Which is best ... Credit Card Account Authorized User or Joint Acount?
Author: dtrain100
Joined: 10 Mar 2004
Posts: 6
Location: Massachusetts
Posted: Tue Apr 13, 2004 5:24 pm
Post subject: Recently Engaged Combine or not to combine??
Hello, I got engaged two weeks ago and have a few questions. We are thinking of opening a miles reward card with AMEX. My fiancée just got a pre-approved letter from them and we had been talking about it the week before. The rate on the card is also better than any of the cards we currently have and the limit is higher. As of right now all our cards (me 4, her 1) are in separate names. The wedding is a year away and we figure we can get a free ticket or two from using the card over the next year and they are waving the annual fee for the first year.
My Questions:
1) If I am added to the account and we each get a card on the same account will it be reported to both our credit reports or just hers
2) Am I better off getting rid of say two of my cards that have a much lower limit and a higher interest rate
3) Are we better off with separate accounts or is combining them
OK. Thanks,
Dave
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Author: mouse
Guest
Posted: Tue Apr 13, 2004 9:57 pm
Post subject: Re: Recently Engaged Combine or not to combine??
dtrain100 wrote:
Hello, I got engaged two weeks ago and have a few questions. We are thinking of opening a miles reward card with AMEX. My fiancée just got a pre-approved letter from them and we had been talking about it the week before. The rate on the card is also better than any of the cards we currently have and the limit is higher. As of right now all our cards (me 4, her 1) are in separate names. The wedding is a year away and we figure we can get a free ticket or two from using the card over the next year and they are waving the annual fee for the first year. My Questions: 1) If I am added to the account and we each get a card on the same account will it be reported to both our credit reports or just hers 2) Am I better off getting rid of say two of my cards that have a much lower limit and a higher interest rate 3) Are we better off with separate accounts or is combining them
OK. Thanks,
Dave
Try "AU" Less risk at this point.
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Author: Guest
Posted: Tue Apr 13, 2004 10:53 pm
You can call amex to confirm but from what I recall, they do not issue joint accounts anymore. Be an AU on the AMEX card, thats the best deal.
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Author: marlboro
Guest
Posted: Fri Apr 16, 2004 2:57 am
first of all, you only received a pre-approved solicitation doesn't mean you'll get everything, check the asterisk beside that preapproval. if you do get all the features mentioned and if they do joint accounts most company's will only report about the 1st name on the card not the 2nd, if amex doesn't offer joint accounts you can always get a 2nd authorized user card with your fiancee's name on it.
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Joined: 10 Mar 2004
Posts: 6
Location: Massachusetts
Posted: Tue Apr 13, 2004 5:24 pm
Post subject: Recently Engaged Combine or not to combine??
Hello, I got engaged two weeks ago and have a few questions. We are thinking of opening a miles reward card with AMEX. My fiancée just got a pre-approved letter from them and we had been talking about it the week before. The rate on the card is also better than any of the cards we currently have and the limit is higher. As of right now all our cards (me 4, her 1) are in separate names. The wedding is a year away and we figure we can get a free ticket or two from using the card over the next year and they are waving the annual fee for the first year.
My Questions:
1) If I am added to the account and we each get a card on the same account will it be reported to both our credit reports or just hers
2) Am I better off getting rid of say two of my cards that have a much lower limit and a higher interest rate
3) Are we better off with separate accounts or is combining them
OK. Thanks,
Dave
View our latest credit card ratings!
Author: mouse
Guest
Posted: Tue Apr 13, 2004 9:57 pm
Post subject: Re: Recently Engaged Combine or not to combine??
dtrain100 wrote:
Hello, I got engaged two weeks ago and have a few questions. We are thinking of opening a miles reward card with AMEX. My fiancée just got a pre-approved letter from them and we had been talking about it the week before. The rate on the card is also better than any of the cards we currently have and the limit is higher. As of right now all our cards (me 4, her 1) are in separate names. The wedding is a year away and we figure we can get a free ticket or two from using the card over the next year and they are waving the annual fee for the first year. My Questions: 1) If I am added to the account and we each get a card on the same account will it be reported to both our credit reports or just hers 2) Am I better off getting rid of say two of my cards that have a much lower limit and a higher interest rate 3) Are we better off with separate accounts or is combining them
OK. Thanks,
Dave
Try "AU" Less risk at this point.
View our latest credit card ratings!
Author: Guest
Posted: Tue Apr 13, 2004 10:53 pm
You can call amex to confirm but from what I recall, they do not issue joint accounts anymore. Be an AU on the AMEX card, thats the best deal.
View our latest credit card ratings!
Author: marlboro
Guest
Posted: Fri Apr 16, 2004 2:57 am
first of all, you only received a pre-approved solicitation doesn't mean you'll get everything, check the asterisk beside that preapproval. if you do get all the features mentioned and if they do joint accounts most company's will only report about the 1st name on the card not the 2nd, if amex doesn't offer joint accounts you can always get a 2nd authorized user card with your fiancee's name on it.
View our latest credit card ratings!
posted by CardRatings.com at 10:39 AM
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