The Fed Interest Rate Hike, and What’s a Credit Card Authorized User?

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 28 March 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Federal Reserve is raising interest rates. To explore what it means for you, Sean kicks off this episode with a roundtable discussion about how the rate hike could affect mortgages, day-to-day finances and credit cards. Then Sean and Liz answer a listener’s question about how making family members (or friends, for that matter) authorized users on your credit cards can help them boost their credit. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Timestamps: This Week in Your Money segment: 0:00 - 13:49 Money Question segment: 13:50 - 26:30 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
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0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
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0:19.0	Yes! And it was amazing!
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0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:33.9	Welcome to the NerdWallet Smart Money Podcast, where we answer your personal finance questions
0:38.3	and help you feel a little smarter about what you do with your money.
0:41.8	I'm Sean Piles.
0:42.9	This episode, my co-hosts Liz Weston and I answer a listener's question about whether you can
0:47.3	help your family by making them authorized users on your credit cards.
0:51.7	But first, an hour this week in your money segment, I'm talking with mortgage nerd Holden
0:56.2	Lewis, personal finance nerd Kim Palmer, and credit cards nerd and occasional smart
1:00.6	money co-host, Sarah Rathner, about how the rate hike could affect different parts
1:04.6	of your financial life.
1:06.4	Welcome to the podcast, everyone.
1:08.1	Hi, y'all.
1:08.9	Thanks for having it.
	...

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