Should you get a joint credit card with a spouse?
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00:00So, you and your partner have taken the plunge, and now that you're married, you're wondering,
00:07should we share a joint credit card?
00:09Well, it depends.
00:11Brian Coderna, the author of Millennial Millionaire, tells CNBC that it might be a good idea if
00:15one of you has great credit and the other's credit history is minimal.
00:19It could help your partner build credit and boost their score.
00:22Of course, there are risks, like if your partner has had issues with credit card debt in the
00:26past or if you end up splitting up.
00:29The other option would be simply adding them as an authorized user on your card, but sometimes
00:33there's a fee for that.
00:35If you do decide to share a card, Broke Millennial founder Aaron Lowry points to the importance
00:39of knowing your balance.
00:41You don't want to go over-utilize your card because you didn't realize your spouse charged
00:44the new fridge on the joint card.
00:46NerdWallet suggests setting up alerts to make sure that doesn't happen, and of course, talking
00:51to your spouse, too.
00:52Alerts are good for payments, too, since you may think the other one's going to pay it.
00:56If you decide to go with a joint card, you may want to make it somebody's job to do that
01:00so that doesn't happen.