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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
Valued 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
Valued 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
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.

NFCU PLAT 20K NFCU CR 15K NFCU AMEX 10K PENFED PROMISE 10K PENFED GOLD 10K BBVA COMPASS 7.5K CITI SIMPLICITY 4.3K DISCOVER 2.4K AMEX BC 3K AMEX MAGNET 1K AMEX ED 1K AMEX HILTON 1K. CARECREDIT 25K AMAZON 10K WALMART 10K MACYS 20.5K WAYFAIR 22.5K MARVEL 1.5K AU LOWES 30K IKEA 6K
Message 5 of 12
Established Contributor

Re: Joint credit cards accounts

ANy negative reporting done to an AU can be removed with a simple dispute... not mine AU Only
Excuse the Typos - usually responding via mobile.
















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
Established 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?
Excuse the Typos - usually responding via mobile.
















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
Established 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.
Excuse the Typos - usually responding via mobile.
















Message 10 of 12