Stats crunched by Mozo Experts
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158Rewards Credit Cards
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70Australian Financial Institutions
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11Award Categories
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
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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Essential Credit Card
- Purchase Rate
- 18.99% p.a.
- Annual Fee
- $0.00
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Explorer® Credit Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $395.00
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Platinum Edge Credit Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $195.00
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Qantas Discovery Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $0.00
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Qantas Premium Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $249.00
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Qantas Ultimate Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $450.00
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Velocity Escape Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $0.00
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Velocity Platinum Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $375.00
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Low Rate Credit Card
- Purchase Rate
- 10.99% p.a.
- Annual Fee
- $0.00
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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Ready Credit Card
- Purchase Rate
- 19.99% p.a.
- Annual Fee
- $0.00
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Smart Awards Credit Card
Commbank Awards Program
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $228.00
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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Essential Credit Card
- Purchase Rate
- 18.99% p.a.
- Annual Fee
- $0.00
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Rewards Mastercard
- Purchase Rate
- 19.99% p.a.
- Annual Fee
- $99.00
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Black Card
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $0.00
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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Explorer® Credit Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $395.00
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Platinum Visa Credit Card
- Purchase Rate
- 20.74% p.a.
- Annual Fee
- $129.00
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Premier
- Purchase Rate
- 21.49% p.a.
- Annual Fee
- $300.00
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Ultimate Awards Credit Card
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $420.00
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Smart Awards Credit Card
Commbank Awards Program
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $228.00
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Platinum Credit Card
- Purchase Rate
- 19.99% p.a.
- Annual Fee
- $149.00
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Clear Options Platinum
Suncorp Rewards
- Purchase Rate
- 20.74% p.a.
- Annual Fee
- $129.00
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Platinum Credit Card
- Purchase Rate
- 18.49% p.a.
- Annual Fee
- $129.00
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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Essential Credit Card
- Purchase Rate
- 18.99% p.a.
- Annual Fee
- $0.00
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Rewards Credit Card
- Purchase Rate
- 13.05% p.a.
- Annual Fee
- $89.00
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Clear Visa Card
- Purchase Rate
- 14.95% p.a.
- Annual Fee
- $30.00
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Black Card
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $0.00
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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Explorer® Credit Card
- Purchase Rate
- 23.99% p.a.
- Annual Fee
- $395.00
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Ultimate Awards Credit Card
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $420.00
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Smart Awards Credit Card
Commbank Awards Program
- Purchase Rate
- 20.99% p.a.
- Annual Fee
- $228.00
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Platinum Credit Card
- Purchase Rate
- 19.99% p.a.
- Annual Fee
- $149.00
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Orange One Rewards Platinum Credit Card
- Purchase Rate
- 16.99% p.a.
- Annual Fee
- $149.00
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Platinum Credit Card
- Purchase Rate
- 18.49% p.a.
- Annual Fee
- $129.00
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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Qantas Discovery Card
- Rewards Points
- 0.75 points per dollar on Amex, uncapped
- Annual Fee
- $0.00
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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Qantas Ultimate Card
- Rewards Points
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1.25 points per dollar on Amex, up to 100000 points per year, then
1 point per dollar on Amex, uncapped
- Annual Fee
- $450.00
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Qantas World Mastercard
- Rewards Points
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1 point per dollar on Mastercard, up to $5,000 per month, then
0.5 points per dollar on Mastercard, uncapped
- Annual Fee
- $270.00
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Platinum Qantas Credit Card
- Rewards Points
- 1 point per dollar on Visa, up to $120,000 per year
- Annual Fee
- $299.00
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Platinum Visa Credit Card
- Rewards Points
- 1 point per dollar on Visa, up to 20000 points per month
- Annual Fee
- $299.00
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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Velocity Escape Card
- Rewards Points
- 0.75 points per dollar on Amex, uncapped
- Annual Fee
- $0.00
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Rewards Mastercard
- Rewards Points
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2 points per dollar on Mastercard, up to $3,000 per month, then
1 point per dollar on Mastercard, uncapped
- Annual Fee
- $99.00
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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Velocity Platinum Card
- Rewards Points
- 1.25 points per dollar on Amex, uncapped
- Annual Fee
- $375.00
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Explorer® Credit Card
- Rewards Points
- 2 points per dollar on Amex, uncapped
- Annual Fee
- $395.00
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Virgin Australia Velocity High Flyer Card
- Rewards Points
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1 point per dollar on Visa, up to $8,000 per month, then
0.5 points per dollar on Visa, uncapped
- Annual Fee
- $289.00
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Signature
Velocity Frequent Flyer
- Rewards Points
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1 point per dollar on Visa, up to $10,000 per month, then
0.5 points per dollar on Visa, uncapped
- Annual Fee
- $400.00
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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Platinum
- Rewards Privileges
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Concierge,
Extended,
Warranty,
Purchase,
Protection,
International,
Travel,
Insurance,
Domestic,
Travel,
Insurance
- Annual Fee
- $87.00
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Frequent Flyer Platinum
- Rewards Privileges
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Concierge,
Extended,
Warranty,
Purchase,
Protection,
International,
Travel,
Insurance,
Domestic,
Travel,
Insurance
- Annual Fee
- $240.00
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Rewards Platinum
- Rewards Privileges
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Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
- Annual Fee
- $94.00
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Rewards Black
- Rewards Privileges
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Concierge,
Commission-free,
Travellers,
Cheques,
Extended,
Warranty,
Purchase,
Protection,
International,
Travel,
Insurance,
Domestic,
Travel,
Insurance
- Annual Fee
- $320.00
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Frequent Flyer Black
- Rewards Privileges
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Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
- Annual Fee
- $370.00
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Qantas Rewards Premium Card
- Rewards Privileges
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Concierge,
Extended Warranty,
Purchase Protection,
Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
- Annual Fee
- $250.00
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Low Fee Platinum Card
- Rewards Privileges
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Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
- Annual Fee
- $90.00
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Rewards Platinum Card
- Rewards Privileges
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Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
- Annual Fee
- $195.00
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Qantas Rewards Signature Card
- Rewards Privileges
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Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
- Annual Fee
- $395.00
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Rewards Signature Card
- Rewards Privileges
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Concierge,
Extended Warranty,
Purchase Protection,
International Travel Insurance,
Interstate Flight Inconvenience Insurance,
Rental Vehicle Excess in Australia Insurance
- Annual Fee
- $295.00
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.
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.