ANZ Bank or the Australia and New Zealand Bank is one among the largest banking groups in the entire Asia – Pacific region. ANZ Bank is a result of the merger between Bank of Australasia and the Union Bank of Australia on October 1st, 1951. The stellar performance of the bank is reflected in its rankings in both, Australia as well as New Zealand. ANZ Bank is the largest bank in New Zealand and among the top three banks in Australia. The bank caters to the financial needs of individuals and businesses alike. The bank has also continued to expand in emerging economies that include Vietnam, China, India and Indonesia. The international presence on ANZ Bank was established with its operations on the Solomon Islands. In India, it is among the top private sector banks.
ANZ offers an exclusive cashback credit cards that will earn you cash rewards with every purchase you make on popular categories. The following are ANZ bank’s cashback credit cards –
You will be rewarded with a SGD 100 cash rebate when you apply for a new ANZ Optimum World MasterCard Credit Card.
Cash Rebate Earning Potential using the ANZ Optimum World MasterCard Credit Card
You can choose a category of preference from the available options wherein the purchases made related to the chosen category will earn you 5% cash rebate and all other categories will earn you 1% cash rebate. There is no cap to how much cash rebate you can earn.
Find below the available categories to choose from –
You can choose your preferred category every calendar quarter to maximize your cash rebate earning potential.
Illustration of how you can earn cash rebates on your ANZ Optimum World MasterCard Credit Card
Example – You have chosen a preferred category of Dining and Leisure -
Cash Rebates earned on Dining and Leisure category
|Dining and Leisure Categories||Cash Rebate Percentage||Your Cash Rebate Earned|
|Company Lunch – SGD 700||5%||SGD 30|
|Family Dinner in Bali – SGD 430||5%||SGD 21.50|
|Popcorn at the movies – SGD 7||5%||SGD 0.30|
Cash Rebates earned on other categories
|Other Categories||Cash Rebate Percentage||Your Cash Rebate Earned|
|Groceries – SGD 200||1%||SGD 2|
|Purchase of a magazine at Convenience Store – SGD 7||1%||SGD 0|
|Designer Bag – SGD 5000||1%||SGD 30|
Note – For every transaction, the Optimum$ that you will earn will be rounded off to the nearest 0.1 Optimum$. Each 0.1 Optimum$ is equivalent to SGD 0.10 cash rebate, up to a maximum of SGD 30 cash rebate.
Eligible applicants must meet the following criteria in order to apply for this ANZ credit card -
Yes. Certain transactions made on your ANZ Optimum World MasterCard Credit Card are not eligible to earn cash rebates. These transactions include cash advance, finance charges, loans on your card, balance transfer charges, late payment charges interest-free installment payment plan, other unauthorized charges which the bank may add to or remove from the list of eligible charges from time to time as per its discretion.
No. You will earn Optimum$ on each eligible transaction which you will have to accumulate and then redeem it for cash rebates in denominations of SGD 50. You can also use your Optimum$ for waiving your annual fees.
You can redeem the cash rebates you have earned on your ANZ Optimum World MasterCard Credit Card either for cash or for an annual fee waiver on your principal / supplementary card. You can redeem the Optimum$ you have earned for SGD 50 cash rebate when you at least have 50 Optimum$ in your account. You can also redeem 180 Optimum$ for an annual fee waiver on your principal credit card that is worth SGD 180 OR 90 Optimum$ for an annual fee waiver on your supplementary card.
You can use the cash rebates you have earned to offset any future retail purchases on your ANZ Optimum World MasterCard Credit Card. However, your earned cash rebates cannot be used for transactions including Flexi plan, cash advance, funds transfer, Installment Payment Plan (IPP), interest charges or any other fees and charges.
Yes. Each Optimum$ earned expires after 3 years from when you received it post which you cannot use them for redemption.