Compare the low rates and instalment plans that come with ING's first credit card.
While ING is known for its home loan and saving accounts offers, the provider has also recently entered the credit card market. The ING Orange One credit card is available to existing ING customers, although it will be launched to the broader public later this year.
So, while this card isn't available for application for all Australians just yet, you can read on to discover how the ING Orange One credit card will work below.
Types of ING credit cards
ING currently offers two credit cards: the Orange One credit card and the Orange One Platinum credit card. The Orange One credit card is a low rate and low fee product designed to suit cardholders who want to keep their card costs low. The Orange One Platinum credit card is a higher tier product that offers competitive purchase, a foreign transaction fee rebate, complimentary insurance at the cost of a higher annual fee. You can compare both of the offers in further detail below:
Orange One credit card
The ING Orange One credit card is a no annual fee card that can help you cut costs on standard credit card rates. The card has a low purchase and cash advance rate of 11.99% p.a., but also offers a 9.99% p.a. instalment plan for large purchases. Plus, if you pay your balance in full before the end of the statement period, you can also take advantage of up to 45 interest-free days on purchases.
Designed to suit digital natives, the card also comes equipped with Apple Pay functionality for tap and go purchases with your Apple device. ING has also confirmed that the card will be compatible with Google Pay in the future.
Orange One Platinum credit card
ING also offers a platinum version of the Orange One credit card. To receive an Orange One Platinum, you'll need to be approved for a credit limit of at least $6,000. The Platinum version of the card offers complimentary travel insurance and a cashback offer of 1% on your spend (up to $30 a month).
Benefits of an ING credit card
- No annual fee. If you opt for the Orange One credit card, you won't have to pay an annual fee for the life of the card.
- Low ongoing interest rates. Both of the ING credit cards boast relatively competitive low ongoing interest rates on both purchases and cash advances.
- Digital wallets. You can use your Orange One credit card to make contactless payments with your Apple device or Android device thanks to Apple Pay and Google Pay respectively.
- Cashback. Cardholders can enjoy 1% cashback (up to $30 a month) on their spend per statement period. However, you need to opt for an approved minimum credit limit of $6,000 and agree to pay an annual rewards fee of $199 on activation to take advantage of this offer.
- Instalment plans. If you need to make a big ticket purchase, you can take advantage of an instalment plan with the Orange One Platinum card to pay off a specific purchase with a lower ongoing purchase rate.
- Visa exclusives. As a Visa cardholder, you’ll also enjoy benefits such as Visa Entertainment, which offers access to exclusive perks including competitions, presale concert ticket access, entertainment discounts and more.
- Security. You can shop with peace of mind thanks to Visa security measures such as Shop Safe Online, Verified by Visa and Security Sense.
When can I apply for an ING credit card?
You can apply for either the ING Orange One or ING Orange One Platinum credit card online. However, you'll need to meet eligibility requirements (including income, residential and credit score criteria) to receive approval. You can check out the individual reviews of these cards for the specific information regarding the eligibility requirements and the documents you'll need to provide to apply.
Pictures: ING and Shutterstock
If i transfer money to a credit Cardi, how long does it take for it to be visible and ready to be used?
Hi Jeff,
Thanks for your inquiry.
With credit card balance transfer, usually it will take 10-15 minutes to complete the application. If you’re approved, it can take between 5 to 10 business days for the balance to move to your new account.
Please note that you’re transferring the debt from your old card to your new BT credit card, so depending on how much is the remaining credit limit in your account after the transfer, that’s the amount you can use for your purchases or CA. Please refer to this page to learn more about balance transfer.
Cheers,
May