Credit card companies provide a large range of benefits schemes, making it tricky to find one that matches your requirements. The Rewards Revealer tool on the Mozo website identifies credit cards which match your needs, based on how a lot you spend annually in your credit card and the kind of rewards you would like.
Mozo’s analysis reinforces a point we’ve made here time and again: It is really hard to get lots of value from numerous rewards schemes. Should you invest $14,000 a year on your card (the Australian average), only two cards in Mozo’s list offered more than $100 in worth. Perhaps more tellingly, 15 of the cards price more in annual fees than you could make back in rewards. Given that you’ll most likely require a credit card anyway, having rewards schemes could be a useful bonus, but utilizing it as the primary reason to choose a card may well prove to be poor logic.
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