A big congratulations to the credit card winners of Mozo Experts Choice Awards for 2020. It doesn’t matter what you’re looking for in a new card, whether it’s a competitively low interest rate, no annual fee or the latest in security, the Mozo Experts Choice winners list is the ideal way to find a great value credit card.
Now in their seventh year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.
“We analysed over 215 personal and 45 business credit cards from 72 financial institutions for this year’s awards. That’s a pretty daunting number and it just demonstrates how complex the Australian credit card market is,” said Peter Marshall, Mozo Experts Choice Awards Judge.
“Every credit card has different features, interest rates and fees, so it is important when looking for a credit card that you choose one that is going to best meet your spending needs and budget. This is why our credit card awards are split into distinct categories and the winners are different across the categories."
“There just isn’t one single best card on the market for everyone,” he added. “But our 2020 list of award winners should be a good starting point for you to find the best card for you.”
For details on how we crunched the numbers and determined our winners see our 2020 Mozo Experts Choice Awards Credit Card methodology report.
2020 marks the fourth year in a row that American Express has taken out the Credit Card Provider of the Year award. This year, the credit card heavyweight collected eight award wins across both personal and small business cards, in categories ranging from low rate to rewards cards, and everything in between.
Some of the Amex cards to take out awards include: Low Rate Credit Card, Essential Credit Card, Qantas Discovery Card, Qantas Ultimate Card, Explorer Card and Business Explorer Credit Card.
The winners of our Low Rate Credit Card category have some of the lowest purchase interest rates available. The impact of annual fees charged for holding the card and the number of interest free days on offer were also taken into account in this award category.
Low Rate Credit Card
Low Rate Visa
Visa Credit Card
Low Rate Credit Card
Education Community Visa Credit Card
Easy Low Rate Visa Credit Card
Low Rate Visa Credit Card
Low Rate Credit Card
Low Rate Credit Card
Visa Credit Card
The winners listed below prove that you don’t have to pay exorbitant interest rates to take advantage of the extra benefits a platinum card usually brings. The winners for this category were assessed on interest rate and annual fee.
Visa Platinum Credit Card
Vertigo Platinum (unavailable from 20 August 2021)
Vertigo Platinum (unavailable from 20 August 2021)
Breeze Platinum Mastercard
Low Rate Platinum Credit Card
Clear
Visa Platinum Credit Card
Vertigo Platinum (withdrawn from 20 August 2021)
Hate paying fees? This award category is for you. Here are the best value cards with no annual fees. But to make our list of award winners, these credit cards also have good interest free periods and some of the lowest interest rates of the cards eligible for an award. Those who took home the title were...
Low Rate Credit Card
Essential Credit Card
Visa Credit Card
Visa Classic Credit Card
Education Community Visa Credit Card
Credit Card
Credit Card
Value Visa Card
frank Credit Card
Bluey Card
Credit Card
Credit Card
Out of all the cards we assessed only two platinum cards met our criteria of charging no annual fee and offering interest free days. The interest rates on these cards are not as low as the winners in the standard No Annual Fee category, but if you confidently clear your balance every month, this cost disappears.
Zero Platinum Mastercard
28° Global Platinum Mastercard
Balance transfers come in all shapes and sizes and this award category is designed for those whose priority it is to pay down an existing debt. The Mozo judges crunched the numbers to find which cards offer the best value for a regular cardholder, taking into account not only the balance transfer terms, but also the annual fee and what the credit card might cost once the introductory rate expires.
Vertigo
Vertigo
Low Rate First Credit Card
No Annual Fee Mastercard
Low Rate Credit Card
Bluey Card
Lifestyle
Vertigo
Rainbow Vertigo
Much like regular balance transfer cards, there is a range of options to choose from when wanting to pay down your debt. For customers looking to transfer a balance to a Platinum card, these cards came out on top.
Zero Platinum Mastercard
Breeze Platinum Mastercard
Low Rate Platinum Credit Card
Rewards
Platinum Credit Card
Platinum Credit Card
Platinum Qantas Credit Card
Innovative and fresh to the market, NAB’s new StraightUp card blends the convenience of a credit card with the simple price and payment structure of Buy Now Pay Later services. The card can help people manage cash flow for a set monthly cost and no risk of accumulating a large interest bill.
StraightUp Card ($20/month - $3,000 Credit Limit)
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers.
See our methodology report for more detailed information on how we performed product comparisons and determined the final winners for the credit card awards.
We aim to include most credit card providers in the market in the Mozo Experts Choice Awards. However, not every credit card product on the market will be included in our review. Any credit card product we review must be available in the market at the time of our analysis. The Premium categories assessed all ‘platinum’, 'diamond' and 'black' credit cards, while the Standard categories considered all other credit cards. Charge cards were not assessed.
There is a reason why there are so many different categories of Mozo Experts Choice Awards in Credit Cards. When you’re looking for a credit card you’ll want to think carefully about your ability to repay any balance, and the card benefits that you’ll use most or get the best value from.
For instance, low rate cards are generally better value if you carry a balance on your 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 best for you.
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 hub.
The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost three decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.
Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.