Where Can I Apply for a Joint Credit Card?

Each owner of a joint credit card is equally responsible for making payments on time.
Each owner of a joint credit card is equally responsible for making payments on time. (Image: Thomas Northcut/Photodisc/Getty Images)

Applying for a joint credit card used to be a widely-offered option at most financial institutions. However, some banks have stopped allowing this practice, citing the simplicity of offering fewer credit options and the requirement to comply with federal regulations. For those that do still offer this option, you can apply online or by visiting your local branch.

Who's In, Who's Out

Bank of America, Wells Fargo, Discover and U.S. Bank are among the financial institutions that still offer joint credit cards as of this publication. Chase Bank, Capital One, American Express, TD Bank and HSBC do not offer joint credit cards.

Go Local

Check with your local credit union to see if it offers a joint card. To apply, you will more than likely need to open an account and become a member of the credit union. Some retailers who offer credit cards might provide a joint option as well, depending on the underwriter. Those financed through banks such as HSBC that don't offer the option are unlikely to allow for joint cards.

Financial Responsibility

Married couples sometimes apply for joint cards because they want shared financial responsibility, yet a common misconception with joint credit cards is that each person is responsible for only half of the bill. This is not true. Both parties are equally responsible for the entire amount charged on the card. Depending on your state, obligations to pay the balance might remain an equal responsibility for both parties after divorce.

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