This as-told-to essay is based on a conversation with Kelsey Frampton, a 21-year-old business student from Fresno, California, who's studying in Barcelona. The following has been edited for length and clarity.
27.10.2023 - 21:39 / thepointsguy.com
Adding a loved one, such as a partner, child, family member or friend, as an authorized user on a credit card, has multiple advantages.
Firstly, it can simplify your financial management. Instead of using multiple cards and dealing with separate bills or settling expenses later, you can divide the costs between two individuals or pay from a shared account, depending on your circumstances. Additionally, the primary cardholder will receive all the points, which can be beneficial if the authorized user is not concerned about earning points.
Moreover, authorized users on select cards can enjoy additional perks. Today, we will explore these benefits and how this can enhance your points accumulation while benefiting the authorized user.
Beyond just simplifying expenses, there are some lesser-known benefits to adding authorized users to your credit cards. Some of these include:
In most cases, authorized users are still eligible for the card's welcome offer if they apply for their own card. So, if you add your partner as an authorized user on your Capital One Venture Rewards Credit Card and later decide to open their own card, they're still eligible for whatever welcome bonus the card offers when they apply.
Related: The 7 credit cards with the greatest value for authorized users
Adding an authorized user doesn't come without risks.
The main risk of adding an authorized user to your account is that you're still responsible for all charges posted to the account, even if your authorized user makes the purchase. With this in mind, you should only add extremely trusted individuals as authorized users on your card.
One way to mitigate this risk is by adding spending limits to authorized user cards. American Express is one of the best issuers in this regard, as it lets you set limits as low as $200 for authorized user cards.
Further, authorized users take on some risk when added to someone else's account. The authorized user's credit may also suffer if the primary cardholder doesn't pay their bill on time.
If you find yourself in this situation, call the issuing bank and ask to be removed as an authorized user. You can then dispute the late payment with the credit bureaus if necessary.
Related: Complete guide to authorized users on the Amex Platinum Card — now with higher annual fees
Adding a relative or another very trusted person as an authorized user is a great way to build up your points stash while helping that person build credit and take advantage of various perks. But before adding an authorized user to your account, ensure you're comfortable with the risks.
This as-told-to essay is based on a conversation with Kelsey Frampton, a 21-year-old business student from Fresno, California, who's studying in Barcelona. The following has been edited for length and clarity.
The Cycladic island of Ios is a rocky, mountainous environment of winding roads sometimes blocked by herds of bleating goats and sleepy villages hugging cerulean coastlines. In the 1960s, backpackers discovered the nearly untouched island and it became known as a hippie haven, hosting all-night beach parties, with a handful of cheap bars operating in the Chora (main town). A few decades later, nearby Santorini and Mykonos began to outshine their neighbor, attracting hordes of tourists each summer and investing in new developments. Meanwhile, Ios only got electricity across the entire island in the 1970s and most residents here are goat herders or farmers. Today, Mykonos has taken the nightlife crown and both it and Santorini have become severely over-touristed. Ios on the other hand, remains a quiet, mostly undeveloped paradise.
This series of articles about credit cards, points and miles, and budgeting for travel is brought to you in partnership with The Points Guy.
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