It will be reported on both individual’s credit reports.
So, simply adding authorized users to your credit card accounts will not have a negative effect on your credit report or credit scores.
If the account remains positive with a low balance, it can certainly help someone like your daughter who is trying to establish her credit history.
The same is true about adding someone as a joint account holder.
My husband, Mark, and I, together with our team of experts believe that we’ve created a solution that will not only meet our needs but also those of other working moms, stay-at-home moms, grannies or nannies.
After all, we’re all just trying to give our children the best start in life.