Best ANZ Credit Cards 2017

Get the Best Credit Cards in Singapore

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UPDATE: ANZ Credit Cards are no longer offered in Singapore.

Australia and New Zealand banking Group, commonly known as ANZ in Singapore, provides some of the most unique credit card offerings in Singapore. While the bank is foreign, its credit cards don’t lag behind those of its local peers. It can be very challenging to find a most suitable card to add to your wallet or purse, especially because benefits and rewards that cards provide are not always comparable. ValueChampion team has reviewed and analyzed over 100 credit cards to help you compare different cards and narrow down the list. Below are brief reviews of our two favorite ANZ credit cards. Please read further to assess if either of them might be the card for you.

Our Picks For the Best of ANZ Cards in 2017

Our team at ValueChampion does our best to make objective recommendations for consumers. We have reviewed each card from ANZ in detail below. Since each card has its own unique set of strengths and weaknesses, not every card will be perfect for everyone. Read to learn what makes them special and if they could be an ideal choice for what you need.

ANZ Optimum World MasterCard Credit Card: Best Supplementary Cashback Card

ANZ Optimum World MasterCard Credit Card
ANZ Optimum World MasterCard Credit Card

ANZ Optimum World MasterCard card is an excellent card to use as a complement to other rewards cards that may not offer great rates on everything. This card that lets you choose a category for maximum rebate every quarter. The four options include: dining & leisure, travel, shopping and groceries. For your designated category, ANZ Optimum rewards 5% cashback for 3 months. While every other expenditure will only yield 1% rebate, ANZ Optimum functions well as a supplementary card because it has no minimum spend requirement.

Pros of ANZ Optimum World MasterCard Credit Card

  • 5% cashback on a category of your choosing
  • No cap on cashback
  • No minimum spend requirement
  • Promotion: Up to S$168 of cash rebate for new customers and a free luggage gift worth S$300

Cons of ANZ Optimum World MasterCard Credit Card

  • Relatively high annual fee of S$180, waived 1st year
  • Only 1% cashback for categories outside of your choice

ANZ Travel Visa Signature Card: For Australia or New Zealand

ANZ Travel Visa Signature Card
ANZ Travel Visa Signature Card

ANZ Travel Visa Signature Card is the best card for people who frequently visit Australia and New Zealand. For every dollar you spend either in these countries or on the flight to these countries, ANZ Travel card rewards 2.8 miles. This is one of the highest mile rates for overseas expense offered in the country. ANZ Travel card also offers 2,000 bonus miles for anyone who spends S$500 after getting the card, and another 10,000 bonus miles for renewals every year.

Pros of ANZ Travel Card

  • The highest mile award rate of 2.8 miles per S$1 spent in Australia or New Zealand, or on Qantas Airways and Jetstar Airways
  • 1.4 miles for S$1 spent on everything else
  • Unlimited lounge access around the world
  • Promotion: 2,000 bonus air miles when you spend S$500 on your card, and 10,000 bonus miles when you pay the annual fee to renew
  • Bonus: A free luggage gift worth S$300

Cons of ANZ Travel Card

  • Outstanding benefits are limited to Australia and New Zealand

Summary of Best ANZ Credit Cards

Below is a summary table listing all of the ANZ's best credit card offerings.

Best ANZ CardsSummaryAnnual Fee
ANZ Optimum World MasterCard Credit CardBest Supplementary Credit Card$180.0
ANZ Travel Visa Signature CardBest Miles Card for Australia & New ZealandS$200.0
ANZ Platinum Visa Credit CardA Basic Rewards CardS$160.0
ANZ Switch Platinum CardBalance TransferS$0.0

Similar cards from other banks to consider

Below, we have evaluated pros and cons of each card in relation to its competitors from other banks. We also calculate how much money one can earn or save by using a certain card over a 2-year period. By adding up the cashback, mile awards and promotions that you can earn with each card, we can give you an idea of which ANZ credit card is the best for your circumstances. Do note, however, that your choice depends heavily on your individual spending habits and reward preferences, so you should make sure to read our credit card reviews that we've prepared.

A graph displaying how best ANZ credit cards compare to other cards in Singapore in terms of their rewards
A Graph Comparing 2-Year Dollar Value of ANZ Cards to Cards from Other Banks

ANZ Optimum World vs American Express True Cashback

American Express True Cashback Card
American Express True Cashback Card

American Express True Cashback is a great cashback card that is extremely easy to use. Similar to ANZ Optimum World, it does not have a monthly cap on rebates or monthly minimum spend. However, Amex True Cashback offers 1.5% for all expenditures compared to 1% flat rate offered by ANZ Optimum World. Given this, Amex True Cashback is a more appropriate choice for a basic card to earn cashback on general expenses.

ANZ Optimum World vs UOB One

UOB One Card is, in our opinion, the best flat-rate cashback card in Singapore. For those who can manage their expenses closely, UOB One Card can award up to 5% cashback for a total of S$1,200 per year. That's much better than ANZ Optimum's 5% on only one chosen category. However, UOB One Card does come with a series of monthly spend requirements and cap on cashback, which does not make it an ideal choice as a supplementary card.

ANZ Travel vs Citibank PremierMiles

Citibank PremierMiles Card is an excellent travel card for an average consumer who value bonus miles. If you do not frequently visit Australia or New Zealand, Citibank PremierMiles proves to be of much better value because it awards 2 miles for S$1 spent anywhere overseas and 1.2 miles for S$1 on everything else. While ANZ Travel card still earns you a great flat rate of 1.4 miles on your local spend, it doesn’t make sense to use ANZ Travel card over other travel cards if you travel frequently to countries besides the aforementioned two. Furthermore, Citi PremierMiles has a much more generous welcome offer of 30,000 miles compared to ANZ Travel’s 2,000 bonus miles.

ANZ Travel vs DBS Altitude

DBS Altitude is another card great for average consumer. However, the big difference between this card and previously mentioned Citibank PremierMiles Card is that its fee is relatively easily waived. While ANZ Travel only waives the annual fee for 1 year, DBS Altitude waives the first year’s fee and waives subsequent years' fees for people who spend at least S$25,000 a year on the card. Therefore, if you resent the idea of paying S$200 up front every year to use a card, DBS Altitude presents an excellent alternative without giving up on great mile award rates.

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Duckju Kang

Duckju (DJ) is the founder and CEO of ValueChampion. He covers the financial services industry, consumer finance products, budgeting and investing. He previously worked at hedge funds such as Tiger Asia and Cadian Capital. He graduated from Yale University with a Bachelor of Arts degree in Economics with honors, Magna Cum Laude. His work has been featured on major international media such as CNBC, Bloomberg, CNN, the Straits Times, Today and more.

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