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

Consider credit cards from multiple providers before deciding.

Updated

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.

Our pick for credit card offers

CardMatch™ from creditcards.com

  • Find card offers you are more likely to qualify for without impacting your credit score.
  • Save time by comparing matched offers from multiple partner banks.
  • You may be matched to special offers based on your credit profile.
  • See your matched offers in less than 60 seconds.
  • Get matched to the card feature that's right for you. Find cards with low interest, cash back, balance transfers, and travel rewards.
  • Users may not be matched with all offers or banks. Matches are based on a user's credit profile. See the CardMatch terms and conditions for more details.
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See Rates & Fees

Compare credit cards

Name Product Filter values Rewards Purchase APR Annual fee
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.
Citi® Double Cash Card
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
13.99% to 23.99% variable
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
CardMatch™ from creditcards.com
See terms
See issuer's website
See terms
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
TD Cash Credit Card
3% on dining, 2% at grocery stores and 1% on all other eligible purchases
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
$0
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
Luxury Card Mastercard® Titanium Card™
1x points on all purchases with 2% point value when you redeem for airfare and 1% for cash back
14.99% variable
$195
Enjoy unique excursions, privileged access to exclusive events and insider opportunities.
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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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