Who Offers Joint Credit Cards and How to Apply

Joint credit cards represent a distinct financial arrangement, allowing two individuals to share access to a credit line and equally partake in the associated responsibilities. This type of account can be a practical tool for managing shared expenses or for partners aiming to build credit collaboratively. Understanding the specific mechanics and implications of these cards is important before pursuing such an option.

Understanding Joint Credit Cards

A joint credit card account involves two individuals who are both primary account holders, sharing equal ownership and financial responsibility. This means each person has the ability to use the card, and crucially, both are legally liable for all debts incurred on the account, regardless of who made the specific charges.
This arrangement differs significantly from adding an authorized user to an existing credit card. While an authorized user can make purchases with a card issued in their name, they are not legally responsible for the debt. In contrast, with a joint account, the financial behavior of one cardholder directly impacts the other, as both individuals’ credit reports will reflect the account’s payment history and debt levels. If payments are missed or high balances are carried, both individuals’ credit scores can be negatively affected.

Identifying Issuers of Joint Credit Cards

Finding financial institutions that offer true joint credit cards, where both applicants are equally responsible from the outset, can be less straightforward compared to individual credit card applications. Many major credit card issuers primarily offer options to add authorized users rather than full joint accounts.
Despite their relative rarity, some financial institutions do provide joint credit card options. U.S. Bank, for instance, allows cardholders to add a joint owner to most of its consumer cards, with the understanding that this co-owner generally cannot be removed once added. Bank of America also offers a process where one person is initially approved, and then a co-applicant can be added to share financial responsibility. Additionally, the Apple Card features a “co-owner” option that supports shared credit lines and equal responsibility for up to six individuals. Some regional banks and local credit unions may also offer joint credit cards.

Preparing to Apply for a Joint Credit Card

Before initiating an application for a joint credit card, both prospective applicants should gather necessary information and discuss their financial standing. Issuers require both individuals to meet certain eligibility criteria, which commonly include being at least 18 years of age and a U.S. resident. Credit card companies will assess the creditworthiness of both applicants, often considering their combined income and credit scores. If one applicant has a lower credit score, the stronger credit profile of the other individual may help secure approval or more favorable terms, though both credit histories will be reviewed.
Applicants should prepare essential documents and personal details for each individual. This generally includes government-issued identification, Social Security Numbers or Individual Taxpayer Identification Numbers, and verifiable proof of income, such as recent pay stubs or tax returns. Beyond documentation, it is advisable for co-applicants to have an open conversation about their financial habits, spending expectations, and long-term financial goals to ensure alignment.

The Application Process for Joint Credit Cards

Once both individuals have prepared their information and discussed their financial objectives, the application for a joint credit card can proceed. The process often requires both applicants to be involved, whether submitting an online application together or applying in person at a branch. During the application, both individuals will need to provide their personal and financial details accurately, and consent to a hard inquiry on their credit reports.
After the application is submitted, the financial institution will review the information provided by both parties. If approved, the joint credit card will typically be issued with shared liability for the account. The physical cards are then usually mailed to the applicants within a period of one to two weeks.

Managing a Joint Credit Card Account

Upon activation, a joint credit card account demands ongoing shared responsibility from both cardholders. Both individuals remain equally liable for all charges, payments, and any fees associated with the account.
The activity on the joint account, including payment history, credit utilization, and any delinquencies, will be reported to credit bureaus for both account holders. Consistent on-time payments and maintaining a low credit utilization ratio can positively impact both individuals’ credit scores. Conversely, missed payments or high balances can negatively affect both credit profiles. Open and frequent communication about spending, payments, and overall account management is essential. Should the need arise to close a joint account, mutual agreement between both parties is typically required.