Pros and Cons of Add-On Credit Card
Introduction Credit cards, issued by card issuers , are now an essential financial tool for people and their families alike in today’s world. They provide comfort, flexibility, and a variety of advantages. The add-on credit card is one such credit card option, which allows you to extend the advantages of your primary credit card to your loved ones. We will discuss the pros and cons of add-on credit cards in this article to help you make an informed decision. Benefits of Add-On Credit Cards Joint Credit Limit You can set a joint credit limit for all the cards linked to your account when you choose an add-on credit card. This feature aids in the management of your overall spending and ensures responsible usage. It can also be used for budgeting because you can attach particular credit limits to each cardholder. Comfort and Financial Control Add-On credit cards allow you to give a credit card to a member of your family, such as your wife, children, or parents. This enables th...