A big round of applause to the 2023 winners of the Mozo Experts Choice Awards for Business Credit Cards. To determine which business credit cards deliver the best value for Australian business owners, our team of expert judges assessed 39 business credit card products issued by 19 Australian financial institutions. If you’re looking for a great business card for things like business expenditure, travel or for earning rewards, our winners list below outlines the business credit cards that offer the best value and is an ideal place to start your search.
Business credit cards can help to manage company expenses and balance cash flow, so keeping costs low is an important consideration when choosing a card. The cards listed below offer both the lowest purchase rates and overall costs around, even when ongoing fees are taken into account.
Bank of Melbourne, BankSA, G&C Mutual Bank, Heritage Bank, NAB, and St.George
To determine the winners of the best business rewards credit cards, our judges assessed the real dollar return from rewards schemes when making purchases for your business, looking at total redemption value of cashback and other reward options commonly redeemed.
American Express, NAB, and Suncorp
This particular category is for companies looking to convert business spending into Qantas Frequent Flyer points that could send owners or employees travelling near and far. The two cards awarded offered the leading returns of those assessed.
Bendigo Bank and NAB
If your business is looking for returns on Virgin ticketed flights, the Velocity Frequent Flyer Business award is a great place to start your search. We compared numerous cards which provide Velocity awards for businesses to find this year’s winner.
American Express and NAB
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 Business Credit Card awards, our Experts analysed 39 business credit card products issued by 19 Australian financial institutions head to head. “Choosing the right credit card for your business needs can be imperative to your bottom line, but with the endless choices out there finding the right card can be difficult”, said Peter Marshall, Mozo Experts Choice Awards Judge. “No matter if you’re looking for the added bonus of rewards or frequent flyer points for your business spending or you’re just looking for the lowest possible interest rate, this year’s award winners are the best place to start your search.” 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 Business Credit Cards methodology report.
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.
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2023 Mozo Experts Choice Awards for Business Credit Cards methodology report for detailed information on how we performed product comparisons for credit cards to determine the final winners for 2023.
In this year’s awards we analysed 39 business credit card products issued by 19 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.
When you’re looking for a business credit card you’ll want to think carefully about your ability to repay any balance, and the card benefits that your business will use most or get the best value from.
For instance, low rate cards are generally better value if the business will carry a balance on a 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 a good option for your business.
If you want to learn more about the key features of business 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.
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 Mozo's Financial Services Specialist he contributes to the team of analysts that gather information and compare products every day, and oversees the calculations and data quality used for producing the Mozo Experts Choice Awards.
Please get in touch with us to discuss by email should you have any queries.