If there is one product that has had a significant impact on the financial world, it is without doubt a credit card. These plastic cards may look small and unassuming but the power they wield is significantly bigger. Introduced in the 1950s, credit cards have changed the financial landscape of global economy. Credit cards are similar to loans that can be availed through a swipe of the card. Unlike debit cards where individuals use their own money to pay for purchases, with a credit card funds are withdrawn on credit and will have to be repaid. Almost all banks and financial institutions today provide credit cards to their customers.
One of the biggest advantages of credit cards is the convenience offered by them. Instead of having to carry a whole wad of cash, customers can just use their credit cards as it is accepted almost everywhere across the world. Additionally, credit cards, when used have other advantages as well. Each time individuals use their credit card to pay for a product or a service, they will earn Reward Points, dining discount, AirMiles or even waiver of fuel surcharges based on the features of the credit card. These Reward Points can also be exchanged for gifts and other perks from the company's Rewards Catalogue.
Due to its popularity, this financial product can be availed from a number of banks and financial providers as long as the eligibility criteria is met. Not everybody can avail credit cards however, as there are certain conditions that need to be met before one becomes eligible to avail this financial tool. This is due to the fact that credit cards are not free. In addition to joining fee and/or annual fee, customers will have to pay your credit card bill every month during the billing cycle. In case cardholders are unable to pay the bill completely, they can also pay just the minimum amount that is due. However, in case the bill is not paid in full, an interest rate will be imposed on the subsequent payments. If left unchecked, this amount can end being quite hefty resulting in the cardholder falling into a debt trap. Therefore, one must be able to afford a credit card.
Therefore, if an individual meets the required eligibility criteria can, then he or she can avail the credit card. Eligibility factors for a credit card vary depending on the age, income, and credit score of the applicant, among other factors. However, sometimes individuals may not meet the above criteria for various reasons and these applicants can avail an add-on or supplementary credit card .
Supplementary credit cards on the other hand can be availed by family members of the primary cardholder only if they meet the required eligibility criteria such as age and if they are related to the primary cardholder.
Supplementary or add-on credit cards are additional cards provided under the primary credit card to relatives of the primary cardholder. These cards usually have the same benefits and credit limit as the primary credit card and can be utilised similarly. Additionally, add-on credit cardholders can avail Rewards Points and AirMiles along with other discounts every time they use their credit card to pay for products or services. The number of add-on credit cards that can be availed depends on the credit card issuer but is usually between three to five cards. Individuals can avail add-on credit cards for their family members such as children who are adults, spouse, siblings and so on.
One of the most popular and well-known banks in the country, ICICI Bank is known for their customer friendly services and plethora of product offerings. As part of their retail banking portfolio, ICICI Bank provides credit cards and debit cards among other products. Supplementary credit cards can also be availed by family members of the primary cardholder.
In order to avail an add-on credit card, the applicant must meet the following eligibility criteria -
Other criteria may be imposed based on the terms and conditions of ICICI Bank.
In case an applicant is eligible to avail an add-on credit card from ICICI Bank, the following documents will have to be furnished so as to complete the application process -
Additional documents may be asked for based on the requirements of ICICI Bank. It is important to note that add-on credit cards will not be provided unless KYC or Know-Your-Customer documents are not provided.
Individuals can apply for supplementary credit cards from ICICI Bank through the following channels -
Customer Care
Applicants can contact the ICICI Bank customer Care Centre that is available at all times on all days of the week from their registered mobile number from 7 a.m. to 9 p.m.
Additionally, applicants can also write to the ICICI Bank customer care email id at customer.care@icicibank.com.
ICICI Bank branch
Applicants can also contact ICICI Bank for an add-on credit card by visiting one of the numerous branches of the bank and apply for the same.
Supplementary credit cards are usually procured by the primary cardholder for relatives when they are not eligible for it on their own. These credit cards have certain unique features and benefits as listed below -
Given below are the list of cards that come with a supplementary credit card option -
Credit Card | Features and Rewards |
ICICI Bank Sapphiro Credit Card |
|
ICICI Bank Rubyx Credit Card |
|
ICICI Bank HPCL Platinum Credit Card |
|
ICICI Ferrari Signature Credit Card |
|
ICICI Bank Signature Credit Card |
|
Customers can procure up to three add-on credit cards from ICICI Bank.
Credit card bill for a supplementary credit card is paid by the primary cardholder.
Credit score will not be calculated for a supplementary credit card. Instead all activities will be reflected in the primary cardholder's credit report. Hence the add-on credit card must be used judiciously.
The credit limit for an ICICI Bank add-on credit card is either the same or lesser than that of the primary credit card based on the terms and conditions of the bank.
Immediate blood relatives of the primary cardholder can avail an add-on ICICI Bank credit card.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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