Credit cards are an excellent tool for managing finances and getting additional benefits. Primary cardholders can extend these advantages to family members through add-on credit cards. Here are some add-on credit card benefits:
- Shared credit limit
- Reward points and cashback
- Joint card statement
Credit cards are great for making purchases or paying bills before receiving your salary or income from other sources. Banks and financial institutions issue credit cards based on different eligibility criteria. Once you have a card, you can apply for an add-on.
Definition of Add-On Credit Cards
If you’re new to credit cards, you may need to become more familiar with add-on cards. These are additional cards issued to the primary cardholder who has been initially approved for the credit card.
Once primary cardholders have proved their credibility, they can apply for add-on cards for family members, including:
- Parents
- Spouse
- Siblings
- Children
How to Apply for Add-on Credit Cards
You need to initiate the application process to access the numerous benefits of add-on credit cards. While the exact steps may vary from bank to bank, the general procedure involves the following steps:
- Step 1: Visit your bank/issuer’s website
- Step 2: Go to the credit card section
- Step 3: Select add-on card application form
- Step 4: Share the correct details of the add-on user (such as name, address, occupation and more)
- Step 5: Add the required KYC documentation for verification
- Step 6: Wait for approval
You need to submit the following documents to get add-on credit cards:
- Application Form
- Photocopy of Identity Proof
- Photocopy of PAN Card
- Photocopy of Address Proof
You can use the following documents as proof of identity and address for the add-on member:
- Aadhaar card
- Passport
- Driving license or learner’s license
- Voter’s ID
- Ration card
- Company or educational institution photo ID card
- Student ID card
- OBC photo card
After completing the application process, you need to wait for approval. Once you get the add-on credit card, your family members can begin enjoying its benefits.
Add-on Credit Card Benefits
Such cards can help your loved ones access credit card benefits even if they do not qualify for the card on their own. Here are some advantages:
Zero Joining Fees
Most banks and financial institutions offer customers add-on credit cards with zero induction fees. This means you don’t have to incur any costs for the add-on credit card for your family members. Additionally, many credit card issuers do not impose the following charges:
- Annual charges
- Reward redemption charges
More Reward Points
All payments are charged to the primary credit card, but rewards are accumulated across all linked add-on cards. This makes it easier to earn points and enjoy add-on credit card benefits. You and your family members can redeem these rewards for various merchandise, discounts on travel and gift vouchers based on your card’s rewards program.
One Bill, Multiple Users
There is usually a single bill for all add-on credit cards, with the primary cardholder responsible for the payments. However, all cardholders can use add-on cards and enjoy the associated benefits. Each add-on cardholder can access the various perks offered by the credit card.
- Ease of use
- Automating recurring bill payments
- Discounts on purchasing via partner retailers
- Reward points and cashback
Better Credit Score
Successfully using and paying add-on credit card bills can enhance your credit score as a primary cardholder. A higher credit score often leads to increased credit limits and increased chances of approval for new credit on pocket-friendly terms. By managing add-on cards effectively, you can enjoy higher credit limits and boost your credit health.
Teaching Responsible Usage
The card limit is shared among all add-on cards. The primary cardholder can monitor and manage the spending for each add-on cardholder. This makes it a useful tool for parents who want to provide credit cards to their children while keeping expenses in check.
There are other add-on credit card benefits which your family can experience, such as avoiding extra fuel surcharges and making efficient contactless payments. They can also take advantage of the rewards program and other perks, which vary based on the card.
Before going for an add-on card, check the fees that apply, as well as the spending behaviour of the family member you plan to give the card to. It is best to get a card that makes managing the credit limit and spending behaviour easy for you.
To experience the smoothest add-on journey, try the One Credit Card. OneCard’s MyFamily Advantage program allows you to add up to 5 add-on credit cards for family members and share your credit limit with them. You can manage and pay their card bills directly from the One Credit Card app while tracking their spending. You can even set their spending limits with a tap!
You and your loved ones can earn 5X monthly reward points on the top two spending categories with this stylish metal credit card. It also reduces your expenses with zero annual and joining fees. What are you waiting for? To get this lifetime-free credit card, apply online now!
