@Anonymous wrote:
My wife and I wanted to open a credit card each and add each other as the authorized user. It is important to us that the Credit Card statement shows the names of both the primary and the authorized user. We do not care as much to see the specific transactions made by the authorized user(since we are married and our finances are combined) but showing both names on the statement is a must. Which companies or banks still do that. I know Chase doesn't yet.
While I cannot answer this question as good as I would like to, BOA did not differentiate AU charges when I was one in the past, the card number was identical. May I ask why exactly you want to do this? Since they are going to be new accounts, you really won't benefit that much (as far as improving your average age of accounts). If your credit scores were both great and you knew the new limits would be high, you didn't have very much available credit now, and you would keep the balances low, then I suppose it would have an added benefit besides showing who spent what. Generally speaking the only benefit in adding an AU aside form a bonus, would be to improve ones score with adding an older account for its payment history, etc.
Otherwise if it were me I would keep things separate, it would be easier to keep track of who spent what, without dropping their average age of accounts. And you can also transfer balances from one person to the other with less negative impact.
Off topic, but I would not get a joint account unless it was an approval situation where you had no other choice (joint accounts dont usually differentiate charges afaik).
If your scores are good and you can find cards beside amex that do differentiate, and its what you want, then that is what you should do.
