And be sure to speak with your ex about not
using joint credit cards anymore and encourage them to apply for their own credit card.
One common way spouses obtain and use credit cards is by
using a joint credit card account.
«While I rarely
use the joint credit card, sometimes I'll use it to pick up the bill while I'm on a date or out with a friend,» says Heather, who is 34 and a high school music teacher.
Not exact matches
If, for example, your spouse
uses your
credit card while you are going through a divorce and she is not an authorized user or
joint account holder and knows that she is not allowed to
use the
card, such
use may constitute a crime.
Joint accounts allow either spouse to use the credit card freely and without permission of the other, and joint credit account information is included on both spouse's credit reports, according to the Federal Trade Commis
Joint accounts allow either spouse to
use the
credit card freely and without permission of the other, and
joint credit account information is included on both spouse's credit reports, according to the Federal Trade Commis
joint credit account information is included on both spouse's
credit reports, according to the Federal Trade Commission.
For couples with
joint finances, such as VandeVelde and his wife,
using credit cards simplifies their money management.
If the restaurant or fast food
joint is part of a hotel, supermarket, gas station or other establishment, you may not earn cash back or points for your purchases when you pay
using your restaurant
credit card.
This is because lenders routinely do
credit checks on all
joint account holders or debtors; even if only one person
uses the account or
credit card, the
credit histories and scores of both can be obtained.
Details vary by jurisdiction, I will
use NSW, Australia as an example: Initial ownership on death Liabilities Any
joint liabilities (loans,
credit cards etc) automatically pass to the survivor (s).
Another great way to involve your teenager in money matters: Apply for a
joint credit card and
use this to teach him about responsible spending.
If you and your spouse have
joint credit cards, car loans, or other forms of unsecured debt, you are legally liable for them — even if you never
use the
credit card in question or drive the car a loan is for.