Hello and Today's topic, well adding an authorized user to your credit card her your credit.

But first, I'm really excited to say that the Money Girl Podcast has been nominated for the podcast awards. I'm up for Best Business

Podcast. Voting is open now through August 12th and I'd really appreciate your vote.

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And now on to our topic.

Cabria emailed me with this question.

I have good credit and my boyfriend has bad credit.

If I make him an authorized user on one of my credit cards will it damage my credit score?

Thanks for the question, Cabria.

In the U.S. people with little credit history the question, Cabria.

In the U.S. people with little credit history or a poor credit history sometimes try to solve

the problem by having a spouse, significant other, or parent with good credit, add them as an authorized user on their credit card.

For example, let's say that you want to help your son establish his credit history.

You could add him to your credit card

card as an authorized user.

Many credit card companies report the payment history on both the primary

card holders and the authorized user's credit reports.

So the authorized user who wants to establish or improve their credit benefits

if the credit card company reports the good payment history on their credit report. So what is an

authorized user? An authorized user can use the credit card but is not

responsible for making the payments. An authorized user is not the same as a joint

account holder because a joint account holder is responsible for payments.

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