Eventually, when we were thinking about buying our first house, we realized that in order to make things easier moving forward, we should open up a joint bank account. Because the bank that we chose to use was also attached to my credit card, we decided to get a second card for him to use as well.
We also had his credit card that had a higher limit, which especially when we were purchasing items for our new house, came to be quite useful. What we really liked about this credit card was that it was one of those cash back credit cards where at the end of the year, you receive a cash credit on your bill. The money off of your bill is a percentage of how much you spent on your credit card throughout the year.
We found this particularly useful because come December, our budget is always on the tighter side due to the Christmas holidays and shopping. It is always nice that our bill is lower than we had in our original budget for the month. We consider it an added bonus.
To this day, we still have both credit cards. One in my name and one in his. It is important that we both establish a good credit.
His credit card is our main one because of the extra bonus of getting cash back at the end of the year. One can receive gift cards, discounts and more, but there is nothing better than plain old cash back!
Do you have a credit card? What kind of perks do you receive?
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