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Mozo experts choice awards 2023 credit cards

Credit Cards Mozo Experts Choice Awards 2023

The team of expert analysts at Mozo have unveiled the winners of the 2023 Mozo Experts Choice Awards for Credit Cards. Find out who was crowned in this year’s awards.

See the winners

Stats crunched by Mozo Experts

  • 154
    Credit Cards
  • 69
    Australian Financial Institutions
  • 8
    Awards Categories
View methodology report

A big round of applause to the 2023 winners of the Mozo Experts Choice Awards for Credit Cards. To determine which credit cards deliver the best value for Australians, our team of expert judges assessed 201 personal credit cards products issued by 70 Australian financial institutions. If you’re looking for a credit card for things like everyday spending or travel, our winners list below outlines the credit cards that offer the best value and make a great place to begin your search.


Standout Winners

Mozo experts choice awards 2023 credit cards

Credit Card Provider of the Year

Bankwest have been awarded Mozo Experts Choice Awards Credit Card Provider of the Year for 2023, after taking out awards across a variety of categories, winning for Low Rate, No Annual Fee, Balance Transfers and Payment Plans. Bankwest’s range of credit card options offered are well worth considering as some of the best value cards available.

Congratulations to:

Bankwest

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Mozo experts choice awards 2023 credit cards

Low Rate Credit Card

Credit card interest rates can vary enormously, and make a real difference to the cost of carrying a balance on the card. The winners in this category have some of the lowest purchase rates available, but the judges also took into account the impact of the annual fee charged for holding the card and the number of interest free days on offer to find this year’s winners.

Congratulations to:

Bankwest, Community First Bank, Credit Union SA, Defence Bank, Easy Street, G&C Mutual Bank, Illawarra Credit Union, and MOVE Bank

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Mozo experts choice awards 2023 credit cards

Low Rate Premium Credit Card

The winners in this category prove that you don’t have to pay exorbitant interest rates to carry a premium card and take advantage of the extra benefits they usually bring. The winners in this category were judged on the interest rate and annual fee.

Congratulations to:

Bank First, Bankwest, Citi, and P&N Bank

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Mozo experts choice awards 2023 credit cards

No Annual Fee Credit Card

For people who usually pay off their credit card balance every month with the aim of not paying interest, the annual fee and interest free days are critical, while interest rates are also important, should plans change. The judges identified those cards with no annual fee and good interest free periods, and awarded those cards with the lowest interest rates.

Congratulations to:

American Express, Bank Australia, Bank First, Bankwest, Credit Union SA, Firefighters Mutual Bank, Health Professionals Bank, Hume Bank, ING, ME, QBANK, Teachers Mutual Bank, and UniBank

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Mozo experts choice awards 2023 credit cards

No Annual Fee Premium Credit Card

Only three platinum cards met our criteria for this category of charging no annual fee and offering an interest free days period. The interest rates on these cards are not as low as the winners in the standard No Annual Fee category, but for customers who confidently clear the balance every month that cost disappears.

Congratulations to:

Bankwest, Bendigo Bank, and Latitude

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Mozo experts choice awards 2023 credit cards

Balance Transfer Credit Card

Balance transfers come in all shapes and sizes, which can make it very hard to compare options when paying down an existing debt is your priority. The Mozo judges crunched the numbers to find which offer the best value for a typical cardholder, taking into account not only the balance transfer terms, but also the annual fee and what it might cost once the introductory rate expires.

Congratulations to:

Bank of Queensland, Bankwest, QBANK, and Westpac

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Mozo experts choice awards 2023 credit cards

Balance Transfer Platinum Credit Card

For customers looking to transfer a balance to a Platinum card to pay off debt, these cards came out on top in this category.

Congratulations to:

Bank of Melbourne, BankSA, Bankwest, HSBC, and St.George

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Mozo experts choice awards 2023 credit cards

Credit Card Payment Plan

Having a credit card with a payment plan attached combines the best of both worlds: an ongoing credit line and a buy now pay later option. The winners of this category do both without charging any additional fees or interest.

Congratulations to:

Bankwest and Westpac

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What are the Mozo Experts Choice Awards?

Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians. For the 2023 Credit Card awards, our Experts analysed 201 personal credit card products issued by 70 Australian financial institutions head to head. “There are so many credit cards on offer, some with lower rates, some with less fees, and lots of different perks. When looking for a credit card the best card for you will depend on what your needs are, and what features you want,” said Peter Marshall, Mozo Experts Choice judge. “With these awards we aim to find which credit cards are the best for different types of users, whether you want to minimise interest, avoid a hefty annual fee, or grab a great low rate.” For full details on how we crunched the numbers, the awards criteria and how we determined the winners, see the 2023 Mozo Experts Choice Awards for Credit Cards methodology report.

Our Expert Judges

We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.

  • Judge ajduncan

    AJ Duncanson

  • Judge peter

    Peter Marshall

  • Judge meredith

    Meredith Allan

  • Judge george

    George Hirst

  • Judge rumpa

    Rumpa Saha

  • Judge afia

    Afia Asha

FAQs

What’s the Judging Criteria for the Mozo Experts Choice Awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2022 Mozo Experts Choice Awards for Credit Cards methodology report for detailed information on how we performed product comparisons for credit cards to determine the final winners for 2022.

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

In this year’s awards we analysed 221 personal credit card products issued by 75 Australian financial institutions. We aim to include most providers in the market in the Mozo Experts Choice Awards. However, not every product in the market will be included in our review. For a full list of the providers included in our assessment, please see our methodology report.

How do I choose the best credit card for me?

When you’re looking for a credit card you’ll want to think carefully about your ability to repay any balance, and 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 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 comparison page.

Who are the Mozo Experts?

The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.

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

Please get in touch with us to discuss by email should you have any queries.