Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

Secret Credit Card Common Among Couples

[Wednesday, March 2nd, 2016]

Couples are keeping secrets from each other, according to a recent survey—and one of the biggest ones is how much they’re spending on their credit cards.

Forty-one percent of respondents said they’ve spent more than $100 without their partner knowing about it, and a report estimates that 13 million people have either a hidden bank account or a secret credit card. The survey asked people with a live-in partner, a spouse, or a significant other about their financial behavior with regard to their relationship.

Nineteen percent of those surveyed said they’ve spent more than $500 without telling their partner, with men being almost twice as likely as women to have spent that amount behind their loved one’s back.

Some people don’t mind the wool being pulled over their eyes

Perhaps the more surprising finding was that folks don’t seem to have a problem with this secret-keeping behavior. Twenty-four percent of people think that it’s okay for their spouse or partner to spend even more than $500 without giving them a heads-up. A larger percentage—47%—said that it was okay to spend more than $100 on the sly, but not more than $500.

The generational divide over secret keeping

When broken down according to age, middle-aged folks (between ages 30 and 64) were more likely to spend small amounts of money without notifying their partner. Millennials—people under 30—and seniors were less likely to spend more than $25 without telling their partner.

There was another demographic difference in the answers, as well. Middle-class people were more okay with their partners spending over $500 in secret, while lower and upper middle class folks thought spending that much money warranted a discussion. And geographically speaking, folks in the Northeast were more likely to have spent $500 without letting their partner know.

Advisors warn against secret keeping

Financial experts and relationship experts both say that it’s healthier for couples to tell each other about what they’re spending. Keeping secrets, they said, isn’t a good idea. It can lead to misunderstandings, communication breakdown, and even financial problems that mushroom out of control.

It’s a good idea for folks to tell each other about their bank accounts, credit cards, and spending habits, say the experts. Having an open discussion about these things is the healthiest way to go. When in doubt, tell your partner.

The survey was conducted by telephone and included responses from 1,000 adults in the United States.

Read also

New Business Card From U.S. Bank Offers Value Where It’s Most Needed
[October 13th, 2018]

Most people are familiar with rewards credit cards that give members bonus cashback in certain categories that change each quarter. But U.S. Bank’s new business credit card will let companies earn more rewards by offering the biggest bonuses in categories where they spend the most each statement period.

Continue reading ››

Propel Card From Wells Fargo And American Express Offers Triple Reward Points
[July 16th, 2018]

Wells Fargo and American Express have announced changes to their no-annual-fee Propel card, making it an even better deal for customers who use streaming video services, order food and go out to restaurants, and travel frequently.

Continue reading ››

New Chase Credit Cards Offer Big Rewards For Travelers
[April 18th, 2018]

There are two new rewards credit cards available for travelers who want to collect extra points when checking in to their favorite hotels. The IHG Rewards Club Premier card and the IHG Rewards Club Traveler card from Chase Card Services offer reward points, free anniversary nights, elite membership stats, no foreign transaction fees, and more.

Continue reading ››
Copyright © 2003-2018 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.