Best credit card deals January 2018: Mozo Editor’s picks


Whether you’re trying to clear a balance, earn a stack of points or anything in between, we think one of the best ways to kick off the new year is by putting an exceptional piece of plastic in your wallet.

Don’t know where to start? Our editors have picked a few options from our database for you to check out.

Best cards for... crushing debt:

Virgin Money Virgin Australia Velocity Flyer Card - Balance Transfer and Points Offer

Key features

  • 0% interest free balance transfer period for 18 months
  • $65 annual fee in first year ($129 after)
  • $129 annual Virgin Gift Voucher

If you’re looking for a piece of plastic to bring on your travels but need to clear a pesky balance first, the Virgin Money Virgin Australia Velocity Flyer might be just the ticket. You’ll have 18 interest free months to clear away your existing debt, and then you’ll be free to rake in the goodies that come with a rewards card!

HSBC Platinum Credit Card

Key features

  • 0% balance transfer rate for 22 months (2% balance transfer fee applies)
  • No annual fee when you spend $6,000 p.a.
  • Mozo Experts Choice Winner 2017

With a leisurely 22 months to pay off your lingering balance, the HSBC Platinum card will help you get your spending back on track. And once you blast your debt, you’ll have an award-winning Premium Retail Rewards credit card in your pocket. Win-win!

Woolworths Everyday Platinum Credit Card

Key features

  • 0% balance transfer rate for 14 months
  • $0 annual fee in the first year ($49 after)
  • Mozo Experts Choice Winner 2017

If you’re a Woolies shopper then not only does the Woolworths Everyday Platinum come with 14 months to pay off your existing debt, but it’s then a handy piece of plastic to have in your wallet and earn points on your grocery shop!

Best cards for ... ditching fees:

American Express Essential Credit Card

Key features

  • $0 annual fee
  • 14.99% interest rate
  • 1 point per $1 spent, uncapped

With multiple Mozo Experts Choice Awards under its belt, the Amex Essential is a well-rounded piece of plastic that suits just about any wallet. With a low interest rate and now annual fee, this card is for convenient and simple spending.

Coles No Annual Fee Mastercard

Key features

  • $0 annual fee
  • 19.99% interest rate
  • Mobile wallet feature included

With no frills but heaps of convenience and value, the Coles Mastercard is for the practically minded spender. Plus, rewards lovers don’t miss out, with 1 Flybuys point for every $2 you spend on your card.

Best Cards for ... getting rewarded for your spending

American Express Explorer® Credit Card

Key features

  • 50,000 Membership Rewards Bonus Points
  • $400 Travel Credit annually
  • 2 Membership Rewards Points for every $1 spent

Bursting at the seams with rewards goodies, the Amex Explorer is designed for big spenders. Along with a bucketload of rewards points, there are a range of insurance covers and other travel freebies on offer with this plastic.

NAB Qantas Rewards Signature Card

Key features

  • 100,000 bonus Qantas Points when you spend $3,000 within 60 days
  • 1 point per dollar on Visa, up to $5,000 per month
  • Benefits including free travel insurance and concierge service

Did someone say bonus points? The NAB Qantas Signature card comes with a tonne of them, plus other benefits including complimentary insurance covers. If you’re a traveller with a preference for Qantas, this one’s worth a look!

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Head over to our credit card comparison table to find more options.

*All rates and offers mentioned in this article are correct at time of writing, but may be subject to change. Please check the full Mozo review for each product for the most up-to-date information.

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