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Joint credit cards accounts

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
New Member

Joint credit cards accounts

Hi

Does any one which credit card allows yo add a joint to an exsiting Account.

Message 1 of 12
11 REPLIES 11
Senior Contributor

Re: Joint credit cards accounts

You can add an AU authorized user to mostly all CC accounts. Some banks give a small bonus to do so.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 2 of 12
Community Leader
Legendary Contributor

Re: Joint credit cards accounts

A joint account holder is different from an authorized user.

A joint account holder is legally responsible for the loan as a co-holder, while an authorized user has no legal obligation for any debt on the account.

 

A joint account holder signs and agrees to responsibility, and cannot simply be added without a new contractural agreement with teh creditor.

The creditor will normally require a new loan agreement, with both parties signing as joint account holders.

I know of no creditors who will legally permit a consumer to simply add another party to an existing account.

Message 3 of 12
Senior Contributor

Re: Joint credit cards accounts

I stand corrected. Thanks RobertEG. Learned 1 more thing on the boards now. But if a primary messes up doesnt the AU get nailed too? Just as a joint account. Or does the AU get the score hit but they dont come after the AU if the primary doesnt pay. Thanks.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 4 of 12
Community Leader
Valued Contributor

Re: Joint credit cards accounts


@FireMedic1 wrote:

I stand corrected. Thanks RobertEG. Learned 1 more thing on the boards now. But if a primary messes up doesnt the AU get nailed too? Just as a joint account. Or does the AU get the score hit but they dont come after the AU if the primary doesnt pay. Thanks.


I am somewhat  sure they get the score hit, but are not legally/financially liable.

CU NFCU PENFED ALLIANT BANK USAA BBVA BB&T PPMC IKEA MARVEL DISCOVER STORECARDS LOWES AMAZON MACYS WALMART WAYFAIR CARECREDIT
Message 5 of 12
Valued Contributor

Re: Joint credit cards accounts

ANy negative reporting done to an AU can be removed with a simple dispute... not mine AU Only






Family Member made me an AU on: 2008 Sears MC $2,001, 2016 SEARS Store Card $2,001, 2011 Synchrony Home $5,500 , 2003 FNBO Visa $9,900, 2008 Macys Amex $1900, 2008 Kohls $2,000, 2008 JC Penny $4,500, 2016 TJX Mastercard $1,500, 2019 SDFCU PowerCash Visa $10,000, 2018 AAdvantage Aviator MC $5,600, 2018 HSN $4,500, and 2016 Local Credit Union Visa $5,000. Waiting on them to all report over the next month... Only Kohls is reporting so far... WITH AGE. They use AZEO method.

Member of:
Andrews FCU (Share), PENFED CU (Checking/Share), SDFCU (Share), Alliant CU (Checking/Share), NASA FCU (Share), NWFCU (Checking/Share), Ally Bank (Checking/Savings), BofA (Checking/Share), Navigant CU (Share), Greenwood CU (Share), Elements Financial CU (Share), Ocean State CU (Share), SDFCU (Share), Wells Fargo (Checking), RI Credit Union (Share), CashApp, PayPal Premier (for free direct deposit access with cash card), Paypal Business - Grandfathered 1.5% Cash Back on Biz Debit), Apple Pay Cash, and Venmo.

I WANT to join: Hanscom FCU (For the 2 day early direct deposit).


Burned:
DCU, NFCU, Comenity, Synchrony, Barclays, Discover, Amex, Webbank (Avant), Santander, Citi (Shell), DSNB (Macys), TDRCS (Target+Nordstrom), Capital One (Personal & Business, Kohls, and GM), CreditFirst(Firestone)
Message 6 of 12
New Member

Re: Joint credit cards accounts

Thank you. But I was told by a friend that he has done it a while ago but doesn’t remember which bank and he was able to add an joint to a existing account.

So if any one knows which card issuers allows it please reply
Message 7 of 12
Valued Contributor

Re: Joint credit cards accounts

WHY Would you want to be a JOINT Account holder?
AU Usually report and help your score...

Don't sign up for more liability?






Family Member made me an AU on: 2008 Sears MC $2,001, 2016 SEARS Store Card $2,001, 2011 Synchrony Home $5,500 , 2003 FNBO Visa $9,900, 2008 Macys Amex $1900, 2008 Kohls $2,000, 2008 JC Penny $4,500, 2016 TJX Mastercard $1,500, 2019 SDFCU PowerCash Visa $10,000, 2018 AAdvantage Aviator MC $5,600, 2018 HSN $4,500, and 2016 Local Credit Union Visa $5,000. Waiting on them to all report over the next month... Only Kohls is reporting so far... WITH AGE. They use AZEO method.

Member of:
Andrews FCU (Share), PENFED CU (Checking/Share), SDFCU (Share), Alliant CU (Checking/Share), NASA FCU (Share), NWFCU (Checking/Share), Ally Bank (Checking/Savings), BofA (Checking/Share), Navigant CU (Share), Greenwood CU (Share), Elements Financial CU (Share), Ocean State CU (Share), SDFCU (Share), Wells Fargo (Checking), RI Credit Union (Share), CashApp, PayPal Premier (for free direct deposit access with cash card), Paypal Business - Grandfathered 1.5% Cash Back on Biz Debit), Apple Pay Cash, and Venmo.

I WANT to join: Hanscom FCU (For the 2 day early direct deposit).


Burned:
DCU, NFCU, Comenity, Synchrony, Barclays, Discover, Amex, Webbank (Avant), Santander, Citi (Shell), DSNB (Macys), TDRCS (Target+Nordstrom), Capital One (Personal & Business, Kohls, and GM), CreditFirst(Firestone)
Message 8 of 12
Frequent Contributor

Re: Joint credit cards accounts

Au is the best way to go in my opinion. Hubby and I are joint account holders for a credit card at our local credit union, however we signed up for the card together.

I've never heard of anyone being added after the fact except as AU.



Message 9 of 12
Valued Contributor

Re: Joint credit cards accounts

I Know US Bank allows you to add a Join Account Holder... but BOTH Account Holders must meet there credit underwriting.






Family Member made me an AU on: 2008 Sears MC $2,001, 2016 SEARS Store Card $2,001, 2011 Synchrony Home $5,500 , 2003 FNBO Visa $9,900, 2008 Macys Amex $1900, 2008 Kohls $2,000, 2008 JC Penny $4,500, 2016 TJX Mastercard $1,500, 2019 SDFCU PowerCash Visa $10,000, 2018 AAdvantage Aviator MC $5,600, 2018 HSN $4,500, and 2016 Local Credit Union Visa $5,000. Waiting on them to all report over the next month... Only Kohls is reporting so far... WITH AGE. They use AZEO method.

Member of:
Andrews FCU (Share), PENFED CU (Checking/Share), SDFCU (Share), Alliant CU (Checking/Share), NASA FCU (Share), NWFCU (Checking/Share), Ally Bank (Checking/Savings), BofA (Checking/Share), Navigant CU (Share), Greenwood CU (Share), Elements Financial CU (Share), Ocean State CU (Share), SDFCU (Share), Wells Fargo (Checking), RI Credit Union (Share), CashApp, PayPal Premier (for free direct deposit access with cash card), Paypal Business - Grandfathered 1.5% Cash Back on Biz Debit), Apple Pay Cash, and Venmo.

I WANT to join: Hanscom FCU (For the 2 day early direct deposit).


Burned:
DCU, NFCU, Comenity, Synchrony, Barclays, Discover, Amex, Webbank (Avant), Santander, Citi (Shell), DSNB (Macys), TDRCS (Target+Nordstrom), Capital One (Personal & Business, Kohls, and GM), CreditFirst(Firestone)
Message 10 of 12