3 Things to Know About Supplementary Credit Cards

Image Source: Google

Supplementary credit cards, as the name suggests, are issued under your original or primary card. This card can be issued for family members, parents, spouse or children above 18 years of age depending on terms and conditions attached with the card. The credit limit on these cards differs from bank to bank.

How do Supplementary Credit Cards work?

  • All supplementary cards are issued in the primary cardholder’s name. They will be directed to the primary cardholder’s account when the dues are to be paid.
  • Usually the limit on a supplementary credit card is lower than that of the primary credit card.
  • Also, in case of multiple supplementary cards, the sub limit for these cards would be equally distributed among the supplementary cards.
  • The payment and transaction information with regards to each supplementary credit card will be recorded on the primary account itself. This helps keep track of each supplementary card’s usage easily as the statements would appear on the primary card account.

Supplementary Credit Card Fees & payments

Usually there is no fee involved for supplementary credit cards. And, sometimes banks or credit companies issue complementary cards up to a limit, above which a fee is charged for additional ones.

Your credit report will show the information with regards to your primary credit card so it is important that you make payments towards your primary card and supplementary credit cards before the due date each month. Not doing so can lead to a lower credit score.

Digital lending platforms look at how the borrower made payments towards his/her credit card. This helps build a good credit profile for the borrower.


Benefits of Supplementary Credit Cards

All transactions of supplementary cards are recorded over the same statement as the primary credit card, so all the information needed is available over one statement.

Banks and credit card companies offer reward points for usage of both primary and supplementary credit cards. These can then be redeemed for an assortment of rewards, including air miles in case of co-branded cards*.


39 thoughts on “3 Things to Know About Supplementary Credit Cards

  1. Pingback:7 Credit Card Charges You Should Know About While Applying

  2. 53416 352867Hello, Neat post. There is an issue along with your web site in internet explorer, may test thisK IE nonetheless will be the marketplace chief and a big section of individuals will pass over your outstanding writing due to this issue. 766267

  3. Pingback:Homepage

  4. Howdy! I’m at work browsing your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the great work!

  5. Hey there! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us useful information to work on. You have done a wonderful job!

  6. An exciting discussion is worth comment. I feel that you simply need to write extra on this topic, it could not be a taboo topic but generally persons are not enough to speak on such topics. To the next. Cheers

  7. I was really pleased to locate this web page. I wanted to thanks for your time for this superb read!! I absolutely enjoying every single small bit of it and I’ve you bookmarked to check out new stuff you weblog post.

  8. Does your website have a contact page? I’m having problems locating it but, I’d like to send you an e-mail. I’ve got some suggestions for your blog you might be interested in hearing. Either way, great website and I look forward to seeing it improve over time.

  9. Sweet blog! I found it while browsing on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I’ve been trying for a while but I never seem to get there! Cheers

  10. I’ve been surfing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. In my view, if all website owners and bloggers made good content as you did, the internet will be a lot more useful than ever before.

  11. of course like your web site but you have to test the spelling on several of your posts. Many of them are rife with spelling issues and I to find it very troublesome to inform the truth nevertheless I’ll definitely come again again.

  12. I’ve been surfing on-line more than three hours lately, but I never discovered any attention-grabbing article like yours. It’s lovely worth enough for me. In my view, if all web owners and bloggers made good content material as you probably did, the net might be a lot more useful than ever before.

  13. Hello There. I found your weblog using msn. This is a very well written article. I will make sure to bookmark it and come back to learn more of your useful info. Thank you for the post. I will certainly return.

  14. Thank you for another magnificent article. Where else could anyone get that kind of information in such a perfect way of writing? I have a presentation next week, and I’m on the look for such info.

  15. It’s perfect time to make some plans for the future and it is time to be happy. I’ve read this post and if I could I wish to suggest you few interesting things or suggestions. Maybe you can write next articles referring to this article. I desire to read even more things about it!

  16. Thank you for this article. I’d personally also like to mention that it can always be hard if you find yourself in school and merely starting out to create a long credit standing. There are many individuals who are simply trying to survive and have long or favourable credit history are often a difficult point to have.

  17. It’s perfect time to make some plans for the future and it is time to be happy. I have read this post and if I could I desire to suggest you some interesting things or advice. Maybe you could write next articles referring to this article. I desire to read even more things about it!

Leave a Reply

Your email address will not be published. Required fields are marked *