Chase Ends Joint Credit Card Accounts

September 24, 2013, Written By Bill Hardekopf

Chase will no longer offer joint credit card accounts, according to a report from CNN Money. Now, the only option is adding a spouse or partner as an authorized user on the account.

This does not affect current Chase cardholders with joint accounts.

In a joint account, both people share ownership and are equally liable for the account balance and repaying the debt. If it is handled well, the advantage is both credit histories will be updated. Joint accounts are typically used to help a partner or dependent qualify for a credit card or to help couples manage household expenses.

The CFPB acted in the spring to make it easier for stay-at-home spouses and partners to get their own credit cards. This is a better option than a joint card because one person’s bad credit habits won’t damage the other’s credit score.

An additional person can still be added as an authorized user at Chase, where only the primary account holder is liable for the debt.



The information contained within this article was accurate as of September 24, 2013. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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