You may have come across terms like card-to-card credit card apply. But, you cannot directly apply for a credit card using another credit card. There are options to use your current credit card for certain processes related to getting a new one.
Some issuers may allow you to transfer a balance or use your existing credit history as a factor in your application. You can also apply for an add-on card with the same bank or issuer. For a secondary card to be issued over a primary one, the issuer must be the same as the primary card issuer. Learn more about how you can leverage one credit card to get another in indirect ways.
What is an Add-On Credit Card?
The add-on card is one that is provided by the same issuer as your previous credit card without re-assessing credit scores or documents. It can help your family members, such as your spouse or children, use the same credit limit by issuing separate cards. In this case, the credit account and amount remain the same, but each member gets their own card. If you want to be a secondary cardholder, you will need to ask the primary cardholder in your family to get an add-on card.
How to Use Your Primary Card Wisely to Get Another Card
Another way to use your existing card to get another is to use it to build a good credit history. This may be a secured credit card or a regular card with lower limits or limited offers.
Here are some points you must keep in mind to ensure you are eligible for another credit card in the future:
- Make sure you pay your credit card bills on time. This will help you improve your credit score and be eligible for new credit cards.
- Ensure that you regularly use your credit card for smaller purchases to keep your credit account active.
- You can make use of EMI facilities to split large bills into smaller transactions. This way, you can ease financial strain and make responsible decisions.
- To ensure your card is not misused, make payments only to trusted merchants and be careful about your PIN.
- Avoid overusing your credit card every month, as this reflects your irresponsible credit utilisation.
Why You May Consider Getting Another Credit Card
Here is a list of reasons why applying for an add-on or a new credit card is beneficial.
- Improves Credit Score
When you get another credit card, your overall credit limit increases, reducing the burden on a single credit card. This helps improve your credit score. Credit score analysis directly helps issuers assess your creditworthiness in the future.
- Backup During Emergencies
Another credit card can help you during financial emergencies. If you’ve hit your primary credit card limit and need some extra help, you can use another card as a backup.
- Increases Credit Limit
Having another credit card handy helps you increase your overall available credit limit. You can use both of these credit cards to better manage your expenses.
- Additional Offers
If you have used all your existing credit card offers, or if your spending patterns have changed, you can opt for another credit card. A new credit card lets you enjoy fresh offers and discounts on your top spending categories.
- Balance Transfer to Lower Interest Rates
If you are struggling to repay your credit card bill, you can transfer the balance to a new card. Look for one that offers a lower or zero interest rate to make repayment easier. This can help reduce the interest charges and make repayment easier.
Where to Apply for an Add-on Credit Card?
If you want to apply for an add-on card with your family member as the primary credit cardholder, you can do it in three ways. They include asking the primary cardholder to:
- Visiting the bank branch and completing the necessary process
- Go to online banking or the issuer’s mobile app and apply for an add-on card
How to Apply for Another Credit Card?
You can apply for a new card in similar ways as listed above. What you need to do is check which cards you are eligible for and compare the features and offers. Once you have zeroed in on the right card, you can apply online or offline. You will need to submit basic documents and complete the KYC process.
Nowadays, most credit card issuers provide the facility to apply for credit cards through net banking and mobile apps. Applying for an add-on or a new credit card online is much more seamless and quicker than it once was. You can enjoy fast and instant services with the One Credit Card.
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