DeFi Daily News
Monday, July 7, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Personal Finance

rewrite this title What Happens to Authorized Users When the Primary Credit Card Holder Dies? – NerdWallet

Sara Rathner by Sara Rathner
July 3, 2025
in Personal Finance
0 0
0
rewrite this title What Happens to Authorized Users When the Primary Credit Card Holder Dies? – NerdWallet
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Being an authorized user on another person’s credit card can help you establish your credit history. Parents might add their children to help launch them into adulthood. Or spouses may share an account, with one spouse as the authorized user. But if the primary cardholder passes away, the authorized user is left with a card in limbo.

After my grandfather passed away earlier this year, my grandmother — a longtime authorized user on her husband’s cards — was left without any in her own name. What followed was a brief scramble to figure out whether she could qualify for a new card, given the credit history she’d established.

In her case, she was able to qualify for several cards, but it was a mixed bag in terms of how issuers responded. One immediately offered the same card, under a new account in her name. Another asked her to reapply, rejected her, and then later approved her after another attempt at applying.

If you’re an authorized user, having a plan in place in case the primary cardholder’s account is closed for any reason (including death, as difficult as that can be to talk about), is a smart move.

Here’s what to expect if you’re ever in this situation.

You won’t be responsible for any debt

If the primary cardholder was in credit card debt, don’t stress. You’re not on the hook for any of it.

According to Drew Tsitos, manager of credit card products at Navy Federal Credit Union, the debt would be paid out of the deceased’s estate. “A true authorized user is simply authorized to use the account, but is not directly responsible for the health of the account or the payment.”

However, if you’re also a beneficiary of the estate, you can be affected. Any debts the estate must pay down will lower the sum of money you could receive. And in community property states, spouses may be responsible for credit card debt incurred during their marriage, the Federal Trade Commission notes.

You can find a full list of community property states on the IRS.gov website.

Stop using the card and call the issuer

If the deceased was your close relative, such as a spouse or parent, you might be the one taking on the task of settling their financial affairs. Notify the credit bureaus and the banks or credit unions they had cards with of their passing.

(They might find out by other means, like a notification from the Social Security Administration, but it’s worth speaking to them so you know how to proceed with account closures.)

Check your credit reports

Tsitos recommends checking your credit reports to see which reports show the card or cards on which you were an authorized user. He says that card issuers handle authorized users differently when it comes to reporting payment activity to bureaus.

Once the issuer closes the deceased person’s card, you’ll see a closed account on your credit report. This could ding your credit scores temporarily, similar to what could happen if you were to close a credit card of your own.

“You will see some variance,” Tsitos says. “That’s totally normal.”

Apply for a new credit card

If you’d like your own card account, the next step is to look for cards and apply. The application will ask for your financial information, and this can be tricky if you’re a nonworking spouse or you’re retired and don’t work for income.

However, you can report income from investment dividends and interest, withdrawals from retirement accounts, Social Security, public assistance or even money you receive as support from someone else (say, financial help from another relative).

One place to start is the issuer of the card you were an authorized user on, since you’re somewhat “known” to that bank. You can also consider a secured credit card, which can be easier to qualify for if you have limited credit history.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AuthorizedCardcreditdiesHolderNerdWalletprimaryrewritetitleUsers
ShareTweetShare
Previous Post

rewrite this title No Cheap Power for Miners: IMF Blocks Pakistan’s Proposal

Next Post

rewrite this title Would you trust Ripple as your bank

Next Post
rewrite this title Would you trust Ripple as your bank

rewrite this title Would you trust Ripple as your bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title with good SEO Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details | Bitcoinist.com

rewrite this title with good SEO Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details | Bitcoinist.com

July 7, 2025
rewrite this title and make it good for SEOCGDG ETF: A Global Dividend Grower With Active Edge And Smart Diversification

rewrite this title and make it good for SEOCGDG ETF: A Global Dividend Grower With Active Edge And Smart Diversification

July 7, 2025
rewrite this title Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin – The Daily Hodl

rewrite this title Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin – The Daily Hodl

July 7, 2025
rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

July 7, 2025
rewrite this title Gueye signs new Everton contract – Soccer News

rewrite this title Gueye signs new Everton contract – Soccer News

July 7, 2025
rewrite this title Cloudflare’s bot paywall could ignite a tokenized content gold rush

rewrite this title Cloudflare’s bot paywall could ignite a tokenized content gold rush

July 7, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.