This really depends on the why you're applying for credit. A credit card is a great way to make everyday purchases (interest-free, if you clear your balance every month) and manage your cash flow. But it may not be the best option if you’re making a larger purchase that will take longer to pay off, as the interest rate on a credit card is usually higher than an interest rate on a personal loan.
So, if you’re buying a car, boat or caravan, or if you’re looking to pay off, refinance or consolidate existing debts, a personal loan might be better choice.
If you’re unsure which option is right for you, speak with one of our lending specialists on 13 25 77 or visit your nearest branch.