Will you get a better deal with your banks credit card?

Most people have all their credit cards, debit and savings accounts with one banking institution. It used to be a lot harder to transfer across to different banks before the World Wide Web made it much easier. Be smart when signing up for a credit card, don't just assume you are getting a good deal because you are keeping all your cards with one bank, a lot of banks can tailor credit cards to suit their needs.

What features are important when choosing a credit card?

  • The interest rate
  • Annual fees
  • Balance transfer rates
  • Late fees

All of these features can change the credit card dramatically, so consider these points when selecting a credit card, rather than remaining loyal to your bank, as they may not be able to provide you with the best credit card deal.

The upside of having all your eggs in one basket is the debit credit card. You can apply for a debit card if you have a savings account with the same bank. You can use your debit card just like a credit card but instead of incurring interest rate charges and fees, the money will come straight out of your savings account. 

Regardless of your choice, the good news is, you have choices. To compare over 200 Australian credit cards use RateCity's credit card comparison tool.

This is an information service. By browsing on the website and/or using our search tools, you are asking RateCity to provide you with information about products from multiple financial institutions. We will try to show you a range of products in response to your request for information. The search results do not include all providers and may not compare all features relevant to you, for further details refer to our FSCG. The rating shown is only one factor to take into account when considering these products. We are not a credit provider, and in giving you product information we are not making any suggestion or recommendation to you about a particular credit product. If you decide to apply for a product, you will deal directly with a financial institution, and not with RateCity. Rates and product information should be confirmed with the relevant financial institution, and you should review the PDS before you decide to purchase. See our terms of use for further details. This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.