What is Add-On Credit Card?How to Apply for an Add-On Credit Card?

Nowadays, it becomes difficult for a family to manage various expenses such as household bills, shopping, travel, and children’s education expenses. Add-On Credit Card has become a very useful tool to solve this problem.

What is Add-On Credit Card?

An add-on credit card, also called a supplementary or secondary card is an additional credit card issued by a bank under the account of the main credit card holder. It can be used by family members such as spouse, parents, siblings or adult children. However, the main cardholder is solely responsible for paying all the charges on this card. Banks issue a separate card in the name of other family members on the request of the main cardholder, but its spending limit is linked to the same as the main card. It shares your credit limit, but you must pay the bills.

Features of Add-On Credit Card

• Add-on credit cards are usually lifetime free and come with no joining or annual fee.
• The primary cardholder is legally responsible for all spending and payments.
• Purchases made on add-on cards directly reduce the available limit of the primary account.
• All monthly transactions from every secondary card appear on the primary holder’s single statement.
• The family member does not need a job or income proof to get one.
• The person using the Add-On card must usually be 18 years or older.
• If the add-on user spends too much or misses payments, it hurts your credit score.

How It Works?

Shared Limit: The card uses the credit limit of your main card. For example, if the main card has a limit of Rs 1 lakh, then both the cards can be used together up to that Rs 1 lakh and all the details of it come in a single statement. Most banks allow you to set a specific sub-limit for this card, so you can easily control your spending.

Shared Benefits: The user gets the same rewards, discounts, and lounge access as your main card. The faster the number of people using the card, the faster the reward points and cashback are accumulated. Like the main card, this card also offers various offers, lounge access, and other lifestyle benefits.

Consolidated Statement: All charges show up on your monthly statement. Using this add-on credit card makes it very easy to track all the family expenses as they are recorded in one place and all the details of it come in a single statement.

Your Debt: You are fully responsible to pay for all purchases made on the add-on card.

How to Apply for an Add-On Credit Card?

To apply for an add-on credit card, you can use your bank’s net banking portal, mobile app, or visit a physical branch. The primary cardholder must initiate the application, and the supplementary user must provide basic identity proof. While the application process and eligibility criteria vary from one issuer to another, below are some of the common steps that the primary cardholder needs to follow in order to apply for an add-on credit card:

• Log in to the net banking or mobile app of your primary card issuer.
• Under the credit card section, select ’Add-on cards’ or ‘Supplementary cards’.
• Provide basic information like, name and address of the additional cardholder and the relationship with the primary cardholder.
• After a successful verification, your add-on card will be sent to the address given at the time of application.

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