ANZ Optimum World Mastercard

[Asphodeli]

FRANKly, the Optimum way is to spend with other banks

 

[more3cm]

i'm a bit confused by this example. wouldn't the optimum$ you get be 0.9 instead of zero?

Quite clear from the t&c
"The accumulation of the Optimum$ will be rounded down to the nearest 1 Optimum$ on each Card statement date."

 

[Melsolut]

Given ANZ bank's pattern of bad faith (see what happened with their Travel Visa cashback), it seems a matter of time before they change the 5% cashback without notice.

 

[more3cm]

Given ANZ bank's pattern of bad faith (see what happened with their Travel Visa cashback), it seems a matter of time before they change the 5% cashback without notice.

Just cut lor if that happens

 

[zoossh]

Just cut lor if that happens

problem is u might have already spent $800-900, and have to waste $100-200 on low rebate, otherwise no rebate. there is a penalty if got surprised.

 

[dlrowehtleah]

every card has its down-side. let's compare it with the popular UOB One.

1. don't choose shopping then. there are other categories for your disposal.

2. likewise for UOB One. the first tier is $300 spending for consecutively 3 months. if you spend $400x3, you still get $30 dollars rebate. you think it's fair?

3. having memorize to enroll in a particular rebate category is a pain. i can't agree more. but having to remember min of charging 3x per month for UOB One is equally painful and worst still the latter does not based on calender month!!!

4. same as point #02.

5. see point #02.

this is not to say ANZ Optimum Card is any better than UOB One. every card has its pros/cons. to me, they are equally good/bad. you just have to find a card that suits you.

for kachang puteh spenders that loves to charge $0.30 for a pack of tissue paper to a card, even they allow you to do so. how many $0.30 you need to charge to receive the min O$50 redemption? a life time?

Now, the down-side of this card:

1. category "Shopping" ONLY works for merchants in fashion industry. Pretty different from what we perceive "Shopping" is, huh.

2. The cash rebate is only earned per $10 spent. i.e. if you spend $39.90 in a transaction, only the first $30 counts.

3. The "category" you have chosen does NOT automatically roll-over, i.e. if you forget to submit a new category before the beginning of next quarter, you are screwed.

4. The total Optimum$ you can earn in a month is also rounded down. So if you spend hard and earned 0.9 Optimum$ in that month, sorry, you get nothing.

5. The maximum Optimum$ you can earn in EACH transaction is 30. So if you choose travel and think you can earn all 5% of your $1000 plane ticket to Europe, you are wrong. If you think you can earn all 5% of your new $2000 LV purse, you are wrong again. Capped at $30, end of story.
(if you are going to spend more than $600 in one transaction, ask the sales lady nicely to see if she lets you split the amount and swipe your Optimum card twice. I wonder if this would work)

 

[naro]

every card has its down-side. let's compare it with the popular UOB One.

1. don't choose shopping then. there are other categories for your disposal.

2. likewise for UOB One. the first tier is $300 spending for consecutively 3 months. if you spend $400x3, you still get $30 dollars rebate. you think it's fair?

3. having memorize to enroll in a particular rebate category is a pain. i can't agree more. but having to remember min of charging 3x per month for UOB One is equally painful and worst still the latter does not based on calender month!!!

4. same as point #02.

5. see point #02.

this is not to say ANZ Optimum Card is any better than UOB One. every card has its pros/cons. to me, they are equally good/bad. you just have to find a card that suits you.

for kachang puteh spenders that loves to charge $0.30 for a pack of tissue paper to a card, even they allow you to do so. how many $0.30 you need to charge to receive the min O$50 redemption? a life time?

For no.3 u can call uob to change statement date. I did. Mine is 31st of each mth.

Like wise, u can call ANZ to change statement date. But cant be last day nor 1st day of the month. I changed mine to 2nd day of each mth.

 

[derrickgoh]

2. likewise for UOB One. the first tier is $300 spending for consecutively 3 months. if you spend $400x3, you still get $30 dollars rebate. you think it's fair?

Its not fair. Which is why I make sure I just exceed $300 a little and after that its back to my ANZ Travel card to slowly accumulate cashback at 1%. Likewise any miscellaneous spending e.g. shopping, online, dining I still use the Travel card 'cos I still get 1%. The UOB One card is purely to earn the $30 per quarter by spending just a wee bit more than $300 a month.

 

[sandwicher]

every card has its down-side. let's compare it with the popular UOB One.

2. likewise for UOB One. the first tier is $300 spending for consecutively 3 months. if you spend $400x3, you still get $30 dollars rebate. you think it's fair?

3. having memorize to enroll in a particular rebate category is a pain. i can't agree more. but having to remember min of charging 3x per month for UOB One is equally painful and worst still the latter does not based on calender month!!!

Poor comparison.

If you have a problem charging at least 3 txn for UOB One, you think charging 1-2 txn to Optimum is gonna do you any good? Optimum has a cap for EACH transaction mind you.

While UOB one rounds off the rebates to the nearest tier (accumulative of all individual spendings), Optimum rounds down the rebates for each and every txn. Well, you be the judge.

 

[keniphone]

For those who don't like this card, just cancel it. Thank you very much.

This is my favorite card so far.
Spending $8067, getting back $402.
You care about $10 min spend? LOL

U chose "Shopping" category and use this card for "Dining" and EZLink Top up? LOL

 

[zoossh]

please cancel : )

kiwi bank remembers past applicants very dearly

or past applicant of kiwi bank remember very dearly

i also applied some time ago, but never submit further income info cos too many catches here and there.

main thing is the round down thing. i intend to use for overseas groceries when i overspend my uob cards, but the round down thing will be really a pain.

 

[littleprincey]

2. The cash rebate is only earned per $10 spent. i.e. if you spend $39.90 in a transaction, only the first $30 counts.

From ANZ
Under the 5% Category Tier, Cardmembers will be awarded 0.5 Optimum$ for every S$10.00..................The maximum amount of Optimum$ that may be awarded for a Retail Spend shall be 30 Optimum$.

1 Optimum$ is $20 spent. 30 Optimum$ is $600 spent.

Bro! I nearly cancel my card because of what you said!

 

[Trazora]

To be more precise, under the 5% category tier, it is 0.1 Optimum$ for every S$2.00

 

[Polar Bear King]

To be more precise, under the 5% category tier, it is 0.1 Optimum$ for every S$2.00

isn't spending amount round down to the nearest $10 in all categories?

 

[gravityz3r0]

To be more precise, under the 5% category tier, it is 0.1 Optimum$ for every S$2.00

you are wrong, this is applicable only for 1%. For 5% tier, You get zero optimum$ for anything less than $10 spend.

 

[more3cm]

isn't spending amount round down to the nearest $10 in all categories?

Ya lor very clear in the T&C

3. Under the 1% Core Tier, Cardmembers will be awarded 0.1 Optimum$ for every S$10.00....

4. Under the 5% Category Tier, Cardmembers will be awarded 0.5 Optimum$ for every S$10.00...

 

[Trazora]

Ya lor very clear in the T&C

3. Under the 1% Core Tier, Cardmembers will be awarded 0.1 Optimum$ for every S$10.00....

4. Under the 5% Category Tier, Cardmembers will be awarded 0.5 Optimum$ for every S$10.00...

oops sorry, missed this TnC

 

[adviseandadvices]

I think you guys have missed the whole point of the Optimum card totally.

Nobody should use this card for 1% rebate. You should only use this card for the 5% category.

Hence, your monthly points balance should be ending with a point 0 or point 5 e.g. xxx.0 or xxx.5.

If you keep track, you can ensure that it ends with .0 so you won't lose any points. Even if you are too lazy to keep track, you will lose 0.5 only, which is 50cents.

So the main point of this card is, make full use of it in the 5% category. DO NOT USE IT as a 1% card.

 

[beri stupid idiot]

Oh i see ... how much u spend on it to make it worth. Eg 9.95 hard to beep even a sweet candy is one plus dollar wor

 

[Asphodeli]

Currently I'm padding purchases at supermarkets to nearest $10, lol.

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