Comments on: Joint Credit Card vs. Authorized User http://financialhighway.com/joint-credit-card-vs-authorized-user/ Personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth Wed, 08 Feb 2012 22:22:27 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chiave http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-13767 Chiave Wed, 17 Aug 2011 02:05:23 +0000 http://financialhighway.com/?p=4611#comment-13767 Under Authorized User, the article states: "This allows a second person to use your credit card but they are not responsible for the payments and the information does not go on their credit report." I have to disagree with that statement. My husband put me on several of his cards as an authorized user (to get rewards points). I just reviewed my 3 major credit reports from the 3 reporting agencies (August 16, 2011) and in case, the full information about his cards, payment history, etc., is on MY credit report as an authorized user. I may not be legally responsible for the debt, but it sure is reported on my credit reports in black and white! Under Authorized User, the article states: “This allows a second person to use your credit card but they are not responsible for the payments and the information does not go on their credit report.”

I have to disagree with that statement. My husband put me on several of his cards as an authorized user (to get rewards points). I just reviewed my 3 major credit reports from the 3 reporting agencies (August 16, 2011) and in case, the full information about his cards, payment history, etc., is on MY credit report as an authorized user. I may not be legally responsible for the debt, but it sure is reported on my credit reports in black and white!

]]> By: Liz http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-7314 Liz Mon, 22 Nov 2010 02:46:42 +0000 http://financialhighway.com/?p=4611#comment-7314 Correction: After researching this information for 2010, it seems as though an Authorized User can benefit from another's account, or their score can be lowered, but they aren't financially responisble for debt (certain exceptions in certain states for spouses). Also Experian and some lenders dont report negative info. Correction:

After researching this information for 2010, it seems as though an Authorized User can benefit from another’s account, or their score can be lowered, but they aren’t financially responisble for debt (certain exceptions in certain states for spouses). Also Experian and some lenders dont report negative info.

]]> By: Nino http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-7280 Nino Thu, 18 Nov 2010 22:09:22 +0000 http://financialhighway.com/?p=4611#comment-7280 AU's use of the credit card does reflect in their CR's. ( As long as the CCC reports AUs, which most major CCC do ) The good and bad, as well as the original date that the CC was opened, regardless of when the AU was put on the account. AU’s use of the credit card does reflect in their CR’s. ( As long as the CCC reports AUs, which most major CCC do ) The good and bad, as well as the original date that the CC was opened, regardless of when the AU was put on the account.

]]> By: Wednesday Trends in Credit Cards & Debt | Credit Karma Blog http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-4969 Wednesday Trends in Credit Cards & Debt | Credit Karma Blog Wed, 04 Aug 2010 18:07:49 +0000 http://financialhighway.com/?p=4611#comment-4969 [...] Putting your name on a credit card contract with someone else? Financial Highway helps you know the difference between Joint Credit Card vs Authorized User. [...] [...] Putting your name on a credit card contract with someone else? Financial Highway helps you know the difference between Joint Credit Card vs Authorized User. [...]

]]> By: Jim http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-4908 Jim Thu, 29 Jul 2010 20:10:36 +0000 http://financialhighway.com/?p=4611#comment-4908 my only input is be careful when adding someone to your account or signing up with them. their is a lot of responsibility that goes into this but if you have taken the time to ask the tough questions and air your concerns then go for it, it can be a good thing. my only input is be careful when adding someone to your account or signing up with them. their is a lot of responsibility that goes into this but if you have taken the time to ask the tough questions and air your concerns then go for it, it can be a good thing.

]]> By: Jerry Hung http://financialhighway.com/joint-credit-card-vs-authorized-user/#comment-4771 Jerry Hung Mon, 26 Jul 2010 20:18:31 +0000 http://financialhighway.com/?p=4611#comment-4771 Keep in mind also, I know Authorized User (=Supplementary card) holder does NOT get a credit history I think a Joint CC = both holders get a credit history But I actually never see a Joint CC advertised, normally just Suppl. Card Keep in mind also, I know Authorized User (=Supplementary card) holder does NOT get a credit history

I think a Joint CC = both holders get a credit history
But I actually never see a Joint CC advertised, normally just Suppl. Card

]]>