Pros and cons of being an authorized user on a credit card
Becoming an authorized user can help you build credit, but there are pitfalls to consider as well.
"I write expert content with the goal of helping consumers make the most of their credit, their money and their lives."
— Holly D. Johnson
Holly Johnson began her career working in the funeral industry, which may make you wonder why she works in personal finance now. Yet, the funeral industry taught the author everything she needs to know about the value of one's money and time. Johnson left the mortuary business a decade ago in order to explore her passion for personal finance and travel the world, and since then, she and her husband have built a debt-free lifestyle that has them on the path to retire very wealthy in their 40s. Holly's love of budgeting also led to the creation of her debt payoff book, “Zero Down Your Debt: Reclaim Your Income and Build a Life You’ll Love."
Currently, Johnson writes expert content on personal finance, credit cards, loyalty and insurance topics. In addition to writing for Bankrate and CreditCards.com, Johnson does ongoing work for clients that include CNN, Forbes Advisor, LendingTree, Time Magazine and more.
"I write expert content with the goal of helping consumers make the most of their credit, their money and their lives."
— Holly D. Johnson
Becoming an authorized user can help you build credit, but there are pitfalls to consider as well.
In 2018, the Fair Isaac Corporation (FICO), Experian and Finicity launched the new UltraFICO score. The goal of UltraFICO is to expand credit access and give consumers more control in the credit scoring [...]
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