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Should I get a credit card with my bank or another bank?

Consider credit cards from multiple providers before deciding.

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Fact checked

You’ve decided it’s time for a new credit card. Should you apply for one with your current bank, or seek greener pastures with another provider? While it can be convenient to open a card with your current bank, you could find a more attractive card with another lender.

Getting a credit card with your bank vs. another bank

If you’re having trouble deciding between staying with your bank or switching, consider these factors.

Benefits of getting a credit card with your current bank

  • Familiarity.

    If you’ve banked with an institution for a while, there are some benefits to staying loyal. You may be very familiar with the services and policies of your current bank. You may also know what to expect from the customer service team and have visited a few of the bank’s branches.

  • Simple application process.

    When you apply for a credit card, the provider assesses you based on a number of factors, such as your income and credit history.

    Your current bank can access your account activity, such as a checking or savings account history. This helps it assess your risk profile based on your savings and spending. If you’ve used your account responsibly, this could increase your approval odds for a credit card.

    Another perk: Since your bank already has your basic information, you might not need to spend time filling out a credit card application from scratch. Your bank may auto-fill most or all form fields.

Benefits of getting a credit card with a new bank

  • Get a better deal.

    While sticking with the same bank might offer convenience, you could miss out on more competitive deals from other providers. By branching out to other banks, you can find products with attractive 0% intro APR periods, signup bonuses, rewards and travel benefits.

  • Balance transfers.

    If you already have a credit card with your current bank, opening another card with the same institution most likely won’t give you access to balance transfers.

    If you open a card with another provider, you can move your balances to that card.

Compare credit card offers

Once you’re ready to get a new card, whether that’s with your current bank or a new bank, make sure you compare cards to find one that best fits your needs. See the offers below, and use the table to see side-by-side comparisons of cards.

Blue Cash Everyday® Card from American Express logo

Blue Cash Everyday® Card from American Express

★★★★★
Chase Freedom Unlimited® logo

Chase Freedom Unlimited®

★★★★★
Chase Sapphire Preferred® Card logo

Chase Sapphire Preferred® Card

★★★★★
Chase Freedom Flex℠ logo

Chase Freedom Flex℠

★★★★★
Name Product Filter values Rewards Purchase APR Annual fee
Blue Cash Everyday® Card from American Express
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
0% intro for the first 15 months (then 13.99% to 23.99% variable)
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
Chase Freedom Unlimited®
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
Earn a huge signup bonus for a no annual fee card with rewards of up to 5% cash back on popular everyday categories.
Citi® Diamond Preferred® Card
N/A
0% intro for the first 18 months (then 14.74% to 24.74% variable)
$0
Long 18 months intro APR periods on purchases and balance transfers. Plus Citi Entertainment℠ for deals on dining and going out.
Chase Sapphire Preferred® Card
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
15.99% to 22.99% variable
$95
This popular travel card's signup bonus is worth up to $1,000. Get even more value out of your travel, dining, and Lyft rewards by transferring them to miles.
Chase Freedom Flex℠
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
0% intro for the first 15 months (then 14.99% to 23.74% variable)
$0
This no-annual-fee cashback card is one of the most valuable on the market. It boasts a huge signup bonus and up to 5% cashback in multiple purchase categories.
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Compare up to 4 providers

Bottom line

When looking for a credit card, there are a few factors to consider before deciding if you’re going to stay with your current bank.

Even if you’re content with your current bank, compare top cards from other providers before settling on your final choice. Doing can possibly land you with a credit card that better matches your spending style.

Frequently asked questions

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