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Disclosure: Our website promotes credit card services offered by various banks in India. We are not affiliated with or endorsed by any banks. We receive commissions for referrals. We are committed to your privacy and security, and we do not engage in phishing or fraudulent activities. Please verify all terms and conditions with the respective banks before applying for any credit card. Use the information provided here responsibly and make informed decisions.
Specializing in a variety of services, including credit cards, Axis Bank is a prominent credit card provider in India. Millions of clients who appreciate taking advantage of the rights and advantages that come with the Axis Bank Credit Card trust the Bank. Your bank will allow you to share an additional copy of your Axis Credit card with family members if you have any.
Use the Axis Bank Add-on Credit Card to do this. Your family members will receive the same rewards and advantages when they use an add-on card. Equipped with identical qualities as the primary card, the card is issued in relation to it.
A credit card that is issued in addition to an existing primary card is known as an add-on credit card. It is a different card with the same characteristics and advantages as the original credit card. The credit limit might be a little bit less than it was on the original card. The costs incurred when using the second credit card must be paid for by the primary cardholder. The original card’s monthly statement will include the costs incurred with the add-on card.
Are you thinking of obtaining a credit card add-on? Prior to submitting an application, weigh the benefits and drawbacks of add-on credit cards.
On an add-on card, the following requirements must be met:
Consider these advantages of add-on credit cards to determine how an add-on credit card will help you.
#1. Gain more reward points:
You accrue extra reward points with every purchase you make with your credit card. Spend more money and get more reward points when you use multiple cards.
#2. Develop the secondary users’ credit history:
An excellent approach to provide credit to secondary users who do not currently have any is with an Add-on Credit Card. They can establish a positive credit history with you if you use it responsibly and make your payments on time.
#3. Money in case of emergency:
Your kids or elderly parents might receive an Add-on Credit Card from you for unexpected costs.
#4. Monitor the secondary users’ expenditures:
The monthly statement that is delivered to the primary user includes the costs incurred when using an Add-on card. An Add-on Credit Card is a fantastic choice if you want to keep tabs on what your kids are buying.
There are several advantages to add-on credit cards for you. But, before submitting an application, you must also be aware of any potential drawbacks with add-on credit cards.
#1. Impacts the credit score of the main user:
You are in charge of all secondary users’ expenditures as the principal user. They risk having their credit score lowered if they misuse their credit card.
#2. Higher yearly fees:
Banks levy extra yearly fees for your credit cards that are add-ons. This raises your annual credit card expenses. Prior to submitting an add-on card application, make sure you Interest rates on credit cards and the yearly fees associated with using your bank.
#3. Excessive expenditure:
While having an add-on credit card is practical, it also increases the risk of overspending. When you overspend, your credit card costs go up every month. Additionally, you could have to pay over limit fees if the secondary user surpasses the credit limit, and your transactions can be refused.
Apply online for a credit card from Axis Bank if you don’t already have one. Later on, add-on credit cards are available to you if you meet the requirements. Utilize your credit card for all of your everyday purchases to take advantage of Axis Bank-only discounts, cashback, and reward points.
You may benefit much from add-on credit cards if you use them sensibly and cautiously. You may accrue more reward points and reach your spending milestones more quickly. But in order for the secondary cardholders to really profit from add-on credit cards, you must emphasize to them the significance of managing credit responsibly.
It varies depending on which credit card you have, even though this perk is only available on the principal credit card. You may learn more by going to the Axis Bank website.
The principal credit card will be charged for any purchases made using the add-on credit cards. The use of the supplementary card will impact the primary card’s credit score if it is not utilized responsibly.
If your primary card has international transaction enabled, then you can use your add-on card for foreign transactions.
Up to four more credit cards can be added to your Axis Bank credit card through requests.
No, you are limited to adding relatives to your Axis Bank add-on credit, which includes your parents, siblings, lawfully married spouse, and children who are older than 18.
With a degree in Psychology, Media Communication, and Literature, Unnati has gained valuable experience in the tech and finance sectors by integrating the understanding of human behavior, effective communication and storytelling techniques.Read More.