Money Management
September 20, 2022

How to Share a Credit Card with your Family overseas

Shared family credit cards are the best way to transfer money to friends and family overseas

Sharing a credit card comes with some risks, particularly if you don't have much credit history.If your family members are spending more than they can afford to pay back, things can potentially spiral out of control. Debt from credit cards can accumulate very quickly!

The Xare card helps in controlling the use of a family credit line. You can keep a check on your finances, set a spending limit, and still support your family - for no fee at all. Read on to learn more.

Shared family credit cards are becoming more and more common, particularly if you often transfer money to friends and family overseas. It takes more money and time to use money transfer services. A Xare card is among the best alternatives if you're looking for ways to send money abroad. Learn how shared credit cards operate and why they're a superior choice for international transfers, even if you're starting from scratch with no credit history.


Sending money across borders has always been tiresome and expensive, with hidden charges at every step. For example, if you’re sending money to India, your options are:

1. Withdraw money from the bank and make a wire transfer.

2. Transfer directly from your bank via a middleman agency

The agency will convert the currency and make the international transfer for you. In either case, there may be a significant cost to remit the money and several more stages.

If you need to send money quickly in case of an emergency, the transfer will be slowed by long procedures. It’s also possible that the payment app you use isn’t available in the country where your family lives.

It's not difficult to transfer money abroad, but as you can see, it is an obsolete procedure that does not deliver the ideal experience for either the sender or the recipient.

Sharing a credit card might be quite beneficial here. It cuts out the middleman and streamlines the entire procedure.


Many of the issues with conventional credit cards are resolved if you use Xare. Traditional credit cards are excellent for establishing credit and personal use. They aren't always the ideal choice, though, when moving money abroad. You can obtain a conventional credit card and ask for an extra card for a permitted user who resides abroad. But to achieve this, the card issuer could impose an annual fee.

Additionally, bear in mind that certain cards include a foreign transaction fee, which means you may be charged anywhere from 1% to 3% of the purchase price if the card is used overseas.

Additionally, you alone are responsible for paying the bill, while your authorized user will have access to your whole credit limit.

There may be noway to control the user’s spending, and if you are unable to pay the bill in full, keeping a high debt each month may harm your credit score in addition to adding to your financial stress.

Xare has none of these problems.



Xare is a one-of-its-kind financial platform that enables anyone to share access to creditor debit cards with their loved ones, in their homes, or across borders. The recipient doesn’t even need to have a bank account – just a phone number will do. Sharing the virtual Xare card is instant and free of charge.

The person who receives a Xare card can shop from hundreds of local or global stores directly on the Xare platform

You don’t need to fill out any long application forms – just download the Xare app, create an account, add your credit card as the source of funds and start sharing money with your loved ones.  


1. Instant Access to Funds

Xare gives your family immediate access to your money even if you are miles away. This is especially useful in case of an emergency or unforeseen expenditure. Your family won't have to worry about picking up the cash you send or depositing it in a local bank. With easy access to funds, they can shop online freely.

2. Why Pay Money to SendMoney

Conventional money transfer providers can charge up to 7% of the transfer amount. But Xare transfers for free and you only pay for the currency conversion.

3. Control Spending

Xare keeps the reins in your hands so you can keep a check on how your money is spent. You can set spending limits, approve every transaction, enable only select stores for shopping and withdraw access at any time.

4. Maintain your Budget

With Xare, you can keep an eye on your money all the time, even after you share it with your family back home. Xare gives you greater visibility on how your money is spent, so you can better plan your expenses and work on a budget.

In a nutshell, Xare is a far better way to send money home than any other means of remittance.So, stop sending money home – start sharing it with Xare!

Watch this video to know how you can share money with Xare

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