While we all know that the ANZ Travel Card has died a horrible death and that your accrued Travel$ will be converted into DBS Points, it has come to my attention recently that DBS has in fact provided a really good website detailing the upcoming changes and more importantly, what will happen to your existing points and credit card products.
Most people I know are holding either the ANZ Travel Visa Signature Credit Card or the ANZ Optimum World MasterCard Credit Card which I have personally ditched a year ago. Let's go directly into the ANZ Travel Card first since it offers one of the best earn rates (1.4 miles per dollar) for a general spend credit card. The good news is that the conversions would be done on a per DBS Point basis - this means that you will not have to worry about orphan miles and points if you do not hit a minimum requirement. If you have 99,999 Travel$ sitting in your ANZ account, you will get 49,999 DBS Points after the conversion which you would be able to exchange for 99,998 KrisFlyer Miles or Asia Miles (depending on which program you choose) - the maximum number of miles you could potentially lose from this transition is merely one mile.
All existing ANZ Travel Visa Signature Credit Cardholders will receive the DBS Altitude Visa Signature Card if they do not already have it. One of the perks of holding this card is two complimentary visits into any Priority Pass lounges in the world (find out which credit card in Singapore gives you unlimited airport lounge visits!). Combined with the DBS Woman's World MasterCard, you could have yourself a decent miles-generating combo that will allow you to accrue and redeem for free flights in premium cabins. Your converted Travel$ will also not expire (similar to the DBS Points earned on the DBS Altitude Visa Signature Card) so there is more time to accrue those valuable miles - remember you do get 10,000 renewal miles when you pay for the annual fee each year.
The ANZ Optimum World MasterCard offers up to 5% cashback in selected categories - there is no monthly cap on this amount and in all honestly, it truly is an impressive cashback card. Unfortunately, your Optimum$ will be converted into Daily$ but the good news is that you will no longer need to redeem them in blocks of S$50. I do not personally hold the POSB Everyday Card and do not know about the dynamics behind this card but apparently it allows you to earn up to 14% rebate (capped at S$50 per month) on eligible transactions made on online food delivery websites and systems.
The official transfer date is on 05 August 2017 and the upcoming transition looks good - consumers do not seem to be losing out in any aspect and I am excited to see what this DBS MasterCard Platinum Card is since it is currently not being offered.