I heard that credit cards have “auxiliary cards”. What does this mean? What is the function?

1. The so-called "additional card" or supplementary card refers to the credit card that the main credit card applicant applies to his immediate family members when applying for a credit card, which is the supplementary card. The supplementary card and the main card are for different holders respectively.

2. Function

The supplementary card has a credit limit, but the source of its limit is the main card. For example, the credit limit of the main card is 10,000 yuan, and the limit set by the supplementary card is 5,000. If the supplementary card spends 5,000 yuan, then the supplementary card will have no limit at this time, and the main card's limit will only be 5,000. It can be said that the supplementary card and the main card use the same limit, and the limit setting of the supplementary card must be smaller than that of the main card.

Extended information:

Regulations

Each main credit card can apply for up to two supplementary cards (the bank can stipulate it independently). The main cardholder has The right to request cancellation of its supplementary card. The credit limit of the supplementary card is designated by the principal cardholder on the premise that it does not exceed the credit limit of the corresponding principal card; if the principal cardholder does not specify it, the credit limit of the supplementary card is the same as that of the principal card.

All transaction amounts and corresponding interest and fees of the supplementary card will be charged to the main card account, and the main cardholder shall bear all repayment responsibilities. However, the principal cardholder and the supplementary cardholder are jointly and severally liable to each other for repaying the amounts owed.

Advantages

Supplementary cards can bring a lot of convenience to daily card swiping applications. Applying for a supplementary card at the same time as the main card makes it easier for supplementary card users to use the card, and the limit can also be controlled independently by the main card. It is a good choice for home financial products.

Baidu Encyclopedia - Credit Card

Baidu Encyclopedia - Supplementary Card

How to handle the supplementary credit card

How to handle the supplementary credit card? Two ways:

1. Apply at the same time as the main card: When applying for a credit card, check the box to apply for an additional card when filling out the application form, and fill in the identity information of the secondary cardholder at the same time.

2. Follow-up processing of the main card issuance: After the main card is issued, the main cardholder needs to go to the corresponding bank branch to fill in the supplementary card application form, provide the main card, and the supplementary cardholder's identity information and then submit it Just give it to the bank.

For more information about how to apply for an additional credit card, go to: View more content

What are the requirements for a credit card to apply for an additional card?

To apply for an additional credit card, you need to meet the following requirements Conditions:

1. Applicants for supplementary cards must be at least 13 years old and provide the front of the ID card (such as a copy of the ID card).

2. To apply for an additional card, the principal cardholder must agree to apply for an additional card.

3. Applicants under the age of 18 can only apply for supplementary cards of their legal guardians.

After meeting the above conditions, cardholders and supplementary card applicants should go to bank branches to apply. It should be noted that a maximum of three supplementary cards of the same card type can be applied for under the name of the main credit card card. The supplementary credit card card cannot be registered for personal online banking separately, but can be added to the personal online banking of the supplementary cardholder.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line.

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, cardholder name, etc. are printed on the front, and there is a chip on the back. Magnetic strip, signature strip. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

It is said that one day in the 1950s, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet and had to call his wife to bring cash. McNamara came up with the idea of ??starting a credit card company because he felt embarrassed about paying the bill at a restaurant.

In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York, the predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases at 27 designated restaurants without having to pay cash. This is the earliest credit card. This kind of credit card that does not require bank processing is a commercial credit card.

In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card, becoming the first bank to issue a credit card.

In 1959, Bank of America issued the Bank of America card in California. Since then, many banks have joined the ranks of card-issuing banks. By the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards became popular not only in the United States, but also in the United Kingdom, Japan, Canada and European countries. Since the 1970s, Hong Kong, Taiwan, Singapore, Malaysia and other regions have also begun to handle credit card services.

What’s the matter with having two credit cards?

The reasons why there are two cards when applying for a credit card may be:

1. When applying for a credit card, you checked the supplementary card Options

Nowadays, credit cards have their own supplementary cards, which are usually prepared for the wife, children or parents of the main card holder. If you accidentally check the supplementary card option when applying for a credit card, Then when you get the card, you may have two cards, the main card and the secondary card. The supplementary card also has a limit. The supplementary card limit can be freely specified, but it cannot exceed the main card limit.

2. In order for bank staff to complete business

Many bank staff now have credit card marketing tasks, so they may give you an extra credit card when you apply for it, but The credit card limits are the same, and the limits of the two cards are also shared, so it doesn't matter which credit card you use.

If it is not for the above reasons, it is best to consult the customer service of the bank where you apply for a credit card, or go directly to the counter where you apply for a credit card.

Credit card application

In most cases, citizens who have full capacity for civil conduct (citizens over 18 years old in mainland China) and have certain direct financial resources can issue cards to Apply for a credit card. Sometimes, legal persons can also be applicants.

Applicants for credit cards can be divided into units and individuals. Applicants should be institutions, enterprises and business units, foreign-funded enterprises and individual industrial and commercial households with independent legal person status in my country.

Each unit applying for a credit card can receive a main card and multiple (5-10) supplementary cards as needed. To apply for a credit card, an individual must have a fixed occupation and a stable source of income, and provide a guarantee to the bank. The forms of guarantee include personal guarantee, unit guarantee and personal capital guarantee.

The application method is generally by filling in a credit card application form. The content of the application form generally includes the name of the applicant, basic information, economic status or source of income, guarantor and his/her basic information, etc.

And submit certain copies of documents and certificates to the card issuing bank. After the customer fills in the application form truthfully according to the content, the customer must also submit the relevant credit certificate while submitting the completed application form.

The application form is accompanied by a contract for using the credit card. The applicant authorizes the card-issuing bank or relevant departments to investigate its relevant information, and submits a statement of the authenticity of the information, the card-issuing bank's privacy protection policy, etc., and must have an application A person's autograph.

Review

After receiving the application form and relevant materials from the applicant, the card-issuing bank must review the applicant's creditworthiness. The content of the review mainly includes whether the content of the application form is true. For the applicant, the creditworthiness of the applicant must be assessed. For individuals, the relevant circumstances of the guarantor must also be reviewed.

Usually, banks will judge whether to issue a credit card to the applicant based on the application information and various aspects of the applicant's information and financial situation.

Factors considered include the applicant's past credit record, the applicant's known assets, professional characteristics, etc.

The specific factors and processes reviewed by the card issuing bank are commercial secrets and are generally difficult for outsiders to understand. The standards of each card-issuing bank are also different. Therefore, the same materials may be issued with different credit limits and different types of credit cards in different banks. Some banks may even approve the application, while others may reject it. .

Card Issuance

After the applicant successfully applies for a credit card, the card issuer will open a separate credit card account for the cardholder at the card-issuing bank for settlement after shopping, consumption and cash withdrawal.

What is the use of the supplementary credit card?

The uses of the supplementary credit card are as follows: 1. Parents can set up supplementary card consumption SMS reminders to keep abreast of their children's consumption. The card can also adjust the supplementary card limit to limit the consumption amount of the children. 2. Cardholders can reasonably save transfer fees. For example, parents can use the primary credit card themselves and let their children who go to school in another place use the secondary credit card, thus avoiding the handling fees for remittances to other places.

The difference between the main credit card and the supplementary card

1. Both the main card and the supplementary card will incur annual fees, but the annual fee for the supplementary card will be cheaper than that of the main card. Nowadays, many bank credit cards allow you to make purchases by swiping the card, and the annual fee is waived after meeting a certain number of requirements.

2. The main card and supplementary card use the limit of the main card. For example: if the main card limit is 10,000 yuan, then the consumption of the supplementary card will also be deducted from this 10,000 yuan. The limit of the supplementary card is generally not allowed to exceed the limit of the main card.

3. The ownership of the supplementary card belongs to the main card. The main card can perform any operation on the supplementary card, including freezing, canceling the account, etc.

This is the end of the introduction about credit cards with supplementary cards and whether credit cards with supplementary cards can withdraw cash. Did you find the information you need?