (FAME) project.
I wouldn't feel comfortable adding just anybody
as an authorized user to my account either.
By joining an existing tradeline account
as an Authorized User, you can piggyback on a relative's or spouse's good credit standing until you've had time to build a credit profile of your own.
It's extremely important that you are not added
as an authorized user to any personal cards.
If you have friends or family with excellent credit, ask them to add
you as an authorized user to one or more accounts.
The one hiccup in his aggressive push for a higher credit score is getting added
as an authorized user.
If you know someone who has good credit and trusts you to be on your best financial behavior from now on (if you're reading this article, you're on the right path), that person may be willing to take you on
as an authorized user.
You have no obligation to respond if a collection agency is harassing you about purchases you made
as an authorized user.
An authorized user does not need to qualify for a loan or credit card prior to being added
as an authorized user.
Subject to our approval, in our sole discretion, as to both number of persons and specific persons requested, you may request in writing to us to designate certain non-Account holders
as Authorized Users of your Account by issuance of additional card (s) in the name (s) of such Authorized User (s).
Another good tip to maximize your sign - up bonuses is to put your spouse or significant other on your account
as an authorized user.
Your request will be that the person should add
you as an authorized user of his credit card.
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.
For example, let's say your mom adds
you as an authorized user today, and her statement date is in 3 days.
Of course, talk to your child about their spending first, then proceed to take them off your card
as an authorized user, if you must.
Adding your spouse or child onto your account
as an authorized user could add to your total (check the terms and conditions of the card).
Make sure you trust the person who's adding
you as an authorized user.
Pro Tip: If you have a spouse or family member that you trust, you can sometimes also earn a bonus for simply adding
them as an authorized user to your own account.
In addition to pay for removal, Gardner also asked his father to let him sign on
as an authorized user on one of his credit cards.
As an authorized user you are not responsible for any of the debt, and Mortgage FICO 5 will count the history as yours.
That includes any charges made by any business employees you designate
as authorized users of the card.
As an authorized user, you'll simply receive a card with your name on it.
Some banks will report date opened as the date the card was originally opened by a principal user, while others will report the date you were added
as an authorized user;
I did some research and had my parents add
me as an authorized user on their 15 year old Discover account 14k limit like two weeks ago.
There are several advantages that come with adding your child
as an authorized user.
Remember, they can make purchases at any time, but they are not directly responsible for making payments on the card, so you'll want to be very careful in choosing whom to add
as an authorized user.
I was curious to see how the whole process worked so I decided to add my girlfriend to my AMEX Gold
as an authorized user.
Do not get removed
as an authorized user until you've got your own card, or else your score will drop and you might not be able to get one;
Access to these will be granted only to the primary account holder - employees who have been added
as authorized users do not qualify.
I added
her as an authorized user on 10/1 and all I gave AMEX was her name and date of birth.
While there are several good reasons to add your child
as an authorized user to your credit card, the most common is to help him or her start building credit.
First, let's review what it means to add your child
as an authorized user to your account: Essentially, you're giving him or her the ability to make charges to card, but no responsibility to pay.
If you have a spouse, parent, or another trusted family member or friend with good credit, have them add
you as an authorized user to their credit accounts.
When someone adds
you as an authorized user on their credit card, this card then shows up on your report as yours, while also remaining on their report as theirs.
Adding your child
as the authorized user on your credit card is a smart way to help him or her start building credit.
However, finding someone you trust who is willing to add
you as an authorized user will definitely help.
I wanted to have a credit file so my mom added
me as an authorized user to her credit card.
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.
I added someone
as an authorized user to my Amex card and Credit Karma said there was a hard inquiry.