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Joint credit cards accounts

Visitor

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
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.

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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
Visitor

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