Can You Apply for a Credit Card With a Co-Signer? Learn About Your Options

A poor credit score can significantly reduce your chances of getting the credit card of your choosing. One way to overcome this problem used to be to get a credit card with a co-signer.

In this article, we’ll go over the definition of a co-signer and the requirements to become one. Given that, as of January 2025, no major credit card issuer offers this option, we’ll also explain what the alternatives are.

What Is a Credit Card Co-Signer?

A credit card co-signer is a person who agrees to pay the card’s outstanding balance or debt if the credit card account holder doesn’t meet their payment obligations. For that reason, this person has to be someone with a proven ability to make timely payments, i.e., someone with a good credit score.

Their purpose is to help the person they are co-signing for to obtain a credit card. That person might not be able to get one otherwise, either due to bad credit or having no credit at all.

Naturally, there were some requirements for becoming a credit card co-signer, back when some credit card providers allowed this. Although in many cases, people would turn to their close family members to be their co-signers, this was not a requirement. 

Your co-signer could be anyone with a sufficient FICO® score who is older than 21 years. In other words, any adult who demonstrated their ability to make minimum payments.

Credit Card Co-Signer vs. Authorized User

An authorized user and co-signer are two distinct terms, and are not interchangeable. Authorized users can use someone else’s credit card. However, the primary cardholder is still responsible for any debt left on the credit card.

Authorized users’ creditworthiness is directly impacted by how the primary user uses the card. In other words, if they fail to pay what they owe, this can hurt both credit scores on the account, while if they use the card responsibly, both scores will improve.

On the other hand, a co-signer is there to help a person with a poor credit score qualify for a credit card. The primary user won’t be sharing their credit card with anyone, so the co-signer doesn’t have access to the account. Rather, they just sign an agreement that if the person they are vouching for doesn’t make timely payments, they will make their payments instead.

One similarity is that neither the authorized user nor the co-signer has the authority to make any changes to the primary cardholder’s account.

Credit Card Co-Signer vs. Joint Owner

In the case of a joint account, there is no primary account holder, as both parties are equally responsible for maintaining the account. In other words, they share the obligation of making all their payments on time and the same credit limit. The credit card issuer will examine the credit history of both individuals before issuing the card, with equal credit score requirements.

The main distinguishing factor between a joint owner and a co-signer is that the co-signer is only obliged to pay off the debt if the primary cardholder doesn’t. The joint account option means both parties are equally responsible for settling credit card debt.

Credit Card Issuers: Which Ones Allow a Co-Signer?

Unfortunately, currently, it’s very challenging to find a financial institution that will issue you a credit card with a co-signer. For example, Bank of America, USAA, and US Bank used to allow credit card co-signers, but this is no longer an option in any of these banks. Currently, the only option is to turn to some local banks or credit unions.

However, Bank of America does allow students to obtain a credit card with a guarantor. When a student’s application is denied, they will receive a guarantor letter from the bank. Like a co-signer, a guarantor serves as a backup, as they will be responsible for any debt the primary cardholder doesn’t pay off.

Pros and Cons of Credit Card Co-Signing

The most obvious perk and significant reason people would obtain a credit card with a co-signer is because it was a way for people to get an unsecured credit card even if they don’t meet the credit score requirements.

While there are other options for people with bad credit scores to acquire cards, such as becoming an authorized user or getting a secured credit card, several other benefits of having a credit card with a co-signer prompted people to turn to this solution.

With a co-signed card, you are still the primary cardholder, which is not the case when you’re an authorized user. Moreover, to obtain a secured credit card, you need to leave a deposit, while no deposit is required when you have a co-signer.

On the other hand, there are some major drawbacks to this arrangement, as well. The main issue is the risks involved, most of which fall on the co-signer, as they are the ones responsible for resolving the debt if you don’t manage to do so.

Falling behind on payments or defaulting reflects poorly not only on your credit score, but on the co-signer’s, as well. All of this can negatively impact your relationship with the co-signer. Therefore, it was imperative that you chose this option only if you were certain that you could make all your payments on time and that the person co-signing was prepared for the potential fallout.

What Are Your Other Options?

Not everyone has someone in their life who would agree to be a co-signer, and even if they did, we’ve seen that it’s not an option anymore, anyway. Luckily that is not the only thing people with bad credit can do to acquire a credit card. Here are some credit card co-signer alternatives.

Acquire a Secured Credit Card

One alternative is acquiring a secured credit card. Secured credit cards are easier to get approved for than their unsecured counterparts. That’s because a secured credit card requires you to leave a deposit, and an unsecured credit card doesn’t.

The deposit is there to serve as collateral for the credit card issuer and as your credit limit. Therefore, secured credit cards can be a great way to build credit, as they are available for people with poor or no credit.

Become an Authorized User

Becoming an authorized user on someone else’s credit card is probably the most similar option to getting a credit card with a co-signer. As we’ve already explained, an authorized user receives a credit card linked to the primary cardholder’s account.

They can make purchases using the card and have access to the credit limit. It’s up to the primary cardholder to make sure there is no debt, however. Still, if the primary user fails to make their payments, it will reflect poorly on their and your credit score alike.

Get the Credit Card from an Alternative Issuer

Similarly to a secured credit card, an alternative credit card is a type of credit card designed for people with insufficient credit.

You may not get rewards with some of these cards, but they can be a viable option, as they don’t require you to leave a deposit. However, they do come with some specific requirements.

Some of them require a fair score, for example. Others don’t have any credit score requirements, but ask you to sign up for specific subscription services, such as Netflix and Spotify. Keep in mind that these cards may come with lower credit limits, too. 

Options Beyond Credit Cards

While having a credit card can be convenient, as you have renewing credit at your disposal each month, there are some alternatives to getting a credit card you may want to take into account.

Depending on your needs, for instance, you may opt for a short-term loan for bad credit. This can be a lifesaver for people who are momentarily struggling with paying their bills. However, you should remember that these loans' interest rates are generally much higher than average. On the other hand, for some, long-term bad credit loans may be a more suitable option.

Those who wish to bypass the high APRs typical for bad credit loans, may apply for a guarantor loan. This type of loan works on a similar principle as credit cards with co-signers. Namely, you get someone to be your guarantor, which means they agree to pay off your debt if you don’t.

Bottom Line

Getting a credit card with a co-signer was a viable solution for those who couldn’t acquire an unsecured credit card otherwise, but were certain they could make their payments on time. Most people would turn to their relatives or close friends for this kind of obligation.

As of 2022, all major United States banks have withdrawn this option, so you’ll have to consider other options if you don’t wish to turn to local banks or credit unions. Some alternatives include obtaining a secured credit card or becoming an authorized user.