If you're looking for the best credit cards for couples, you've come to the right place. In this blog post, we will discuss some of the best joint credit cards available on the market today. We'll also provide a few tips on how to choose the right card for your needs. So whether you're looking for a new card to apply for jointly or just want to learn more about what's out there, read on!
Best Credit Cards for Couples in 2023 Table of Contents
What Are Joint Credit Cards?
Joint credit cards are simply credit cards that two people can use together. This can be handy for a number of reasons. For starters, it can help couples keep track of their spending and budget more effectively. It can also help build up both partners' credit scores if used responsibly.
Of course, joint credit cards also come with a few potential downsides. For one thing, it's important to trust your partner not to rack up a huge balance that you'll then have to pay off together. Additionally, if one partner has poor credit, it could drag down the other partner's score as well.
Still, for many couples, joint credit cards can be a great way to manage finances and build up both partners' credit scores.
What Are The Different Types of Credit Cards for Couples?
There are four different types of credit cards for couples: joint accounts, individual accounts with a shared limit, authorized user accounts, and co-branded cards.
Joint accounts are owned by two people and both people are liable for the debt. This is the most common type of credit card for couples.
Individual Accounts with a Shared Limit
Individual accounts with a shared limit mean that each person has their own account but there is one shared credit limit between them. Both people are responsible for paying off their own debt but they can pool their resources to make sure the balance is paid off in full each month.
Authorized User Accounts
Authorized user accounts allow one person to add another person to their account so that they can make purchases. The authorized user is not responsible for the debt but they will have a credit history associated with the account.
Co-branded cards are credit cards that are sponsored by two companies. For example, there could be a co-branded credit card from American Express and Delta Airlines. These types of credit cards usually come with special perks and rewards for using the card.
What Are The Benefits of Getting a Credit Card for Couples?
There are plenty of benefits that come with getting a credit card for couples. For starters, it can help you build up your credit history together. This is especially helpful if one or both of you don't have much credit history to begin with.
Another benefit is that it can help you earn rewards faster. Most cards will offer some sort of rewards program, and by pooling your spending power together, you can earn those rewards quicker. This can be helpful if you're planning a big purchase or trip down the road.
Finally, having a joint credit card can simply make things more convenient. Rather than each of you carrying around separate cards (and potentially racking up different interest rates and fees), everything can be consolidated onto one card. This can make budgeting and tracking expenses much simpler.
So, if you're considering getting a credit card for couples, be sure to weigh the pros and cons carefully. But overall, it can be a great way to build your credit history, earn rewards faster, and just make things more convenient.
What Are The Best Credit Cards for Couples?
Chase Sapphire Preferred
This is our pick for the best overall joint credit card for couples. It offers great rewards and perks, including two points per dollar spent on travel and dining and one point per dollar spent on everything else. Plus, you'll get a sign-up bonus of 60,000 points after spending $4000 in the first three months. That's worth $750 when redeemed through Chase Ultimate Rewards.
Citi Double Cash Card
This is a great choice for couples who want to earn cash back on their purchases. You'll earn two percent cash back on every purchase, with no limit. Plus, there's no annual fee to worry about.
Capital One Venture Rewards Credit Card
This card is a great option for couples who want to earn rewards on their travel expenses. You'll earn two miles per dollar spent on all purchases, and there are no foreign transaction fees to worry about. Plus, you'll get a sign-up bonus of 50,000 miles after spending $3000 in the first three months.
These are just a few of the best joint credit cards for couples out there. Be sure to do your own research to find the best card for your specific needs and spending habits. And remember, as with any credit card, it's important to use responsibly in order to avoid debt.
How Decide Which Type of Credit Card for Couples You Want?
There are a few things to consider when trying to decide which type of credit card is best for you and your partner. First, you'll need to think about your spending habits. Do you tend to spend more on groceries or eating out? What about travel? Once you've considered your spending habits, you can start looking at different credit cards that offer rewards that fit your lifestyle.
For example, if you're a couple who loves to travel, you might want a credit card that offers great rewards for airfare and hotels. Or, if you prefer to dine out often, look for a credit card that gives cash back or points towards restaurants. There are tons of great options out there, so take your time and find the best fit for you and your partner.
One last thing to keep in mind is your credit score. If you're not sure what your credit score is, you can check for free on sites like Credit Karma or Annual Credit Report. You'll want to make sure you have a good credit score before applying for any joint credit cards, as this will help you get approved and snag the best interest rates.
How Many Credit Cards Should Couples Have?
The simple answer is that it depends on each couple's unique financial situation. If you and your partner are working towards a common financial goal, like paying off debt or saving for a home, then having multiple credit cards can help you reach that goal faster.
On the other hand, if you're not sure how to best manage your finances as a couple, it might be best to stick with one joint credit card.
What Credit Limit Do Credit Cards for Couples Have?
The average credit limit for a couple is $14,000. However, this number can vary greatly depending on the couple's income, credit score, and other factors.
What Are the Best Rewards Credit Cards for Couples?
There are many great rewards credit cards for couples. Some of our favorites include the Chase Sapphire Preferred Card and the American Express Platinum Card. These cards offer great rewards such as travel points, cash back, and more.
What Are the Best Balance Transfer Credit Cards for Couples?
Balance transfer credit cards can be a great way for couples to save money on interest payments. Some of the best balance transfer credit cards for couples include the Citi Simplicity Card and the Discover it® Balance Transfer Card.
What Are the Best Cash Back Credit Cards for Couples?
Cash back credit cards are a great way for couples to earn rewards on their everyday spending. Some of the best cash back credit cards for couples include the Chase Freedom® Card and the Capital One® VentureOne® Rewards Credit Card.
What Are the Best Student Credit Cards for Couples?
Student credit cards can be a great way for couples to build their credit history and earn rewards. Some of the best student credit cards for couples include the Discover it® Student Cash Back card and the Citi ThankYou® Preferred Card for College Students.
What Are the Best Business Credit Cards for Couples?
Business credit cards can be a great way for couples to earn rewards on their business spending. Some of the best business credit cards for couples include the American Express® Business Gold Card and the Ink Business Cash℠ Credit Card.
Do Credit Cards for Couples Report to The Three Major Credit Bureaus?
The best thing about credit cards for couples is that they help build your credit history together.
A couple's credit card reports to all three major credit bureaus, so it can help you both build or rebuild your credit scores.
And, if you're trying to get a mortgage or another loan together, having a good credit score will help you qualify for the best rates and terms.
What is The Best Way to Use a Credit Card as a Couple?
One of the best ways to use a credit card as a couple is by using it to help manage your finances.
You can do this by using it to pay for shared expenses, such as groceries or your mortgage, and then each person can reimburse the other for their share. This can help you keep track of your spending and avoid arguments about money.
Another way to use a credit card as a couple is to get one with rewards that you can both use.
For example, if you travel often, you may want to get a travel rewards credit card that will give you points or miles that you can use for flights, hotels, or rental cars.
Or, if you have different spending habits, you may want to get separate cards that offer different rewards. This way, you can both get the most out of your credit card use.
Whatever way you choose to use a credit card as a couple, make sure that you are both on the same page about your spending and repayment habits. This will help you avoid any financial arguments or problems down the road.
Best Credit Cards for Couples With Bad Credit
Couples with bad credit often have a hard time getting approved for traditional credit cards. However, there are a few joint credit cards designed specifically for people in this situation. The best joint credit cards for couples with bad credit include the following:
The Capital One Platinum Credit Card
This card has no annual fee and offers a low interest rate on purchases and balance transfers. Additionally, it comes with an introductory APR of 0% for the first six months.
The Citi Secured Mastercard
This is another option with no annual fee and a low interest rate. It also offers an introductory APR of 0% for 18 months on balance transfers (then 13.99% – 23.99% variable).
The Discover it Secured Card
This card offers a variable APR of 23.99%. However, there is no annual fee and you can earn cash back on your purchases. Additionally, you can get your security deposit back after eight months if you have responsible credit behavior.
These are just a few of the best joint credit cards for couples with bad credit. If you and your partner are looking to rebuild your credit, these cards could be a good option for you. Be sure to compare features and fees before applying to find the best card for your needs.
Can Couples Get An Amex Card?
Couples can get an Amex card if they both have good credit scores. American Express offers a variety of cards with different benefits, so couples can choose the one that best suits their needs.
For example, the Amex EveryDay® Credit Card from American Express has no annual fee and earns Membership Rewards® points which can be redeemed for travel, merchandise, or gift cards.
The Amex Platinum Card®, on the other hand, has a $450 annual fee but comes with perks like access to airport lounges and free hotel accommodations.
Is It Easy to Qualify for a Joint Credit Card?
Most couples qualify for a joint credit card with no problem. If one person has bad credit, some issuers will allow the other person to apply as an authorized user. This allows the good-credit spouse to help the other spouse build up their credit score.
What Is the Easiest Credit Card for Couples to Get?
The easiest credit card for couples to get is the Chase Sapphire Preferred Card. This card offers a great sign-up bonus, earning you 60,000 points after you spend $4000 in the first three months.
Plus, you'll earn double points on travel and dining purchases and one point per dollar spent on everything else. There's also no foreign transaction fee, making it a great choice for couples who travel internationally.