There are a lot of things to consider when choosing a credit card, from interest rates and annual fees to rewards programmes like the frequent flyer points offered by NAB Qantas Gold credit card. But what about the issuing bank? Should that play a role in which credit card you choose? Maybe — if you already have a banking relationship with one that you’re considering.

Getting a credit card with a bank you already have an account with can offer several benefits, some of which can save you money! Find out below why you should talk to your existing bank about a new credit card, or at least compare their offers to others you’re looking at:

1. You have more negotiating power.

The most important reason to consider getting a credit card with your existing bank is the fact that you’ll be in a better position to negotiate. You already have a relationship with them. It’s one thing to negotiate with a credit card company that doesn’t want to lose your business. It’s another thing to negotiate with a company getting even more business from you.

While having an existing bank account won’t necessarily mean that you get every term that you’d like, you may be better able to secure a decreased interest rate or reduced (or waived) annual fee. Those savings could be the deciding factor between your bank’s credit card and another card.

2. It might be easier to make payments.

If your credit card is through the bank you hold your primary account with, you may be able to pay your credit card bill at the bank branch instead of mailing in a payment. Some people just aren’t comfortable authorising regular monthly withdrawals from their account electronically, and there’s always a risk of being hit with a late fee if a mailed cheque doesn’t arrive on time. If you visit the bank branch anyway (or if they’re simply nearby), you may be able to make your payment in person so you know it’s taken care of before your deadline, especially if you have a habit of cutting it close.

3. They may be more likely to work with you when finances get tight.

While no one likes to think about such things, there’s always a chance that your financial situation could change. You could lose your job for example. If you find yourself riddled with credit card debt and suddenly have no income to meet your monthly minimum payments, your credit history could be in serious trouble.

This is another situation where an existing relationship with your bank can come in handy. They know you, and they’re able to verify your changing finances because the account records are readily available to them. That could make it easier for you to negotiate temporary term adjustments until you find a new job (such as reducing your minimum payments or even suspending them for a short period). That way you can get back on your feet, your credit history won’t be scarred for years, and the bank knows you’re making a sincere effort to get their money back to them.

Interest rates, annual fees, and rewards programmes are all important when choosing a credit card, but next time you’re ready to apply see what your existing banking relationships can do for you. Whether they can save you money, time, or hassle getting a credit card through your existing bank can be a savvy financial move.