Credit card companies offer a huge range of rewards schemes, making it tricky to find one that matches your needs. The Rewards Revealer tool on the Mozo site identifies credit cards which match your needs, based on how much you spend annually on your credit card and the kind of rewards you want.
Mozo’s analysis reinforces a point we’ve made here time and again: It’s really hard to get a lot of value from many rewards schemes. If you spend $14,000 a year on your card (the Australian average), only two cards in Mozo’s list offered more than $100 in value. Perhaps more tellingly, 15 of the cards cost more in annual fees than you could make back in rewards. Given that you’ll probably need a credit card anyway, having rewards schemes can be a useful bonus, but using it as the main reason to choose a card might well prove to be poor logic.