Quick Answer: Should I Get A Joint Credit Card?

If one of the cardholders doesn’t have as good credit as the other, they can take advantage of the joint account holder’s higher credit scores to gain access to better interest rates and higher credit limits on a credit card.

A joint account can help improve your credit.

Is it possible to have a joint credit card?

Joint accounts there are rare, and getting rarer. Issuers generally prefer that a credit card account be the responsibility of a single individual. As a result, few issuers offer joint accounts. And even those that offer the functional equivalent of a joint account don’t usually call it a joint account.

Does a joint credit card affect both credit scores?

“There’s no such thing as joint credit score,” says Sprauve. Joint accounts “will impact each of the individuals’ credit scores.” That’s great news if it’s an account for a card with a $10,000 limit neither of your ever uses. That will boost both your scores.

Should married couples have joint credit cards?

Partners who have a joint credit card account are equally responsible for paying off the balance. For this reason, it’s important to trust the person you open a joint account with. Joint accounts are most commonly used by spouses who share their finances and don’t mind having the same credit limit.

What is the best joint credit card?

The best credit card for couples is the Citi Double Cash Card. That’s because it’s one of the best cash back cards on the market, offering a $0 annual fee and a couple percent back on every purchase. You get 1% back on all purchases and another 1% when you pay.