A credit card account that is equally shared by two or more individuals where both individuals assume legal responsibility to repay the debt.  The individuals involved all share the associated rights and liabilities of the credit card account and are regarded by law as co-owners of the account.  Joint credit and joint accounts are usually based on both individual’s combined assets, incomes and credit report and both parties are responsible for the credit card payments and the credit card balance should default occur. This means that if anything happens to the account, such as defaults, overdrafts and credit card fraud, all parties are affected.  A joint credit card account is different from having an authorized user on an account, an arrangement in which case only one person is responsible for the credit card debt and credit card payments.  Often couples that fill out a joint credit application and get a new credit card as a joint account may qualify for a higher credit card limit.

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