As parents, we want the best for our children: health, happiness — and hardy credit. Having astrong credit profilecan determine whether your kid gets approved for a loan or how much they’ll pay for car insurance when they’re grown. But establishing credit for someone with no credit hist...
1. Primary account holder is responsible for all charges made by the Authorized User(s). Discover reports the account credit history to the three major credit bureaus as to you and the Authorized User. This can help build the Authorized User’s credit history over time if used responsibly. ...
Sharing your credit is a sure sign of your commitment to someone. And, for couples, it can be a great opportunity to double down on yourtravel rewardsstrategy for free travel. Adding your significant other, parent, child or any other important person in your life as an authorized user on ...
Get your FICO®Score for free No credit card required Get Access Now Advertiser disclosure TyrannicalDuncery Regular Contributor 06-26-202309:05 PM Unintended consequences of adding an authorized user? I'm thinking of adding someone I trust as an authorized user on one of my cards (if...
Chase offers bonus points or miles when you add authorized users to certain credit cards — adding your kid will help them build a credit historyDavid Slotnick
credit card account. Such as perfect payment history, low utilization ratios, and a respectable credit limit. Each month the creditor will report the history of the account, not only to the primary cardholder, but also for the authorized user as well. This practice is known as "piggybacking"...