Needed: Credit Card That Allows Hard Spending Limit On Companion Card/AU
March 21, 2013 11:42 AM Subscribe
I am in need of a credit card that allows me to set a hard limit on authorized users. In addition I need for the card to allow a different limit for the primary and secondary card.
posted by flummox to Work & Money (14 answers total)
Other then the above here is the rest of my wish list:
I need MC/Visa. (Amex not excepted at enough of the AU's vendors.)
I would like a card with no fees, annual, or for the second card.
Decent customer service would be nice.
Having it be possible for the AU to go online and see their account details without being able to make any changes could be helpful.
The balance will be paid in full every month.
There is no need for any type of rewards.
A debit card will not work in this situation.
This card/account will only be used for the maintenance of the AU.
I am using this card to help a family member to pay for basic living expenses. Sadly my family member is not always good about keeping track of or managing expenses.
I currently am using a BoA business card but a year or more ago they changed their policy and allow the AU to spend above the limit I have set. With the new policy spending is only supposed to go over the limit by 20% ,if I remember correctly, but they routinely allow the AU to go over by >50%. This is very frustrating, I have called customer service multiple times about the issue but there seems to be no way for them to enforce a hard credit/spending limit on this card.
Thanks for your help.