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Q: Can the secondary card holder of a joint credit card account cancel the account?
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Can the primary account holder remove the name of the secondary holder?

Pay off the balance and close the account. Then reopen a new account with only the primary holder.


What does 'name of account holder' mean?

Name of account holder refers to the name of the person who owns the account. This can be for bank accounts, credit accounts, loans or utility services.


Can a primary card holder's name remove himself from an account leaving only the secondary card holder's name?

Any account that carries a balance that is owed by both parties will not go away when one party takes their name off an account. That will not work that way with the lender.


In accounting why the reverse principle is not possible - debit the the giver and credit the receiver?

The best way to explain this is by example: Wells fargo Bank has your bank account. Your account is a liability for them since this is not truly their money and it is obligated to you the account holder......so when they increase your account, they post a credit to it. Because to increase their liabilities they have to credit it......and when you use your debit card and decrease your account then wells fargo debits your account to remove the money. For you as the account holder your checking account is your asset......so if you were tracking your accounting in a program.....and you wanted to show where you deposited money into your account in your system then you would post a debit to increase your cash account.


How can online account management for a Shell credit card be accessed?

There is only one true method for a Shell credit card holder to access their Shell gas card account. That is to go to the site of reference, which is Account Online and entering their user name and password.

Related questions

Is a secondary credit card holder resposible for debt?

Depends on what "Type" of Credit Holder you are. Here is how that will go: If you are what is known as an authorized user on the account. (i.e. - The Primary account holder has given you permission to make charges on the account), the answer is No. The primary account holder is responsible for any charges he/she has allowed you to make on the account. If you are a Secondary account holder (i.e. -your name was put on the account APPLICATION at the time the card was applied for), then your answer is YES. If the Primary account holder defaults on the account, then the credit card company will turn to try and collect from the Secondary account holder. BEWARE of becoming a secondary holder on anything that has to do with credit. If you know that the Primary holder may default, you could get stuck with a huge amount of debt on your hands, and if you can't pay, your nice credit score of 783 could very quickly go down the drain to 535 or lower.


What are the benefits of a secondary card holder?

The benefits of having a secondary card holder on a charge account are mostly to the secondary card holder. This person can use the account, but it is the primary person that must pay the bill. Having a secondary person on an account is helpful for providing a credit card in their own names to students and spouses.


Can the secondary card holder on a credit card account transfer credit card balances to a new card?

No unless the primary gives the secondary permission too


Can a secondary card holder remove himself from an account leaving only the primary card holder's name?

Usually, a new card is issued in the primary card holder's name. Usually both parties on a credit card have to sign off to eliminate the secondary card holder. Your credit card holder can help you with this.


If you are a secondary card holder yet you have been the only user of that credit card does it mean you still have no credit history?

If you are on the account your are building a credit history, hopefully a good one.


If you are a secondary card holder and the primary card holder declares bankruptcy how does that affect your score and what if you cancel your account before he declares bankruptcy?

If the BK filer is allowed to discharge the debt a joint account holder who is not a party to the bankruptcy becomes solely responsible for the entire amount. Cancelling or closing the account will not change the fact that the person will still owe the debt and it will eliminate the possibility of said person to negotiate terms with the lender if it becomes necessary. If the joint account holder continues to meet the required terms of the account agreement his or her credit score will not be negatively affected.


Can the primary account holder remove the name of the secondary holder?

Pay off the balance and close the account. Then reopen a new account with only the primary holder.


Is an additional credit card holder liable for the whole debt on the credit card account?

ia an additional credit card holder liable for the whole debt of the credit card account


What is the difference between a primary credit card holder and a secondary holder CV Code?

hey


If the primary account holder has his New Every Two Credit but a secondary holder wants a new phone but his contract isn't up can he still get it?

Yes, but they will charge more for the new phone and extend the contract.


Can a secondary card holder's credit rating hurt the primary card holders credit?

No. The secondary cardholder's credit history has nothing to do with the primary cardholder's. The reason for this is even if there are two cards, there is still only one account for both cards which the primary cardholder is responsible. Jags


What is a Primary Account Holder?

Primary account holder is the person on whose name the bank account is created in the first place. Ex: Assuming you have a bank account and then once you get married you would include your spouse as a joint account holder. you will be the primary account holder and your spouse would be the secondary holder.