How To Add Someone To My Wells Fargo Bank Account

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How to add together an authorized user to a Wells Fargo card

Adding an boosted cardholder tin can assistance boost rewards earning and build their credit

Published: March 1, 2022

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Summary

Calculation an additional cardholder can help y'all earn extra rewards while also boosting their credit, as long as you trust them to spend responsibly.

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You already know that your on-time Wells Fargo credit card payments boost your credit score. Only did you know that your payments could also assistance increase the credit score of a family member or friend with a lower score? Or that your payments could assistance your children build their own credit scores?

It's truthful. This can all happen if you add friends or family unit members – or anyone else – as authorized users to your Wells Fargo credit card account.

An authorized user is someone who has admission to your credit card account. When you add together an authorized user to your account, that person receives a credit card in the mail with its own unique number. Merely when they brand purchases with this card, the charges go onto your account.

You'd add an authorized user to your Wells Fargo credit card to help that user build or repair credit. Every time you make an on-time payment on your bill of fare, it'south reported to the three national credit bureaus: Experian, Equifax and TransUnion.

Just exist conscientious: While adding authorized users can help others build or repair credit, it could exit you with some financial pain if your authorized users don't follow your spending rules.

How to add together an authorized user to your Wells Fargo account

You tin add anyone equally an authorized user to your Wells Fargo credit carte account. This includes family members, of grade, just can as well include friends, employees or anyone else you'd like to add.

To add together authorized users, you must provide their name, address, date of birth and Social Security number.

You can hands add an authorized user to your account by offset logging on to Wells Fargo Online Banking. Later on logging in, click on the "Business relationship Services" tab and then click "Credit Card Service Center." Next, click on the "Request credit bill of fare features" heading. You tin can then click the "Additional cardholders for your account" link, which will allow you lot to add authorized users.

Is there a fee for adding an authorized user to your Wells Fargo credit carte account?

Skillful news: There are no fees for adding an authorized user to your Wells Fargo credit carte.

Should you add an authorized user to your Wells Fargo carte?

In that location are both risks and rewards for calculation an authorized user to your Wells Fargo card.

Pros

Credit score heave: When you lot add authorized users, you can assistance them repair damaged credit. When you brand an on-time payment on your Wells Fargo card, that payment is reported to the national credit bureaus, which volition provide a boost to your credit score and the scores of any authorized users.
Building credit scores: Some people don't take enough of a history to have a credit score. This often happens with young adults who oasis't all the same applied for their own credit cards or taken out whatsoever loans. You can assistance these consumers build their credit scores by calculation them as authorized users. They'll get the benefits of positive credit history without having to authorize for a menu themselves.
A boost to your rewards: When authorized users make purchases with their Wells Fargo carte, those charges go onto your business relationship. This can aid yous earn rewards and cash back bonuses at a faster rate.

Cons

Overspending: You lot are responsible for any charges made by your authorized users. If they refuse to pay yous for their charges, you'll have to make the payments – something that could bust your monthly budget.
A college credit-utilization ratio: Your credit utilization ratio – a measure of how much of your bachelor credit you are using – can aid or hurt your credit score. If that ratio is high, your score will take a dip. If authorized users run upwards your credit card balance and so don't pay you back for your charges, your credit utilization ratio could rising, and your credit score could autumn.
You could hurt your authorized users' scores, also: If you make a payment 30 days or more past your due date, your credit score could fall by 100 points or more. And if you have authorized users on your business relationship, their scores will fall, likewise. Just add together authorized users if yous're certain that you'll always make your credit bill of fare payments on time.

Bottom line

Adding an authorized user to your Wells Fargo credit carte could better the credit of your spouse, children or friends. But don't ignore the risks. If authorized users run up charges on your business relationship, you're the i responsible for paying them off.

The key? Add only authorized users whom you fully trust. And be sure to reach an agreement on how much these authorized users tin can accuse and when they must pay you dorsum for their charges.

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The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advert dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when yous click on links to products from our partners.