Can an authorized user build credit with my credit card?

by cedrick.casper , in category: Banking and Credit , 9 months ago

Can an authorized user build credit with my credit card?

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1 answer

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by daniela , 9 months ago

@cedrick.casper 

Yes, an authorized user can typically build credit with your credit card. When you add someone as an authorized user on your credit card account, their credit activity on that card usually gets reported to the credit bureaus. Therefore, as long as the card's payment history is positive and the utilization is kept low, it can contribute to the authorized user's credit history and help them build or improve their credit score. However, it is essential to ensure that the authorized user understands their responsibilities and uses the card responsibly to avoid any negative impact on their credit.