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Finder’s Credit Card Awards methodology

The data and analysis Finder’s experts used to determine the best credit cards for each category of the 2024 Finder Credit Card Awards.

What are the Finder Credit Card Awards?

Finder's Credit Card Awards recognises market-leading credit cards, with a ratings methodology that compares both value and features for 270 cards in our database.

Why you can trust our research

270
cards assessed
100+
hours of research
17
number of data points

Selection criteria

The products were included in the categories if they were currently available for new applications and met the following criteria:

  1. Balance Transfer Credit Card: Has a valid balance transfer revert rate.
  2. Travel Credit Card: Has a valid purchase rate.
  3. Frequent Flyer Credit Card – Qantas: Has a valid purchase rate and accrues points on the Qantas Frequent Flyer program.
  4. Frequent Flyer Credit Card – Velocity: Has a valid purchase rate and accrues points on the Velocity Frequent Flyer program.
  5. Low Rate Credit Card: Has a purchase rate between 0% and 15%.
  6. No Annual Fee Credit Card: Has a valid purchase rate greater than 0% and $0 annual fee.
  7. Rewards Credit Card: Has a valid purchase rate and a valid rewards program.
  8. No Annual Fee Rewards Credit Card: Has a valid rewards purchase rate, $0 annual fee and valid rewards program.
  9. Business Rewards Credit Card: Is a valid business card, has a valid rewards purchase rate and a valid rewards program.
  10. Business Frequent Flyer Credit Card: Is a valid business card, has a valid purchase rate and accrues points through Qantas Frequent Flyer, Qantas Business Rewards or Velocity Frequent Flyer.
  11. Low Interest Business Credit Card: Is a valid business card and has a purchase rate between 0% and 15%.
  12. Business Charge Card: Has no purchase interest rate and the account type is defined as "business".

Scoring

Metrics are scored using either binary scores when dealing with categorical data points or dynamic scoring when dealing with numeric data. Finder's dynamic scoring means a product's metric is scored in comparison to the data points of all the other competitor products.

MetricsScoring
Balance transfer periodDynamic scoring
Balance transfer periodDynamic scoring
Balance transfer feeDynamic scoring
Balance transfer rateDynamic scoring
Annual feeDynamic scoring
Annual fee (first year)Dynamic scoring
Purchase rateDynamic scoring
Interest-free periodDynamic scoring
Overseas currency conversion rateDynamic scoring
Overseas ATM withdrawal feeDynamic scoring
Reward points capDynamic scoring
Reward points valueDynamic scoring
Rewards programBinary scoring
Reward points sign-upDynamic scoring
Lounge passBinary scoring
Travel insuranceBinary scoring
Balance transfer revert rateDynamic scoring
Reward point cost for $100Dynamic scoring

Weights

Final award score

The final award score is calculated by first calculating a score for each of the previous 12 months. This evaluates each product against the competing products in those particular months. This score is calculated by multiplying the score for each metric by the weight percentage and summing the weighted scores:
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The final award score is calculated by taking a weighted average of the monthly scores with more recent months being weighted progressively heavier. This final award score is then ranked to determine the overall winners for each category.

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