If your credit card charges you an annual fee for extra cardholders, it could really add up. Start saving with free additional cardholders.
There are various reasons for having a supplementary cardholder on your credit card account:
The primary cardholder is solely responsible for any debt incurred on the card account. This includes any purchases made or cash advances received by the additional cardholders. Although in practice the account may be managed, and repayments made, by an additional cardholder, the final responsibility rests with the primary cardholder.
The limit varies from card to card. Some cards have no free supplementary cards, while others may allow one only, or up to 10 or more, or an unlimited number.
Yes. Most card providers require supplementary cardholders to be at least 16 years of age.
Yes, if the primary cardholder grants them permission and instructs the bank to give them online access.
Yes. You will find exactly the same range of features – a variety of interest rates and annual fees, balance transfers, rewards points and other complimentary benefits – in both kinds of cards.
No. The card account has a global limit, which is shared by all cards participating in the account.
No. The name on the supplementary card will be the name of the supplementary cardholder. It looks just like a primary card.
No. Each card on the account has a different number. This helps to identify who made each transaction on the account. The monthly statement should identify the card number used for each transaction.
No, in Australia only the primary cardholder interacts with the credit reporting system. However, being an additional cardholder may be a way of establishing a credit history with an individual bank or card issuer.
A supplementary cardholder is not held responsible for the debt by the issuing bank. But for a joint account credit card, the responsibility for the debt is shared by the joint account holders. This is called ‘joint and several liability’. It means that, in the event of a payment default, each of the account holders could be pursued for a part of the debt or the entire debt. However, the largest Australian financial institutions do not offer joint accounts for personal credit cards, so if you want this kind of account you will be limited to the smaller banks or credit unions.