To add a Wells Fargo authorized user, sign in to your Wells Fargo account online and navigate to the “Account Services” tab. Then, click the “Credit Card Service Center” link and look under “Account Management” to find the “Add Authorized Users to Your Account” button. Click it, and you’ll be able to add your new authorized users to your Wells Fargo credit card account.
Keep in mind that Wells Fargo authorized users aren’t legally responsible for any charges made on the account. That’s important because by adding someone as an authorized user to your Wells Fargo card, you’re authorizing them to make charges on the account.
Yes, authorized users do build credit. You can actually build a good or excellent credit score just as an authorized user on a credit card. When you become an authorized user, the account is added to your credit report, which means on-time payments by the primary cardholder will help you build good credit history. But because authorized users are not responsible for paying the bills, credit scores don’t give authorized user accounts as much weight. So you won’t build credit as fast as an authorized as you would with your own credit card account.… read full answer
Still, the fact that most credit card companies don’t have a minimum age for authorized users, means becoming one is a great way to build credit before you can get your own account. But there are a few positives and negatives you should know about before becoming an authorized user.
Here’s how authorized users build credit:
A friend or family member adds you to their credit card account as an authorized user.
The credit card account gets added to your credit reports, just like if it were your own account.
The issuer gives updated account information to the credit bureaus on a monthly basis.
Your credit standing improves if the account owner has on-time payments, low credit utilization and other signs of financial responsibility.
Your credit gets hurt if the account holder behaves irresponsibly.
You can get an account with negative information removed from your report, since you aren’t responsible for making payments.
Authorized users do build credit, but that credit can be good or bad, depending on how the primary accountholder manages balances and bill payments. So you only want to become an authorized user on an account owned by someone responsible.
But in the event that an authorized user account does end up hurting your credit, you can dispute the account to get it removed from your credit report. That’s because any mistakes made won’t be your responsibility.
Finally, you’ll build credit faster if you also have your own credit card account that you use responsibly. You can get a starter credit card once you turn 18 years old, as long as you have enough money to pay the bills.
If you have bad credit and are worried you won’t get approved, try applying for a secured credit card. Secured cards require security deposits, but they have the highest approval odds of all credit cards and accept people with bad credit.
Your credit score may either improve or drop slightly when you are removed as an authorized user on a credit card. That is because the account history for the credit card will automatically drop off your credit reports upon removal. As a result, your score could see slight modifications when you are removed as an authorized user, depending on how the credit card account was managed.… read full answer
If the primary account holder paid the credit card bills late or used a lot of the card's available credit, being removed as an authorized user could actually help your credit score, for example. Either way, you can always add points to your score over time by using your own credit accounts responsibly. For more tips on how to improve your credit score, you can visit our guide on the subject.
Most credit card companies let you add an authorized user without providing that individual’s Social Security Number. You only need their name, birthday and address in most cases.
But requirements vary by credit card company, and not all of them will allow you to add an authorized user with no SSN. To give you a better sense of what, exactly, is required to add an authorized user, we looked into some of the most popular issuers’ policies.… read full answer
Capital One – SSN, Birthday and Phone Number
Discover – SSN, Birthday, Address and Phone Number
Citi – Name and Address
Chase – Name, Birthday and Address
Barclaycard – Name, Birthday, Relationship to Primary Cardmember and Citizenship status
Before adding an authorized user, you should also make sure to weigh the benefits and potential drawbacks of doing so. On the one hand, it will help the authorized user build credit. And if you mess up, the authorized user can have the negative records removed from his or her credit report. On the other hand, you’re the one who’s responsible for paying the bill every month.
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