Rewards lovers took a blow recently when Westpac announced it was canning Amex companion cards with it’s range of rewards credit cards - but there’s no need to panic just yet.
Mozo has crunched the numbers on your rewards earn and found that despite companion cards becoming a thing of the past, a standalone card issued directly by American Express may be your best bet for a bumper points earn.
Looking at an average spend of $19,000 per year, Mozo found American Express' highest performing rewards card delivered a net value of $347. That’s a whopping 40% more value than the highest performing non-Amex card, which delivered a net value of $248.
No wonder Amex was crowned Mozo’s Credit Card Provider of the Year!
“Of course, choosing a rewards card is a personal thing, and with Amex, you need to keep in mind that Amex is still not quite as widely accepted as Visa and Mastercard, and there is the chance of being hit with higher surcharges. So take those things into account when choosing your new plastic,” adds Mozo Director Kirsty Lamont.
If you’re ready to pump up your rewards stash, check out some of American Express’ award-winning pieces of plastic below.