An additional cardholder is an authorized secondary user added to an account by the primary cardholder. The additional cardholder generally gets to enjoy all the benefits of a debit or credit card account without any liability, which remains the responsibility of the primary cardholder.
Does an authorized user have to use the card?
You also don’t have to actually use the card to see your credit score rise as the result of being an authorized user. So if the cardholder doesn’t feel comfortable trusting you with your own card, you’ll still benefit from being linked to their account.
What does it mean when you are an authorized user on another person’s credit card?
An authorized user is an additional cardholder on someone else’s credit card account. You have a credit card in your name that is linked to the primary cardholder’s account.
Can a secondary card holder be removed from an account?
Have authority to add or remove secondary cards – The primary cardholder holds the authority to add or remove the secondary cardholders from the account. At any point of time, the primary cardholder can contact the bank and have the secondary card cancelled or revoked.
Where does the credit history of another cardholder go?
Credit history is only recorded on the credit report of the main cardholder, including any spending incurred on the other user’s card, so it is not recommended for people that want to help someone build their credit history with hopes of them being able to take credit of their own.
Can a primary credit card holder apply for a secondary credit card?
A primary credit card holder can apply multiple secondary credit cards to suit their family needs. Secondary cards are seeing an increase these days amongst friends and colleagues too. Corporates are opting for add-on cards to provide their senior management executives.
Can a person be an authorized user on someone else’s credit card?
All she has to do is piggyback as an authorized user on someone else’s credit card account. An account, by the way, that she will bear no legal responsibility for – even when actively using it.
