(Closed) Do you have credit card under your own name

posted 7 years ago in Money
  • poll: For bees with shared finances with partner, do you have a credit card under your name?

    yes

    no

  • Post # 32
    Member
    1134 posts
    Bumble bee
    • Wedding: October 2013

    Fiance and i each have a credit card only in our names. Mine is a very low limit tho, hes got the money! lol. We share an acct, and he has a savings acct. I do not have my own acct. hes much better with money, so he handles it all. If he was controlling with money it probally wouldnt work, but he always makes sure i have money for the things i need/want.

    Post # 33
    Member
    8418 posts
    Bumble Beekeeper
    • Wedding: October 2012

    I’ve had a credit cards since 18…..I established credit at an early age. I take pride in my credit score and have always been very responsible with all credit……very important to me!  We both have seperate accounts as well but we also have a joint account together. I can’t imagine having to rely just on my partner for credit…….no way!!!

     

    Post # 34
    Member
    15062 posts
    Honey Beekeeper
    • Wedding: June 2011

    We both kept our own cards that we had, and dont have any joint credit cards.  The problem I see with joint cards is that if one person wants to run it up and charge a ton, the other is on the hook for it too and it could ruin them also.

    Post # 35
    Member
    11736 posts
    Sugar Beekeeper
    • Wedding: November 1999

    I think it’s crazy because they’re not reaping the benefits of increasing their credit score.  Not having any credit in your name is detrimental even if they never split up with their partner.  When cosigning a loan – whether it be a mortgage or car loan, they take both partner’s credit scores into account.  It could really hinder their ability to obtain a loan, even if their partner’s credit score is amazing. 

    Post # 36
    Member
    11231 posts
    Sugar Beekeeper
    • Wedding: August 2013

    Yep, I have several. Fiance has no credit cards.

    Post # 37
    Member
    10361 posts
    Sugar Beekeeper
    • Wedding: September 2010

    My mom never had anything in her name.

    When my parents divorced, she had no credit, and it was a disaster. She was left with nothing, and with no credit card, not even a utility bill in her name to get her started in her new life.

    Women who are content to let their husbands run the show are foolish. Even if divorce never happens, he is likely to pass away first – what then?! You need to have lifelines for yourself!

    Post # 38
    Member
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    Of course I have a credit card under my own name. I had my financial business all put together before DH and I met; there’s no reason to change it to a joint card. In the future, we will likely put both of us on the same card if we get a new one, but for now, we each have our own and we’re okay with that.

    Post # 39
    Member
    2389 posts
    Buzzing bee
    • Wedding: July 2011

    People who say either they or their partner don’t have a credit card – how do you establish credit?

    Post # 40
    Member
    1252 posts
    Bumble bee
    • Wedding: June 2012

    Of course I have my own credit card. Why wouldn’t I? It helps my credit score. 

    Post # 41
    Member
    1257 posts
    Bumble bee
    • Wedding: October 2013

    View original reply
    @oneofthesethings:  I have my car loan and student loans and other bills that are in my name that  I have paid off or are paying off in order to establish credit.

    Post # 42
    Member
    3092 posts
    Sugar bee
    • Wedding: June 2013

    Yep!  I have one that I’ve had for many many years.  I also have a smal car loan.  And buttloads of student debt…and actually a really great credit score. 

     

    We’re working on FI’s credit score now…he’s a high earner but has too much revolving debt…trying to help him get it down and manage it rather than just spend what he wants when he wants. Because of his high earnings I think the banks etc will at him first for credit purposes so we need to get his up.

    There are  times credit to credit I’m higher but the income to income he is higher so they have him be primary and me secondary :/

    Post # 43
    Member
    2457 posts
    Buzzing bee
    • Wedding: September 2012

    Of course I have a credit card under my own name. I had my financial business all put together before DH and I met; there’s no reason to change it to a joint card. In the future, we will likely put both of us on the same card if we get a new one, but for now, we each have our own and we’re okay with that.

    Post # 44
    Member
    9129 posts
    Buzzing Beekeeper
    • Wedding: November 2013 - St. Augustine Beach, FL

    CCs are the Devil. I do have my own bank account and debit card though and I plan to continue using it after we are married.

    Post # 45
    Member
    1609 posts
    Bumble bee
    • Wedding: November 2014

    For years my mom and dad only had a credit card in dad’s name.  Mom would use it most of the time.  Then a store refused to let her use it because it wasn’t in her name.  She got one in her own name pretty fast after that.

    Post # 46
    Member
    963 posts
    Busy bee
    • Wedding: June 2012

    I have a bunch of credit cards in my name only (though I really only use one at a time, and pay it off in full every month, but don’t close the others due to credit rating issues).  We only just got around to opening a joint checking account (though we also maintain separate accounts).  We tried to find a place to get a joint credit card that we could use for joint expenses, but weren’t able to find one.  Anyone know of one?  We can only find cards that allow for a primary account holder and an authorized user, but we want one truly joint.

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