Does the supplementary card of a credit card have any impact on the credit card holder? How can I use the money from the credit card to pay off the money from the credit card?

To put it simply, a credit card supplementary card is the secondary card of a credit card. The two are in the same relationship as the main card and the supplementary card. It is suitable for a family to handle. The credit limit of the credit card supplementary card can be set by the main card, and you can also make repayments on your own. It is very convenient. Now, let’s learn about the relevant knowledge with Encyclopedia Knowledge Network!

Contents of this article

1. Does the supplementary card of a credit card have any impact on me?

2. How to use credit card money to pay off credit card debt?

3. Should students be prohibited from applying for credit cards?

Does the supplementary card of a credit card have any impact on me?

A supplementary card is a secondary card that is bound to a primary card. According to bank regulations, a credit card can be bound to multiple supplementary cards. The primary card and supplementary cards share a limit that is set by the primary cardholder and cannot be higher than the primary card. All fees incurred using the supplementary card will be charged to the primary card account. When using a supplementary card, you should be aware that overdue supplementary cards will affect the primary cardholder. Since the primary cardholder needs to bear all debts of the supplementary card and the amount of consumption on the supplementary card is included in the primary card bill, the primary cardholder needs to repay on time.

How to use credit card money to pay off credit card debt?

Credit card repayments cannot be made through direct transfers from the credit card. Credit cards can generally only be repaid with debit cards or savings cards, third-party platforms, or other cash methods. Credit card repayments do not support credit card repayments. If you withdraw cash from a credit card to pay off another credit card, this behavior not only requires a cash withdrawal fee, but is also a violation of regulations.

Should students be banned from getting credit cards?

It should be prohibited, and it should be stipulated that all student loans do not need to be repaid. What is the purpose of student loans? Students are not in the stage of starting a business, nor do they need to spend money in advance on buying a house or a car. Many people take out loans and use credit cards to buy luxury goods or even beauty products. For normal living expenses, either parents give money or students work part-time to earn money, so they don't need credit cards at all.