BF and I have been together for 6 years now. I know cah-raaazy. He's working on saving up for a ring I swear. I think. I hope. Anyway we know everything about each other's finances as I've talked about before but we haven't combined accounts because it's just easier to keep everything separate. Once we buy a place together, get married and have kiddos I'm sure that will all take place but right now we are taking it slow with combining accounts.
I incessantly nag him to open up a card for rewards. He has the same crappy Thank You card that I have from Citibank and he has other credit cards with a zero balance (thank goodness!) but he prefers to pay with debit. He says he helps small businesses (which I totally get) but he could be getting rewards! Cash back! Anything! If any of you know how hard it is to get someone to change their old ways, it's like beating a dead horse. Nothing and I mean NOTHING will change their minds.
Yesterday when I mentioned to him that I was opening up a Freedom card he surprisingly took interest. However when I told him he should open one and that I'd even manage it for him (not paying for it, just making the payments for him from his bank account), he went off on his tangent again of not wanting to open up another card. He has a ton of accounts and he hates remembering all that stuff. I can't force him to do what he doesn't want to do anyway. He suggested that I add him onto my card as an authorized user so that he could build up my credit (not that it needs building, mind you) but also so we can rack up more points. I know I titled this post "joint credit cards" but we're only thinking of doing the adding an authorized user thing, which is really not a joint credit card because it doesn't help the authorized user's credit and it doesn't do a pull on their credit either.
Now, I truly trust him but I'm not stupid (heck I write contracts for a living) and I think before this happens we should draft up and execute a domestic partner relationship agreement which addresses the fact that we will both be liable for the charges if anything should happen. I'm not sure how strong this would hold up in court but it is something.
My big dilemma now would be how to separate the transactions. It wouldn't be beneficial for us to just use it as a joint expenses credit card because I spend more than him and it wouldn't be fair to split everything in half. I also am a bit worried (okay I'm freaking out) about how this will affect my budget and Mint account. I am super OCD about my budget and Mint account and I don't want his transactions clogging it up! I don't want to exclude every single one of his transactions either.
Anyone have experience with this sort of thing? Does anyone know if Chase can separate transactions from an authorized user even though it's on the same account? I'll probably be calling Chase this weekend. Anyone have horror stories with joint credit cards, adding an authorized user, or any advice in general regarding this topic? Would be helpful! Thanks:)