7 Ways to Get the Best Credit Card Deals from Your Bank

You probably see lots of different options for credit cards. Perhaps you receive a mailer, see an offer online or notice a banner in your bank .

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Securing a credit card from your bank might be a good and simple choice. After all, you and the institution are familiar with each other.

“If you’ve been a regular and reliable customer of the same bank for a long stretch of time, and your accounts are in good standing, the bank may be more inclined to extend you a new line of credit than an institution you’ve never worked with before,” noted Experian . “Not only that, but if you maintain a healthy balance in your account and have a solid record of paying any fees or charges that come due, your bank might take all that into account in addition to the usual factors that determine your credit score.”

Here’s a look at seven ways to get the best credit card deals from your bank.

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Do Your Homework

First, don’t fall into the trap of thinking it’s easy to apply because it’s your bank and so you don’t need to do much work.

Instead, do your research on the bank’s website and then log in to your account and see what offers may be available. Once you’ve done this research, consider going to the bank branch in person.

You can talk to your banker or a customer service representative about your options. If you don’t have a personal banker, ask about being assigned one. You could even ask if they have a financial advisor or other agent that could assist you with making choices about cards and other bank options.

You may see signs or informational posters that can help you discuss your best card choice. In addition, you may learn about offers that were not listed or you missed while doing your research.

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Ask About Welcome Bonuses

Here’s a tip that may land you some sweet financial rewards. While you’re at the bank talking about credit card options, don’t forget to ask about welcome bonuses.

“A common reason one may apply for a specific credit card at a specific moment is to secure a lucrative welcome bonus that provides more points or better introductory financing than usual,” according to Experian. “Try to time your application for when the card’s welcome offer is as high as possible and for when you can meet any spending or other requirements responsibly.”

Consider the Rewards

After you consider any welcome bonus, look at the rewards associated with the bank credit card you are considering. Cash back and travel rewards are among the more common offerings.

Need help deciding what rewards are best? Per Forbes , “If you’re having trouble deciding, you can always start with a cash-back credit card to earn rewards on every purchase and add another when you feel more comfortable navigating another rewards program.”

Think About Your Priorities

Speaking of rewards, Forbes suggests you think about what you really want from your new card. For instance, if you’re making a large purchase, a card with a low interest rate or a 0% introductory APR will give you more time to pay it off. If you plan to use your card for weekly groceries regularly, a card with bonus rewards at supermarkets may be a good bet. Finally, you may look for extensive travel benefits if you take a lot of trips and enjoy traveling.

Look at Your History

Per the Consumer Financial Protection Bureau , you should look at your own history with credit cards when considering a new one.

“If you have carried balances in the past, or think you are likely to do so, consider credit cards that have the lowest interest rates,” the Bureau noted. “These cards typically do not offer rewards and do not charge an annual fee.”

Ask For What You Want

Sometimes you don’t have because you don’t ask. This may hold true when it comes to getting the best deals on credit cards from your bank.

“If you have a credit card and are happy with your service but think you’re paying too much in interest and fees, then ask the issuer to match or beat the terms and rate on the new card you’re considering,” according to the Bureau.

Be a Good Customer

Here’s a final way to get the best credit card deal from your bank. Try to be the best customer you can.

As mentioned, you can do this by keeping a good amount in your account and paying fees on time. In addition, this good behavior could pay off if your bank selects you for credit card rewards to earn by referring those in your social circle to join the bank and become cardholders. You may find yourself being rewarded with bonus points.

This article originally appeared on GOBankingRates.com : 7 Ways to Get the Best Credit Card Deals from Your Bank