topic Re: Joint Credit Card in Credit Cards

Joint Credit Card

Anonymous — Fri, 02 Mar 2012 18:16:07 GMT

How does Joint Credit application work? I recently applied for AMEX and got denied (probably my low credit score, mid 600s). My wife and I are trying to open up a joint credit card account with cahse, most likely chase freedom. Wife has credit score above 720. and here's my questions.

Will they consider my low credit score to deny both of us? Or are they gonna say we approve her, but you can't have an account with us. How does that work?

Re: Joint Credit Card

RyVision — Fri, 02 Mar 2012 18:31:07 GMT

If she's the primary applicant they won't take your info into consideration. They'll work from her score and CR. However you will be a joint owner of the account, not just an AU, therefore you will also be responsible for the account. It will also show up on your CR.

Re: Joint Credit Card

Anonymous — Fri, 02 Mar 2012 19:50:59 GMT

Thanks for the info Vision. Will they do Hardpull on my report as well? or just hers?

Re: Joint Credit Card

tntexans72 — Fri, 02 Mar 2012 21:27:07 GMT

@Anonymous wrote:
Thanks for the info Vision. Will they do Hardpull on my report as well? or just hers?

Best thing to do is let her app...once she is approved, request a joint application and let her add you. They won't HP your CR.

Re: Joint Credit Card

LS2982 — Fri, 02 Mar 2012 22:17:37 GMT

@Anonymous wrote:
How does Joint Credit application work? I recently applied for AMEX and got denied (probably my low credit score, mid 600s). My wife and I are trying to open up a joint credit card account with cahse, most likely chase freedom. Wife has credit score above 720. and here's my questions.

Will they consider my low credit score to deny both of us? Or are they gonna say we approve her, but you can't have an account with us. How does that work?

Why not have her app and get approved and add you as an AU?

Re: Joint Credit Card

corymcd88 — Fri, 02 Mar 2012 23:12:24 GMT

@Anonymous wrote:
How does Joint Credit application work? I recently applied for AMEX and got denied (probably my low credit score, mid 600s). My wife and I are trying to open up a joint credit card account with cahse, most likely chase freedom. Wife has credit score above 720. and here's my questions.

Will they consider my low credit score to deny both of us? Or are they gonna say we approve her, but you can't have an account with us. How does that work?

Don't get Chase. Try AMEX or a local Credit Union, Discover.

Re: Joint Credit Card

Creditaddict — Sat, 03 Mar 2012 00:30:08 GMT

Many credit cards can't apply initially as a joint, most have to be opened and then you call in and request to add a joint applicant.. they will send out a paper form that original person fills out, adds your info and you both sign. Almost never is a HP done to add the joint person. but later if you want off joint, the account will have to be closed... most banks won't remove a joint person (Chase does but you both will get credit pulls and if the worse is declined and they are the one that wanted it, they will just leave it joint but if something else has changed and they don't like either of you anymore they will close it on the spot and will not re-open for anyone.

USBank, PNC, Nordstrom can be applied for as joint but I really suggest not, if your credit is bad you could get the app declined or get lower CL vs. if it's open your credit will never effect that account unless you bk.

After the fact of approve to add joint the following are who will off the top of my head:

Saks - HSBC

Neiman Marcus - HSBC

Chase

USBank

Nordstrom

PNC

Toyota Visa

American Express does not do joint but auth will still get on your report and will allow you to backdate later.

Re: Joint Credit Card

annalog — Sat, 03 Mar 2012 05:35:34 GMT

It really depends on which state you live in. Some states have rules for married couples applying for credit.

In some states, your spouse must sign. In others, it doesn't matter.

As was stated by previous posters, banks have "streamlined" their application process to only approve one person.

Just have her add you as an authorized user. Why go joint? If you ever divorce, then you are liable for the debt.

It's generally best if couples have their own credit and are responsible for their own credit. Saves alot of arguing over money later