Primary Cardholder
GeneralGlossary term
Definition
The person who applied for the credit card and is legally responsible for all charges, including those made by authorized users. Account appears on their credit report.
Related terms
- Authorized UserA person who is added to someone else's credit card account and can make purchases but is not legally responsible for paying the bill. Being added as an authorized user can help build credit because the account's payment history may appear on the authorized user's credit report. This strategy is commonly used by parents to help their children establish credit.
- LiabilityA financial obligation or debt owed to another party. Liabilities include mortgages, auto loans, credit card debt, and student loans.
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