Best low cost, frequent flyer and rewards credit cards of 2018 revealed
Thursday 18 October 2018
In the market for a new rewards card, balance transfer offer or no annual fee credit card? Then we’ve got good news for you - we’ve just announced the winners of our annual Mozo Experts Choice Credit Card Awards, split into categories designed to help you find the perfect plastic match for your spending.
In 2018, our expert judges analysed and compared a total of 199 credit cards from 67 providers to identify the best value option for Aussie spenders.
“The credit card market is huge, which means it can be really intimidating to try to pick the right one for you, especially if you’re new to the game,” said Mozo Data Manager Peter Marshall.
“Our Mozo Experts Choice Awards are designed to show Australians where to start looking no matter what their credit card needs are.”
Here’s a guide to the Award categories and a small selection of winners to help you work out which winners might peak your interest. Or, if you already know what you’re looking for, head straight over to our Mozo Experts Choice Credit Card Award winners.
Low Rate Credit Card & Low Rate Platinum Credit Card
This category was designed to find the best credit cards for spenders who tend to carry a balance on their card from month to month.
No Annual Fee Credit Card & No Annual Fee Platinum Credit Card
The cards in this category are perfect for spenders who faithfully pay off their balance each month and want to keep other costs down.
Balance Transfer Credit Card & Balance Transfer Platinum Credit Card
These winners might interest cardholders needing to clear a lingering balance before they start spending on their new plastic.
Rewards Credit Card & Premium Rewards Credit Card
This category is for spenders after a rewards card with flexible redemption options ranging from retail products, to gift cards, cash back and flights.
Qantas Frequent Flyer Credit Card & Qantas Frequent Flyer Premium Credit Card
Aussies love to travel - and if Qantas is your airline of choice, then the cards in this category all automatically credit points earnt to your Frequent Flyer account.
Velocity Frequent Flyer Credit Card & Velocity Frequent Flyer Premium Credit Card
If you prefer to fly Virgin, then the cards in these categories might be for you. They include cards that credit points directly to your Velocity account, and those that had other rewards programs where the best redemption option for scoring a free flight was to convert to Velocity points.
Premium Card Benefits
If you’re looking for a card that delivers on all the bells and whistles, including a concierge service, free insurance covers like international travel insurance and emergency overseas card replacement, this is where to look.
Best New Credit Card of the Year & Best New Rewards Credit Card of the Year
We awarded these two gongs to the very best value cards that popped up in our database for the first time in the last 12 months.
New Credit Card of the Year: Commonwealth Bank Essentials Card
New Rewards Credit Card of the Year: Qantas Money Qantas Premier Everyday Credit Card
Credit Card Innovation
This category was to pick out a piece of credit card technology from the last 12 months that was unique, added value for customers and that we thought looked like the start of a trend.
Winner: Qantas Money Qantas Money App
Credit Card Provider of the Year
Finally, our credit card provider of the year was American Express, which took out Mozo Experts Choice Awards across 13 categories - almost twice as many as the next biggest winner.
Ready top choose your new piece of plastic? Head over to the Mozo Experts Choice Credit Card Awards page to see the full list of winners.