Get Penfed Authorized User

A primary cardholder can make anyone a PenFed Power Cash Rewards authorized user, as long as they are at least 15 years old. There is a limit of 3 authorized users allowed on the account, though.

Most credit card companies report an authorized user's credit activity to the three major credit bureaus in the U.S. (Transunion, Experian and Equifax). Positive account activity like on-time payments and low credit utilization will benefit an authorized user's credit as long as it's reported.

For the authorized user, we'll report this account as an authorized user's account to credit reporting agencies, which can affect her or his credit score. We'll send all correspondence (including cards, statements and notifications) to the primary account holder's address.

Where PenFed personal loans fall short. Reports payments to only one major credit bureau: PenFed only reports payments to Experian, which is a rare drawback among lenders. This means if your credit report is pulled from TransUnion or Equifax, it won't show your personal loan's payment history.

Adding Authorized Users Select and complete the appropriate form for your card type: Credit Card Authorized User Request - (Form L-657) ... Review the form for accuracy, sign, and date it. Upload the form at PenFed.org/secureupload using the Card Services Category and the appropriate Document Type:

Any access that an authorized user has comes from permissions that you as the primary account holder grant. So while an authorized user may be able to make transactions and redeem rewards on the account, they can never take over the account and remove you as the primary account holder.

Here are the most common credit card issuers — major banks, credit unions, and smaller and online banks — that do share the primary cardholder's account activity to authorized users' credit reports: American Express – authorized user must be at least 18 years old. Bank of America.

A primary cardholder can make anyone a PenFed Power Cash Rewards authorized user, as long as they are at least 15 years old. There is a limit of 3 authorized users allowed on the account, though.