What does supplementary card holder mean?

Supplementary credit cards, sometimes also called add-on cards, allow primary credit card holders to assign an additional credit card for the use of their loved ones or friends, with the supplementary credit cards sharing the same credit limit as the primary credit card they are tied to.

What is HSBC supplementary card?

What is a HSBC Add-on Credit Card? Supplementary or add-on credit cards are additional cards provided under the primary credit card to relatives of the primary cardholder.

Does having a supplementary credit card build credit?

Even though your supplementary credit card has your name on it and a unique number, as an authorized user, your card activity won’t go towards building your credit score. That said, the primary cardholder’s credit score could be affected by the actions of their authorized user – for better or worse.

How do American Express supplementary cards work?

Supplementary Cards can be requested for anyone aged 18 or over. If approved, you will be responsible for any spending on your Account made by the Supplementary Cardmember. The first Supplementary Card is complimentary on the Preferred Rewards Gold Card, subject to approval.

Who can be a supplementary card holder?

When you ask the bank to issue a supplementary credit card on the basis of your own credit card (primary card), you can pass the supplementary credit to any family member like your parents, spouse, and children who are over the age of 18 years and the like.

Does supplementary card have annual fee?

Annual fees on supplementary cards are usually half of the annual fee of their primary card.

Who can be supplementary card holder?

Can I give supplementary card to a friend?

A supplementary credit card is a secondary card issued under a credit card account that the principal or primary cardholder can give to a family member (child, spouse, sibling, or parent), partner, or trusted friend.

Does adding my wife to my credit card help their credit?

1. Make your spouse an authorized user on your credit card. By someone as an authorized user on your credit card account adds your credit history to their credit report. The credit-building effect works even if you don’t give the authorized user a card to carry and use.

How many supplementary cards can you have?

And, the number of supplementary credit cards which you can apply for varies from bank to bank, but it’s usually in the range of three to five. Benefits: Usually the benefits/ features of your supplementary cards are same as the benefits/ features you have on your primary credit card.

Can you have 2 Amex cards at once?

Consumers may only have four American Express products at a time. It is important to note that American Express offers multiple types of cards — business cards and consumer cards — and that the rule only applies to consumer cards where you are the primary cardholder.

What is supplementary card fee?

It is a privilege offered to the spouse, parents or children of the primary credit card holder. The fee for an add-on card varies between Rs. 125 to Rs. 1,000 depending on the type of card and all expenses incurred on an add-on card are billed to the primary cardholder.

How does a supplementary credit card account work?

Supplementary cards are pretty straightforward. The primary cardholder can add an authorized user their account. That user could be a family member, caregiver, or even a friend. Although each additional card will have a unique credit card number, the account is managed by the primary user.

Is there a spending limit on a supplementary card?

In every case, the spending limit for your supplementary card is never greater than the primary cardholder’s maximum credit for their card. However, a cardholder can also set a spending limit for an authorized user that has a supplementary card on their account.

How to add a supplementary card to your American Express account?

Add a Supplementary Cardmember to your Account and share the benefits of American Express with those close to you.

Can a primary cardholder cancel a supplementary card?

However, a cardholder can also set a spending limit for an authorized user that has a supplementary card on their account. Once you reach that limit, you can’t make any transactions with your card until your balance is below that limit. The primary cardholder also has the right to cancel your card completely.