Reasons to gift an Add-On Credit Card on Valentine’s Day

It’s customary to gift your significant other on Valentine’s Day. If you are shopping around for meaningful gifts, an Add-On Credit Card is a great way to express your love. Flowers, chocolates, and fancy meals are great, but they can only last so long. Why not give your loved one a lifetime of financial freedom with an add-on credit card?

With an Add-On Credit Card, not only can your loved one enjoy unrestricted shopping, but it also lets you easily manage your shared expenses, earn more reward points, and build your credit together. It’s a thoughtful way to show how much you love and care by gifting them financial freedom.

How does a Credit Card help with financial freedom?

Credit Cards can be used for various purposes, including making everyday purchases, paying bills, booking travel, and building a credit history. They can also be a valuable tool in emergencies since they provide access to a line of credit that can be used to pay for unexpected expenses. A Credit Card can provide immediate access to funds used to pay for a sudden medical bill, car repair, or travel.

Despite being prepared for any situation and meeting your own needs, you must also make sure your loved ones are also able to enjoy freedom and security. An Add-On Credit Card helps you do just that.

So this V-Day, gift them the freedom of choice with an Add-On Credit Card  the best way to ensure financial freedom since they can access funds for all their needs. It is an additional Credit Card that enables you to share your primary Credit Card with your family or anyone else while monitoring their spending.

Also read: https://www.idfcfirstbank.com/finfirst-blogs/credit-card/online-shopping-credit-card-offers

What is an Add-On Credit Card?
 

An Add-On Credit Card works just like a regular Credit Card, but the purchases made on it are charged to the primary cardholder’s account. The primary cardholder is responsible for paying the balance and can set spending limits for the Add-On cardholder to help manage the account.

Reasons to gift an Add-On Credit Card on Valentine’s Day

Apart from the financial freedom it offers, this gift can be the freedom of choice for your loved one. There are several Add-On Credit Card benefits, such as:

1. Consolidated tracking and billing: With an Add-On Credit Card, you can manage the spending of multiple people from one account. You can track all spending through separate statements and pay the dues through a single payment source.

2. Increased credit limit: Adding an add-on cardholder can increase the overall credit limit on the account, which can be helpful in emergencies or for making high-value purchases.

3. Convenient management: You can monitor the spending of the add-on cardholder and set spending limits to help manage the account.

4. Rewards and benefits: All kinds of Credit Cards offer rewards and benefits. Since you and the add-on cardholder are spending separately, you may be able to earn more rewards and benefits, such as cashback, points, or miles.

5. Improved credit score: If the add-on cardholder uses the card responsibly and the balance is paid in full each month, it can help improve credit scores and build a positive credit history.

Also read: https://www.idfcfirstbank.com/finfirst-blogs/credit-card/7-reasons-why-you-should-get-a-credit-card

Features of Add-On Credit Card

Here’s why having an Add-On Credit Card is one of the best gifts:

1. Share credit limit: The credit limit of the add-on card is linked to your account, and both cards share the same credit limit.

2. Separate billing statements: The add-on cardholder will receive a separate billing statement, but the charges will appear on your statement.

3. Add spending limits: You can set spending limits for the add-on card to help prevent overspending.

4. Earn more rewards: Some Add-On Credit Cards help earn rewards, such as cashback or points, on purchases made using the card. These rewards may be shared or accumulated separately.

5. Share credit card benefits: Add-on cardholders may have access to the same benefits, such as travel insurance, purchase protection, and extended warranty coverage.

6. Independent credit history: The add-on cardholder’s credit history is reported separately, allowing them to establish their own credit history and build their credit score. This is especially useful for children or people who have just started earning. 

Also read: https://www.idfcfirstbank.com/finfirst-blogs/credit-card/how-to-get-extra-credit-card-rewards

To sum it up
 

An Add-On Credit Card as a Valentine’s Day gift can be a practical and thoughtful way to express your love. It’s a true sign of trust, which can strengthen your bond. It also gives your loved one the freedom to choose for themselves without relying on you.

Choose a card that goes beyond for you and your loved ones, such as the IDFC FIRST Bank Add-On Credit Card. You can consolidate all your cards into a single statement, extend the card to your parents, spouse, child, or sibling above 18 years of age, earn rewards on add-on cards, and much more. IDFC FIRST Bank has the perfect way to give your special one financial freedom – because the ones you care about matter to us.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.