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additional card holders

by Tron 27 April 2010 |

6 comments | Love

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My wife is currently on maternity leave. Unfortunately her employers don't offer maternity pay over SMP and as a result my wife's income has taken a bit of a bashing.

I would like to know whether there are any options to add her onto my bank account as a card holder. I am with Natwest, and have asked this question direct of them and am waiting for their response. Thought I might see what you guys have to say on the matter as well!

I realise that we could open a joint account, and may well go down this route, this is only because I thought it might be easier.

Thanks

Tron

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824

MikeGG1 posted
You could convert it to a joint account and get a card that way. Otherwise, set up a standing order to her account so she will have some money to spend.
It really depends on whether you wish to retain control.
Mike
Posted on 27 April 2010 | Love 1 love Report
130

Donna Ferguson posted
You can usually get an associate card on your credit card account as well. So she can spend on the card, and you pay the bill.
Posted on 27 April 2010 | Love 1 love Report
24

spidermev posted
The only problem with an associate card holder is that they do not get the same protection on the purchases, ie if you spend £100 on an item and it's faulty or not as described etc you can claim back from the Credit card company but associate card holders don't often get this right as it's aimed at the principal card holder. Check the fine print.
Posted on 27 April 2010 | Love 1 love Report
272

Swarbs posted
You can generally add your wife to your account with no problem - I added my wife to my Halifax account and they turned it into a joint one. Took about two weeks and she got her own card with unique number. She is also a second card holder on my credit card. This card has the same number as mine, so all transactions end up on the same account and have the same interest, min payment etc.
spidermev, the additional card holder can get the same protection on the purchases, they just need to make sure that any claim is made jointly with the principle card holder. As the two card holders in this case are married, I don't see any problem with them making any claims jointly:
http://www.consumerrightsexpert.co.uk/AdditionalGuaranteesCreditCards.html
Posted on 27 April 2010 | Love 1 love Report
24

spidermev posted
Thanks Swarbs, I read from this article that they can't but it says that the principal card holder should be able to claim on behalf of the additional holder
http://www.lovemoney.com/news/credit-cards/why-credit-card-spending-is-wise-2115.aspx
Well, either way the point is pretty much the same! You should be able to claim but I think it would still be wise to check the small print if in doubt
Posted on 27 April 2010 | Love 1 love Report
824

MikeGG1 posted
The principal with a Credit Card is that there is only one account holder but there can be more than one cardholder.
Any claim has to be made by the account holder, but it can be in respect of purchases with a card of an additional cardholder.
This is the reverse of a current account where both would be joint account holders and a debit card would not be issued to a non account holder.
Mike
Posted on 28 April 2010 | Love 0 loves Report

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