Many credit card issuers report authorized user accounts to the credit bureaus. This implies the account history will pop up on your credit card report. If you want opt-out of being an authorized user because of some reasons outlined below, here’s how to remove yourself as an authorized user on a credit card.
Benefits of being an Authorized User
As an authorized user on a credit card, you have all the privileges that come with using the credit card without the responsibility of making payments toward the balance.
Some credit card issuers, report authorized user accounts to the credit bureaus and the account history gets displayed on your credit report.
The account history on an authorized user account can help your credit if the credit card is well managed.
How it can negatively affect you
Late payments and high balances can hurt your credit score even though you’re just an authorized user.
Possible Reasons you may want to be Removed as an Authorized User
- When your being an authorized user is hampering your ability to get approved for other credit cards and loans. Removing yourself, enables you to have the account removed from your credit report.
- If having the account on your credit report is negatively affecting your credit score.
- Maybe you’re ending your relationship with the primary account holder and you want all ties eliminated.
- In case you were added without permission.
How To Remove Yourself as an Authorized User on a Credit Card
Start by putting a call across to the credit card issuer and ask them to remove you from the account. Some banks will grant you this change even as an authorized user.
If the credit card issuer requires the primary cardholder to be the one to make this move, ask the primary cardholder to call the bank and ask them to remove you as an authorized user.
I’m casing the company refuses to remove you without the primary cardholders permission or the primary cardholder won’t call to have you removed, use the credit report dispute process to have the account removed from your credit report.
Immediately you’re removed from the account, you’ll no longer have access to make purchases on the credit card account. You are to shred any physical copies of the credit card to forestall any fraudulent purchases being made on the account.
After the removal as an authorized user, if the account still appears on your credit report, you can dispute the account to have it removed. Thus, the entire history of the account will drop off your credit report and will no longer be used to calculate your credit score.