Combine Credit Application

Aug 6th, 2022
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How to Combine Credit Application

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Combining credit card data in Excel can be difficult due to manual methods like copying and pasting or using VLOOKUPs. This tutorial will guide you step-by-step on how to effectively combine data from multiple credit cards using Power Query in Excel, and show you how to easily update these files monthly. To begin, you need to download your credit card data, such as from American Express. Go to "Statements and Activity," select a custom date range (e.g., January), and click the download button to obtain an Excel file. Stay tuned for more assistance and don’t forget to like and subscribe for updates!

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.
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Some issuers offer joint credit cards or co-signers. But those options are becoming less common. So if youre interested in sharing a credit card, consider adding an authorized user to a credit card you already have.
A balance transfer can be used to consolidate multiple balances into one credit card account. Part or all of your debt from other cards is moved to the balance transfer card. And you then make monthly payments to the new card going forward.
Capital One credit inquiries will be combined. But Capital One will only approve you for one credit card application within every six months. (Combining credit inquiries will only make a difference when declined for your first try and you want to try a new one..)
A joint account can help account holders improve their credit. If the account is kept in good standingmeaning payments are made on time, every timea joint account can help lift the credit scores of a cardholder who could benefit from positive credit history.
You could also open a joint credit card account with your spouse. With a joint account, you both share the same responsibilities in managing the account and are equally responsible for paying it back.
Possible balance transfer charges If you plan to combine multiple credit cards that are all carrying a balance of their own, you could incur balance transfer fees of anywhere from 3% to 5% or more. This means it might be worthwhile to pay off the card that you want to give up before combining credit cards.
Joint credit card accounts are rare these days. Most major issuers dont offer them, as they prefer that a card account be the responsibility of a single individual. In a joint credit card account, both account owners are equally liable for all debt on the account and can see all charges made on the card.

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