Can you get a credit card from a different bank without a savings account?

Information verified correct on October 1st, 2016
getting credit card

You don’t need to have a credit card with the same bank you have your savings account with, and often going with a different bank can save you money.

There is no obligation to get a credit card with the same bank and you can apply for a new credit card without a savings account.

Getting a credit card from another financial institution

Nowadays more people have a transaction account at one place and have a credit card provider at another. Considering all the great deals being offered for credit cards, people are more willing to shop around and find the perfect deal they can.

Reasons to have your credit card and savings account with the same bank

  • It is easier to have a combined account where the transaction account is linked to the credit card account at one bank to make payments easier.
  • Banks can offer incentives for you to keep both accounts with them, in the form of discounted fees, bonus points and additional offers.

Reasons to have your credit card and savings account with separate banks

  • Banks provide promotional offers for new customers when they apply for credit cards and savings accounts. Comparing your options can usually reward you with a better deal than you’re currently receiving.
  • Payments can still be handled easily when the two accounts are at a different bank or financial institution. Setting up a direct debit payment to the credit card or savings account is the best way to ensure your payments are met.

Take the time to shop around for a credit card that will save you the most money and give you the most benefits. There are many competitive deals being offered, and you don’t have to have a credit card with the same bank that holds your transaction account for you.

Compare New Credit Card Offers

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Westpac 55 Day credit card
Low Purchase Rate and Balance Transfer Credit Card Offer *
Pay no annual fee for the first year and take advantage of 0% p.a. for 16 months on balance transfers and 1% p.a. for 12 on purchases.
1% p.a. for 12 months (reverts to 19.84% p.a.) 0% p.a. for 16 months $0 p.a. annual fee for the first year ($30 p.a. thereafter) Go to site More info
NAB Low Rate Credit Card
Low Interest Credit Card Offer *
Enjoy a long term offer 0% p.a. for 15 months on purchases and balance transfers combined with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Go to site More info
American Express Essential Credit Card
$0 Fee Card with Balance Transfer Offer
0% p.a. for 12 months on balance transfers combined with no annual fee, reward points and insurances.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
Platinum Credit Card with a Balance Transfer Offer*
HSBC Platinum Credit Card offers an annual fee refund when you spend a minimum of $6,000 per year. You can also enjoy an introductory balance transfer rate of 0% for 15 months.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Velocity Rewards Credit Card with a Balance Transfer Offer*
Earn bonus Velocity Points in your first 3 months and receive a balance transfer offer of 0% for 18 months. Receive a free Virgin Australia $129 Gift Voucher each year. Available from mid-2016.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
Westpac Low Rate Card
Low Interest Rate & Low Annual Fee Credit Card*
Westpac Low Rate credit card offers a low purchase and long term balance transfer rate, with a low annual fee.
1% p.a. for 12 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. Go to site More info
NAB Low Fee Card
Low Annual Fee Purchase & Balance Transfer Offer
0% p.a. for 15 months on balance transfers and purchases combined with a low annual fee.
0% p.a. for 15 months (reverts to 19.74% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $30 p.a. Go to site More info
St.George Vertigo Platinum
Low Rate Platinum Credit Card Offer
0% for 18 months on balance transfers with complimentary insurances and domestic flight inconvenience insurance.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
Citi Qantas Signature Credit Card
50,000 Bonus Qantas Points Offer
Enjoy low introductory interest rates on purchases and balance transfers with a discounted annual fee for the first year. Plus, earn 50,000 bonus Qantas points when you meet the $2,000 minimum spend requirement.
20.99% p.a. 0% p.a. for 6 months $199 p.a. annual fee for the first year ($395 p.a. thereafter) Go to site More info
ANZ First Visa Credit Card - Exclusive Offer
Exclusive Offer to finder.com.au
0% Balance Transfer Offer* Enjoy 0% p.a. for the first 12 months on balance transfers, plus 0% p.a. for the first 3 months on purchases.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $30 p.a. Go to site More info
St.George Vertigo Visa
Low Rate Credit Card & Long Term Balance Transfer Offer*
Enjoy a balance transfer offer of 0% p.a. for 18 months with a low annual fee from St.George
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
ME Bank frank Credit Card
No Annual Fee Low Rate Credit Card*
A low interest rate credit card that changes no annual fees.
11.99% p.a. $0 p.a. Go to site More info
Virgin No Annual Fee Credit Card
No Annual Fee with Balance Transfer Plus Cashback Offer
A no annual fee card with an introductory balance transfer offer and $100 cashback.
18.99% p.a. 0% p.a. for 18 months with 2% balance transfer fee $0 p.a. Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Platinum Card with $200 back offer
Pay no annual fee for the first year and you will also receive $200 back when you spend $500 in the first 3 months.
19.74% p.a. $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info
HSBC Platinum Qantas Credit Card
International Frequent Flyer Credit Card*
Receive 60,000 bonus Qantas Points on eligible spend within 3 months, 1 Qantas Point per $1 spent and complimentary international travel insurance.
19.99% p.a. $199 p.a. Go to site More info
Newcastle Permanent Value+ Credit Card
Low Purchase Rate Credit Card*
A low interest rate on purchases on your everyday purchases.
11.49% p.a. $49 p.a. Go to site More info
American Express Explorer Credit Card
100,000 Membership Rewards Bonus Points and $400 travel voucher*
Receive 100,000 Membership Rewards Bonus Points on eligible spend within the first 2 months of Card Membership. Also enjoy a $400 travel voucher and two complimentary airline passes per year.
20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $395 p.a. Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Low Purchase Rate*
Enjoy 1% for 12% months on everyday purchases and 0% for 18% months on balance transfers.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
American Express Platinum Edge Credit Card
Platinum Credit Card Offer with Frequent Flyer Benefits**

Receive 10,000 Membership Rewards Bonus Points when you meet the minimum spend requirement, earn 3 Membership Reward points per $1 spent, get a complimentary domestic return flight each year.

20.74% p.a. 0% p.a. for 12 months with 1% balance transfer fee $195 p.a. Go to site More info
Bank of Melbourne Vertigo Platinum
Long Term Low Rate Platinum Credit Card
Platinum credit card with on purchases for 12 months and 0% p.a. for 18 on balance transfers, complimentary insurances and 24/7 concierge.
1% p.a. for 12 months (reverts to 12.74% p.a.) 0% p.a. for 18 months $99 p.a. Go to site More info
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Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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