Posted by Madison on October 22, 2012
My husband and I share all of our money. However, for the majority of our credit cards we don’t have joint accounts.
It’s not because we keep our credit card spending separate. Keeping individual credit cards allows us to maximize earnings on cash back, sign up bonuses, and everything else the credit cards have to offer.
Want to see it in action? Here is how we’re double dipping on our credit card accounts, which cards we keep separate and which cards we share.
Individual Credit Cards
Here are all the perks of keeping our credit cards in our individual names and avoiding joint accounts.
Joint Credit Cards
We do have a few cards we share. Here are the situations we share cards and why.
- Very old accounts. We have two credit cards that are over 15 years old. We share these because of the longevity that it shows on our credit reports. We rarely use these cards except for an annual charge to keep the cards open.
- Annual Fee Cards. We share an American Express Blue Cash Preferred Card because of the 6% cash back it offers on groceries. Because there’s an annual fee on this card, we come out ahead by sharing this account and only paying one annual fee.
More on Maximizing Credit Card Offers
You can get my latest articles full of
valuable tips and other information delivered directly to your email for
free simply by entering your email address below. Your address will never be sold or used for spam and you can unsubscribe at any time.
Print
|
Email
|
Comments?