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Providers that allow joint account credit cards

Discover which banks offer joint credit cards so you can share an account with your partner.

There are several credit card issuers in New Zealand that allow you to apply for a joint credit card with your partner or a family member. As well as giving you and your partner access to all the credit card’s features and benefits, you are both responsible for managing and paying off the account.

Use this guide to compare which credit card issuers offer joint accounts, plus the pros and cons of opening a credit card account with another person.

Compare credit cards that allow joint accounts

Name Product Purchase Rate Annual fee Balance Transfer Rate
AIRPOINTS
Kiwibank Air New Zealand Airpoints Platinum Visa
20.95% p.a.
$150
1.99% p.a. for 6 months
1.99% p.a. on balance transfers for 6 months.
ASB Visa Rewards Credit Card
20.95% p.a.
$40
0% p.a. for 6 months
Earn 1 True Rewards dollar for every $150 spent or get 1c off per litre of fuel with AA Smartfuel for every $75 spent on eligible purchases.
ASB Visa Business Rewards
19.95% p.a.
$70
0% p.a. for 6 months
Earn 1 True Rewards dollar for every $100 spent or switch to AA Smartfuel discounts and earn 1c off per litre of fuel for every $50 spent on eligible purchases.
ASB Visa Platinum Rewards Credit Card
19.95% p.a.
$80
0% p.a. for 6 months
Earn 1 True Rewards dollar for every $100 spent. True Rewards dollars can be redeemed at partner stores like BP, Farmers and Mitre 10.
ASB Visa Light
13.5% p.a.
$0
0% p.a. for 6 months
0% p.a. interest for 6 months on any purchase of $1,000 or more with ASB Smart Rate.
AIRPOINTS
Kiwibank Air New Zealand Airpoints Low Fee Visa
16.9% p.a.
$25
1.99% p.a. for 6 months
1.99% p.a. on balance transfers for 6 months.
BNZ Lite Visa
12.9% p.a.
$30
N/A
BNZ Advantage Visa Platinum Credit Card
18.95% p.a.
$90
N/A
Earn 1 Flybuys point for every $15 of eligible spend or $1 Cash Reward for every $90 of eligible spend.
BNZ Advantage Classic Credit Card
20.95% p.a.
$40
N/A
Earn 1 Flybuys point for every $40 of eligible spend or $1 Cash Reward for every $150 of eligible spend.

BNZ Advantage Visa Business Credit Card
18.95% p.a.
$100
N/A
Earn 1 Flybuys point for every $15 of eligible spend or $1 Cash Reward for every $75 of eligible spend.
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Compare up to 4 providers

How do joint credit card accounts work?

A joint credit card gives you and another person the same account access and status, which means you can both use the card and share financial responsibility for the account.

When you apply for a joint credit card, the issuer considers both you and your partner’s personal and financial details. If your joint application is approved, the account details are recorded on both your credit files and impact your individual credit ratings.

What are the pros and cons of a joint credit card account?

Pros

  • It can help get your application approved. If you have a poorer credit score and credit history than your partner, a joint credit card application can improve your chances of being approved. This is because the credit card provider assesses both applicants jointly and a strong credit score can balance out the weaker one.
  • More flexible credit limits. The combined income of two people usually results in a higher credit limit, or a more flexible one, than the limit you might be offered when you apply individually.
  • Can improve your credit score. If you’re approved for a joint credit card account, you can use it to help repair your credit score (or your partner’s) by making payments on time and avoiding carrying a debt.
  • Reduces bills and fees. Having a joint credit card account means you get one bill each month instead of two or more, making it easier for you to manage your finances and save on costs such as interest and annual fees.

Cons

  • Application risks. If you or your partner has a bad credit score, your application for a joint credit card could be declined. This is because the credit card provider assesses both applicants jointly and a bad credit score may outweigh an average or good one. In this case, the result could be a rejection for both applicants and a black mark on both your credit reports.
  • Overspending. With two people spending on one card simultaneously, there is a higher chance of going over your credit limit. Make sure you both track the account balance and share spending details so you can avoid fees and other issues that come from maxing out a card.
  • Shared debt. Sharing legal responsibility for the joint account credit card means you also run the risk of taking on debt that is not your own. If one party cannot manage their spending and repayments responsibly, both cardholders suffer the consequences for it – including possible legal repercussions and a bad credit rating.
  • Limited options. Not all credit card brands offer joint credit card accounts, which means you have fewer options to choose from and compare.

What other options are there for sharing a credit card account?

Most credit card issuers give you the option to request a supplementary or additional card for someone. In this case, you become the “primary cardholder”, and your partner becomes the “secondary cardholder”.

This means you are the only person responsible for managing the account. On the other hand, the supplementary cardholder is just an “authorised user” and has no liability for any debt owing on the credit card.

Joint account credit cards are a handy tool for couples who want to share a budget and take on a credit account’s equal responsibility. However, as not every bank offers joint bank accounts, you need to compare your options to determine which card is right for you and your partner.

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