Joint account credit card

[pratik0009]

Consider a scenario where my wife and I open a joint bank account with a credit card linked to it. Would this affect our credit scores in any way?

 

[luciferocious]

Consider a scenario where my wife and I open a joint bank account with a credit card linked to it. Would this affect our credit scores in any way?

credit card has no relation to a bank accounts doing

 

[pratik0009]

credit card has no relation to a bank accounts doing

Is this possible that the credit score will increase for both of us?

 

[luciferocious]

Is this possible that the credit score will increase for both of us?

no.. credit card issued to the person is sole responsible(for cibil score) along with addon cards if any

 

[Skylar]

Consider a scenario where my wife and I open a joint bank account with a credit card linked to it. Would this affect our credit scores in any way?

Which bank are you talking about?

- Most bank sites it is mentioned that in case of default, credit scores of both will be affected.

 

[abhimarda]

Consider a scenario where my wife and I open a joint bank account with a credit card linked to it. Would this affect our credit scores in any way?

I assume that the credit card is only in your name and there is no add-on card taken on that credit card for wife. Also assuming that the credit card is provided on unsecured basis and you do not have any other credit card either. If both the above is true then it will not affect credit score of your wife. And based on your payment history and indebtedness as appearing in credit reports, your credit score will change.