Secondary credit cards – not for everyone

Secondary credit cards can be a great way for family members to have access to credit through one account, but unless they are used responsibly and monitored they can be more trouble than they’re worth.

Here we take a look at the main pros and cons to help you decide whether secondary cards will be a help or hindrance to your personal finances.

Do You NEED a Secondary Credit Card?

Many credit card offers advertise that you can get up to “9 secondary cards for free” or other such offers that may look great – but do you really need the extra cards?

This depends on your personal situation, as always.

For a married couple who share bank accounts and check statements every month then it can be a great idea to have two cards linked to one account. If the credit card in question is suitably low interest and low annual fee, it saves on having to administer two accounts and one repayment can be scheduled every month to cover balances.

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