Credit Rating Question for Married Couple
Hey guys. Quick question. My wife and I got married this past summer and right now the only credit card we have is the Costco AMEX. We're looking into options now for either a VISA or a MasterCard and we had a question about maintaining and building your credit rating. If we have credit cards that are only in my name, or only in her name, will that mean that only that one person is considered to be developing their credit? What happens if 10 years down the road the other person decides to apply for credit, will they be declined because they'll have no credit history for that time? What if we apply together, as joint applicants. Does the primary applicant get their credit rating impacted? Do both do? How does that work?