- 1 how to add authorized user chase
- 2 Joint accounts, authorized users, guarantors: 3 ways to share credit card accounts
- 3 Can You Can Add Someone as an Authorized User Who Already Has the Same Credit Card?
- 4 8 Ways to Sidestep the Chase No-Cash-Deposits Policy
- 5 how to add authorized user chase
OK, I made some tweak on your playbook, and here is the revised version
Some changes note:
- On authorized_key module, the key was changed to item.stdout . The stdout was public key that you need.
- On authorized_key module, I defined ignore_errors: yes to resume playbook execution whenever the your curl task failed to fetch, either internet problem or 404 Not found (like tmessins's key). Of course you can tweak it by controlling what defines failure so it still failed when other error happened.
As of Ansible 1.9, the value for key can be a url, obviating the need for curling the url via the shell module.
Want to to share a card account with a spouse, help your college student build credit, or provide a card for a contractor or baby sitter?
Lucky for you, credit card issuers provide a lot of opportunities to share credit with another person (or sometimes a few other people). Yet these options differ widely, as does the terminology issuers use to describe them. Read on for the various forms shared accounts take – and a chart showing what major issuers offer.
While the terminology varies across issuers, your options for sharing an account boil down to these:
Some issuers also call these “co-signed” accounts. Not all issuers surveyed for this story offer this option.
How it works: Two parties apply for a card together. Both have charging privileges, and both have full responsibility for the balance.
Pros: In addition to being a way for two people (a married couple, for example) to share expenses and gang up to earn more rewards, this can be a good way for an applicants with less-than-perfect credit to get a card. Because the bank will review both applicants’ credit history, someone with good credit can prop up the other applicant’s bad credit.
Risks: If the account balance doesn’t get paid, collectors will come after both parties, no matter who made the charges – and both parties will be dealt a credit-damage blow. In divorce, things can get especially messy.
Credit report/score implications: For the most part, these accounts behave just like any other revolving account on your credit reports and show up on both individuals’ credit files, according to Meredith Griffanti (senior director of public relations for Equifax) and Rod Griffin (director of public education for Experian).
On your Experian report, the only difference is the “account association,” Griffin says. Because every account lists your relationship to it, expect a notation of “joint,” “signer” or “joint with” plus the name of the other account holder. (For example, the photo at the right shows how a co-signed/joint account appears on my own Experian credit report.)
When the account is closed, it also behaves like an account you hold on your own, Griffin and Griffanti say – that means, if it’s paid as agreed, it will stay on your report for 10 years form the date of last activity. If it wasn’t, it will remain for seven years from the date of last activity.
As for your FICO score, joint accounts factor into it the same way an individual account does, says FICO spokesman Anthony Sprauve. And if the account becomes delinquent or goes into collections, Sprauve says, “both joint account holders are penalized equally” by FICO’s scoring algorithm.
All the major issuers surveyed for this story offer this as an option.
How it works: An existing account holder can add authorized users (how many depends on the issuer) to the account. These users can make charges, but they have no responsibility for paying the balance. Because additional users can generally be easily removed without closing the account, an authorized-user arrangement can be a good way to provide a card to your college student, contractor or nanny.
Pros: This arrangement has advantages for primary account holders and users alike.
For main account holders, authorized-user relationships can offer the perks of sharing credit with some additional controls. For example, American Express (a CreditCardForum advertising partner), allows the main account holder to set custom spending limits for each additional card, says Elizabeth Crosta, vice president of public affairs for American Express.
While all the additional cards on an American Express account are tied to the main account, the main account holder still gets privacy.
“The main account holder can see every transaction on that account,” Crosta says. “If the child or the nanny or the contractor registers the card online, they can see their own transactions, but they can’t see the main account holder’s transactions.”
Plus, if cards are issued in the user’s name with a unique card number, there’s less hassle if someone on the account loses their card.
“I lost three cards last month, and my husband’s account wasn’t impacted, and neither was my nanny’s,” Crosta says.
The authorized users, meanwhile, get charging privileges as well as credit-boosting benefits. The account appears on the authorized users’ credit reports, and, assuming the main account holder pays the balance on time, the users will get a credit boost. That’s a boon for anyone with thin credit history, including young people (the under-21 crowd has extra hoops to jump through to qualify for a card on their own).
“Nowadays, when it’s so hard as a young person to get credit, this is a great way as a parent to give your child the opportunity to start building a credit history once they’re 18,” Crosta says.
Risks: Main account holders risk having the authorized user run up unexpected charges and leaving them with the bill (since authorized users have no responsibility for paying the balance). Authorized users, meanwhile, risk credit damage if the main account holder is irresponsible with the account.
Credit report/score implications: Authorized user accounts, unlike joint accounts, don’t behave exactly like individual accounts when it comes to credit reports and credit scoring. In addition to contributing less to FICO scores, the time they fall off an authorized user’s credit reports (after the user is removed) differs. We provide a detailed breakdown of all these credit-scoring and credit-reporting implications of authorized user accounts here.
This is a rare variation, and only one bank surveyed for this story offers it.
How it works: This arrangement is most similar to getting a co-signer on a loan. You’re basically asking someone to vouch for you if you fail to pay, without getting any privileges in return. Guarantors submit to a credit check along with the account holder, become responsible for the account if it becomes delinquent but do not have charging privileges.
Pros: Helps those who wouldn’t normally qualify for credit to get a card. Can be a way for parents to help young-adult children get a card while they’re under 21.
Risks: Because the guarantor has no charging privileges, it can be easy to forget to track purchases on the account, even if they do have the ability to view transactions. The first time the guarantor hears something is wrong might be when the account goes into collections and starts messing up their credit.
Credit report/score implications: Accounts with a guarantor are weighted the same in FICO’s scoring algorithm as accounts without one, according to Sprauve. As for such accounts’ appearance on your credit reports, Experian’s Griffin and Equifax’s Griffanti say such an account would appear on both parties’ credit reports as a co-borrower arrangement, regardless of whether the account is in good standing or delinquent.
We reached out to several major issuers to find out which credit card account-sharing options they offer. More issuers will be added to the table as we hear from them.
Can You Can Add Someone as an Authorized User Who Already Has the Same Credit Card?
There are a variety of reasons why a credit cardholder would want to add an authorized user.
For some, it’s a means to a better credit score thanks to the piggybacking that takes place if the person authorizing the user has good credit.
For others, an authorized user could open the door to more cash back rewards if their significant other uses the card. My wife is an authorized user on my Old Blue Cash Amex because it earns 5% back on gas, groceries, and at drugstores.
Obviously I don’t want to have to be there all the time for her to earn 5% at the pump, or 5% while shopping at the grocery store. Essentially our cash back earnings get multiplied by her having access via the authorized user account.
Yet another reason to add an authorized user is for things like Amex Offers, where you can earn cash back savings for buying certain stuff.
Before our wedding, I signed up all of our authorized user accounts to that awesome Smart and Final deal where you received $25 back for spending $50. Most people just bought gift cards.
For us, it meant nearly all of our booze for the wedding was half price. We had about
10 cards that we were able to load the offer to so it paid major dividends.
That brings us to the final reason (that I will mention in this post) to add an authorized user. Many credit card companies, especially Chase, will offer a bonus if you add an authorized user to your new card account within a specified period of time.
For example, Chase Sapphire Preferred comes with 5,000 bonus Ultimate Rewards points if you add an authorized user within three months of account opening and make a single purchase.
So on top of whatever bonus you get for opening the card yourself, you can snag another 5k points for simply getting a card for your spouse or sibling and making any small purchase.
Those 5k points can certainly come in handy if you need them while transferring points to a frequent flyer program. They’re also worth $50 if you redeem them for cash. So it’s pretty much a no-brainer.
But suppose your spouse/sibling already has the Chase Sapphire card. Can you still make them an authorized user on YOUR Chase Sapphire card and earn the 5k bonus?
The answer is yes. The idea being that authorized and primary cardholders are different and both may add their own value to the individual user and card issuer. After all, two people with one card means a greater chance of spending.
Get the Opening Bonus Despite Being an Authorized User
Additionally, someone who is an authorized user but never primary should also be able to get the bigger opening bonus if they were to apply for a primary card for the first time as well.
So if someone were only an authorized user on a Chase Sapphire card, but later wanted their own card, again, because they may want to control their own account for whatever reason, they should be treated as a new cardmember and entitled to the opening bonus.
Between two people, they should be able to earn nearly 120,000 UR points if they both add one another as authorized users and meet minimum spend when the 50k offer is in effect.
- 50k bonus for spending $4k (x2) = 108,000
- 5k for adding authorized user (x2) = 10,000
- *5k for referring that person = 5,000
- 118k-123k Ultimate Rewards points
You could potentially earn 123,000 points together if one person refers the other and gets another 5,000 bonus points. That 123,000 points would be good for $1,230 in cash or a whole lot of free travel.
Note: Just be careful of the 5/24 rule that applies to Chase cards that earn Ultimate Rewards. Adding someone as an authorized user may push them over this limit, though I’ve heard you can ask for an exception if this is the case.
Colin created this blog after spending several years in a job that required him to scour credit reports on a daily basis. His goal is to help individuals better understand their credit and get the most out of credit cards. View all posts by Colin Robertson
8 Ways to Sidestep the Chase No-Cash-Deposits Policy
Ever since Chase ended its policy of allowing people to make cash deposits into accounts other than their own, angry consumers have expressed frustration and anger over the move. The Chase no-cash-deposits policy has sparked a lot of conversation about why the bank changed its rules and what it means for customers.
"This is a crazy rule for everyday parents like my dad, who would deposit money in my account for emergencies."
"Trying to force everyone to use QuickPay or else they won't receive their funds. That's kind of like taxing our currency if we let it happen. I will definitely close my Chase Bank accounts. There are way too many other banks begging for our business."
"This is incredibly stupid on so many levels. Make people get money orders if they want to deposit $10,000 or more. Or let customers have a list of people on their account that are allowed to deposit money once they show an ID. My husband can't make a deposit into my account unless he is on my account?"
"My father in another city deposits cash to me all the time. I deposit cash into my mother-in-law's account all the time. But now we have to get a money order or something and their money orders are $5? This is bull. I should have the right to deposit cash in anyone's account that I want to."
That's a sampling of some of the comments Chase customers have left since we broke the news that America's largest bank by assets was changing the way customers could make cash deposits. Since March 3, Chase customers wishing to make a cash deposit into a personal account not only have to provide an ID, but now must also be an authorized signer or owner of the account. There is no change on the deposits of checks.
Chase said it shifted its policy on cash deposits to combat misuse of accounts, including money laundering. Understandably, Chase customers are upset that they can't deposit their own cash into someone else's account. What alternatives do frustrated customers have?
"They can deposit personal checks, cashier's checks and money orders," said Suzanne Ryan, a spokeswoman for Chase. "They can use Chase QuickPay online. They can add an authorized user to their account."
Whether you're a parent hoping to deposit money into a child's account, a friend needing to help out a loved one, or a relative looking to send a one-time monetary gift, Chase's no-cash-deposits policy might severely affect the way you send money. Here are a few options to help you sidestep the new policy.
1. Tell your loved one to open a Chase account
Telling your loved one to open a Chase account might work if, say, you want to send money to a child who has no bank account currently or if your loved one is unhappy with his or her current bank. Of course, critics of Chase's no-cash-deposits policy might cry foul at such a suggestion because it's your money, right? Why should you force a loved one to open a Chase account just to transfer money to that person with your hard-earned cash? There's no good answer to that question. However, if you plan to transfer funds frequently, this might be the easiest way to sidestep Chase's no-cash-deposits policy.
2. Add authorized users to your account
Another way to sidestep the new rule is to add an authorized user to your account. Adding an authorized user essentially gives the individual access to your financial account. Parents and couples add authorized users to their bank or credit card accounts all the time. Adding an authorized user to your account has pros and cons. The biggest upside to adding an authorized user to your Chase account, of course, is convenience. You won't have to utilize any time-consuming or costly methods -- like getting a money order or cashier's check -- to sidestep depositing money into your loved one's account.
There are drawbacks, however, to adding an authorized user to your account. The biggest drawback: The primary account holder is legally liable for everything an authorized user does. If you add a relative to your account and he or she goes on a spending spree, you're out of luck. That bill still has to get paid and as the primary account holder, it's your ultimate responsibility to ensure that happens.
Another way to sidestep Chase's new cash deposit policy is to write a check. Of course, some people might say no one writes or carries checks these days. More problematic, though, is the time it takes for a check to clear at a bank. A bank will consider your account history, balances, dollar amount, and the type of check being deposited when determining whether to place a hold on a check. Even if everything looks OK, it might take up to five business days for the check to clear. If someone needs money immediately, writing a check isn't going to help.
Cashier's checks are more secure than personal checks because funds are guaranteed by the bank that issues the check. Unless the bank suspects the check is fraudulent, funds from a cashier's check are usually available to you by the next business day. But because of that guarantee, as you might expect, cashier's checks come at a price. A cashier's check costs an average of $9.10 at America's 10 largest banks. Sending someone money via a cashier's check might be an option if it's a one-time deposit and you don't mind paying the fee. Otherwise, it's not plausible for everyday or regular transactions.
Money orders are an acceptable form of payment if you can't write a personal check or it's not safe to do so. Why would you choose to use a money order instead of a check? Checking accounts are more convenient, but you might consider using a money order if you want a more secure form of payment than, say, a personal check. You can purchase money orders at the post office, some retail stores, grocers, and the like. Of course, the major downside to a money order is that it costs money -- fees can range between $0.50 to $10. There is also a maximum amount you can include on a money order, which is $1,000. Plus, you might get tricked into purchasing a fake money order if you're not careful. And just like with a personal or cashier's check, the funds won't be available immediately.
6. Use your loved one's ATM card
If you need to quickly deposit cash into a loved one's account, you can use his or her ATM card. Of course, it's a potentially dangerous situation because you should never share your personal information with anyone. After all, you never know what a loved one can do with, essentially, access to your account and money. But if you really trust your partner or child, it's a way to get money quickly. It won't help if you and your loved one live far away, though.
Some critics of Chase's new no-cash-deposits policy have suggested that the bank made the switch in order to get users to sign up for its online service, QuickPay. With Chase QuickPay, you can send money to another person -- virtually anyone with an email address, the bank says -- or request money from someone else without cash or checks using a smartphone, tablet, or computer. There are no fees for users and you don't need a Chase account to use the online service, but the big downside is that at least one person involved in the transfer must have an account at the bank. While using QuickPay is instant, the actual transfer of funds isn't always quick. The deposit still must be cleared before going through.
If you want to avoid going to a bank or ATM and your recipient doesn't need the funds right away, QuickPay might be a good option for you. If you're hoping to send money off to someone quickly, though, QuickPay might not live up to its name.
8. Use another peer-to-peer service
PayPal is the most popular person-to-person online payment service, but funds aren't always immediately available. If the sender already has the funds in his or her PayPal account, the money is available for the recipient immediately. But if the money has been sent via eCheque -- which might happen if you don't have a card and bank linked to your account -- it will take three to five business days for the funds to show up. If you send money to someone through PayPal but have no balance left in your account, you can send money via your checking account. However, the transaction might take a few days. It depends on the bank and whether both accounts linked to PayPal have been verified. Plus, depending on how you transfer money, you might get hit with a fee.
PayPal isn't the only person-to-person online payment service. Other alternatives include Google Wallet, Amazon Payments, Skrill, and Payoneer. But just like with PayPal, these online payment services have pros and cons including cost and ease of use.
While each of these eight options listed might allow you to sidestep Chase's no-cash-deposit policy, if you're spending too much time or money trying to circumvent the problem, you might consider switching banks.
This article originally appeared on MyBankTracker.
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A few weeks ago, my wife received an email notification from DiscoverCard informing her that she needed to provide my address, date of birth and social security number in order for me to continue to be an authorized user on her account:
Historically, Discover has allowed authorized users to be added to an account without furnishing this information, however as of Summer 2015, you’re now required to provide the information Discover has requested. Previously you could add up nine authorized users and now you’re limited to five. Do these changes really have that much of an impact and what is their significance?
Here is my speculation on why they’ve made these changes and what you should be concerned about with the shifty in the authorized user policy at Discover:
Decrease in Authorized Users on an Account From 9 to 5 – My gut says this change is purely due to how Discover account holders use their accounts and very few, if any, have more than five authorized users. Looking across all of my credit accounts I only have one card (my SPG Business Amex) with more than five authorized users. Every other card I have one or two authorized users, no more. The same holds true for all of my family members as well. This can probably be filed under “if it isn’t being used, let’s make a change so that it more realistically lines up with how our customers use our product.” Perhaps Discover saw higher amounts of fraud or payment issues on card accounts with a high amount of authorized users. Again, pure speculation, but a possibility
Requiring Address, D.O.B., And SSN for All Authorized Users – Frankly, I’m surprised this hasn’t been a requirement since day one, and I don’t understand the value for a credit card company in allowing their customers to add authorized users without supplying this information. Don’t get me wrong, I like the fact that I was able to have a card account and not have it report to my credit for two reasons:
- I didn’t need a new account reporting on my credit file
- I don’t want my average age of accounts to drop
For someone that constantly makes changes to their credit portfolio, adding and dropping accounts can be a burden and a potential red flag to creditors that want to know about each change to your credit report.
If you’re new to credit or looking to build up a credit file you’d have the opposite reaction where you want healthy credit accounts reporting to your credit file. Having the account added to my credit file wouldn’t likely have any noticeable impact to my credit score, but may cause a potential new creditor to choose to not allocate me additional new credit based on the current credit I have available.
As for my wife’s account and my authorized user card, we’re not furnishing my information. I don’t need to be an authorized user on her account and I don’t need the account reporting to my credit reports. I have her card account saved within Apple Pay on my iPhone if I need to charge something to the account.
What would you have done in my situation?