ANZ Optimum World Mastercard

[johanyu]

But how low is the rate now? 2%? 1.5?

if I not wrong is around 1.1%

 

[derrickgoh]

if I not wrong is around 1.1%

Still not too bad lah. Sure Amex TCB is 1.5% but not everyone accepts Amex. And there are some others offering higher but must have minimum spend some more its per quarter. All things considered, if its 1.1% I think still worth it lah.

 

[SCG8866T]

This card is not bad what. 5% for groceries. Just signed up, I asked the lady there she said the annual fee is easily waivable.

 

[hogrider88]

This card is not bad what. 5% for groceries. Just signed up, I asked the lady there she said the annual fee is easily waivable.

i would say that too.

 

[SCG8866T]

Thanks. Seems no one can agree on the next best card though for cash rebates.

For me, I use frank 6% for online purchase, mrt and shops that accepts nets flash pay. No one shops at brick and mortar anymore, all shop online cos much cheaper.

Only place that you have to go physically to shop is grocery for the points and travel agency for travel. I will use ANZ Optimium for the 5% rebate for them both.

 

[259850]

Only place that you have to go physically to shop is grocery for the points and travel agency for travel. I will use ANZ Optimium for the 5% rebate for them both.

You have to choose one or the other; can't have both. Remember there is a $600 cap per transaction (stated as a $30 cap on rebate per transaction in T&C). So it may not be so attractive for travel purchases, since these tend to be big-ticket items. As a grocery cash-back card, ANZ Optimum seems fine if you choose that option, though for now Stanchart Singpost card is carrying out that duty for me. I know Singpost card is changing its rebate scheme 1st of July, so I may have to apply for this card before then.

 

[SCG8866T]

You have to choose one or the other; can't have both. Remember there is a $600 cap per transaction (stated as a $30 cap on rebate per transaction in T&C). So it may not be so attractive for travel purchases, since these tend to be big-ticket items. As a grocery cash-back card, ANZ Optimum seems fine if you choose that option, though for now Stanchart Singpost card is carrying out that duty for me. I know Singpost card is changing its rebate scheme 1st of July, so I may have to apply for this card before then.

But there is no monthly rebate cap or min spending for ANZ Opti. SCB Singpost has a monthly rebate cap of $50 and need a minmium spending of 500 lollar...

 

[259850]

But there is no monthly rebate cap or min spending for ANZ Opti. SCB Singpost has a monthly rebate cap of $50 and need a minmium spending of 500 lollar...

I'm aware of that, but for now my spending patterns are in line with those restrictions. All cards have their own peculiarities. For ANZ Opti, the issues are:

(1) Rebates are awarded for each $10 spend. So if you spend $9.99, you get nothing; $19.99, you get $0.50 (2.5%); $99.99, you get $4.50 (4.5%).
(2) You need to accumulate $50 in rebates before you can get it credited to your account.
(3) You need to register your preferred category with ANZ every quarter. If you forget, you get only 1% rebate on all spend during the following quarter.

(1) and (2) are not dealbreakers, just a little annoying. (3) is a bigger issue for a forgetful person like me.

That said, I am seriously considering taking up ANZ Opti when the SCB Singpost changes its rebates on grocery spend on 1 July.

 

[keniphone]

Just got the statement, and redeemed for $400.
Life is so good.

 

[dlrowehtleah]

which category did you choose? Travel?

 

[keniphone]

which category did you choose? Travel?

shopping
90

 

[Polar Bear King]

which category did you choose? Travel?

each txn max $600 for rebate cap $30
i guess he chose grocery...

 

[SCG8866T]

Anz Opti has paypass. Does that mean besides the ntuc link points rebate and the 5% rebate, I will also get additional $1 off for more than $50 spent in ntuc if i pay via pay pass?

 

[Hyphos]

Does this card get points from the tax payment facility like the other ANZ cards?

 

[XiaoBoii]

How do we choose the category at every quarter? Online? Or via phone?

 

[starbugs]

The is good for husband-and-wife tag-team with 2 cards. One spouse to choose grocery and the other to choose travel rebates.

 

[dlrowehtleah]

How do we choose the category at every quarter? Online? Or via phone?

https://sg.anz.com/onlineapp/faces/optimum_rewards/category.jsp

 

[frustrateddude]

How do we choose the category at every quarter? Online? Or via phone?

https://sg.anz.com/onlineapp/faces/optimum_rewards/category.jsp

too late for 2nd quarter liao (last date 25 march)

 

[daxiong88]

missed the deadline to register for 2nd q. alamak.

 

[adviseandadvices]

Keep in drawer from april onwards lor.

Anyway, new to bank card members (those who are entitled to $88), your selection at application is valid for current and next quarters.

9. For New-to-Bank Cardmembers, the Category selected upon application will be valid for the remaining
calendar quarter (based on the date of application approval) and the subsequent calendar quarter. Thereafter,
Cardmembers who do not select a Category on or before the due date for the following calendar quarter,
will only be awarded Optimum$ under the Core Tier in that calendar quarter and each subsequent calendar
quarter until a Category selection is eventually made.

https://sg.anz.com/apps/optimum/ANZ Optimum Rebate Programme Terms and Conditions.pdf