Does Wells Fargo have joint credit card applications?

Question

The best credit card for couples is the Wells Fargo Active Cash® Card because it’s one of the best cash back cards on the market, offering a $0 annual fee and a couple percent back on every purchase. In addition to 2% cash rewards on purchases, new cardholders get $200 cash rewards after spending $1,000 in the first 3 months.

One member of the partnership will need to be the primary cardholder, since Wells Fargo does not allow true joint accounts. But an authorized user can make purchases independently, and both parties will see information from the account on their credit reports. So for practical purposes, it’s easy to treat an authorized user as a joint accountholder.… read full answer

Best Credit Cards for Couples in 2023

Best Overall: Wells Fargo Active Cash® CardWells Fargo Active Cash® CardLearn MoreLearn Moreon issuer's website
Cash Back: Citi® Double Cash Card – 18 month BT offerCiti® Double Cash Card – 18 month BT offerLearn MoreLearn Moreon issuer's website
Rewards Sharing: JetBlue CardJetBlue CardLearn MoreLearn More
Travel: Capital One Venture Rewards Credit CardCapital One Venture Rewards Credit CardLearn MoreLearn Moreon issuer's website
Building Credit: Capital One Quicksilver Secured Cash Rewards Credit CardCapital One Quicksilver Secured Cash Rewards Credit CardLearn MoreLearn Moreon issuer's website

Ultimately, the best credit card for couples depends on the couple’s interests, spending habits and goals. And if you’re getting a card together, it can be a good idea to take stock of your relationship. A joint account may make sense in a long-term commitment, but it’s a risky endeavor for a new relationship.

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Answer 1 · 2019-05-22 06:00:28

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@WalletHub • 05/22/19 This answer was first published on 05/22/19. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Wells Fargo joint credit card applications are no longer being accepted, as of May 2019, and they have not been available for a while. Wells Fargo recommends adding an authorized user to an account rather than applying jointly. The biggest differences between being an authorized user and a joint account owner are that authorized users can’t make changes to the account and aren’t responsible for making payments.

All major credit card issuers allow authorized users on their credit cards. Unfortunately, nearly all of them have discontinued joint credit card accounts. As of today, only U.S. Bank allows joint ownership of a credit card, though you will have to apply at a branch.

That being said, there are a few other big differences between authorized users and joint credit card users that are worth pointing out.

With a joint credit card, both parties have the authority to manage the account. This includes, but is not limited to, requesting credit limit increases, adding or removing authorized users, and even closing the account. Both parties share liability for charges.

The rules change for an authorized user. The user can only make purchases, and doesn’t have the ability to make changes to the account. But only the primary cardholder is on the hook for all charges on the account. Account activity will appear on both users’ credit reports. That allows authorized users to build credit. Unlike a joint accountholder, an authorized user can also dispute any negative information entered on their credit report as a result of the primary cardholder’s card activity, such as a late payment.

Does Wells Fargo have joint credit card applications?

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