Becoming an Authorized User: A Credit Card Option for College Students?

1 Answer

Answer :

Many college students have no credit, or a limited credit history. Fortunately, there is a way for college students to obtain a credit card and build their credit. For instance, if your parents have good credit, perhaps they can add you to their credit card account as an authorized user. As an authorized user, you can enjoy the ease and flexibility of using a credit card. Read on to learn more about becoming an authorized user, so you can get the credit that you need.Is it easy to become an authorized user?Yes, it is rather simple to become an authorized user on your parents credit card account. However, your parents may not be able to add you to their account if they have a poor payment history with that credit card issuer, or if they are currently over their spending limit on that particular account. Your parents can simply contact the customer service department for that credit card issuer to begin the process. In most instances, you can become an authorized user in a matter of minutes.What information do my parents need in order to add me as an authorized user?Your parents may be required to give the credit card issuer your full legal name, Social Security number, date of birth, drivers license number (or state identification card number), your contact details, and your employment and income information.Am I required to make payments if I am an authorized user?No, authorized users are not legally required to make payments to the credit card issuer. However, your parents may ask you to make payments directly to them whenever you use the card. Be sure to discuss this information with your parents prior to becoming an authorized user on their account.Will my parents payment history affect my credit score?Yes, if you are listed as an authorized user on your parents credit card account, their payment history will appear on your credit reports. So, if your parents make timely payments on their account, this can boost your credit score. However, if your parents default on their credit card account, it can have a negative impact on your credit history.Will I have my own credit card to shop with?Yes, for your convenience, your parents can request the credit card issuer to send them a card in your name. Please note that your parents may establish a spending limit for you on their account.How long can I remain an authorized user on the account?Generally speaking, you are allowed to remain an authorized user on someones account for as long as you like (or until that person removes you from that account).If your parents add you to their credit card account, it is important that you follow their rules and use your credit card wisely. Your parents are legally responsible for paying the credit card bill, so do not take advantage of the situation. And in a matter of time, you may be able to obtain a credit card on your own.

Related questions

Description : What percentage of college students have a credit and/or debit card?

Last Answer : I have a check card. I can deposit money into the account and withdraw cash like a debit card, but I can also use it in stores or online like a credit card without having to type in my pin.

Description : I'm an admin on my company's Facebook Page, yet "User Is Not Authorized To Edit App settings." Why?

Last Answer : Need Answer

Description : ______ is the art of exploiting the human elements to gain access to the authorized user. A. Social Engineering. B. IT Engineering. C. Ethical Hacking. D. None of the above.

Last Answer : A. Social Engineering.

Description : Mark correct option a) For the purpose of bag account PO is a Unit Bag Office b) Memo of authorized Bag balance is issued by Sr/Supdt of PO/RMS offices c) Diagram of a sorting case is prepared by SRM d) All the above are correct

Last Answer : d) All the above are correct

Description : Mark correct option a) Sorting sub office are situated near the junction of several mail lines b) Nodal Post office is working in important cities some post office are authorized to receive letters from ... per sorting diagram. c) Central bagging unit is branch of RMS office . d) All the above

Last Answer : d) All the above

Description : Why is my card not authorized?

Last Answer : I have had that occur a few times. It has happened more than once because the connection Burped , and failed the transaction. A retry was all that was needed. I have also had it happen because the ... because of that. It could be that with so many, your bank may have had some overload glitch.

Description : What is A stands in CIA of smart card? a. auditing b. authenticity c. authorized d. None of the above

Last Answer : b. authenticity

Description : What's the better option: a third-time reshipment or a credit to my card?

Last Answer : I would take my money back and find another seller.

Description : Can credit cards for college students be used for tuition?

Last Answer : College bookstores do accept credit cards for purchases. Whether the bursar accepts credit cards is something you'll have to check on at your son's school. Make sure you have a long talk with your son about ... the card up to the limit. Be clear about the use of the card and monitor it closely.

Description : Are credit cards for college students a good idea?

Last Answer : Credit cards with low limits are good for college students. Make sure they have low limits though.

Description : Can I get a credit card as a college student?

Last Answer : College students can apply for credit cards. There are credit cards specifically made for students with lower interest rates to help you get started on building your credit. Ask your college for any recommendations because credit card companies often approach colleges to promote their cards.

Description : If it were scientifically possible to determine that your unborn child had an 87% chance at becoming a psychopath, but you had the option of genetically correcting it, would you do it?

Last Answer : What are the list of things that could potentially go wrong with the experimental procedure? That would have a lot of weight in my decision.

Description : A teacher can establish rapport with his class by (a) Becoming a figure of authority (b) Impressing students with knowledge and skill. (c) Playing the role of a guide who desires to help him (d) Becoming a friend to the pupils

Last Answer : (c) Playing the role of a guide who desires to help him

Description : A teacher can establish rapport with his students by: Options: A) Becoming a figure of authority B) Impressing students with knowledge and skill C) Playing the role of a guide D) Becoming a friend to the students

Last Answer : B) Impressing students with knowledge and skill 

Description : A teacher can be successful if he/she (A) helps students in becoming better citizens (B) imparts subject knowledge to students (C) prepares students to pass the examination (D) presents the subject matter in a well organized manner

Last Answer : (D) presents the subject matter in a well organized manner

Description : A teacher can establish rapport with his students by: (A) becoming a figure of authority (B) impressing students with knowledge and skill (C) playing the role of a guide (D) becoming a friend to the students

Last Answer : Answer: B  Building rapport with students can be a remarkably effective way to improve classroom management. But there is some confusion over what rapport is and how one goes about building it. Rapport is ... like and believe in them, you'll form a bond that makes classroom management a lot easier.

Description : What are my chances of becoming a doctor and getting into a decent/good college?

Last Answer : If I were you, I’d be open to the possibility of going to med school in the Caribbean or Brussels. I think your assessment is realistic.

Description : Does becoming a personal trainer require a college degree?

Last Answer : It is not necessary to have a college degree to become a personal trainer. A degree in exercise science would be a plus when applying for a personal training position.

Description : Does the attached article affirm that the all to frequent play of the "race card" is becoming absurd?

Last Answer : I can see how it could be construed as racist, but I just don't think it is and it's not a big deal. Maybe I have too much faith in people, but I also wouldn't think advertisers would hurt ... a racist remark to the public like this. The point is to make money, not insult people and lose money.

Description : User datagram protocol is called connectionless because _____________ a. all UDP packets are treated independently by transport layer b. it sends data as a stream of related packets c. it is received ... order d. it sends data very quickly Answer: Option(a) 4. Transmission control protocol ____

Last Answer : a. all UDP packets are treated independently by transport layer

Description : .Identify the correct option: The main benefits of it are user mobility, portability, and easy management of software installation, updates, and patches. a) Application virtualization b) Network virtualization c) Desktop virtualization d) Storage virtualization

Last Answer : Desktop virtualization

Description : Mark the correct option a) A pensioner of any central or state Govt whom dept of post has signed an agreement for disbursement of pension can open either single or joint with spouse account. b) ... from time to time as guardian when father and mother both are not alive d) All the above

Last Answer : d) All the above

Description : The male students of your class are annoyed with you' on the pretext you have been easily approached the girl students and do a favor to them (girls). In such an embarrassing situation how would you like ... it is difficult for you refuse the request made by female students. (d) None of the above.

Last Answer : (a) You will tell the male students that girls have no option except to depend on the school teacher for their academic assistance.

Description : The male students in your class are annoyed with you on the pretext you that have a favour to the female students. In such an embarrassing situation how would you like to control them in class? ... students that it is difficult for you refuse the request made by female students D) None of these

Last Answer : B) You will justify that most of the female students are more sincere towards their studies than male students.

Description : Suppose some students indulge in porno graphic painting in the school's toilets and other places on walls and you nab a student busy with the work, what option will you prefer with the students? ... whole class D) You diagnose the group of such students and regularly keep vigilant eyes on them.

Last Answer : You will reasonably punish him and ask him not do it again

Description : Do you think it rude or fine to repeat another user's idea when answering a question and then not give that user credit?

Last Answer : It’s routine.

Description : You are not authorized to call this number by your account holder?

Last Answer : Call your service provider. This is something they need to help you with.

Description : Can the IRS levy a bank account that is not yours but you are an authorized signer?

Last Answer : As long as they are not an account owner, the IRS shouldn’t be able to touch that money. However, I would run that by a lawyer first.

Description : In the Apple ecosystem, what's the difference between an "Associated Device" and an "iTunes-authorized computer"?

Last Answer : answer:Associated Device = iOS (iPod, iPhone, iPad) Five is the number of computers that can be tied to each account. (iTunes)

Description : If I back up my iphone on a computer, can it restore backup from another computer that it was authorized on?

Last Answer : I backup mine to “cloud” and can recover from any authorized computer.

Description : Do I need to get my leased car serviced by an authorized service center?

Last Answer : Essentially, you don't own the car when you lease; you are renting it. When you lease, you agree to have the car serviced according to the terms of the lease. If you don't service the car as ... 't. You should check with other Toyota dealers in the area to see if their service fees are the same.

Description : If there was another Draft, what would be your excuse, if authorized?

Last Answer : I'm too old.

Description : There are two cliffs. They are each attached by a suspension bridge that takes 5 minutes to walk across, and is the only way to get to the other side. No one is allowed to cross the bridge unless ... the bridge, he'll wake up exactly when you reach the other side, and send you back)? -Riddles

Last Answer : You can't go as he is awake, he'll see you, but go when he doesn't see you. Then, turn back as he is waking up, pretending to go to the side you came from. Then, he'll figure you are unauthorized to set foot on the bridge, and send you to the side you want to get to.

Description : How many paramparas (disciplic succesion) are authorized in the age of Kali-Yuga? -Mythology

Last Answer : The principles of the paramparā system were strictly honored in previous ages —Satya-yuga, Tretā-yuga and Dvāpara-yuga— but in the present age, Kali-yuga, people neglect the importance of this system of śrauta-paramparā, or receiving knowledge by disciplic succession .

Last Answer : : Rs.1000 crore and paid up capital is Rs.500 crore.

Last Answer : : Rs 300 crore and paid up capital is Rs 30 crore.

Last Answer : Police officers not below Sergeant or Sub-Inspector , BRTA officers including Motor Vehicle Inspectors and Mobile Court Officers.

Last Answer : In the sentence Verbs That Edit By That Master Or Authority.

Last Answer : 4 types of authority .

Last Answer : Well it may take a while or turn to tech. support or reseller. ☠ ☠ ☣ ☠ ☣ ☠ ☣ ☠ ☢

Description : Are the use and consumption of marijuana are allowed and authorized only in private households?

Last Answer : It depends on where you are. Here in the Philippines, it is not allowed. Once they caught you with Marijuana onhand, they will imprison you.

Description : The authorized capital of a company is Rs.50,000 and the number of shares is 1000. If the paid-up capital is Rs.25,000, then the paid-up value of each

Last Answer : The authorized capital of a company is Rs.50,000 and the number of shares is 1000. If the paid-up ... the paid-up value of each share is Rs.______.

Description : The authorized capital of a company is Rs.150,000 and the number of shares is 500. What is the face value of each shares is 500. What is the face valu

Last Answer : The authorized capital of a company is Rs.150,000 and the number of shares is 500. What is the face ... then what is the paid-up value of each share?

Description : A company has shares of face value Rs.50 in which Rs.25 is paid-up and the paid-up capital is Rs.10,000. Then, the authorized capital is _________.

Last Answer : A company has shares of face value Rs.50 in which Rs.25 is paid-up and the paid-up capital is Rs.10,000. Then, the authorized capital is _________.

Description : What army regulation covers early report authorized?

Last Answer : What is the answer ?

Description : What service awards were authorized for Operation Frequent Wind?

Last Answer : What is the answer ?