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The benefits of having a secondary card holder on a charge account are mostly to the secondary card holder. This person can use the account, but it is the primary person that must pay the bill. Having a secondary person on an account is helpful for providing a credit card in their own names to students and spouses.

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What is difference between primary and secondary card holder?

The major difference is that the Primary Account holder is responsible for all the amounts due on both the Primary Card and the Secondary Card.


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


Can an authorized user of a credit card increase credit limit without knowledge of card holder?

Short answer:It depends on the bank. Most likely though, no. Long answer:It depends on the bank and if the person asking the credit limit increase is a primary card holder. Most banks or credit card companies won't allow a secondary card holder to increase the credit limit. I just called and checked. The bank my credit card was associated with was MBNA.I am a secondary card holder (my name is on the card, but the primary responsibility to the account is under someone else's name).They told me the primary card holder needs to call in to modify the credit limit.So in my case, the answer is no. An authorized user of the card cannot increase the credit limit without the knowledge of the primary card holder.


Is a secondary credit card holder resposible for debt?

Depends on what "Type" of Credit Holder you are. Here is how that will go: If you are what is known as an authorized user on the account. (i.e. - The Primary account holder has given you permission to make charges on the account), the answer is No. The primary account holder is responsible for any charges he/she has allowed you to make on the account. If you are a Secondary account holder (i.e. -your name was put on the account APPLICATION at the time the card was applied for), then your answer is YES. If the Primary account holder defaults on the account, then the credit card company will turn to try and collect from the Secondary account holder. BEWARE of becoming a secondary holder on anything that has to do with credit. If you know that the Primary holder may default, you could get stuck with a huge amount of debt on your hands, and if you can't pay, your nice credit score of 783 could very quickly go down the drain to 535 or lower.


What are the benefits of using a Marriott Rewards credit card?

The Marriott Rewards credit card comes with ancillary benefits. The biggest is that after enough purchases, it enables the card holder to earn free stays/days at Marriott hotels.

Related Questions

Can a secondary card holder remove himself from an account leaving only the primary card holder's name?

Usually, a new card is issued in the primary card holder's name. Usually both parties on a credit card have to sign off to eliminate the secondary card holder. Your credit card holder can help you with this.


What is difference between primary and secondary card holder?

The major difference is that the Primary Account holder is responsible for all the amounts due on both the Primary Card and the Secondary Card.


If the primary card holder gives a friend a secondary card to use is the secondary user responsible for the dept or is the primary card holder solely responsible?

It depends if the secondary card holder is a "Joint Account Member" or a "Authorized User". The joint account member is responsible for the balance, the authorized user is not.


Can a secondary card holder discharge the debt if they declare bankruptcy?

No. The secondary card holder can only discharge his/her own obligation to pay. The primary will staill have to pay.


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 the difference between a primary credit card holder and a secondary holder CV Code?

hey


What is the purpose of library swipe card?

So they are able to identify the card holder and you may have better benefits.


Can an authorized user of a credit card increase credit limit without knowledge of card holder?

Short answer:It depends on the bank. Most likely though, no. Long answer:It depends on the bank and if the person asking the credit limit increase is a primary card holder. Most banks or credit card companies won't allow a secondary card holder to increase the credit limit. I just called and checked. The bank my credit card was associated with was MBNA.I am a secondary card holder (my name is on the card, but the primary responsibility to the account is under someone else's name).They told me the primary card holder needs to call in to modify the credit limit.So in my case, the answer is no. An authorized user of the card cannot increase the credit limit without the knowledge of the primary card holder.


Is a secondary credit card holder resposible for debt?

Depends on what "Type" of Credit Holder you are. Here is how that will go: If you are what is known as an authorized user on the account. (i.e. - The Primary account holder has given you permission to make charges on the account), the answer is No. The primary account holder is responsible for any charges he/she has allowed you to make on the account. If you are a Secondary account holder (i.e. -your name was put on the account APPLICATION at the time the card was applied for), then your answer is YES. If the Primary account holder defaults on the account, then the credit card company will turn to try and collect from the Secondary account holder. BEWARE of becoming a secondary holder on anything that has to do with credit. If you know that the Primary holder may default, you could get stuck with a huge amount of debt on your hands, and if you can't pay, your nice credit score of 783 could very quickly go down the drain to 535 or lower.


What are the benefits of child of green card holder in engineering colleges in madhya pradesh?

No there is no benefit of green card after 12th class


Can the secondary card holder of a joint credit card account cancel the account?

First of all you can just give a friend your username and password and stop playing!!!


What are the benefits of using a Marriott Rewards credit card?

The Marriott Rewards credit card comes with ancillary benefits. The biggest is that after enough purchases, it enables the card holder to earn free stays/days at Marriott hotels.