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Our verdict

Save with $0 annual fee, low interest rates and flexible repayment options with the ING Orange One Low Rate credit card.

The ING Orange One Low Rate credit card is one of the few cards on the market that combines $0 annual fee with low interest rates. The instalment plan is also a unique feature and offers a lower interest rate of 9.99% p.a., which is a good option if you have a large purchase that you need to pay off.

If platinum-level perks are more your thing, you can opt for the Orange One Rewards Platinum credit card to earn 1% cashback on your spending. The platinum card is only available to applicants who are approved for a credit limit of at least $6,000.

Pros

$0 annual fee for the life of the card
Low variable interest rate of 11.99% p.a. on purchases and cash advances

Cons

Must hold an Orange Everyday account or request to open one to receive this card
Several criteria to receive the ATM fee rebate and foreign transaction fee waivers

With no annual fee and up to 45 interest-free days, this ING credit card offers simple and affordable access to credit.

It charges no annual fee, a competitive variable interest rate of 11.99% p.a. and up to 45 interest-free days on purchases. You also have the option to use payment plans for larger purchases and save with foreign transaction fee rebates when you meet the eligibility requirements.

Details

Product details

Product Name	ING Orange One Low Rate
Purchase rate p.a.	11.99%
Interest-free period	Up to 45 days on purchases
Cash advance rate p.a.	11.99%
Min credit limit	$1,000
Max credit limit	$30,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$36,000
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0
Minimum monthly repayment	5% of the closing balance or $100, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3%
Cash advance fee	3% or $3, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$10
Number of additional cardholders	3

How to apply

You can apply for the ING Orange One Low Rate credit card online in a few minutes. Before you get started, check if you meet the eligibility criteria and have the required information on hand:

Eligibility criteria

ING account. You must have an active Orange Everyday bank account or apply for one at the time of credit card account application.
Income. You need to earn at least $36,000 p.a.

Credit history. You must have a good credit score and meet ING's credit lending guidelines to receive approval.
Residency. You must be an Australian citizen, permanent resident or New Zealand citizen with an Australian residential address.
Age. You must be at least 18 years of age to apply for this credit card.

Required documents

Personal details. This includes your full name, date of birth, residential address, email address and contact number.
Identification. You'll need to provide your driver's licence number or another valid form of identification (such as your passport or Medicare number).
Employment information. This includes your current role, salary and your employer's name and contact details. You'll need to confirm your annual income with PAYG payslips.
Financial information. You'll be asked to provide details of any other assets you have, such as savings or investments, as well as debts. You'll also need to include estimates of your everyday spending on essentials such as rent, transport, utilities and other household spending.

Card benefits

No annual fee. This card offers an ongoing $0 annual fee.
Currency conversion fee rebate. When you use your card overseas or to make a transaction in a foreign currency online, a foreign transaction fee of 3% will apply. However, you can take advantage of the foreign currency conversion fee rebate when you deposit at least $1,000 from an external bank account to any personal ING account under your name (excluding Living Super and Orange One) and make at least 5 eligible purchases using your ING debit or credit card in the previous month.

Instalment plans. Pay off a large purchase or group of purchases over a time frame of your choosing and save with a lower interest rate with an instalment plan. This means you'll pay a fixed amount off the balance each statement and pay a variable rate of 9.99% p.a. on the instalment plan balance.
Mobile payment. The Orange One Low Rate credit card is compatible with Apple Pay allowing you to use your smartphone to make contactless payments at the checkout.
Australian ATM fee rebate. If you use your credit card to make a withdrawal at an Australian ATM, the ATM fee will be rebated when you meet the conditions. You must deposit at least $1,000 from an external bank account, such as your salary, to any personal ING account under your name (excluding Living Super and Orange One Low Rate) and make at least 5 eligible purchases using your ING debit or credit card in the previous month. Note that the cash advance interest rate and fee will still be charged.

Rates & fees

Interest rate. The Orange One Low Rate card charges a variable rate of 11.99% p.a. on purchases and cash advances.
Interest-free days. Enjoy up to 45 days interest-free on purchases when you pay the "Amount Due" on each statement by the due date listed. The "Amount Due" is your full balance, minus any amount owing under Instalment Plans that is not due and payable for that statement period.

Cash advance fee. A fee worth the greater of $3 or 3% of the cash advance amount will apply when you use your card to withdraw money or for any other cash advance transaction.
Late payment fee. If you don't pay the minimum amount on your statement by the due date, a fee of $20 will be charged to your account.
Additional cardholder fee. An annual fee of $10 applies for any additional cardholders you link to your account.

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ING Orange One Low Rate credit card

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