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Joint bank account or not?

Joint bank account or not?

Old Oct 1st 2018, 6:27 pm
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Default Joint bank account or not?

If I am trying to build up my credit rating in the US as the permanent resident - is it better for me to open an account alone or have it as a joint account with my wife ( US citizen)?

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Old Oct 1st 2018, 6:42 pm
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Default Re: Joint bank account or not?

Makes no odds with joint bank account.

Get on her credit cards as an authorized user though, that'll bump your score quickly as long as it's a decent limit with low utilization.
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Old Oct 1st 2018, 7:08 pm
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Default Re: Joint bank account or not?

No difference when it comes to credit.
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Old Oct 1st 2018, 7:08 pm
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Default Re: Joint bank account or not?

Originally Posted by Jack8602 View Post
Makes no odds with joint bank account.

Get on her credit cards as an authorized user though, that'll bump your score quickly as long as it's a decent limit with low utilization.

Thanks.
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Old Oct 1st 2018, 11:16 pm
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Default Re: Joint bank account or not?

We had joint checking and individual savings. Added him to one of my cards and within six months his rating was in the 700s. Got car loan on his own after that.
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Old Oct 2nd 2018, 10:01 pm
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Default Re: Joint bank account or not?

Would definitely agree the advice on getting on spouse’s credit card. I did that and the Amex global transfer. Didn’t open a joint account. Arrived late April and have just checked and my score is in the high 700s.
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Old Oct 3rd 2018, 9:29 pm
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Default Re: Joint bank account or not?

Makes no difference unless it's a US Bank account with overdraft protection. Most checking accounts do not have a loan aspect associated with them, but the odd one does.
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