Australian fintech Stay or Go helps credit card customers save $1.5 billion a year without switching banks

  • Innovative new service, Stay or Go, helps consumers get a better deal with their bank, avoiding the hassle of switching

  • Service unlocked $1.5 billion annual savings available to 6.1 million Australian credit card customers

  • Stay or Go is now working with banks to help home loan customers maintain a competitive deal without changing

Melbourne, Australia, November 2, 2022 /PRNewswire/ — New research from Australian fintech startup Stay or Go has found that one in two credit card customers (6.1 million in total) would benefit from a simple transfer to a product more suitable with his current bank. Maintaining their current product is estimated to cost these customers a collective cost $1.5 billion every year.

The research, based on a sample of 5,000 Stay or Go customers, identified three groups of consumers who could benefit the most:

  • Consumers struggling to pay their balance in full – by transferring to their bank’s reduced rate or interest-free product, these consumers can save $1,200 on average over 3 years.

  • High spenders who pay their balance in full – by switching to the most appropriate rewards card from their bank, these consumers can earn almost $1,000 the value of additional rewards on average over 3 years.

  • Small spenders who pay their balance in full – by switching to one of their bank’s low-fee cards, these consumers can save almost $500 on average over 3 years.

Big bank customers have the most to gain, with up to a 64% benefit by transferring to one of their bank’s most suitable credit card products. Founder and CEO of Stay or Go, Anthony Fitzgerald explains, “Banks continue to launch innovative new products, but existing customers rarely consider the opportunity to transfer, and many are unaware that they can. If you’ve had the same credit card for more than a few years, there’s Chances are your bank now has a better option available.”

These results follow the launch of Stay or Go’s innovative new service that helps consumers get a better deal from their bank, taking the hassle out of switching.

“The majority of consumers do not want to switch banks, however, so far they have not received any support in negotiating a better deal with their bank. Stay or Go solves this problem.

“For credit card customers, it only takes 60 seconds to check if your bank offers other products you should consider and compare them to the main offers on the market. A very simple summary is presented to you on the amount you you could save, making it easy for you to decide whether to “stay” with your current bank or “leave” with a more attractive offer from a new provider.

“If you decide to transfer to one of your bank’s most suitable credit cards, Stay or Go makes the process easy. Importantly, you generally won’t need to waste time reapplying for credit and you won’t you won’t have to worry about damaging your credit rating.” said Anthony.

Following Stay or Go’s success in the credit card market, where they have already helped over 50,000 consumers get a better deal, the solution is expanding to support home loans, personal loans, car loans and deposits. In fact, Stay or Go can already be used to compare most of these products.

“With interest rates rising rapidly and about $375 billion ultra-low pandemic fixed rate home loans maturing in 2023, we will soon be launching a new service to help consumers negotiate a competitive home loan deal with their current bank. Likewise, the service will help banks better serve and retain their home loan customers,” said Anthony.

Consumers can access Stay or Go at

About Stay or Go

With Stay or Go, you no longer need to switch banks for a better deal. We try to negotiate a better offer for you with your current bank and compare it to the main offers on the market. You can then choose to ‘stay’ or ‘leave’, and relax knowing that we will continue to monitor your new offer to ensure it remains competitive. Our goal at Stay or Go is to empower loyal customers. Our first mission is to help you with your banking transactions. Later, we want to help you with other services, including mobile, broadband and energy.

Stay or Go was founded by Anthony Fitzgerald, Nir Palombo and Simon Dillon who have extensive experience in the Australian banking industry and technology development.

SOURCE Stay or Go


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