Adding my sister as an authorized user on the Chase Sapphire Preferred helped increase her credit score by 20 points — but financial responsibility was key

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Adding my sister as an authorized user on my Chase Sapphire Preferred helped me earn bonus points, and it increased her credit score by 20 points

I added my sister as an authorized user on my rewards credit card to earn extra points on the Chase Sapphire Preferred Card. In turn, she saw her credit score go up by 20 points. However, adding an authorized user — or being one — can be risky if you don't use the credit card responsibly, so do this at your own risk. Read more personal finance coverage. It can be hard to build credit from scratch, especially when you're young.

I added my sister as an authorized user on my rewards credit card to earn extra points on the Chase Sapphire Preferred Card. In turn, she saw her credit score go up by 20 points. However, adding an authorized user — or being one — can be risky if you don't use the credit card responsibly, so do this at your own risk. Read more personal finance coverage. It can be hard to build credit from scratch, especially when you're young.

Source: Loan Digest (loandigest.net)

 

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