Should married couples avoid joint credit altogether?
Couples are best served by establishing credit separately. In fact, it puts them at an advantage in the credit game as they can leverage each other’s credit when necessary. For instance, if you need a new line of credit, you can transfer a portion of your balance to your spouse’s card, thereby lowering your utilization rate and qualifying for the best interest rate available. Also, individual lines of credit protect both parties from losing complete ownership of their credit score.
