Let’s say you’ve moved in together and now you’re sharing everything, from dish duty to a Netflix account to utility bills. And before you know it, you can’t remember who paid for what, and who owes who.
Based on our research at Zeta, opening a shared credit card is often one of the first steps that couples will take once they’ve decided that they’re ready to merge their finances. It has some distinct advantages for a relationship, though it also comes with some risk. We’ll lay it all out for you here, along with a list of the 5 questions that we encourage all couples to chat through before taking the plunge.
First, let’s walk through the pro’s and con’s of getting a joint credit card.
Now that you’ve got the pros and cons of a joint credit card, we recommend having an open discussion as a couple about these five questions:
Ultimately, there is no one right or wrong answer when it comes to deciding whether to open a shared credit card, or when. Every couple is different, so we encourage you to have an open discussion about what makes the most sense for your relationship and financial health.
Looking into getting a credit card with your partner? Find out which one is right for you.READ MORE
We break down how to choose the best joint account for couples like you. Money issues are one of the top causes of break-ups, so it’s important to find a solution that works for you.READ MORE
A newsletter designed to help
you achieve relationship goals.
A newsletter designed to help you achieve relationship goals.
To safely consume this site, we recommend reading this disclaimer. Any outbound links will take you away from Zeta, to external sites in the world wide web. Just so you know, Zeta doesn’t endorse any linked websites nor do we pay/bribe anyone to appear on here. Any reference to prices on the site are just estimates; actual prices are up to specific merchants and their current desire to charge you for things. Also, nothing on this website should be construed as investment advice. We’re here to share our favorite tools, tactics and tips for managing your money together. This content is for your responsible consumption. Please don’t see this as a recommendation to buy specific investments or go on a crypto-binge. Lastly, we 100% believe that personal finance is exactly that, personal. We may sometimes publish content on this website that has been created by affiliated or unaffiliated partners such as employees, advisors or writers. Unless we explicitly say so, these post do not necessarily represent the actual views or opinions of Zeta.
1Zeta is a financial technology company, not a bank. Banking services provided by Piermont Bank; Member FDIC. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate of $250,000 per depositor. The Zeta Mastercard® Debit Card is issued by Piermont Bank, Member FDIC, pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted.
2Zeta Annual Percentage Yield (APY) is effective as of 05/01/2023, for customers who qualify for VIP status. Minimum amount to open an account is $0.00. Minimum balance to earn the APY is $0.01. Interest rates are as follows: 2.43% APY applies to the entire balance for customers who qualify for VIP status. Interest rates may change after the account is opened. Fees may reduce earnings.