Can you get a credit card from a different bank? | Finder

Can you get a credit card from a different bank?

You don’t need to get a credit card from the same bank you have your transaction or savings accounts with. There are actually some benefits in opting for a different one.

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While getting a credit card with the same bank as your debit card provider might offer some convenience, there are some perks to switching to a different bank when applying for a new credit card. Use this guide to weigh up your options and decide whether or not you should get a credit card with your current bank or a different provider.

Getting a credit card with the same bank as your debit account vs with a different bank

There are perks to both staying with your existing bank and signing up to a new one when you’re on the market for a credit card. If you’re having trouble deciding, use the comparison below to determine which strategy is right for you.

Getting a credit card with your existing bank

  • The familiarity of banking with the one institution. If you have banked with the same institution for a while, there are some benefits to staying loyal. If you have a savings account with a bank, for example, you’ll be familiar with the services that the bank offers. You’ll know what to expect from the customer service team and hopefully there will be some branches nearby. Additionally, having all of your online banking on one app or platform offers convenience when managing your money.
  • Simple application process. When you apply for a credit card, the lender assesses your approval based on a number of factors including your income, repayment history and credit history. If you’re applying for a credit card with the same bank, they can access your debit card history and also assess your approval based on your ability to save and your spending behaviour. If you’re good at saving, spend responsibly and don’t overdraw your account, this could work in your favour. The fact that your bank already has your details could also mean that you won’t need to submit some basic details when you’re filling out your application.

Getting a credit card with a new bank

  • Promotional offers. If you’re looking for a new credit card, applying for a card with an introductory offer could help sweeten the deal. For example, some credit cards offer 0% on purchases for a set period, interest-free on balance transfers and bonus points with a rewards or frequent flyer program. These offers are usually only available for new applicants and may not be available if you already bank with the provider. If you do want to take advantage of a promotional offer like this, comparing credit cards with a different bank could provide you with more options.
  • Getting a better deal. While sticking with the same bank might offer convenience, you could be missing out on more competitive deals if you fail to compare your options beyond your regular provider. If you’re unsure where to start, using the comparison tables on finder.com.au is a simple way to compare your options side-by-side. Pay attention to the annual fees, interest rates and features such as rewards, complimentary insurances and more to see how the cards with your usual provider compare to the other options on the market.

Compare credit cards with an introductory offer

Data updated regularly
$
% p.a.
Name Product Balance transfer rate Purchase rate Annual fee Amount saved
HSBC Platinum Credit Card
0% p.a. for 36 months
19.99% p.a.
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
Citi Rewards Card - Balance Transfer Offer
0% p.a. for 30 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Coles No Annual Fee Mastercard
0% p.a. for 6 months
19.99% p.a.
$0
Get $100 off a Coles Supermarket shop when you spend at least $1,000 in the first 60 days and save with a 0% balance transfer offer.
Kogan Money Black Card - Exclusive Offer
0% p.a. for 24 months
20.99% p.a.
$0
Finder Exclusive
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $50 Kogan.com Credit and uncapped rewards points.
Citi Rewards Card - Bonus Points Offer
0% p.a. for 15 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Get 100,000 bonus Citi reward Points (worth $460 in gift cards) when you spend $3,000 in the first 90 days. Plus, a $49 first-year annual fee.
humm90 Mastercard
23.99% p.a.
$99
Enjoy up to 110 days interest-free on purchases, 0% foreign transaction fees and flexible instalment plan options.
St.George Vertigo Classic
0% p.a. for 28 months
13.99% p.a.
$55
Enjoy a 0% interest rate on balance transfers for 28 months, with no balance transfer fee.
Qantas Premier Platinum
0% p.a. for 18 months with 1% balance transfer fee
19.99% p.a.
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months. Plus a discounted $199 first-year annual fee.
ANZ Low Rate
0% p.a. for 20 months
12.49% p.a.
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a. on balance transfers for 20 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 26 months
20.74% p.a.
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
NAB Qantas Rewards Signature Card
0% p.a. for 6 months with 2% balance transfer fee
19.99% p.a.
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
CUA Low Rate Credit Card
0% p.a. for 20 months
11.99% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Take advantage of a 0% p.a. balance transfer rate for 20 months, $0 first year annual fee, and a low variable 11.99% p.a. interest rate on purchases.
Bankwest Breeze Classic Mastercard
0% p.a. for 26 months with 2% balance transfer fee
10.99% p.a.
$0 annual fee for the first year ($49 p.a. thereafter)
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
ANZ Platinum Credit Card
20.24% p.a.
0% p.a. for 17 months, reverts to 20.24% p.a.
$0 annual fee for the first year ($87 p.a. thereafter)
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Virgin Money No Annual Fee Credit Card
0% p.a. for 12 months
0% p.a. for 12 months, reverts to 18.99% p.a.
$0
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
BOQ Specialist Signature Credit Card with Qantas Points
20.5% p.a.
20.5% p.a.
$400
Up to 130,000 bonus points (100k when you spend $4,000 in the first 3 months & 30k when you keep the card open for over 12 months).
Bendigo Bank Low Rate Credit Card
0% p.a. for 24 months with 2% balance transfer fee
11.99% p.a.
$45
Save with 0% p.a. on balance transfers for 24 months (with a 2% BT fee). Plus a 11.99% p.a. purchase interest rate.
Citi Simplicity Card
0% p.a. for 6 months
0% p.a. for 6 months, reverts to 21.49% p.a.
$0
Get 0% p.a. interest for up to 6 months on purchases and balance transfers. Plus, a $0 annual fee for life.
Bankwest Zero Platinum Mastercard
2.99% p.a. for 9 months
17.99% p.a.
$0
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
Coles Rewards Mastercard
0% p.a. for 18 months with 1.5% balance transfer fee
19.99% p.a.
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy 20,000 bonus Flybuys points, a $0 first-year annual fee and 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Citi Rewards Card - Points & Gift Card Offer
0% p.a. for 15 months
21.49% p.a.
$49 annual fee for the first year ($149 p.a. thereafter)
Receive 90,000 bonus Citi reward Points (worth $400 in gift cards) and a $100 Coles eGift Card when you spend $3,000 in the first 90 days.
Citi Clear Card
0% p.a. for 15 months
14.99% p.a.
$49 annual fee for the first year ($99 p.a. thereafter)
Get $250 cashback when you spend $3,000 within the first 90 days. Plus, a 0% balance transfer offer and first-year annual fee discount.
Coles Low Rate Mastercard
0% p.a. for 15 months
12.99% p.a.
$58
Enjoy a 0% interest on balance transfers for 15 months, with no BT fee. Plus, earn Flybuys points as you spend.
Bankwest Breeze Platinum Mastercard
0% p.a. for 26 months with 2% balance transfer fee
10.99% p.a.
$0 annual fee for the first year ($69 p.a. thereafter)
Get 0% interest on balance transfers for 26 months, a $0 first-year annual fee, complimentary travel insurance and no foreign transaction fees.
American Express Business Explorer Credit Card
3.99% p.a. for 6 months, reverts to 19.99% p.a.
$149
ABN holders w/ $75,000 revenue. Get 75,000 bonus points when you spend $3,000 in the first 3 months. Plus, 2 airport lounge passes.
NAB Low Rate Credit Card
0% p.a. for 20 months with 2% balance transfer fee
12.99% p.a.
$59
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
Bank of Melbourne Vertigo Classic
0% p.a. for 28 months
13.99% p.a.
$55
Save with a 0% interest on balance transfers for 28 months, with no balance transfer fee.
BankSA Vertigo
0% p.a. for 28 months
13.99% p.a.
$55
Enjoy a 0% p.a. for 28 months on balance transfers (with no balance transfer fee), a low purchase rate and annual fee.
St.George Vertigo Platinum - Cashback Offer
6.99% p.a. for 12 months
12.99% p.a.
$99
Get $300 cashback when you spend at least $900 in the first 90 days. Plus, platinum perks and a low variable interest rate on purchases.
American Express Velocity Business Card
N/A
$249
ABN holders w/ $75,000 revenue. Receive 75,000 bonus Velocity Points when you spend $3,000 within the first 2 months from card approval.
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Compare up to 4 providers

As you can see, there are a few options to consider when deciding if you should stay with your current bank or look for a credit card elsewhere. Whether or not you’re content to remain with your existing issuer, you should still compare your other options to make sure you’re making the right credit card decision for you.
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6 Responses

    Default Gravatar
    bbApril 18, 2019

    what is the minimum transfer amount, i am getting a credit card from another bank. thanks.

      Default Gravatar
      NikkiApril 19, 2019

      Hi BB,

      Thanks for getting in touch with Finder! If you are referring to a balance transfer credit card application, the minimum transfer amount will depend on the approved amount given to you by the bank. As a friendly reminder, review the eligibility criteria of the card before applying and read up on the terms and conditions of the card. Feel free to reach out to the bank if you need any clarifications.Hope this helps!

      Best,
      Nikki

    Default Gravatar
    MasoomMay 5, 2018

    I have a savings bank account but I m a student and have no regular savings. Now, can I apply for credit card?

      Avatarfinder Customer Care
      JeniMay 6, 2018Staff

      Hi Masoom,

      Thank you for getting in touch with Finder.

      Regarding your enquiry, you must have enough income to service the minimum credit limit available on the card. Income can include your wages from full or part-time work, as well as Centrelink payments and even student scholarships in some cases. If you do not have a source of income, you can consider a supplementary card on a parent or guardian’s credit account or a Visa debit or Mastercard debit card.

      You may want to see our list of credit card issuers that offer student credit card, kindly refer to our comparison table to find the card that suits you. When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

    Default Gravatar
    RedMarch 22, 2018

    How can i get a credit card even if I don’t have savings account?

      Avatarfinder Customer Care
      JhezMarch 22, 2018Staff

      Hi Red,

      Thank you for your comment.

      As long as you meet the eligibility criteria, you can apply for a credit card even if you do not have a savings account. You have to carefully check the requirements, terms, and conditions, and eligibility before you submit an application. Refer to our guide on how to apply for your first credit card. On the page is a comparison table you can use to see which card suits you.

      When you are ready, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with the application or get in touch with their representatives for further inquiries you may have.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      Regards,
      Jhezelyn

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