Not OP, but - It doesn't have to be an either/or proposition. * I keep my savings, checking, and loan accounts at a local bank, which also issues a debit card

Not OP, but - It doesn't have to be an either/or proposition. * I keep my savings, checking, and loan accounts at a local bank, which also issues a debit card. * I have credit cards from Discover and BoA, so that I get big-bank services for them. The bulk of my value as a customer is tied to my mortgage, so my local bank, and possibly Fannie Mae, holds onto those profits.