Credit Card Ratings

The credit card ratings for each credit card are designed to assist you with choosing a card that suits your spending habits.

There are four spender profiles:

Occasional Spender : spends $5,000 per year and revolves $1,000 for one month
Everyday Spender : spends $24,000 per year and revolves $3000 for one month
Habitual Spender : spends $12,000 per year while revolving $5,000 for one month
Big Spender : spends $60,000 per year and revolves $9,000 for one month

Every six months CANSTAR CANNEX analyse both current and historical data for over 270 Credit Card products from over 70 financial institutions in Australia. In addition, over 100 parts of a product are analysed including product parameters, flexibility, rewards programs, premium card facilities, repayment capabilities and conditions attached to interest charging.

The results are reflected in a consumer-friendly 5-star concept, with 5 for an outstanding Product and 1 being a satisfactory Product.

Only the top 75 percent of the credit cards examined actually receive a star rating between 1 and 5. Rising Stars are those products that would be rated 3-star or higher but have not been in the market for over 6 months.

The table below displays the top credit cards that have received a rating from CANSTAR CANNEX.