A boost to your rewards: When authorized users make purchases with their Wells Fargo card, those charges go onto your account.They’ll get the benefits of positive credit history without having to qualify for a card themselves. You can help these consumers build their credit scores by adding them as authorized users. This often happens with young adults who haven’t yet applied for their own credit cards or taken out any loans. Building credit scores: Some people don’t have enough of a history to have a credit score.When you make an on-time payment on your Wells Fargo card, that payment is reported to the national credit bureaus, which will provide a boost to your credit score and the scores of any authorized users. Credit score boost: When you add authorized users, you can help them repair damaged credit.There are both risks and rewards for adding an authorized user to your Wells Fargo card. Should you add an authorized user to your Wells Fargo card? Good news: There are no fees for adding an authorized user to your Wells Fargo credit card. Is there a fee for adding an authorized user to your Wells Fargo credit card account? You can then click the “Additional cardholders for your account” link, which will allow you to add authorized users. After logging in, click on the “Account Services” tab and then click “Credit Card Service Center.” Next, click on the “Request credit card features” heading. You can easily add an authorized user to your account by first logging on to Wells Fargo Online Banking. To add authorized users, you must provide their name, address, date of birth and Social Security number. This includes family members, of course, but can also include friends, employees or anyone else you’d like to add. You can add anyone as an authorized user to your Wells Fargo credit card account. How to add an authorized user to your Wells Fargo account Just be careful: While adding authorized users can help others build or repair credit, it could leave you with some financial pain if your authorized users don’t follow your spending rules. Every time you make an on-time payment on your card, it’s reported to the three national credit bureaus: Experian, Equifax and TransUnion. You’d add an authorized user to your Wells Fargo credit card to help that user build or repair credit. But when they make purchases with this card, the charges go onto your account. When you add an authorized user to your account, that person receives a credit card in the mail with its own unique number. This can all happen if you add friends or family members – or anyone else – as authorized users to your Wells Fargo credit card account.Īn authorized user is someone who has access to your credit card account. But did you know that your payments could also help increase the credit score of a family member or friend with a lower score? Or that your payments could help your children build their own credit scores? You already know that your on-time Wells Fargo credit card payments boost your credit score.
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