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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.

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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 are the benefits of a secondary card holder?

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.


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.


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 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

Related Questions

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

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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.


Can the primary account holder remove the name of the secondary holder?

Pay off the balance and close the account. Then reopen a new account with only the primary holder.


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 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.


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.


What is a Primary Account Holder?

Primary account holder is the person on whose name the bank account is created in the first place. Ex: Assuming you have a bank account and then once you get married you would include your spouse as a joint account holder. you will be the primary account holder and your spouse would be the secondary holder.


What are the benefits of a secondary card holder?

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.


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.


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


If you and a spouse have different health insurance but have never designated one as primary or secondary could this cause problems when you do designate primary or secondary?

If you have insurance through your employer, and you are the policy holder,(the insurance is in your name) this insurance will be primary for you, and your spouses insurance policy will be secondary. The insurance policy thru your spouse's employer, (your spouse is the policy holder, or the insurance is in their name), this would be primary for your spouse, and your policy would be their secondary. Here's the phamplet from Medicare http://www.medicare.gov/Publications/Pubs/pdf/02179.pdf


If a child has primary and secondary medical insurance who settles the dispute when the primary decides the secondary should now be primary instead of secondary as they had been for several years now?

It's not at the discretion of the insurance company as to who is the primary or the secondary. It is the sole decision of the policy holder(you). They are a paid service and are there to serve you. Correction: No, it's not at the discretion of the policy holder. The primary coverage is based on who's birthday comes first. For example, in this particular case, the child lives with his mother and stepfather, and the stepfather and the biological father both have him on their medical insurance policies. The father's birthday is in October and the stepfather's birthday is in December. So the father's insurance is primary, and the stepfather's insurance is secondary. These are the quidelines insurance companies use to determine which one is primary, and which one is secondary.