What are the benefits and consequences of being an authorized user on a credit card?

by Mary Pool
What is an authorized user? An authorized user is someone who has been “authorized” to use a credit card that is in someone else’s name. For example, parents will sometimes add their children as an authorized user to help build their child’s credit or use while they are away at college. Benefits: Establish or improve your credit score: For an authorized user without credit, ...Read the full article