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Mozo experts choice awards 2023 rewards credit cards

Rewards Credit Cards Mozo Experts Choice Awards 2023

Congratulations to the 2023 winners of Mozo Experts Choice Awards for Rewards Credit Cards.

See the winners

Stats crunched by Mozo Experts

  • 158
    Rewards Credit Cards
  • 70
    Australian Financial Institutions
  • 11
    Award Categories
View methodology report

A big round of applause to the 2023 winners of the Mozo Experts Choice Awards for Rewards Credit Cards. To determine which rewards credit cards deliver the best value for Australians, our team of expert judges assessed 158 personal credit card products issued by 70 Australian financial institutions. If you’re looking for a great card for things like earning frequent flyer points or other rewards, our winners list below outlines the rewards credit cards that offer the best value and make a great place to begin your search.


Standout Winners

Mozo experts choice awards 2023 rewards credit cards

Rewards Credit Card Provider of the Year

American Express has taken out Rewards Credit Card Provider of the Year for 2023, taking a win in the majority of the Mozo Experts Choice Awards categories that assess the best rewards cards. American Express offers a great range of credit cards for customers looking to take advantage of loyalty programs.

Congratulations to:

American Express

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Mozo experts choice awards 2023 rewards credit cards

Best New Credit Card

This category highlights any newly launched credit cards that have exceptional value or other standout features that deserve to be rewarded. This year two cards were equal first as each of them offer complimentary travel insurance and charge no margin on purchases made in foreign currencies - making them great options for customers using credit cards for travel expenses. Both of these cards also won awards in other categories.

Congratulations to:

Bendigo Bank and Commonwealth Bank

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Mozo experts choice awards 2023 rewards credit cards

Rewards Credit Card

Cards with rewards can be very attractive, but there are a lot of them, and each is a bit different from the rest, so how to find the best one for you? At Mozo we 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 awarded the cards that are more rewarding than the rest according to our assessment.

Congratulations to:

American Express, Coles, and Kogan Money

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Mozo experts choice awards 2023 rewards credit cards

Premium Rewards Credit Card

Fees can be larger on a premium rewards card than on a standard card, but so too can the rewards. We ran our calculations to find which platinum, black, and titanium cards give the best rewards for your money, and these came out on top.

Congratulations to:

American Express, Bank of Queensland, Bank of Sydney, Citi, Commonwealth Bank, HSBC, and Suncorp

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Mozo experts choice awards 2023 rewards credit cards

Cashback Credit Card

Many credit card holders prefer the simplicity and benefits of cashback-based rewards that can be redeemed as opposed to gift cards. Our judges assessed the value of cards that enable this form of rewards for standard cards and found these to be the winners.

Congratulations to:

American Express, BCU Bank, Hume Bank, and Kogan Money

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Mozo experts choice awards 2023 rewards credit cards

Cashback Premium Credit Card

To find the best premium cashback cards our judges assessed the value of cash based redemptions on a higher spend level than for the previous category for platinum or higher status cards.

Congratulations to:

American Express, Bank of Sydney, Commonwealth Bank, HSBC, and ING

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Mozo experts choice awards 2023 rewards credit cards

Qantas Frequent Flyer Credit Card

Rewards cards that earn Qantas Frequent Flyer points can be great value, particularly for people who travel often and use Qantas services regularly. To find the winners in this category our judges not only looked at the value of rewards points that can be earned, but also any ongoing discounts including free or discounted flights and lounge access.

Congratulations to:

American Express

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Mozo experts choice awards 2023 rewards credit cards

Qantas Frequent Flyer Premium Credit Card

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

Congratulations to:

American Express, Bankwest, G&C Mutual Bank, and HSBC

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Mozo experts choice awards 2023 rewards credit cards

Velocity Frequent Flyer Credit Card

Many rewards programs allow their rewards points to be converted into Velocity Frequent Flyer points where they can be used to help pay for flights. To find the winners in this category our judges not only looked at the value of rewards points that can be earned, and any conversion ratio that may apply, but also any ongoing discounts including free or discounted flights and lounge access.

Congratulations to:

American Express and Coles

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Mozo experts choice awards 2023 rewards credit cards

Velocity Frequent Flyer Premium Credit Card

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

Congratulations to:

American Express, BOQ Specialist, and Virgin Money

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Mozo experts choice awards 2023 rewards credit cards

Premium Card Benefits

This award is presented to the card issuers that offer the leading suites of insurance and other card benefits on their platinum or higher tiered credit cards. Things like emergency card replacement cost, concierge service and insurances such as international travel, domestic rental car excess cover, and purchase protections were things factored in the award criteria.

Congratulations to:

ANZ and NAB

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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 Rewards Credit Card awards, our Experts analysed 158 personal rewards credit card products issued by 70 Australian financial institutions head to head.

“Finding a rewards credit card that gives you the benefits you actually want and are able to redeem can be hard with so many options to choose from,” said Peter Marshall, Mozo Experts Choice Awards Judge.

“Our winners list for 2023 revealed the rewards credit cards that we believe provide the best overall value, no matter what rewards you’re after, whether that’s gift cards, travel points or complimentary travel insurance.”

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 Rewards 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 Rewards 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 rewards credit card for me?

When you’re looking for a rewards credit card you’ll want to think carefully about what type of rewards you want to get from your credit card and what you need to spend to earn those rewards. For instance, some rewards credit cards offer gift cards, some gain velocity points for travel and others offer a cashback scheme.

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 provider, how do we promote our win?

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