How much do you know about the difference between the main credit card and the supplementary card?
When applying for a credit card, you can apply for the main card and the supplementary card. Generally, the supplementary card is used by your family members. , so what is the difference between the primary credit card and the secondary credit card? Have you paid attention to it in daily life? Below I will give you a detailed introduction so that you can understand the primary and secondary cards of the credit card.
When the supplementary credit card is used, all consumption will be counted into the main card. When repaying the credit card balance, you only need to return it according to the bill of the main card. Moreover, the points generated by the supplementary card will also be counted into the main card, so when using the supplementary card, you will only be responsible for consumption, regardless of repayment.
The annual fee for a supplementary credit card is generally half that of the main card, but it is best to consult your bank for the specific annual fee amount. However, the annual fee of most credit cards can be reduced or reduced by the number of card swipes. Different banks require different times of reduction. It should be noted that high-end credit cards will not reduce the annual fee.
In normal times, the primary cardholder can manage the secondary card, such as setting the consumption limit of the secondary card, and canceling the secondary card. At the same time, the supplementary cardholder cannot inquire about the credit limit and transaction details of the primary card. It should be noted that the credit limit of the supplementary card is the same as that of the main card unless the main cardholder specifies it.
When applying for a credit card supplementary card, only the principal cardholder applies for it. Usually parents apply for a supplementary card for their children or the elderly at home. For example, college students cannot apply for a credit card. They can apply for a supplementary card with their parents and have the same priority. The ability to repay after consumption.
The use of the primary and secondary cards of a credit card can basically be regarded as two independent cards. For example, if the primary card is reported as lost, it will generally not affect the use of the secondary card; similarly, if the secondary card is reported as lost, it will not affect the use of the secondary card. Use of the main card.
Users must repay on time when using credit cards and avoid overdue repayment. Generally, penalty interest will be incurred after overdue repayment. The longer the time, the more penalty interest will be generated. Moreover, the bank will upload it to the credit reporting center after it is overdue. If personal credit becomes bad, it will affect the processing of various loans.
What is the meaning of primary and secondary credit cards?
Applicants for secondary cards must have direct family relationships with the primary cardholder, such as parents, spouses, and children, and must also meet the requirements of having A natural person with full capacity for civil conduct or a natural person over 13 years old with limited capacity for civil conduct. When the applicant for the supplementary card is a minor (under 18 years old), he must obtain the consent of his legal representative when applying for a supplementary credit card at the bank.
Types of credit card products
According to different card issuers, they can be divided into bank cards and non-bank cards
Bank cards. This is a credit card issued by a bank. Cardholders can shop at the card-issuing bank's special merchants, and can also withdraw cash at any time at any branch of the card-issuing bank or at places with ATMs.
Non-bank card. Such cards can be specifically divided into retail credit cards and travel and entertainment cards. Retail credit cards are credit cards issued by commercial institutions, such as department stores, petroleum companies, etc., which are specially used for shopping in designated stores or refueling at gasoline stations, etc., and are settled regularly. Travel and entertainment cards are credit cards issued by the service industry, such as airlines, travel companies, etc., used for purchasing tickets, meals, accommodation, entertainment, etc.
According to the different objects of issuance, it can be divided into corporate cards and personal cards
Corporate cards. Company cards are issued to various industrial and commercial enterprises, scientific research and education institutions, military units, groups and other legal entities.
Personal card. Personal cards are issued to urban and rural residents, including workers, cadres, teachers, scientific and technological workers, self-employed households and other adult urban and rural residents with stable sources of income. A personal card is applied for in the name of an individual and he/she bears all responsibilities for using the card.
According to the credit status, status and other credit conditions of the cardholder, it can be divided into ordinary cards and gold cards
Ordinary cards. Ordinary cards are issued to cardholders with average financial strength, credibility and status, and their various requirements are not high.
Gold Card. A gold card is a high-end credit card that pays high membership fees and enjoys special benefits. Cards are issued to those with higher credit standing, stronger repayment ability and credit, or those with a certain social status.
The authorization limit of the gold card starts from a higher level, and the additional service items and scope are much wider, so the requirements for relevant service fees and security deposits are also relatively high.
According to different repayment methods, credit cards can be divided into credit cards and quasi-credit cards
Credit cards. When the card-issuing bank provides bank credit, it is first used as an overdraft, and then repaid or paid in installments. Most of these cards are used internationally. That is to say, the way that cardholders are allowed to pay off their credit card accounts without deposits is "spend first, deposit later". Most of these cards are used internationally.
Quasi credit card. It is a credit card issued by a bank that allows you to deposit money first and spend later. When applying for a credit card, cardholders need to deposit a certain amount of money in the card-issuing bank for backup. Cardholders need to use the deposit balance as a basis when using the card. Overdrafts are generally not allowed.
According to the different circulation scope of credit cards, they can be divided into international cards and regional cards
International cards. An international card is a credit card that can be used outside the country of issue and is accepted worldwide. The five major overseas groups (MasterCard, Visa International, American Express, JCB and Diners Club) issued MasterCard, VISACard, American ExpressCard and JCB respectively. (JCBCard) and DinersClubCard are mostly international cards.
Regional card. A regional card is a credit card that can only be used within the issuing country or within a certain region. Most of the various credit cards issued by commercial banks in my country are regional cards.
What is the relationship between the primary credit card and the secondary card?
1. The primary credit card and the secondary card are subordinate. The secondary card is under the name of the primary card and has the same function.* **Use account.
2. The supplementary credit card is the supplementary card. The main credit card and the supplementary card can enjoy the credit limit of the main card. The consumption records are unified into the main card bill and paid by the main cardholder. Arrears. For example, if the credit limit of the primary credit card is 20,000 yuan, and the credit limit of the secondary card is 5,000 yuan, then the available credit limit of the primary and secondary credit cards for the month will be 15,000 yuan.
3. Since the main credit card and the secondary credit card enjoy the same credit limit, the cardholders of the two credit cards may not know how much the other has consumed during use, so they should communicate frequently to avoid exceeding the credit limit. .
4. In addition to bringing convenience to yourself, cardholders can also save a lot of transfer fees by using the supplementary credit card rationally. Cardholders who use the supplementary card to make purchases in other places can be exempted from handling 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. This way, they can avoid the handling fees for remittances to other places and can keep track of their children's consumption status at any time.