A joint credit card allows for two cardholders to share financial responsibility equally, meaning both parties are responsible for making payments.

Joint credit cards are typically a sustainable option for spouses or partners who share finances or for cardholders seeking to save money on interest or build credit, according to Lexington Law, a credit repair firm.

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If credit card owners are considering opening a joint credit card, consulting with a financial adviser may be the first step, because the application process is unique to each banking company.

The practice of joint credit cards is becoming increasingly rare, but a few larger banks still offer this option, including US Bank, PNC, and Capital One. The Apple Card allows up to six accounts to sign on to a credit card as co-owners. Small local banks or community banks may offer more options when it comes to getting a joint credit card.

Applying for a credit card, whether it’s a joint account or an individual, requires the submission of personal information such as a government name, addresses, government identification, and income information.

Most card companies allow customers to apply online or in person, and depending on the bank company, it may take several days to get approved.

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There is a key difference between a joint credit card and having a co-signer or adding an authorized user.

A co-signer is someone who vouches for the credit-card applicant, acting as another option to make payments if the main cardholder can’t. Adding an authorized user gives another individual access to the main cardholder's account, but the authorized user isn't financially responsible for the account.