Now in their sixth year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians. For the 2019 travel money awards, Mozo’s money experts compared 314 travel money products from 89 financial providers.
There are several categories of travel money awards so that you can find the best option for your travel needs, whether that’s for a 10 day family vacation or a 10 country tour. By starting your search here at Mozo, you can quickly compare your options and know that no matter which option you choose, it’s been approved by our Experts for delivering top value.
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 Australian consumers. Our experts base their decision on hard-nosed calculations of value to the consumer, using Mozo’s extensive product database and research capacity. Providers don’t pay to be in the running and we don’t play favourites.
Our award methodology report is available for you to read which includes criteria for each award category and lists all providers considered for awards.
In carrying out the Mozo Experts Choice Awards in Travel Money, we analysed 314 products issued by 89 Australian providers based on data contained in Mozo’s product database as at 6 March 2019.
To better help consumers narrow down their choice there are several Mozo Experts Choice Awards Categories. Our full methodology report lists out the criteria for each awards category and provides a list of all providers compared for awards consideration.
Mozo has been researching and comparing financial 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 60 years of financial services experience and 29 years in online financial comparison.
Congratulations! Please get in touch with us to discuss the many ways you can promote your Mozo Experts Choice win by emailing or phoning our advertising sales team on 02 9037 4368.
With a prepaid travel card you have the ability to preload foreign currency on to the card. Some cards will allow you to load up to 10 currencies. This card is generally not directly linked to a bank account, but is rather a standalone card. Most debit cards on the other hand are directly linked to your Australian bank account. When you make purchases overseas, the money is converted from the currency of purchase to AUD and then withdrawn from your linked bank account.
Whether you opt for a prepaid card or a travel debit card will generally depend on your travelling needs. If you travel overseas infrequently then a prepaid travel card could be your perfect travel money match as it will allow you to save on overseas ATM and foreign exchange fees. If you travel frequently or will be taking an extended holiday and want more regular access to your funds in Australia, a travel debit card could be a better choice.
Finding the best plastic match for you is going to come down to your travel needs and spending habits. Choosing a low rate card before you board the plane, can help you limit the amount of interest you will have to pay, should you go a little overboard with the spending, and you can’t pay back the balance in full when you get home.
A rewards card has its perks, like frequent flyer miles and concierge services, but only as long as you are going to pay back that balance pronto on your return, because these card generally have the highest credit card interest rates. A rewards card will generally also have a higher annual fee, but if it comes with extras like complimentary travel insurance it could be worth it, especially if you travel overseas more than once a year.