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A Credit Card for the Honeymoon Couple

Singling out a couple that just got back from their honeymoon is no problem at all. Even the ones that do not walk around like Siamese twins have a twinkle in their eyes and a glow on their faces that uncovers the truth about them. Of course, once the honeymoon period is over, the issues of daily life have to be sorted out. Long hours at the office. Coming home to wash dirty utensils or cooking. Paying the monthly bills. Marriage is not like permanently being on cloud number nine! Both ups and downs compete for space in married life.

So if you are a newly married couple looking forward to sharing wedded bliss together, you should make sure that you find effective ways to handle the potential thorns in your relationship. And finances are one of those thorns.

If both of you are working, the question of who should be paying which bills will arise. Be prepared for long-winded arguments over the size of the phone and electric bills. It is curious how many arguments begin and end over monetary issues. How do you minimize the occurrence of such arguments? Perhaps you should consider mechanisms such as that of the joint credit card.

How do you get hold of a joint credit card? It really is quite simple. You and your spouse could directly apply for a joint credit card. Alternatively, you would have to give your spouse's details to the credit card company asking them to add him/her to current credit card account.

Sounds a lot like the joint bank account doesn't it? However, despite the similar nomenclature, joint credit cards are not very similar to joint bank accounts. Whereas in the case of the joint bank account, both signatories are held legally responsible for the debts that are incurred, in the case of a joint credit card, the original signatory is held liable.

This is a great option for those who are in a completely stable marriage. However, if you are the type that marries fifty or more times, I would recommend that you steer clear from such an account. If you take the risk of bugging your spouse too much, you might just end up penniless, thanks to a revengeful shopping spree on his/her part.

As with everything, even a joint credit card has its own set of negatives. Moreover, it is a big step to take. Are you ready to make such a commitment? Sharing a credit card with someone else is a huge bug deal. Ideally, you should not be taking such a step unless you have given it enough thought.

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Ajeet Khurana recommends that you read: credit card comparison, best credit cards, and interest free credit cards.

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