Best Rewards Credit Cards 2018

Congratulations to the winner’s of Mozo Experts Choice Awards for rewards credit cards 2018. The winners list below is a great place to start your search for a new credit card to earn flight, travel or retail rewards.

Experts choice awards hero 2018
Winners for Rewards Credit Cards

What are the Mozo Experts Choice Awards?

The Mozo Experts Choice Awards have been running since 2014 and provide a platform to highlight products in the marketplace we believe offer great value to Australians.

Over 199 credit cards from 67 financial institutions were compared by our money experts for the 2018 Mozo Expert Choice Credit Card Awards. The best rewards credit card for you will depend on your spending habits and rewards preferences so there are several categories of awards to help you narrow down your search.

For details on how we crunched the numbers and determined the award winners see our methodology report.

Mozo’s Credit Card Provider of the Year

American Express
American Express

American Express took home a total of thirteen Mozo Expert Choice Awards this year, almost double the number of the next best provider. They were awarded in Low Rate, No Annual Fee and Balance Transfer categories, as well as every Reward Credit Card category. This is the third year running American Express has walked away with this award, displaying their consistency even in the face of a changing credit card market. While their cards can be subject to merchant surcharges and reduced acceptance, we once again feel that the breadth of offerings from American Express is worthy of recognition.

Rewards Credit Card

American Express
American Express

Essential Credit Card

$0

1 point uncapped

14.99% p.a.

The Amex Essential card's 1 point for every dollar spent and lack of annual fee combine to make it a winner. There's even Smartphone screen insurance that can cover repairs for up to $500 when using the card to pay for the phone or contract.

Coles
Coles

Rewards Mastercard

$99

2 points uncapped

19.99% p.a.

The Coles Rewards Mastercard offers 2 points per dollar, delivering good value despite the $99 annual fee.

Jetstar
Jetstar

Mastercard (Jetstar Dollars)

$69 $29 in the first year

0.01 points up to 500 points/year

14.99% p.a.

The big focus for Jetstar's card is of course flights. Put all your hard earned points toward Jetstar vouchers and get your next holiday sooner.

Latitude
Latitude

Infinity Rewards

$69

1 point uncapped

20.69% p.a.

The Latitude Infinity Rewards card offers no points capping and no expiry with lots of rewards options all for a low annual fee. Great value when redeeming those points for a gift card.

Myer
Myer

Visa Card

$69 $0 in the first year

1 point uncapped

20.69% p.a.

This one's for the hardcore shoppers! One point for every dollar spent, a reasonable annual fee, as well as bonus points for purchases at Myer.

Premium Rewards Credit Card

American Express
American Express

Explorer® Credit Card

$395

2 points uncapped

20.74% p.a.

The annual fee on the Amex Explorer Card is more than made up for by earning 2 points for every dollar spent. There's also a $400 travel credit available every year along with a couple of complimentary airport lounge passes.

American Express
American Express

Platinum Edge Credit Card

$195

1 point uncapped

20.74% p.a.

Whether you're hunting for gift cards or flights, the Amex Platinum Edge Credit Card delivers solid value and there are bonus points on offer for money spent at major supermarkets and petrol stations. Cover the cost of the annual fee by using the $200 travel credit each year.

Bank of Sydney
Bank of Sydney

Platinum Credit Card

$129

1 point uncapped

18.49% p.a.

No complicated rewards program here, just great value with 1 point for every dollar spent on the Bank of Sydney Platinum Credit Card, and one of the lowest number of points required to get cash back of any of the cards we assessed.

HSBC
HSBC

Platinum Credit Card

$129 Refunded when you spend over $6,000 p.a

1 point uncapped

19.99% p.a.

If you're spending as much as you can on your credit card to stack up rewards points you'll have no trouble meeting the $6,000 annual spend hurdle that sees you wave goodbye to the annual fee on the HSBC Platinum Credit Card.

Jetstar
Jetstar

Platinum Mastercard (Jetstar Dollars)

$169

0.02 points up to $2,500/month, then
0.01 points uncapped

19.99% p.a.

The big focus for Jetstar's card is of course flights. Put all your hard earned points from the Platinum Mastercard toward Jetstar vouchers and get your next holiday sooner!

Myer
Myer

Platinum Visa Card

$69 $0 in the first year

1 point uncapped

20.69% p.a.

This one's for the shoppers! 1 point for every dollar spent, a reasonable annual fee, and bonus points for purchases at Myer.

Westpac
Westpac

Altitude Black with American Express (Altitude Rewards)

$449 $250 in the first year

3 points uncapped

20.24% p.a.

Rev up your points earning by combining an American Express issued card that earns 3 points per dollar with Westpac's Altitude Black card. And don't miss out on the 2 complimentary passes for the Priority Pass lounge each year.

Westpac
Westpac

Altitude Platinum with American Express (Altitude Rewards)

$199 $0 in the first year

2 points uncapped

20.24% p.a.

Another winning combo from Westpac. The Platinum card comes with a lower annual fee than the Black option, but combining with an American Express card lets you get up to 2 points per dollar spent.

Woolworths
Woolworths

Everyday Platinum Credit Card

$49 $0 in the first year

1 point uncapped

19.99% p.a.

The Woolworths Everyday Platinum Credit Card is great to cut your grocery bills. Get 1 point for every dollar spent and Woolies will convert them into shopping cards that can be used at participating stores.

Qantas Frequent Flyer Credit Card

American Express
American Express

Qantas Discovery Card

$0

1 point uncapped

20.74% p.a.

The Qantas Discovery Card is an award winning option from American Express that earns 1 point for every dollar spent yet has no annual fee. Get points faster by adding up to 4 additional cards for family and friends for no extra fee.

Qantas Money
Qantas Money

Qantas Premier Everyday Credit Card

$49 $0 in the first year

0.75 points up to $3,000/month, then
0.4 points uncapped

19.99% p.a.

The Qantas Premier Everyday Credit Card joins the party with a low annual fee and points funnelled directly into the Qantas Frequent Flyer program. Use the Qantas Money App to pull together information about your accounts with other financial institutions.

Qantas Frequent Flyer Premium Credit Card

American Express
American Express

Qantas Ultimate Card

$450

1.5 points uncapped

20.74% p.a.

The Amex Qantas Ultimate card is well named - a $450 Qantas Travel credit each year nicely offsets the annual fee, plus take advantage of two complimentary Qantas Club and American Express Lounge invitations each year, as well as free Qantas Wine Premium Membership.

ANZ
ANZ

Frequent Flyer Black

$425

1 point up to $7,500/month, then
0.5 points uncapped

19.99% p.a.

ANZ's top level Qantas Frequent Flyer card gives you points for every dollar spent, as well as a bunch of perks including 2 free Qantas Club lounge access passes every year and discounted Qantas Club membership if you want access every time you fly.

Qantas Money
Qantas Money

Qantas Premier Platinum Credit Card

$299

1 point up to $10,000/month, then
0.5 points uncapped

19.99% p.a.

As you'd expect from Qantas Money's premium card it's stacked with flight perks. Get a $300 Qantas Flight Voucher when you spend $4,000 in the first 90 days from card approval, 2 complimentary Qantas Club Lounge passes every year, and once a year save up to 20% on selected domestic Qantas flights for you and up to 8 companions.

Westpac
Westpac

Altitude Black with American Express

$499 $300 in the first year

1.25 points uncapped

20.24% p.a.

Rev up your points earning by combining an American Express issued card that earns 3 points per dollar with Westpac's Altitude Black card. And don't miss out on the 2 complimentary passes Priority Pass lounge each year.

Westpac
Westpac

Altitude Platinum with American Express

$249 $50 in the first year

1 point uncapped

20.24% p.a.

Another winning combo from Westpac. A lower annual fee than the Black option, but combining with an American Express card lets you get up to 2 points per dollar spent.

Velocity Frequent Flyer Credit Card

American Express
American Express

Velocity Escape Card

$0

1 point uncapped

20.74% p.a.

With the Velocity Escape Card, there's no cap on how many points you can earn each month, and virtually every dollar spent adds a point to your stash. Check out the range of insurances included and know that American Express can help no matter where you are around the world. All from a card with no annual fee!

American Express
American Express

Essential Credit Card

$0

1 point uncapped

14.99% p.a.

The Amex Essential card's lack of annual fee and earning a point for every dollar spent combine to make it a winner. There's even Smartphone screen insurance that can cover repairs for up to $500 when using the card to pay for the phone or contract.

Coles
Coles

Rewards Mastercard

$99

2 points uncapped

19.99% p.a.

The Coles Rewards Mastercard offers 2 points per dollar, delivering good value even though there's a $99 annual fee.

Velocity Frequent Flyer Premium Credit Card

American Express
American Express

Explorer® Credit Card

$395

2 points uncapped

20.74% p.a.

The annual fee on the Amex Explorer Card is more than made up for by earning 2 points for every dollar spent. There's also a $400 travel credit available every year along with a couple of complimentary airport lounge passes.

American Express
American Express

Velocity Platinum Card

$375

1.5 points uncapped

20.74% p.a.

The Velocity Platinum card not only offers serious rewards points potential, but on top of that you could get a free economy domestic flight every year and 2 complimentary passes for the Virgin Australia lounge.

American Express
American Express

Platinum Edge Credit Card

$195

1 point uncapped

20.74% p.a.

Whether you're hunting for gift cards or flights the Amex Platinum Edge Credit Card delivers solid value, and there are bonus points on offer for money spent at major supermarkets and petrol stations. Cover the cost of the annual fee by using the $200 travel credit each year.

Virgin Money
Virgin Money

Virgin Australia Velocity High Flyer Card

$289

1 point up to $8,000/month, then
0.5 points uncapped

20.74% p.a.

Virgin's High Flyer card is aimed squarely at travellers. Not only did we find the rewards program to deliver great value, there's also a $129 Virgin Australia Gift Voucher available every year and a range of built-in insurances including international travel insurance.

Westpac
Westpac

Altitude Black with American Express

$449 $250 in the first year

3 points uncapped

20.24% p.a.

Rev up your points earning by combining an American Express issued card that earns 3 points per dollar with Westpac's Altitude Black card. And don't miss out on the 2 complimentary passes for the Priority Pass lounge each year.

Best New Rewards Credit Card of the Year

Qantas Money
Qantas Money

Qantas Premier Everyday Credit Card

$49 $0 in the first year

0.75 points up to $3,000/month, then
0.4 points uncapped

19.99% p.a.

The Qantas Money team released the low fee alternative to their established Platinum offering towards the end of 2017. It features up to 0.75 Qantas Points per dollar on everyday spends and more overseas, plus travel insurance and concierge - all for a $49 annual fee which is waived in the first year. A fully featured card, without the fully featured price tag makes it Mozo's Best New Rewards Credit Card of the Year.

FAQs:

What’s the judging Criteria for the awards?

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How did you assess the value of the rewards?

Did you include bonus points offers in the awards calculations?

What’s the difference between the standard rewards categories and the premium rewards categories?

What cards were included in the frequent flyer award categories?

How can I find the best rewards card for my spend level?

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