What happens to joint credit cards when you get divorced?

Contact Us Today!
credit card

When you get married, a new life is created. Many things get merged into one. An example of this is your finances. Some couples choose to share bank accounts or credit cards, but what happens to your joint credit cards when you get divorced? If you are facing a divorce, the distribution of finances could be the most stressful aspect of the process. Contact a Suffolk County divorce & separation attorney for help with your case.

What happens to joint credit cards when you get divorced?

You may be navigating one of divorce’s highest areas of conflict. Likely, you have a lot of questions regarding how to best proceed with your finances, including maintenance of joint credit cards. You probably want to protect your credit, but are unsure who is responsible for payments after the divorce. You have several options. You may want to cancel the card, continue sharing the card, or pay off the card entirely.

What are important factors to consider?

When canceling a card, you should consider a few things. Many credit card company policies vary, so you will want to talk to the company directly to find out your options. For example, you may be able to close the account entirely, take your spouse off the account or create two separate but new accounts. Factors like points, rewards, and bills on autopay all matter when making this decision.

If you decide it’s best to keep the account open, you may want to work with an experienced attorney to draft an agreement of terms and conditions. It is important to make sure that payments remain up to date to protect your credit. Your attorney can help determine the allocation of payments and debt. This could protect you in case your spouse does not end up paying for his or her share of the bargain. Your legal written agreement may enable you to enforce payment through a court.

In some circumstances, keeping your credit card open may be the best choice. You may own a business together, pay for child-related expenses with that card, or need to avoid negative impacts on your credit.

Consider the bonus points and travel perks on that credit card. These may count as assets that amount to large sums of money. These assets can be negotiated, possibly converted into dollar amounts, and potentially used to pay down debt.

If you are facing a divorce and have concerns over how to handle your finances, speak with counsel now. You can trust that your concerns will be thoroughly handled with The Law Offices of Susan A. Kassel, P.C.

Why choose our firm?

We have an excellent AVVO rating from our many happy clients

We will tirelessly pursue a favorable resolution to your case

We offer aggressive and effective representation

We treat our clients with the compassion, patience, and respect that they deserve

We have more than 20 years of dedicated legal experience

We have the legal knowledge necessary to help you obtain the outcome you desire

We tailor our practice to the representation of your divorce case

What Our Clients Are Saying

I hired Susan to represent me in a divorce matter where I was fighting for custody and to limit my wife's equitable share of our assets. I won custody of our son, kept the marital residence, kept my professional practice, kept my building and paid less than half to my wife. This was after a long-term marriage. She could persuade the court that equitable is not equal and sometimes the man does deserve to win!

‐ Dave

I first must say that I had been represented by two prior attorneys both of whom had simply taken my money and left me nothing to show for it in my custody case. They kept telling me what they were doing for me but I found out they were lying. Susan on the other hand had gotten me temporary custody and support for my children and myself within two months of hiring her. I cannot say enough about her.

‐ Craig

After talking to a few other attorneys, I hired Susan to represent me in my divorce and custody dispute. I was reluctant to go with her because she was the cheapest out of all the other attorneys I met with, but I'm so glad I did. I am 100% positive no one else would have done such a great job with my case as Susan and her staff. Her work is quality, her staff is reliable and her character is honorable. There...

‐ Linda

I had a very difficult case where I had already burned through two attorneys who were unable to get me custody of my children and complete my divorce. Susan was able to rapidly work out an agreement and not let it just malinger on like my previous experiences. She was also considerate of my financial situation unlike all of the other lawyers I had spoken to. I highly recommend her if you want complete and caring service with an in-depth knowledge of...

‐ Joanne


The Law Offices of Susan A. Kassel, P.C. proudly serves clients throughout Suffolk County, New York in their divorce, family law, and estate planning matters. If you require the services of an experienced Suffolk County attorney, schedule a consultation with The Law Offices of Susan A. Kassel, P.C. today.

Recent Blogs


Contact Us Today!