Could you save with a credit card that suits your spending habits?

There’s a lot of choice on offer for those who decide to take out a credit card, with varying annual fees, interest rates, rewards, interest-free offers and late payment fees attached to the various cards in the market. It can be hard to sift through all the options, choose wisely and find a suitable credit card for your spending needs – we can help you there.

Twice per year, Canstar’s Research team crunches the numbers on interest rates, fees and a number of other costs and features to reveal which lenders on our database offer outstanding value credit cards to customers.

The 2019 Canstar Credit Card Star Ratings saw the team compare 192 personal unsecured credit cards from 63 lending institutions in Australia, revealing some interesting findings.

For instance, a 5-Star Rated credit card in Canstar’s Low Rate customer profile has an interest rate of 9.78% on average, while the market average for credit cards is 16.41%.

Someone with a 5-Star Rated rewards card would get around $52 in value over a year after factoring in annual fees and other charges assessed in the methodology, assuming an annual spend of $12,000.

This compares with someone with a market average rewards card, who would end up in the negative, spending about $84 more in fees and other charges than they would get back in rewards and extras. So, it pays for those seeking rewards to do their homework.

Whether you’re in the market for a low-rate, low-fee, premium, rewards or frequent flyer credit card, Canstar can reveal a shortlist of credit cards on their database that provide outstanding value for a range of different cardholders.

The recipients of our 2019 Credit Card Star Ratings are listed below.

Outstanding value credit cardsCredit Cards Star Rating

Listed in the tables below are the 5-Star Rated Outstanding Value winners for each type of cardholder considered in this year’s ratings, with lenders listed in alphabetical order.

Outstanding Value – Low Rate Credit Card

To be considered in this profile, cards must be a personal, unsecured credit card, available for a credit limit of $6,000 and have been available in the market for 6 months. Interest rates for products considered in this profile range from 6.64% to 24.99%.

The following credit cards with a low interest rate received a 5-Star Rating in April 2019:

Company Name Provider Name
American Express Low Rate Credit Card
Australian Unity Low Rate Visa
Auswide Bank Low Rate Visa
Bank Australia Low Rate Visa Credit Card
Bank First Visa Platinum Credit Card
Bank of us Visa Credit Card
Community First CU Low Rate Credit Card
Community First CU McGrath Pink Visa
Easy Street Financial Services Easy Low Rate Visa
First Option Bank Low Rate Visa Credit Card
Nexus Mutual Low Rate Platinum Credit Card
Northern Inland Credit Union Low Rate Visa Credit Card
Police Bank Visa Credit Card
SCU Low Rate Visa Credit Card
Teachers Mutual Bank Credit Card
UniBank Visa Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Low Fee Credit Card

To be considered in this profile, cards must be a personal, unsecured credit card and available for a credit limit of $6,000 and have been available in the market for 6 months. Annual fees for products considered in this profile range from no annual fee to $450 per year.

The following credit cards with low fees received a 5-Star Rating in April 2019:

Company Name Provider Name
American Express Low Rate Credit Card
Bank Australia Visa Credit Card
Bank First Visa Classic Credit Card
BankVic Visa Silver
First Option Bank Low Rate Visa Credit Card
Heritage Bank Gold Low Rate
Horizon Credit Union Visa Credit Card
Hume Bank Value Visa
ING Orange One
ME Bank Frank
Northern Inland Credit Union Low Rate Visa Credit Card
QBANK Bluey Visa Credit Card
Qudos Bank Lifestyle
Teachers Mutual Bank Credit Card
UniBank Visa Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Rewards Credit Card – $12,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that provides direct access to merchandise, cash-back, gift cards, lifestyle rewards or food and beverage rewards.

The following credit cards that offer rewards points received a 5-Star Rating in April 2019, based on a customer who spends $12,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Rewards Option
American Express Essentials Credit Card
HSBC Platinum Credit Card
Jetstar Mastercard – Rewards Option
Jetstar Platinum Mastercard – Rewards Option
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Rewards Credit Card – $24,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that provides direct access to merchandise, cash-back, gift cards, lifestyle rewards or food and beverage rewards.

The following credit cards that offer rewards points received a 5-Star Rating in April 2019, based on a customer who spends $24,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Rewards Option
HSBC Platinum Credit Card
Jetstar Mastercard – Rewards Option
Jetstar Platinum Mastercard – Rewards Option
Latitude Financial Services Latitude Infinity Rewards
Summerland Credit Union Rewards Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Rewards Credit Card – $36,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that provides direct access to merchandise, cash-back, gift cards, lifestyle rewards or food and beverage rewards.

The following credit cards that offer rewards points received a 5-Star Rating in April 2019, based on a customer who spends $36,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Rewards Option
Jetstar Mastercard – Rewards Option
Jetstar Platinum Mastercard – Rewards Option
Latitude Financial Services Latitude Infinity Rewards
Summerland Credit Union Rewards Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Rewards Credit Card – $60,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that provides direct access to merchandise, cash-back, gift cards, lifestyle rewards or food and beverage rewards.

The following credit cards that offer rewards points received a 5-Star Rating in April 2019, based on a customer who spends $60,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Rewards Option
American Express David Jones Platinum Card – Rewards
Bankwest More Platinum Mastercard
Jetstar Platinum Mastercard – Rewards Option
Summerland Credit Union Rewards Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Rewards Credit Card – $120,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that provides direct access to merchandise, cash-back, gift cards, lifestyle rewards or food and beverage rewards.

The following credit cards that offer rewards points received a 5-Star Rating in April 2019, based on a customer who spends $120,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Rewards Option
American Express David Jones Platinum Card – Rewards
Bankwest More Platinum Mastercard
Bankwest More World Mastercard
Coles Rewards Mastercard
Jetstar Platinum Mastercard – Rewards Option
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Frequent Flyer Credit Card – $12,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that either allows for earning frequent flyer points or rewards points that can be transferred to one or more frequent flyer programs that collectively offer flights between Sydney and the six destinations considered.

The following credit cards that offer frequent flyer points received a 5-Star Rating in April 2019, based on a customer who spends $12,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Qantas Option
American Express Explorer Credit Card
American Express Platinum Edge Credit Card
American Express Velocity Escape Card
ANZ Rewards Travel Adventures Card
HSBC Platinum Credit Card
HSBC Platinum Qantas Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Frequent Flyer Credit Card – $24,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that either allows for earning frequent flyer points or rewards points that can be transferred to one or more frequent flyer programs that collectively offer flights between Sydney and the six destinations considered.

The following credit cards that offer frequent flyer points received a 5-Star Rating in April 2019, based on a customer who spends $24,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Qantas Option
American Express David Jones Platinum Card – Qantas Option
American Express Explorer Credit Card
American Express Platinum Edge Credit Card
American Express Velocity Platinum Card
ANZ Rewards Travel Adventures Card
HSBC Platinum Qantas Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Frequent Flyer Credit Card – $36,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that either allows for earning frequent flyer points or rewards points that can be transferred to one or more frequent flyer programs that collectively offer flights between Sydney and the six destinations considered.

The following credit cards that offer frequent flyer points received a 5-Star Rating in April 2019, based on a customer who spends $36,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Qantas Option
American Express David Jones Platinum Card – Qantas Option
American Express Explorer Credit Card
American Express Platinum Edge Credit Card
American Express Qantas Ultimate Card
American Express Velocity Platinum Card
HSBC Platinum Qantas Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Frequent Flyer Credit Card – $60,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that either allows for earning frequent flyer points or rewards points that can be transferred to one or more frequent flyer programs that collectively offer flights between Sydney and the six destinations considered.

The following credit cards that offer frequent flyer points received a 5-Star Rating in April 2019, based on a customer who spends $60,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Qantas Option
American Express David Jones Platinum Card – Qantas Option
American Express Explorer Credit Card
American Express Platinum Edge Credit Card
American Express Qantas Ultimate Card
American Express Velocity Platinum Card
Diners Club Australia Personal Dual Card
Virgin Money Velocity High Flyer Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Frequent Flyer Credit Card – $120,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer a rewards program that either allows for earning frequent flyer points or rewards points that can be transferred to one or more frequent flyer programs that collectively offer flights between Sydney and the six destinations considered.

The following credit cards that offer frequent flyer points received a 5-Star Rating in April 2019, based on a customer who spends $120,000 on their credit card a year:

Company Name Provider Name
American Express David Jones Card – Qantas Option
American Express David Jones Platinum Card – Qantas Option
American Express David Jones Platinum Card – Rewards Option
American Express Explorer Credit Card
American Express Qantas Ultimate Card
American Express Velocity Platinum Card
Diners Club Australia Personal Dual Card
Qantas Qantas Premier Platinum
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Premium Credit Card – $24,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer consumers access to benefits beyond the standard offering. To be eligible, cards must offer at least four out of seven of the following features: extended warranty cover, international travel insurance, domestic travel insurance, pricing guarantee scheme, rental vehicle excess cover, rewards, concierge.

The following credit cards that charge an annual fee but offer cardholders a range of exclusive benefits for a customer who spends $24,000 a year, received a 5-Star Rating in April 2019:

Company Name Provider Name
ANZ Rewards Platinum
ANZ Rewards Travel Adventures Card
Bankwest More Platinum Mastercard
Bendigo Bank Platinum Rewards Mastercard
HSBC Platinum Credit Card
Jetstar Platinum Mastercard – Rewards Option
Nexus Mutual Visa Platinum Credit Card
RACQ Bank Platinum Rewards Mastercard
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Premium Credit Card – $60,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer consumers access to benefits beyond the standard offering. To be eligible, cards must offer at least four out of seven of the following features: extended warranty cover, international travel insurance, domestic travel insurance, pricing guarantee scheme, rental vehicle excess cover, rewards, concierge.

The following credit cards that charge an annual fee but offer cardholders a range of exclusive benefits for a customer who spends $60,000 a year, received a 5-Star Rating in April 2019:

Company Name Provider Name
ANZ Rewards Platinum
ANZ Rewards Travel Adventures Card
Bankwest More Platinum Mastercard
Bendigo Bank Platinum Rewards Mastercard
HSBC Platinum Credit Card
Jetstar Platinum Mastercard – Rewards Option
Nexus Mutual Visa Platinum Credit Card
Source: Canstar Credit Card Star Ratings, April 2019.

Outstanding Value – Premium Credit Card – $120,000 Annual Spend

To be considered in this profile, cards must be a personal, unsecured credit or charge card and offer consumers access to benefits beyond the standard offering. To be eligible, cards must offer at least four out of seven of the following features: extended warranty cover, international travel insurance, domestic travel insurance, pricing guarantee scheme, rental vehicle excess cover, rewards, concierge.

The following credit cards that charge an annual fee but offer cardholders a range of exclusive benefits for a customer who spends $120,000 a year, received a 5-Star Rating in April 2019:

Company Name Provider Name
ANZ Rewards Platinum
Bendigo Bank Platinum Rewards Mastercard
BOQ Platinum Rewards Visa
HSBC Platinum Credit Card
Nexus Mutual Visa Platinum Credit Card
RACQ Bank Platinum Rewards Mastercard
Source: Canstar Credit Card Star Ratings, April 2019.

For more information about how Canstar’s 2019 Credit Card Star Ratings are calculated, please view the methodology.

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