How Many Authorized Users Can Be on a Credit Card?
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If you’re like most people, you probably have more than one credit card. But how many authorized users can be on a credit card? Read on to find out.
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Types of Credit Cards
The credit card industry offers many different types of cards to consumers, each with their own set of benefits and perks. One type of card that you may be considering is an authorized user card. But how many authorized users can be on a credit card, and what are the benefits of having one?
Standard Credit Cards
Standard credit cards are the most common type of credit card. They typically have lower interest rates and annual fees than other types of credit cards, making them a good choice for people who carry a balance from month to month. Standard credit cards also tend to offer more rewards and perks than other types of credit cards.
Business Credit Cards
A business credit card is a tool that can help manage and streamline business expenses. Typically, these cards offer perks such as cash back rewards, discounts, employee cards at no additional cost and the ability to track expenses by category. When used responsibly, a business credit card can be a valuable asset to your business.
Whether you’re a sole proprietor or have a large team, there’s a business credit card out there that can fit your needs. We’ve rounded up our top picks for the best business credit cards of 2020 so you can compare features and decide which one is right for your business.
Top Business Credit Cards of 2020:
-Chase Ink Business Preferred Credit Card: Best Overall
-Capital One Spark Cash for Business: Best for Earning Cash Back Rewards
-American Express Blue Business Cash™ Card: Best for No Annual Fee
-Bank of America® Business Advantage Travel Rewards World Mastercard® credit card: Best for Earning Travel Rewards
How Many Authorized Users Can Be on a Credit Card?
Most credit cards will allow you to have at least two authorized users on your account. This can be helpful if you want to share the benefits of your credit card with a spouse or family member. Authorized users will have their own credit card, with their name on it, that they can use to make charges on your account. You will be responsible for paying the bill, but the authorized user can help you earn rewards or take advantage of special offers.
Standard Credit Cards
A standard credit card issuer such as Visa, Mastercard, or American Express will generally allow anywhere from one to five additional authorized users on a credit card. Some issuers may allow more than five authorized users, but this is generally not the norm. If you are looking to add more than five authorized users to a credit card, you may want to consider a business credit card, which typically have higher limits for the number of authorized users that can be added.
Business Credit Cards
Depending on the issuer, business credit cards generally allow for a minimum of two and a maximum of 99 authorized users. Prior to adding any authorized user to your account, you’ll want to pull their credit report to make sure they don’t have any negative marks that could potentially damage your business credit score.
