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
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you achieve relationship goals.
A newsletter designed to help you achieve relationship goals.
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The Zeta Joint Account is offered by Piermont Bank, Member FDIC. Zeta Help Inc. is a service provider of the issuing bank. All deposit accounts of the same ownership and/or vesting held at the issuing bank are combined and insured under an FDIC Certificate, up to $500,000. The Zeta Joint Debit Card, provided by Mastercard, may be used everywhere where Mastercard Debit Cards are accepted.
Zeta Joint Account Annual Percentage Yield (APY) effective as of 10/01/2022. Minimum amount to open account is $0.00. Minimum balance to earn APY is $0.01. Rate is as follows: 0.48% APY applies to balances over $0.01. Accounts with qualifying direct deposits are eligible for up to 1.93% APY. Rates may change after account is opened. Fees may reduce earnings.