3 ms·
The fee for the ANZ Cashback card is around $200, so you need to spend around $20k/annum to break even.
by timClicks 8y ago
The fee for the ANZ Cashback card is around $200, so you need to spend around $20k/annum to break even.
- Nition 8y agoIt's $60 with a cashback cap of $300/yr (i.e. only the first $30,000 spend is counted), or $125 for unlimited cash back. Still not great, but it's only $6000 spend to break even on the lower-tier card. Buying groceries each week will be close to covering it. ---- Edit: Oops, it's more complicated as it's not always 1% cash back: <$5000: 0% cash back. <$10,000: 0.5% cash back. $10,000+: 1% cash back. It's not a marginal rate like taxes, so break even point is at exactly $10,000 when your payout jumps from $50 to $100. https://www.anz.co.nz/personal/credit-cards/cashback-visa/ https://www.anz.co.nz/personal/credit-cards/cashback-visa/