Australia’s best credit cards rated: The Mozo expert guide

Niko Iliakis

12 Nov 2019

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There’s plenty to consider when picking out a credit card. Purchase rates, points earning potential, annual fees — all these things can make for confusing terrain to navigate. 

That’s why we’ve compiled some winners from this year’s Mozo Experts Choice Awards* to help you find a card that’s right for you. 

Our team of judges pored over 208 personal credit cards and 35 business credit cards issued by 71 Australian financial institutions to determine which ones offered the best value and features.

So whether you’re looking to rack up points, make overseas purchases, or just do your everyday shopping, the selection below should help put you on the right track.

Promoted

American Express Qantas Discovery Card
  • 0.75 Qantas Points per $1 on regular spends

  • No annual fee

  • 2019 Mozo Experts Choice Credit Card Provider of the Year

Expert verdict

With the Amex Qantas Discovery card, you’ll earn 0.75 Qantas Points per $1 on everyday purchases, and 1.75 Points for every $1 you spend on Qantas products and services. You’ll also be looking at an array of features, like Refund Protection, Purchase Protection, and Emergency Card Replacement, and there aren’t any annual fees you’ll have to worry about. It’s features like this that earned the Amex Qantas Discovery card a win in the Mozo Experts Choice Best Qantas Frequent Flyer Credit Card* category this year.

Promoted

ME frank Credit Card
  • 11.99% p.a. purchase and cash advance rate

  • No annual fee

  • Up to 55 days interest free

Expert verdict

Sporting a seriously low 11.99% p.a. purchase rate, the ME frank Credit Card is the perfect companion for the everyday shopper. You’ll get a generous 55 interest free days to pay off your balance, and there are also no annual fees you’ll have to worry about, which saw it recognised in the No Annual Fee Credit Card category in this year’s Mozo Experts Choice Awards*. Just remember that you’ll be charged 11.99% p.a. on cash advances, and there is an additional cash advance fee of $4 or 2%, whichever is greater.

Promoted

ANZ Frequent Flyer Black
  • Receive 100,000 bonus Qantas Points and $200 back if you spend $4,000 on eligible purchases in the first 3 months

  • 2 Qantas Club Lounge visits each year

  • Premium features such as international travel insurance, concierge, extended warranty

Expert verdict

With the ANZ Frequent Flyer Black, you’ll be able to earn 1 Point for every $1 spent on Visa (up to $7,500 a month). And it comes with a number of excellent perks too, which is why it featured prominently in the Best Premium Card Benefits category in this year’s Mozo Experts Choice Awards*. You’ll get two free Qantas Club Lounge visits each year, plus unlimited access to participating airport lounges outside Australia. And to sweeten the deal, if you spend $4,000 on eligible purchases in the first 3 months, you’ll receive 100,000 bonus Qantas Points, plus an extra $200 in your pocket. Just remember to weigh all that up against the $425 annual fee.

Promoted

American Express Velocity Escape Card
  • 0.75 Velocity Points per $1 on regular spends

  • $0 annual fee

  • 55 interest-free days

Expert verdict

The Amex Velocity Escape Card was recognised by our team as one of the Best Velocity Frequent Flyer Credit Cards, and it’s not too difficult to see why. For every $1 you spend you’ll nab 0.75 Velocity Points, and that bumps up to 1.75 Points for selected Virgin Australia products and services. What’s more, for the first 12 months, you’ll be able to take advantage of a 0% p.a. balance transfer rate (which will then revert to 20.74% p.a. once those 12 months are up), and you’ll have 55 interest-free days on any purchases you make.

Promoted

Bankwest Breeze Platinum Mastercard
  • Low ongoing 9.90% p.a. purchase rate

  • Complimentary overseas travel insurance

  • No foreign transaction fees

Expert verdict

The Bankwest Breeze Platinum card comes with no foreign transaction fees on online or international purchases, and if you're heading overseas you’ll receive complimentary travel insurance, making it a great option for travellers and online shoppers alike. What’s more, the purchase rate of 9.90% p.a. puts it among the lowest in our database, and helped earn it a win in the Best Low Rate Platinum Credit Card category in the 2019 Mozo Experts Choice Awards*. Just keep an eye out for the cash advance rate of 21.99% p.a. and the annual fee of $99, though the latter is waived in the first year.

Promoted

Bankwest Zero Platinum Mastercard
  • No annual fee

  • Premium perks for free

  • No foreign exchange fee

Expert verdict

Whether you’re travelling overseas or shopping online, the Bankwest Zero Platinum is the type of card you want to have handy. It comes with no annual fee, no foreign transaction fee, and offers some top-notch benefits, like complimentary overseas travel insurance, interstate flight inconvenience insurance, and price guarantee insurance. And to cap things off, it has a number of Mozo Expert Choice Awards under its belt, including wins in the No Annual Fee Platinum Credit Card, Travel Credit Card and Platinum Travel Credit Card categories.

Looking to compare even more credit cards? Head over to our credit card comparison page, where you’ll be able to browse an even greater selection.

Find out more about the Mozo Experts Choice Awards and to see the methodology.

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