Add-On Credit Card – Add-on card facility is available on most premium credit cards. A maximum of 5 add-on credit cards can be taken.
Credit card usage has become common. Its trend has increased rapidly from big cities to small towns. Especially at the time of Corona virus, people used credit cards the most. There has been a big increase in the number of credit cards available on easy terms. Whether shopping or online payment, credit cards are used for every big and big expense. Now a concept has been added to this credit card segment. This is called ‘Add-on Credit Card’. Add-on credit cards are also called supplementary or secondary cards. So what are these add-on credit cards and how do they work… Let us know.
What is this add-on credit card?
Depending on the statement of your credit card, add-on credit card can be taken for any member of the family, such as spouse, parents or children above 18 years. Those who cannot take a credit card directly, they can take an add-on credit card. Add-on credit card is issued only through primary / original credit card. Meaning more than one credit card is issued on the same account. Shopping with both types of cards is paid from the same account.
How many add-on cards can be taken at one time?
Add-on card facility is available on most premium credit cards. According to the rules of the card issuing bank, 1 to 5 add-on credit cards can be taken. Most of the features and benefits of an add-on card are usually similar to those of a primary credit card. Most credit add-on cards (add-on credit card) have a credit primary equivalent to a credit card, but some banks, according to the rules, keep the credit card of the supplementary card lower than the primary. If there is more than one add-on card, then the total credit limit of the primary card is divided between the primary and the add-on card.
How much does it charge?
Most banks offer add-on credit card benefits for free. However, some charges can be levied if different banks have different rules. Annual fees can be recovered. Charges are levied on the cards taken after a limited number of add on cards. The charge is also different according to different cards.
Can withdraw cash
Cash add-on credit card benefits (add-on credit card benefits) can also be withdrawn from an add-on card. The record of all transactions of the add-on card will remain in the primary card account. If you give a supplementary card to someone, then the complete record of transactions can be kept with that card. Like add-on credit cards, shopping can be done in India and abroad just like the original credit card. You can shop both online and offline. On the add-on card also you will get reward or bonus points like the primary card.
Primary cardholders keep these things in mind
The dues of the Add-on Cards are to be paid by the primary cardholder. So if there is a delay in repaying the arrears of these cards, then it gets included in the primary cardholder’s CIBIL report and the credit score can be affected. In case of non-payment of dues, the penalty for interest payment or wrong use of add-on credit card will also have to be paid by the primary cardholder.
