Rewards Credit Card Awards 2020

A big round of applause to the 2020 winner’s of Mozo Experts Choice Awards for reward credit cards. No matter what you’re looking for in a rewards credit card - cashback, shopping rewards, travel points, accommodation, travel insurance or more - the Mozo Experts Choice winners list below is a great place to begin comparing.

Mozo Experts Choice Awards 2020 Badge

What are the Mozo Experts Choice Awards?

Now in their seventh year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2020 credit card awards, we analysed 215 personal and 45 business credit card products issued by 72 Australian financial institutions.“Rewards credit cards have traditionally been very skewed towards travel and travel-related benefits and so with the COVID:19 pandemic, many people are now rethinking what they look for in a rewards card and program,” said Peter Marshall, Mozo Experts Choice Awards Judge. 

Our winners list for 2020 is made up of the rewards credit cards that in our opinion provide the best overall value, no matter what rewards you are seeking, whether that’s gift cards, frequent flyer points or complimentary insurance.” 

For details on how we crunched the numbers and determined our winners see our 2020 Mozo Experts Choice Awards Credit Card methodology report


Credit Card Provider of the Year

American Express Logo

Proving that it reigns supreme in the credit card arena, American Express has once again taken out the Credit Card Provider of the Year crown. 2020 marks the fourth year in a row that Amex has been awarded the coveted title. 

American Express collected an astonishing eight awards this year across both consumer and small business cards, in categories ranging from low rate to frequent flyer rewards cards, and everything in between. Winners include: Low Rate Credit Card, Essential Credit Card, Qantas Discovery Card, Qantas Ultimate Card, Explorer Card and Business Explorer Credit Card.


Rewards Credit Card

Cards with rewards offer a lot of incentives, so how do you find the best credit card for you? Our Mozo Experts developed a way of taking into account the number of points earned for every dollar spent, then calculating the value of some items commonly redeemed for those points. We wrapped it all up with the cost of the annual fee and found that these cards are more rewarding than the rest. See the winners below:

American Express logo

American Express

Essential Credit Card

Latitude logo


Infinity Visa

Coles logo


Rewards Mastercard

Premium Rewards Credit Card

More often than not, fees can be larger on a premium rewards card than on a standard card, but so too can the rewards! Our Expert calculations were run to find which platinum, black, and titanium cards give the best rewards bang for your fee buck, and these came out on top:

American Express logo

American Express

Explorer® Credit Card

Bank of Queensland logo

Bank of Queensland

Platinum Visa Credit Card

Bank of Sydney logo

Bank of Sydney

Platinum Credit Card

Commonwealth Bank logo

Commonwealth Bank

Ultimate Awards Credit Card

HSBC logo


Platinum Credit Card

Suncorp logo


Clear Options Platinum (Suncorp Rewards)

Qantas Frequent Flyer Credit Card

Rewards cards that earn Qantas Frequent Flyer points can be great value, even though there might be limited opportunities to travel right now. But as long as you add points to your Qantas Frequent Flyer account at least every 18 months, the points will be ready and waiting for when you can use them.

The winners in this category not only offered great rewards points earning, the judges also assessed the value of other ongoing benefits such as free or discounted flights and lounge access.

American Express logo

American Express

Qantas Discovery Card

Qantas Money logo

Qantas Money

Qantas Premier Everyday

Qantas Frequent Flyer Premium Credit Card

To find the best premium Qantas Frequent Flyer rewards cards we assessed the value of points earned on a higher spend level than for the standard category, then assessed the value of any ongoing discounts including free or discounted flights and lounge access.

American Express logo

American Express

Qantas Ultimate Card

Bankwest logo


Qantas World Mastercard

Qantas Money logo

Qantas Money

Qantas Premier Platinum

Premium Card Benefits

A round of applause again to ANZ for taking the title of Premium Card Benefits award. This particular award is given to the card issuer that offers the leading suite of insurances and other card benefits on their platinum or higher tiered cards. Highlights include; emergency card replacement cost, concierge service and insurances such as international travel, domestic rental car excess cover, and purchase protections.

ANZ logo


Frequent Flyer Black

ANZ logo


Frequent Flyer Platinum

ANZ logo



ANZ logo


Rewards Black

ANZ logo


Rewards Platinum


Frequently Asked Questions

What’s the Judging Criteria for the awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers.

See our methodology report for more detailed information on how we performed product comparisons and determined the final winners for the credit card awards.

Did you compare all credit cards in the market for these awards?

We aim to include most credit card providers in the market in the Mozo Experts Choice Awards. However, not every credit card product on the market will be included in our review.  Any credit card product we review must be available in the market at the time of our analysis. The Premium categories assessed all ‘platinum’, 'diamond' and 'black' credit cards, while the Standard categories considered all other credit cards. Charge cards were not assessed.

How do I choose the best credit card for me?

There is a reason why there are so many different categories of Mozo Experts Choice Awards in Rewards Credit Cards. When you’re looking for a credit card, you’ll want to think carefully about your ability to repay any balance, the card benefits that you’ll use most or get the best value from.

For instance, low rate cards are generally better value if you carry a balance on your card from time to time. If you’re able to pay off your balance in full each month, a no annual fee or rewards credit card could be best for you.

If you want to learn more about the key features of rewards credit cards and the types of cards that are available, why not check out our range of helpful credit card guides. To see the latest credit card deals you can visit our credit cards hub.

Who are Mozo's experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.

I work for a credit card issuer, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.