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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