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.
The products were included in the categories if they were currently available for new applications and met the following criteria:
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.
| Metrics | Scoring |
|---|---|
| Balance transfer period | Dynamic scoring |
| Balance transfer period | Dynamic scoring |
| Balance transfer fee | Dynamic scoring |
| Balance transfer rate | Dynamic scoring |
| Annual fee | Dynamic scoring |
| Annual fee (first year) | Dynamic scoring |
| Purchase rate | Dynamic scoring |
| Interest-free period | Dynamic scoring |
| Overseas currency conversion rate | Dynamic scoring |
| Overseas ATM withdrawal fee | Dynamic scoring |
| Reward points cap | Dynamic scoring |
| Reward points value | Dynamic scoring |
| Rewards program | Binary scoring |
| Reward points sign-up | Dynamic scoring |
| Lounge pass | Binary scoring |
| Travel insurance | Binary scoring |
| Balance transfer revert rate | Dynamic scoring |
| Reward point cost for $100 | Dynamic scoring |
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:
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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