Whether you love a low rate, minimal fees, rewards or need to clear your debt with a balance transfer, we’ve got you covered for this year’s best credit cards.
As part of the 2020 Mozo Experts Choice Awards, our expert judges found the best personal credit cards across 12 different categories.
“Consumers use their credit cards in different ways, so we think it’s important to judge providers across a number of various categories,” Mozo Expert Judge, Peter Marshall said.
“We considered which credit cards were the best for people looking for a low rate, no annual fee, rewards or balance transfer. Plus, we also added an innovation award to showcase a new product that stood out this year.”
So who came out on top in 2020? Check out some of this year’s Mozo Experts Choice Awards winners below!
Best Low Rate Credit Card
St.George Vertigo Platinum
2020 Mozo Experts Choice Awards winner^
0% interest on purchases for 15 months
Low 12.99% purchase rate
If you’re all about a low rate when it comes to your credit card, the St George Vertigo Platinum card is worth some attention. This card comes with a 0% purchase rate for 15 months, meaning you’ll pay no interest at all straight off the bat! Then, the rate bumps up to a still low 12.99% after that. And if you don’t like hefty annual fees, you’ll be pleased to know that you’ll only pay $49 in the first year ($99 after). It’s no wonder this card snapped up a 2020 Mozo Experts Choice Award^ for Best Low Rate Platinum Credit Card.
Best No Annual Fee Credit Card
Bankwest Zero Platinum Mastercard
Multiple 2020 Mozo Experts Choice Awards winner^
No annual fee
2.99% balance transfer rate for 9 months (17.99% after)
Want a no annual fee credit card the experts love? Say hello to the Bankwest Zero Platinum credit card. This year, this card came home with two 2020 Mozo Experts Choice Awards^ for Best No Annual Fee Platinum Credit Card and Best Balance Transfer Platinum Credit Card. With the Bankwest Zero Platinum card, you’ll pay no annual fee as well as no foreign exchange margin. Plus, if you’re wanting to clear debt there’s a handy balance transfer offer - 2.99% for 9 months (17.99% after).
Best Rewards Credit Card
American Express Qantas Ultimate Card
2020 Mozo Experts Choice Credit Card Provider of the Year^
2020 Mozo Experts Choice Award winner^
55,000 bonus Qantas points (conditions apply)
With the American Express Qantas Ultimate credit card, it’s all about rewards. From the 2020 Mozo Experts Choice Awards^ Credit Card Provider of the Year and winner of Best Qantas Frequent Flyer Platinum Credit Card, American Express customers can earn a massive 55,000 bonus Qantas points when they apply online and spend $3,000 in the first three months. Plus, you can earn 1.25 Qantas Points for every $1 you spend on the card on eligible purchases. Points are uncapped with this card and don’t expire. Just remember, there is a 20.74% purchase rate and $450 annual fee attached to this card.
Best Balance Transfer Credit Card
Great Southern Bank Platinum Credit Card
2020 Mozo Experts Choice Award winner^
0% balance transfer rate for 20 months (21.74% after)
Credit card debt got you down? The CUA Platinum credit card may be what you need to clear it! This card comes with a 0% balance transfer offer that lasts for 20 months, meaning you’ll pay no interest on your existing debt as long as it is cleared before the offer expires. Plus, if you are looking to save on fees in the first 12 months, this card has a $0 annual fee in the first year, but remember you’ll need to budget for a $149 cost every year after that. Need more convincing?Our experts loved the CUA Platinum card so much, they awarded it a 2020 Mozo Experts Choice Award^ for Best Balance Transfer Platinum Credit Card.
Best Credit Card Innovation
NAB StraightUp Card
2020 Mozo Experts Choice Award for Credit Card Innovation^
If you’re all about innovation and finding the best new credit card product on the market, NAB’s StraightUp Credit Card might be exactly what you’ve been searching for. Awarded the 2020 Mozo Experts Choice Award^ for Credit Card Innovation, this card not only breaks away from traditional credit cards but has a bunch of perks too. The card comes with no interest rate, no foreign exchange fee or late payment penalty. Instead, you pay a monthly fee between $10 and $20, depending on your credit limit. Plus, if you don’t have a balance owing or you don’t use your card at all during a statement period, NAB will reverse the monthly charge. Talk about innovation!