Stats crunched by Mozo Experts
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360Travel Money Cards
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97Financial Institutions
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8Award Categories
Our expert judges compared travel money providers to help Australian consumers find the best value travel money options including debit card, credit card and prepaid card options. So grab your suitcase and hop on a plane, start your search here to find the best value options with our Travel Money winners list for 2023.
Standout Winners
Prepaid Travel Card
If you’ve saved your hard earned cash to enjoy a holiday, then securing a great value prepaid travel card could be your ticket to avoid overspending and paying expensive overseas exchange fees on your next trip. Our judges considered multi-currency cards available and found the Travelex Money Card to be the stand out winner amongst the group.
Congratulations to:
Travelex
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Money Card
- Purchase Fee
- $0 Online (greater of 1.1% of initial load amount or $15 in-store)
- Currencies Available
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AUD, USD, NZD, EUR, GBP, SGD, HKD, JPY, CAD, THB
Foreign Currency Debit Card
If you are going to be travelling frequently and want to keep money in a bank account that offers multiple currency options, this one’s for you. Our experts considered several foreign currency debit cards and found the Wise Multi Currency Card to be the clear winner for taking with on your journey.
Congratulations to:
Wise
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Multi Currency Card
- Spend abroad in 40 currenciesNo ATM withdrawal fees up to $350 AUD per month$0 account fee
Travel Debit Card
This award category identified the best bank accounts with debit cards that offer great value for Aussies travelling abroad. The bar was set high with our Experts only looking at cards with no monthly account service fees or regular card-holding fees.
Congratulations to:
Bankwest, Great Southern Bank, Macquarie, Suncorp, ubank, and Up
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Carbon Insights Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Options
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Easy Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Edge Account
- Foreign Exchange Margin
- 2.95%
- Debit Card ATM Fee
- $4.50
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Transaction Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Spend Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
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Everyday Account
- Foreign Exchange Margin
- 0%
- Debit Card ATM Fee
- $0.00
Travel Credit Card
Heading abroad and spending go hand in hand, so it’s important to find a great value credit card to take along the way. The winners of the best Travel Credit Cards in this year’s awards offered travellers the best value when it came to things like foreign exchange fees, annual fees and more.
Congratulations to:
Bank First, Bankwest, Bendigo Bank, Coles, HSBC, humm90, Latitude, and Macquarie
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Zero Platinum Mastercard
- Annual Fee
- $0.00
- Foreign Exchange Margin
- 0%
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Breeze Platinum Mastercard
- Annual Fee
- $69.00
- Foreign Exchange Margin
- 0%
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Ready Credit Card
- Annual Fee
- $0.00
- Foreign Exchange Margin
- 0%
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28° Global Platinum Mastercard
- Annual Fee
- $0.00
- Foreign Exchange Margin
- 0%
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Low Rate Credit Card
- Annual Fee
- $99.00
- Foreign Exchange Margin
- 0%
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Platinum Card
Macquarie Rewards
- Annual Fee
- $99.00
- Foreign Exchange Margin
- 0%
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RateSaver Card
- Annual Fee
- $69.00
- Foreign Exchange Margin
- 0%
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Visa Platinum Credit Card
- Annual Fee
- $99.00
- Foreign Exchange Margin
- 0%
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Rewards Mastercard
- Annual Fee
- $99.00
- Foreign Exchange Margin
- 0%
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Platinum Mastercard
- Annual Fee
- $99.00
- Foreign Exchange Margin
- 0%
Platinum Travel Credit Card
For Aussies looking to travel and spend with all the bells and whistles, finding the best platinum travel credit card could mean more benefits while overseas. This year’s winners were a clear stand out for those looking to go platinum.
Congratulations to:
Bank First, Bankwest, Bendigo Bank, Latitude, and Macquarie
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Zero Platinum Mastercard
- Foreign Exchange Margin
- 0%
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Breeze Platinum Mastercard
- Foreign Exchange Margin
- 0%
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Ready Credit Card
- Foreign Exchange Margin
- 0%
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28° Global Platinum Mastercard
- Foreign Exchange Margin
- 0%
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Platinum Card
Macquarie Rewards
- Foreign Exchange Margin
- 0%
- Rewards Program
- Macquarie Rewards
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Visa Platinum Credit Card
- Foreign Exchange Margin
- 0%
Low Rate Travel Credit Card
The winners of the Low Rate Travel Credit Card award offered the lowest interest rates on purchases when using your card overseas.
Congratulations to:
Bank First, Bankwest, HSBC, and Westpac
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Zero Platinum Mastercard
- Interest Rate
- 14.99% p.a.
- Annual Fee
- $0.00
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Breeze Platinum Mastercard
- Interest Rate
- 12.99% p.a.
- Annual Fee
- $69.00
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Low Rate Credit Card
- Interest Rate
- 12.99% p.a.
- Annual Fee
- $99.00
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Visa Platinum Credit Card
- Interest Rate
- 9.59% p.a.
- Annual Fee
- $99.00
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Lite Card
- Interest Rate
- 9.90% p.a.
- Annual Fee
- $108.00
Rewards Travel Credit Card
In this year’s awards, our experts considered various factors when crowning the winners of the rewards travel credit card category such as 0% foreign exchange margin, a rewards program, free travel insurance and unlimited medical cover, among other things.
Congratulations to:
Bankwest, Commonwealth Bank, and Macquarie
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More World Mastercard
- Foreign Exchange Margin
- 0%
- Rewards Program
- Bankwest More Rewards
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Qantas World Mastercard
- Foreign Exchange Margin
- 0%
- Rewards Program
- Qantas Frequent Flyer
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Ultimate Awards Credit Card
- Foreign Exchange Margin
- 0%
- Rewards Program
- Commonwealth Awards
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Platinum Card
Macquarie Rewards
- Foreign Exchange Margin
- 0%
- Rewards Program
- Macquarie Rewards
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Black Card
Macquarie Rewards
- Foreign Exchange Margin
- 0%
- Rewards Program
- Macquarie Rewards
Travel Credit Card Provider of the Year
With the best performing products across all Credit Card categories, Bankwest outshone its competitors to take this year’s top crown. Securing wins in five different categories this year, Bankwest are a cut above the rest and a great consideration for great value spending when travelling overseas.
Congratulations to:
Bankwest
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Breeze Platinum Mastercard
- Foreign Exchange Margin
- 0%
- Annual Fee
- $69.00
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More World Mastercard
- Foreign Exchange Margin
- 0%
- Annual Fee
- $270.00
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Qantas World Mastercard
- Foreign Exchange Margin
- 0%
- Annual Fee
- $270.00
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Zero Platinum Mastercard
- Foreign Exchange Margin
- 0%
- Annual Fee
- $0.00
What are the Mozo Experts Choice Awards?
Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to highlight products in the market we believe offer great value to Australians.
For the 2023 Travel Money awards, our Experts assessed 97 travel money providers.
“Whether you choose to use a bank account, credit card or prepaid travel card, or a combination of all three when travelling abroad, finding the right provider for your needs can be hard with the varied pricing and features available,” said Mozo Experts Choice Awards Judge Peter Marshall.
“The Mozo team has done detailed research to identify the options that will be cost-effective for most people, and highlight those we think are worth considering so you can make sure that you are spending less on bank fees and have more money in your pocket for you to spend.”
For details on how we crunched the numbers and determined our winners, see the 2023 Mozo Experts Choice Australia’s Travel Money Awards 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.
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 Travel Money methodology report for detailed information on how we performed product comparisons and determined the final winners for 2022.
Did you compare all providers in the market for these awards?
We aim to include most banking providers in the market in the Mozo Experts Choice Awards. However, not all travel money providers in the market will be included in our review. Any provider we review must be available at the time of our analysis and any offers included must be available to the general public on the provider’s website.
In carrying out the Mozo Experts Choice Awards in Travel Money for 2022, we analysed providers across the following product types:
- 6 Prepaid Travel Cards
- 6 Foreign Currency Debit Cards
- 96 Debit Cards from 79 providers
- 144 Credit Cards from 69 providers
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.