Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Supplementary or add-on credit cards are additional cards provided under the primary credit card to relatives of the primary cardholder. These cards usually have the same benefits and credit limit as the primary credit card and can be utilised similarly. Additionally, add-on credit cardholders can avail Rewards Points and AirMiles along with other discounts every time they use their credit card to pay for products or services. The number of add-on credit cards that can be availed depends on the credit card issuer but is usually between 3 to 5 cards. Individuals can avail add-on credit cards for their family members such as children who are adults, spouse, siblings and so on.
Not everybody can avail credit cards however, as there are certain conditions that need to be met before one becomes eligible to avail this financial tool. This is due to the fact that credit cards are not free. In addition to joining fee and/or annual fee, customers will have to pay the credit card bill every month during the billing cycle. In case cardholders are unable to pay the bill completely, they can also pay just the minimum amount that is due. However, in case the bill is not paid in full, an interest rate will be imposed on the subsequent payments. If left unchecked, this amount can end being quite hefty resulting in the cardholder falling into a debt trap. Therefore, one must be able to afford a credit card.
Therefore, only if an individual meets the required eligibility criteria can he/she procure a credit card. Eligibility factors for a credit card varies depending on the age, income and credit score of the applicant, among other factors. However, sometimes individuals may not meet the above criteria for various reasons and these applicants can avail an Standard Chartered add-on or supplementary credit card.
Supplementary credit cards on the other hand can be availed by family members of the primary cardholder only if they meet the required eligibility criteria such as age and if they are related to the primary cardholder.
In order to avail an add-on credit card, the applicant must meet the following eligibility criteria -
Other criteria may be imposed based on the terms and conditions of Standard Chartered Bank.
In case an applicant is eligible to avail an add-on credit card from Standard Chartered Bank, the following documents will have to be furnished so as to complete the application process -
Additional documents may be asked for based on the requirements of Standard Chartered Bank. It is important to note that add-on credit cards will not be provided unless KYC or Know-Your-Customer documents are not provided.
Individuals can apply for supplementary credit cards from Standard Chartered Bank through the following channels -
Applicants can contact the Standard Chartered Bank customer Care Centre that is available at all times on all days of the week from their registered mobile number.
Additionally, applicants can also write to the Standard Chartered Bank customer care email id.
Applicants can also contact Standard Chartered Bank for an add-on credit card by visiting one of the numerous branches of the bank and apply for the same.
Supplementary credit cards are usually procured by the primary cardholder for relatives when they are not eligible for it on their own. These credit cards have certain unique features and benefits as listed below -
Fees and charges for an Standard Chartered Bank Add-on credit card varies based on the type of credit card chosen. Most add-on credit cards do not come with joining or annual fee.
The list of cards for which supplementary cards can be procured are as follows -
Customers should note that this list is subject to variations from time to time based on the bank’s discretion.
Credit card bill for a supplementary credit card is paid by the primary cardholder.
Credit score will not be calculated for a supplementary credit card. Instead all activities will be reflected in the primary cardholder’s credit report. Hence the add-on credit card must be used judiciously.
The credit limit for an Standard Chartered Bank add-on credit card is either the same as that of the primary credit card based on the terms and conditions of the bank.
Immediate blood relatives of the primary cardholder can avail an add-on Standard Chartered Bank credit card.
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