Are you looking to add an authorized user to your credit card account, or perhaps you're the one who's been invited to be an authorized user? In either case, you may be wondering which credit cards are best for this purpose. Well, you're in the right place! In this article, we'll explore the top credit cards for authorized users, consider vital factors such as rewards, benefits, and fees, and break down each card's standout features. Ready to jump in? Let's go!
Best Credit Cards For Authorized Users Table of Contents
Things to Keep in Mind When Considering Credit Cards for Authorized Users
Things to Keep in Mind When Considering Credit Cards for Authorized Users
Before diving into the best credit cards for authorized users, it's essential to understand the significant factors to consider while comparing cards:
1. Rewards and Benefits
Authorized users should ideally have access to the same rewards and benefits as the primary cardholder. This includes cashback, points, or miles earned on purchases, as well as perks like airport lounge access and travel insurance.
2. Annual and Authorized User Fees
Credit cards generally charge an annual fee, and many also charge a separate fee for adding authorized users. Make sure to compare these fees and factor them into your decision.
3. Credit Reporting
For authorized users looking to build or improve their credit score, it's crucial to ensure that the credit card reports authorized user activity to the major credit bureaus.
Best Credit Cards for Authorized Users
Now that you know what to look for, let's dive into our top picks for the best credit cards for authorized users:
1. Chase Sapphire Preferred
- Annual fee: $95
- Authorized user fee: $0
- Rewards: 2x points on travel and dining, 1x points on all other purchases
The Chase Sapphire Preferred is an excellent option for authorized users, as it doesn't charge an additional user fee. Plus, authorized users can access the same rewards and benefits as the primary cardholder.
2. Capital One Venture Rewards Credit Card
- Annual fee: $95 (waived first year)
- Authorized user fee: $0
- Rewards: 2x miles on all purchases
The Capital One Venture Rewards card is another top option with no authorized user fee. It offers a simple and straightforward rewards structure, making it easy for authorized users to rack up miles.
3. American Express Gold Card
- Annual fee: $250
- Authorized user fee: $0
- Rewards: 4x points at restaurants, 4x points at U.S. supermarkets, 3x points on flights booked directly with airlines or on amextravel.com, 1x points on other purchases
Though the American Express Gold Card has a higher annual fee, authorized users can enjoy the impressive rewards program without incurring any additional costs.
Best Credit Cards For Authorized Users Example:
Imagine that you and your spouse are looking to add each other as authorized users to your respective credit card accounts. After reviewing different options, you decide to choose the Capital One Venture Rewards card for its simplicity and absence of an authorized user fee. You can both now enjoy earning 2x miles on all purchases and redeem them for travel expenses, making it easier to plan and save for vacations. As authorized users on one another's accounts, you're also helping each other build credit by maintaining responsible spending habits and timely payments.
We hope this guide has provided you with valuable insights into the best credit cards for authorized users. By comparing rewards, fees, and credit reporting, you can now make an informed decision based on your specific needs and preferences. Don't forget to share this article with friends and family who may also be considering adding authorized users to their credit cards. Remember, Flik Eco is here to support you with a wealth of personal finance tips and advice, so be sure to explore our other articles as well. Happy credit card hunting!
