Finder Credit Card Awards 2022

The Finder Credit Card Awards 2022 celebrate Australia's best credit cards. Using 12 months' worth of data, Finder's experts have analysed the rates, fees and offer details for every personal credit card in our database – that's over 200 cards. Check out the winners for best credit cards below.

Best Balance Transfer Credit Card

ANZ Low Rate Credit Card

The ANZ Low Rate Credit Card offered a long 0% balance transfer period of up to 30 months throughout the year. It also offered a $0 annual fee in the first year and a low $58 annual fee after that – plus a purchase rate of 12.49% p.a.

Finalists

• Bankwest Breeze Classic Mastercard
• Community First Low Rate Credit Card

How we chose the best balance transfer credit card

Best Card for Travellers

Bankwest Breeze Platinum Mastercard

The Bankwest Breeze Platinum Mastercard offers 0% foreign transaction fees when shopping internationally - both overseas and online. It also offers complimentary international travel insurance, a low interest rate for purchases and no annual fee in the first year.

Finalists

• Commonwealth Bank Low Fee Gold Credit Card
• Latitude 28° Global Platinum Mastercard

How we chose the best credit card for travellers

Best Frequent Flyer Credit Card - Qantas

ANZ Frequent Flyer Black

The ANZ Frequent Flyer Black had big bonus Qantas Points and cashback offers throughout the year, with ongoing perks including Qantas Club Lounge Passes and complimentary travel insurance. It also earns 1 Qantas Point per $1, with a relatively high spending cap of $7,500 per statement period, plus an extra point per $1 for eligible spending with the airline.

Finalists

• Qantas American Express Ultimate Card
• Qantas Premier Platinum

How we chose the best Qantas frequent flyer credit card

Best Frequent Flyer Credit Card - Velocity

American Express Velocity Platinum Card

The American Express Velocity Platinum Card has the highest Velocity Points earn rate in Australia at 1.25 points per $1 spent. It also offers bonus Velocity Points, a complimentary annual domestic flight, airport lounge passes and complimentary insurance.

Finalists

• Virgin Australia Velocity High Flyer Card
• Westpac Altitude Black - Velocity

How we chose the best Velocity frequent flyer credit card

Best Low Rate Credit Card

American Express Low Rate Credit Card

The American Express Low Rate Credit Card offers a very low purchase interest rate of 8.99% p.a. It also set itself apart with an ongoing $0 annual fee.

Finalists

• Illawarra Credit Union Low Rate Credit Card
• Community First Low Rate Credit Card

How we chose the best low rate credit card

Best No Annual Fee Credit Card

American Express Low Rate Credit Card

The American Express Low Rate Credit Card offers the rare combination of an ongoing $0 annual fee and a competitively low rate of 8.99% p.a. on purchases. It also offers up to 4 free additional cardholders.

Finalists

• Heritage Bank Gold Low Rate Credit Card
• Hume Value Visa

How we chose the best no annual fee credit card

Best Rewards Credit Card

Coles Rewards Mastercard

The Coles Rewards Mastercard offers a high earn rate 2 points per $1 spent for the first $3,000 in a statement period and 1 point per $1 after that. Its $99 annual fee is very competitive among rewards cards – and it's also had bonus point offers throughout the year.

Finalists

• ANZ Rewards Platinum
• Bankwest More World Mastercard

How we chose the best rewards credit card

🧪 Methodology: How we chose our Finder Award Winners

Our team of expert analysts use an objective rating system to determine our award winners.

• We include all of the personal credit cards in our database - which contains every credit card we can find online
• We compare each card's credentials with all other cards which are live in the market each month, and combine those scores over the full 12 months to calculate a final score.
• We exclude any credit cards that are only available to a certain subset of customers based on bank patronage or location

• Best Balance Transfer Credit Card – Methodology

  Selection Criteria

  • Cards must offer 0% p.a. balance transfer
  • Cards must not require loans or specific amounts of savings as eligibility criteria

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 20%
  • Purchase interest rate 2.5%
  • Revert rate 2.5%
  • Balance transfer period 55%
  • Balance transfer fee 20%

• Best Card for Travellers – Methodology

  Selection Criteria

  • Cards must not require loans or specific amounts of savings as eligibility criteria

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 15%
  • Domestic purchase interest rate 10%
  • Overseas Medical Insurance 15%
  • Max international transaction fee 50%
  • International ATM fee 10%

• Best Frequent Flyer Card - Qantas – Methodology

  Selection Criteria

  • Must directly earn frequent flyer points with Qantas
  • Not business card
  • Card must not require loans or specific amounts of savings as eligibility criteria.
  • Annual fee below $500

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 25%
  • Purchase interest rate 2.5%
  • Soft points cap 5%
  • Signup and minimum spend bonus points 25%
  • Max international transaction fee 5%
  • Basic earn rate (points per dollar) 27.5%
  • Lounge passes 10%

• Best Frequent Flyer Card - Velocity – Methodology

  Selection Criteria

  • Must directly earn frequent flyer points with Velocity
  • Not business card
  • Card must not require loans or specific amounts of savings as eligibility criteria.
  • Annual fee below $500.

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 25%
  • Purchase interest rate 2.5%
  • Soft points cap 5%
  • Signup and minimum spend bonus points 25%
  • Max international transaction fee 5%
  • Basic earn rate (points per dollar) 27.5%
  • Lounge passes 10%

• Best Low Rate Credit Card – Methodology

  Selection Criteria

  • The interest rate must be 15% or under
  • Temporary low rates not included
  • Cards must not require loans or specific amounts of savings as eligibility criteria
  • Monthly fee, no interest cards excluded

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 20%
  • Purchase interest rate 70%
  • Interest free days 10%

• Best No Annual Fee Credit Card – Methodology

  Selection Criteria

  • Cards must charge no annual fee
  • Cards offering no fee for a limited period will not be included
  • Cards must not require loans or specific amounts of savings as eligibility criteria
  • Monthly fee, no interest cards excluded

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Purchase interest rate 80%
  • Interest free days 10%
  • Rewards program 10%

• Best Rewards Credit Card – Methodology

  Selection Criteria

  • The card must award a rewards program but NOT direct Qantas or Virgin points
  • Card must not require loans or specific amounts of savings as eligibility criteria
  • Rewards gift cards must be usable in multiple retail outlets
  • Card must offer gift card choice - points earned at the standard rate on general purchases must be exchangeable for gift cards in more than one retailer at the same rate

  Presumptions

  • Tiebreakers are ranked by the lowest interest rate

  Weighting

  • Annual fee 25%
  • Purchase interest rate 5%
  • Points cap 5%
  • Signup and minimum spend bonus points 20%
  • Max international transaction fee 5%
  • Spend required for $100 voucher 40%