ANZ Optimum World Mastercard

[redchallenge]

Every $2 spend under the 5% earn 0.1optimum$. At the end of the statement month rounded down to nearest optimum$.

hey, i was backtracking and found out your reply. i have just checked the T&C, it is /$10

Under the 5% Category Tier, Cardmembers will be awarded 0.5 Optimum$ for every
S$10.00 (or equivalent foreign currency) of Retail Spend in the selected Category
charged to the Cardmember’s relevant Card Account, which is also equivalent to 5% of
the Retail Spend. Spend made in foreign currency will be subject to exchange rate
fluctuations and will be based on the Bank’s conversion rate.

and with regards to the rounding down to nearest optimum$, u are correct

11. The accumulation of the Optimum$ will be rounded down to the nearest 1 Optimum$ on
each Card statement date. There is no limit to the total Optimum$ accumulated and no
limit on the number of transactions that can be made, for each statement cycle.

you may refer to this https://sg.anz.com/apps/optimum/ANZ%20Optimum%20World%20MasterCard%20Credit%20Card%20Terms%20and%20Conditions.pdf

 

[Trazora]

hey, i was backtracking and found out your reply. i have just checked the T&C, it is /$10

Under the 5% Category Tier, Cardmembers will be awarded 0.5 Optimum$ for every
S$10.00 (or equivalent foreign currency) of Retail Spend in the selected Category
charged to the Cardmember’s relevant Card Account, which is also equivalent to 5% of
the Retail Spend. Spend made in foreign currency will be subject to exchange rate
fluctuations and will be based on the Bank’s conversion rate.

and with regards to the rounding down to nearest optimum$, u are correct

11. The accumulation of the Optimum$ will be rounded down to the nearest 1 Optimum$ on
each Card statement date. There is no limit to the total Optimum$ accumulated and no
limit on the number of transactions that can be made, for each statement cycle.

you may refer to this https://sg.anz.com/apps/optimum/ANZ%20Optimum%20World%20MasterCard%20Credit%20Card%20Terms%20and%20Conditions.pdf

Lol. The tnc is just stating that as an illustration. 100% certain 0.1 optimum$ earned for every $2 spent under 5% category.

 

[Henabi]

Yeap. There you go

Remember. Max is 30optimum$ per transaction of $600 sgd (local or overseas spending)

Also... users can only redeem 50 opt$ each time to offset their bills.

So it's pretty troublesome to redeem 750 opt$... need to do 15 times and enter the same details 15 times.

But I guess that's the tradeoff because the user can make unlimited numbers of $600/transaction per month.

 

[redchallenge]

Lol. The tnc is just stating that as an illustration. 100% certain 0.1 optimum$ earned for every $2 spent under 5% category.

i thought T&C is supposed to be the facts? illustration is shown in the website instead. then what about non 5% category? are they /$10?

where do u get that info from though

 

[redchallenge]

Yeap. There you go

Remember. Max is 30optimum$ per transaction of $600 sgd (local or overseas spending)

Also... users can only redeem 50 opt$ each time to offset their bills.

So it's pretty troublesome to redeem 750 opt$... need to do 15 times and enter the same details 15 times.

But I guess that's the tradeoff because the user can make unlimited numbers of $600/transaction per month.

from what i understood of your comment, you meant that each month can only redeem 50opt$? but under T&C its stated as such

2. 1 Optimum$ is equivalent to S$1 cash rebate, unless otherwise stated. Redemption of
cash rebate shall be subject to a minimum of 50 Optimum$ and must be made in
multiples of 50 Optimum$.

wa where u all get all these additional information from that aren't stated in T&Cs, this is confusing

 

[Trazora]

i thought T&C is supposed to be the facts? illustration is shown in the website instead. then what about non 5% category? are they /$10?

where do u get that info from though

From CSO (he say it is illustration and min 0.1 optimum$ awarded per transaction), confirmation with actual transactions from people in forum (so far everyone agrees) and my experience every month (got 0.1 optimum$ for every $2 under 5% category without fail)

 

[Trazora]

from what i understood of your comment, you meant that each month can only redeem 50opt$? but under T&C its stated as such

2. 1 Optimum$ is equivalent to S$1 cash rebate, unless otherwise stated. Redemption of
cash rebate shall be subject to a minimum of 50 Optimum$ and must be made in
multiples of 50 Optimum$.

wa where u all get all these additional information from that aren't stated in T&Cs, this is confusing

Henabi did not say can only redeem $50 each month. Instead meant need to redeem 15 times for $750.

 

[keniphone]

Henabi did not say can only redeem $50 each month. Instead meant need to redeem 15 times for $750.

No need redeem 15 times.
Just need 1 redemption.

 

[Henabi]

No need redeem 15 times.
Just need 1 redemption.

Call in??? That's the only possible way which I know.

Thru website it will be 50 at a time

 

[Trazora]

No need redeem 15 times.
Just need 1 redemption.

Cool, good to know.

 

[redchallenge]

From CSO (he say it is illustration and min 0.1 optimum$ awarded per transaction), confirmation with actual transactions from people in forum (so far everyone agrees) and my experience every month (got 0.1 optimum$ for every $2 under 5% category without fail)

this is quite crappy eh if the T&C doesn't fully describe the details then how do we customers have to find out the actual facts without calling in =\

 

[Trazora]

Call in??? That's the only possible way which I know.

Thru website it will be 50 at a time

Can specify quantity of $50

 

[Trazora]

this is quite crappy eh if the T&C doesn't fully describe the details then how do we customers have to find out the actual facts without calling in =\

Yeah i suggested they make the tnc clearer much earlier but guess they chose not to.

 

[MoDiE]

Yes can enter how many $50 you want, I just redeemed O$200 with only 1 transaction which specify 4x O$50

Posted on my Space Grey iPhone 6 Plus with HardwareZone Forums app

 

[redchallenge]

for redeemed optimum$ it will be auto deducted from ur next month's bill? if there is left over it will be carried over to the bill after next?

 

[maliciousmonster]

Anyone know if the dining and leisure category works in siam tiu and ktv too?

 

[Henabi]

Can specify quantity of $50

oh! they improved it!

 

[Henabi]

for redeemed optimum$ it will be auto deducted from ur next month's bill? if there is left over it will be carried over to the bill after next?

yes. once approved, it will be used to deduct from your next upcoming credit card bill.

 

[more3cm]

oh! they improved it!

I thought since day 1 it has been like that, can choose quantity...

 

[Henabi]

when I signed up for this card last year march?! i don't think i was able to choose the quantity