A supplementary card can provide financial assistance to people who are facing monetary instability. But it has its own set of drawbacks. While it can be useful for a potential supplementary card holder, there would be a mountain of responsibilities and risks for the principal cardholder.
Here is a list of pros and cons of supplementary cards. Pros: When you want to keep a track of household expenses
If you want to track your expenses on groceries, bills and other family-related expenses, getting a supplementary card would be a good idea. When someone close to you needs emergency financial help Any member in the family who is not creditworthy, for instance, an unemployed spouse, a child, or a retired parent, who needs financial assistance in say travelling abroad, could be given a supplementary card.
ConsAccompanies risks and responsibilities If the supplementary cardholder falls prey to online credit fraud or ends up losing the card, you will be held responsible for the negligencecontinue reading →