Congratulations to the 2018 winner’s of Mozo Experts Choice Awards for credit cards. No matter what you’re looking for in a new credit card - a low interest rate, no annual fee or the latest innovation - the Mozo Experts Choice winners list below is a great place to start your search.
Now in their fifth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.
For the 2018 credit card awards, over 199 credit cards from 67 financial institutions were compared by our money experts. We’ve grouped cards into easy to compare categories so that you can find a credit card that best meets your spending and financial needs.
For details on how we crunched the numbers and determined the award winners see our methodology report.
The Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. Credit card providers don’t pay to be in the running and we don’t play favourites. Our Judges base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity.
Our award methodology report is available for you to read which includes criteria for each award category and lists all providers considered for awards.
We analysed 199 personal credit card products from 67 providers for the 2018 Mozo Experts Choice Credit Card Awards. We can’t say this covers every credit card product available but it is a large proportion the ones that are publicly available to Australian consumers.
To be considered for this award, we examined all new entrants to the Mozo credit card database in the last 12 months and assessed each on the potential value to their cardholders.
To avoid awarding short term tactical offers, discounted balance transfer rates were required to be in the market for at least three months.
We based the award on a $4200 transfer, repaid at a rate of $100 per month. The calculations included any discounted balance transfer interest rate, the interest rate applicable beyond any discounted period, any fees that may be charged to gain access to a balance transfer rate, and annual fees. We also assumed that the card was not used for any new purchases.
There is a reason why there are so many different categories of Mozo Experts Choice Awards in 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 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 hub.
Mozo has been researching and comparing products since 2008, and thousands of Australians use our comparison services each month. Our research team is headed by our Data Services Director and our Product Data Manager who have over 50 years of financial services experience and 23 years in online comparison.
Please get in touch with us to discuss by emailing or phoning our advertising sales team on 02 9037 4368.