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There's some good information in this wiki post, but it doesn't cover all my needs.

I currently autopay all bills from a 1% cashback rewards Capital One credit card, which essentially funds one full vacation a year. I'm about to move in with my girlfriend, and we're about to open up a joint account and pay off shared expenses from there.

My ideal setup is a joint rewards card we can proportionally autopay every month from our personal accounts. But, it sounds like it's difficult to get a joint credit card. As well, our landlord typically uses Venmo, but that can lead to extra fees if paying by credit card.

Here's what I'm hoping to do:

Goals

  1. Autopay shared bills and get rewards on payment (ideally 1% cashback or higher).
  2. Autopay some proportion (not necessarily 50/50) of the entire monthly credit card amount from our separate chequing accounts.
  3. Bypass the standard 3% fee if paying a bill by credit card through Venmo.
  4. Protect both my SO and myself from each-other's potential negligence and/or malice -- e.g. making sure a messy break-up doesn't ruin either's financial lives (far from anticipated, but always good to have assurance).
  5. Ensure that neither one of myself or my SO has a lower credit score because either one's taking on all the combined debt.
  6. Ensure complete transparency to both parties at all times.

The three options I can think of don't handle all cases:

Solutions

  1. Joint credit card doesn't sound like it really exists.
  2. Shared chequing and payment over Venmo doesn't handle #1, but handles the rest..
  3. Personal credit card with authorized user could be tricky for goals #4 and #5, and doesn't handle goal #3.

Solution #3 It also makes things feel a bit unbalanced, but that might be the best pick. Anyone familiar with a setup that allows this?



Submitted April 15, 2019 at 08:31AM by nckswt http://bit.ly/2IyCQP3

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