Getting a Credit Card From a Different Bank From The Transaction Account

Getting a credit card from another bank may save you more money than maintaining savings and credit card accounts in one financial institution.

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

A credit card can be considered a loan. There is no security offered against this loan, and the credit is given by the issuer of the card. This means that the credit card does not have to be tied to the same financial institution where the transaction account is sitting.

Citibank Clear Platinum credit card

The Citibank Clear Platinum is a low interest platinum credit card offer. It has all the perks of a standard Platinum VISA including a 24/7 Personal Concierge service, complimentary international travel insurance, extended warranty on purchases and purchase protection insurance.

• $99 annual fee
• 11.99% p.a. on purchases
• 2.9% p.a. for 12 months on balance transfers
• Cash Advance Rate of 21.74% p.a.
• 55 days interest free
• Minimum Income Requirement of $35,000 p.a.

Read the Citibank Clear Platinum Card terms and conditions.

Getting a credit card from another financial institution

It is not only banks that are providing credit cards these days. Stores and airlines also offer credit cards and it is usually easier to make an application for one of these cards than a bank card. They may also offer a more generous rewards scheme if the consumer uses the airline or store frequently.

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 best deal they can. In some cases a person may have a transaction account, apply for a credit card at another bank and then move the transaction account over to the new bank. Anything is possible in this day and age of credit card competition and consumers know a good deal when they see one.

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. The payments can still be handled easily, however, when the two accounts are at a different bank or financial institution. Another thing you should keep in mind when deciding whether to keep both accounts at the same place is whether a package fee is being offered for both accounts at one bank. This may or may not save you money, depending on the interest rates and fees you have to pay on the credit card.

Take the time to shop around for a credit card that will save you the most money and give you the most benefits. Credit card competition is fierce in Australia today and you should make the most of it while you can. There are some fantastic deals being offered, and you don’t have to have a credit card with the same bank that holds your transaction account for you.

Check out today's featured offers:

Westpac Low Rate	Citibank Clear Platinum	Qantas AMEX Discovery	ANZ Platinum
0% p.a. for 6 months on purchases & balance transfers	2.9% p.a. for 12 months on balance transfers	$0 annual fee Up to 10,000 Bonus QFF Points	0% p.a. for 6 months on purchases & balance transfers

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Popular Credit Card Offers

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Westpac Low Rate Card - 0% Offer	A credit card with a low rate offer on both balance transfers and purchases, plus a low annual fee.	0% for 6 months (reverts to 13.49% )	0% for 6 months	$45	21.49%
	Citibank Clear Platinum Card	Competitive interest rate on purchases and balance transfers offer.	11.99%	2.9% for 12 months	$99	21.74%
	St George Vertigo	Take advantage of this great offer from St.George with a low rate on purchases and a low balance transfer offer.	13.24%	0.99% for 12 months	$55	21.49%
	ANZ Platinum Credit Card	An introductory interest rate offer on balance transfers and purchases, plus a $0 first year annual fee.	0% for 6 months (reverts to 19.24% )	0% for 6 months	$0 annual fee for the first year( $87 thereafter)	20.99%