additional-cardholder

Credit Cards that offer free additional cardholders

Information verified correct on December 6th, 2016

There are a number of credit cards in the Australian market that let you add additional cardholders for no extra charges.

What is a credit card that offers additional credit cardholders for free?

These are a group of credit cards that allow you to have someone else access your credit card account for free. Some credit cards will allow you to have one additional cardholder for free, some will allow up to nine.

This feature is particularly useful when you, as the primary cardholder, want to share the benefits of your credit card with an additional family member. You’ll both share the same line of credit and you’ll be able to use the credit card according to your individual needs.

What are the types of credit cards available that offer additional credit cardholders?

Free additional cardholders are offered with a variety of credit card types, the most common being:

  • Platinum credit cards. This feature is most commonly found in Platinum credit cards, as the high annual fee supports the benefit of additional cardholders. These credit cards provide many benefits to its cardholder, but eligibility requirements are normally higher than standard credit cards.
  • Rewards credit cards. Rewards credit cards allow you to have additional cardholders so you can accrue points more quickly. Your whole family can pool in points together. Remember that with reward credit cards you always need to maximise the value from the points earned, relative to the annual fee.

What are the credit cards with free additional cardholder?

Rates last updated December 6th, 2016.

American Express Qantas Ultimate Card

New offer of 100,000 bonus Qantas Points + extended 0% for 12 months BT offer until 30 January 2017

November 15th, 2016

Citi Simplicity Card

5% cash back + 0% p.a. for 9 months on balance transfers. Offer ends 30 June 2017.

November 18th, 2016

American Express Explorer Credit Card

100,000 bonus points and balance transfer offers have been extended until 30 January 2017.

November 29th, 2016

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Jonathan Choi Jonathan
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Emirates Citi World MasterCard
Get up to 4 additional cards without paying any additional card fee.
20.99% p.a. 0% p.a. for 9 months $149 p.a. annual fee for the first year ($299 p.a. thereafter) Go to site More info
St.George Vertigo Platinum
A platinum card with a balance transfer offer of 0% p.a. for 18 months and an introductory purchase offer of 1% p.a. for 12 months with an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
St.George Amplify Platinum
This card features a 30,000 bonus points offer, introductory interest rates on balance transfers and purchases and an annual fee waiver for the first year.
1% p.a. for 12 months (reverts to 19.49% p.a.) 0% p.a. for 18 months $0 p.a. annual fee for the first year ($99 p.a. thereafter) Go to site More info
Citi Simplicity Card
Take advantage of the 0% p.a. for 9 months offer on balance transfers, a low interest rate on purchases, an annual fee waiver for life, plus 5% cashback on retail purchases.
19.99% p.a. 0% p.a. for 9 months $0 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info
ANZ Low Rate
$100 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 13.49% p.a.) $58 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
American Express Platinum Business Card
Receive 100,000 bonus points when you meet the minimum spend requirement and earn up to 2 Membership Rewards points for every dollar spent.
$1,500 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 18 months and 1% p.a. for up to 12 months on purchases.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
American Express Qantas Premium Card
Earn as much as 30,000 bonus Qantas Points when you meet the minimum spend requirement. Enjoy frequent flyer benefits including uncapped Qantas Points per $1 spent, complimentary travel insurance and Qantas Club lounge invitations.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $249 p.a. Go to site More info
NAB Velocity Rewards Card
This card offers a 15,000 bonus Velocity Points plus a low interest rate of 0% p.a. on purchases and balance transfers for 15 months.
0% p.a. for 15 months (reverts to 19.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $95 p.a. Go to site More info
Citi Clear Platinum Card
A low rate platinum credit card with a low interest rate on purchases and balance transfers.
0% p.a. for 9 months (reverts to 14.99% p.a.) 0% p.a. for 9 months $99 p.a. Go to site More info
ANZ First Visa Credit Card
Enjoy 0% p.a. balance transfer rate for the first 18 months, a low annual fee, interest-free days on purchases and a low minimum credit limit.
19.74% p.a. 0% p.a. for 18 months with 3% balance transfer fee $30 p.a. Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
A platinum card with a low balance transfer offer of 0% p.a. interest for 18 months and 1% p.a. for 12 months on purchases combined with complimentary insurance covers.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
BankSA Vertigo Visa
A low interest rate card with a low annual fee, a long term balance transfer offer of 0% p.a. for 18 months and an introductory offer of 1% p.a. for 12 months on purchases.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
BankSA Vertigo Platinum
Enjoy 0% balance transfer rate for 18 months and 1% purchase rate for 12 months if you apply and are approved by 4 January 2017.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No annual fee for the life of the card with $100 cashback and a 0% p.a. offer on balance transfers for 18 months. Spend criteria applies for cashback offer.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info

How do free additional cardholders work?

An additional cardholder will get a separate credit card that has access to your credit card account, and any other account that you may have linked to it. They may also have access to your account through online banking, so they can see all of your credit card activity.

As a general rule, banks and financial institutions require the additional cardholder to be over 16 years of age, with some even requiring the cardholder be over 18. As the primary cardholder, you are liable for how the account is used, including purchases made by the additional cardholder.

Usually the easiest way to add another cardholder onto your credit card account is through your bank’s online banking system. You can login and change the details of account. The banks can also provide you with a request form where you can return it in branch, by fax or post.

It takes about two weeks to process an additional cardholder onto your account, and a new card is sent to the primary cardholder’s address after that, which could take a few extra business days to arrive.

Normally, if the additional cardholder you’ve nominated isn’t an existing customer of your bank, then an ID check may be required. Suitable ID documents include passports, birth certificates, driver’s license, medicare cards etc.

How to compare credit cards that offer free additional cardholders

  • The amount of free additional cardholders you can have. Most credit cards allow up to one extra cardholder at no extra cost. So if you want to allocate more than one credit card, you will need to compare more credit cards. If you already have an existing credit card and don’t want to switch then you can usually add more for a fee.
  • Credit limit. Before you set up an additional cardholder, you need to ensure that your spending combined cannot exceed the credit limit. If your credit limit is too small, consider an alternative solution.

Pros and cons of credit cards that offer free additional cardholders

Pros

  • Pool your reward points together. This is a great way to accumulate points quickly, which means you can offset some of the spending by redeeming points for rewards.
  • No need to open another account. Manage your finances easier without the need of opening a new account. All your purchases and transactions will be recorded onto the one statement and account.

Cons

  • Liability. Be mindful that as the primary account holder, you are liable for all transactions. This means that if the additional cardholder carelessly uses the credit card, ultimately paying it all back is up to you.
  • Harder to keep track of spending. If you’re trying to budget, having an extra spender on your account could make things harder depending on how disciplined they are.

Tips and things to avoid when it comes to credit cards that offer free additional cardholders

  • Cash advances. Cash advances charge an incredibly high rate of interest, so these should be avoided at all costs. Especially if there are multiple cash advances happening at the one time with multiple card holders.
  • Teach your additional cardholder You may know the ins and outs of credit card interest for example, but your 16 year old child may not. This means you should teach them how interest free days work, what purchases are eligible to earn rewards points and more.

How do interest free days work?

Frequently asked questions

How do I remove an additional cardholder?

To cancel an additional cardholder, please contact your credit card provider to request this.

What happens if the additional cardholder’s card is lost or stolen?

You will need to contact your bank immediately and report it as lost or stolen. The bank will then cancel the account which means all of those who have access to it will be affected. You can set up a replacement account and reissue the cards.

Do we share the same PIN or do we have different PINs?

For security purposes, each cardholder has a different PIN.

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