Do you have a joint credit card account? In a joint credit card account, both people are responsible to make repayment, have access to the line of credit, and all other credit card functions such as disputing charges, transferring a balance, reporting a card lost or stolen, requesting a credit limit increase or closing the account. Joint account holders are also able to redeem any rewards available. If you plan to open a joint account with your spouse, child or friend as a partner, consider these tips to avoid the risks and problems. For more information about Joint Credit Card Account http://www.newhorizon.org/credit-info/joint-account-credit-card-tips/

1. Tips To Manage Your
Joint Credit Card Account
by: www.newhorizon.org

2. Are planning to open a JOINT CREDIT
CARD ACCOUNT?
● In a joint credit card account,
both people are responsible to
make repayment.
● If you plan to open a joint
account with your spouse, child
or friend as a partner,
consider these tips to avoid
the risks and problems:

3. Set a spending limit for both of you.
● It’s important that both of you understand the limit when it comes
to spending.
● Experts recommend not using more than 30% of the credit line to
maintain a good score.
● You may adopt this rule and agree not to use more than 30% of the
available credit limit.
● This is also a good way to avoid uncontrolled spending and debt
build-up.

4. Inform your joint account partner about
your spending.
● It is not really important to tell your joint
account partner every time you use the card, it
is recommended that you inform your partner
if you will use the credit card for a large
purchase.
● So that there will be no surprises between you
two and the other person will be aware in case
he/she wants to use the card for another
transaction.

5. Check the account before using the
credit card.
● To make sure that you do not go over the agreed limit,
be sure to check your account before using it for
payment.
● Most issuers allow online account access so you should
be able to check your balance from home or wherever
you are as long as you are connected to the internet.

6. For more tips to avoid the risks and problems
on your JOINT CREDIT CARD ACCOUNT
http://www.newhorizon.org/credit-info/joint-
account-credit-card-tips/

7. RESOURCES:
If you are looking for unsecured credit cards for
bad credit http://www.newhorizon.org/Info/unsecured.htm