Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
Re: What are the PRO's / CON's of AU vs. JOINT CC's?
[ Edited ]
AU - you can use the card but won't get credit for it, so if the primary screws up you won't take a score hit (this comes into force next year).  I have my daughter as an AU so she can use the card in emergencies, and I can easily "transfer" money to her by letting her use it.  May people who have a lot of AU cards but none of their own will suffer when AU status no longer affects score.  They will need to start building their own history
 
Joint - it is your card, it affects your score, good and bad.  Nearly everything my wife and I have is joint, so we are both establishing better credit every year.  If the co-joint screws up - you take the blame


Message Edited by MidnightVoice on 11-01-2007 10:58 AM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid