If you’re looking to improve your credit score and gain access to funding for your business, becoming an authorized user on someone else’s credit account could be a game-changing move—especially if you’re just starting to build credit or trying to repair it.
What Are Primary Accounts?
Primary accounts are the foundation of a strong credit profile. These include revolving credit cards such as:
- Discover
- Capital One
- Freedom Unlimited (Chase)
- Cash Rewards (Bank of America) and other similar types of credit cards, as well as personal loans.
However, it’s important to note that charge cards—like certain American Express cards—do not count as primary accounts when it comes to credit building strategies like tradelines.
What Is an Authorized User?
An authorized user is someone who is added to another person’s credit card account (the primary account holder) in order to “inherit” some of that account’s positive credit history. This strategy can help increase your credit score without you actually using the card or being responsible for the payments.
If you have:
- A short credit history
- A low credit limit
- Or no credit at all
Becoming an authorized user on a well-established account can dramatically improve your profile.
What Should You Look for?
To maximize the impact of this strategy, look for a credit account that has:
- More than 10 years of history
- A credit limit over $10,000
- Low utilization (under 30%)
This helps improve your credit in two key areas: age of credit and available credit.
Important: If you’re the primary account holder, adding an authorized user will not hurt your credit, but if you’re using more than 30% of your available credit, that can negatively affect the score of your authorized users. Also, it’s best to limit the number of authorized users to three or fewer.
What If You Don’t Know Anyone with a Suitable Account?
No problem. There are companies that sell access to high-quality tradelines (authorized user accounts), such as:
- www.coasttradelines.com
- www.tradelinegenie.org
Just remember:
These accounts usually stay on your credit for 30 to 60 days, depending on the provider.
You need to have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to benefit from this method.
Take Action: Improve Your Credit and Get Business Funding
Improving your credit is the first step toward securing funding for your business. With the CREDITON course by Jose Kalil, you’ll learn exactly how to use strategies like authorized users, primary accounts, and more to build strong credit and access funding through business credit cards, lines of credit, and SBA loans.
👉 Take control of your credit today. Join the CREDIT ON program and unlock the financial future your business deserves.