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Not old enough to get your own credit card? Start building credit by using someone else’s credit card. Becoming an authorized user isn’t fool-proof — the card owner has to make on-time payments and keep spending up wraps.
Yes. Capital one reports authorized users to the three major credit bureaus — Experian, Equifax and TransUnion.
Capital One reports positive and negative information to the authorized user’s credit report.
If you’re an authorized user on someone’s card, you could see a boost in your credit score if the primary cardholder always pays their balance in full before the due date and they keep their utilization rate low. This is also known as piggybacking.
But if the primary cardholder fails to pay their balance on time and starts accruing debt, you could see a negative impact on your credit.
Capital One offers some of the best cards for building credit. If you are over 18, consider applying for a secured or a student card to build your credit on your own.
If you can’t apply for a credit-building card on your own, becoming an authorized user to a Capital One credit card could be useful.
But if you can apply for your own credit card, you can build your credit faster. Consider a secured credit card or a student credit card.
Current Revolut users can get a free prepaid card for their kids between the ages of 12 and 17.
There are three Chase Mastercard credit cards, but all three are excellent options for frequent travelers.
Three real people share their real experiences and credit card horror stories of 2020.
A flat fee provides the necessary forms and resources to file in your state. But there’s no legal advice and you’re on your own for filing and court fees.
Opening a business bank account is easier than you think. Explore our guide on how to do it.
You can build your own website with Magento or choose a prebuilt solution with Shopify
Visa has teamed up with Splitit to allow cardholders to pay for purchases with an existing credit or debit card and split the cost into interest-free monthly payments.
Have you been ‘friend-zoned’ by every credit card you long for? Read what the experts have to say about pivoting towards success after your credit card application has been rejected.
A prepaid card designed for teens. But it’s only available to current TD Bank customers.