Received the mailer as pictured above today. ANZ Retail business taken over by DBS, and that would include the Credit Card business. It can only mean one thing – all ANZ Credit Cards will go.
As the saying goes, all good things come to an end. Also, if it looks too good to be true, it probably is. You could say the 5% cashback without minimum spend and practically without cap was a dream. I am quite sure DBS will clamp down on this money losing business.
For those of us holding the ANZ Optimum card, we could probably continue to enjoy the benefits until June or so. Next best Credit Card? Well i guess, for me it will be UOB Visa Signature for overseas and foreign currency spend, and possibly OCBC 365, which gives cashback for a very wide range of spending categories. Once ANZ is no more, i will probably have to get this card.