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What is the difference between a primary credit card holder and a secondary holder CV Code?
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∙ 11y ago
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Wiki User
∙ 11y ago
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What is the difference between a primary credit card holder and a secondary holder?
the primary credit holder is the person who usually has the the better credit score or higher income. the secondary is on the loan too for the purpose of ownership. another scenario is when helping someone establish credit. the person looking to obtain credit will be the primary, the secondary would be the co-signor-helping guarantee that the creditor will be paid. In case of default on the loan, the secondary is next in line to pay it. Both people will have negative affects if not paid in a timely manner.
What is the difference between credit card primary gateway and credit card secondary gateway?
A secondary gateway is just that, a backup to your primary credit card gateway. A lot of the larger online stores have 2 in case of outages on the primary. Being unable to accept credit cards for even a short period of time for large can lead to thousands of dollars lost to a company. 2 of the most common are Authorize.net (http://www.usamerchantaccounts.net) and Linkpoint (http://www.firstdata.com)
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
If you are not the primary person on the mortgage is you credit rating affected?
As long as you are on the mortgage it will show on your credit report and effect you credit no matter if you are the primary, secondary or co-signer
Can a secondary card holder's credit rating hurt the primary card holders credit?
No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags
Can the secondary card holder on a credit card account transfer credit card balances to a new card?
No unless the primary gives the secondary permission too
What is difference between rural credit and micro credit?
What is the difference between micro credt and rural credit?
What is the difference between installment credit and open ended credit?
the difference between installment credit and open ended credit is they are the same..
What is different between credit meno and debit memo?
The primary difference between credit and debit memo is where it originates. Credit memo is raised by a supplier to a consumer when goods are returned, while debit memo is raised by a consumer towards the supplier.
What is the difference between a bank loan and a bank credit?
What is the difference between bank loan and bank credit?
Explain the difference between a cash and credit transaction for purchass and sales?
explain the difference between cash and credit transaction
