ING Orange One credit card review

Enjoy a $0 annual fee, low interest rate and flexible repayment options with the ING Orange One credit card.

This credit card from ING is designed to offer simple and affordable access to credit, with no annual fee, a competitive variable interest rate of 11.99% p.a., and up to 45 days interest-free on purchases. It also gives you the option of setting up payment plans for larger purchases and offers generous rebates when you meet the eligibility requirements.

If platinum-level perks are more your thing, you can opt for the Orange One Platinum credit card to earn 1% cashback on your spending. The Orange One Platinum card attracts an annual fee of $149, comes with complimentary international insurance and is only available to cardholders who are approved for a credit limit of at least $6,000.

Product NameING Orange One
Purchase rate (p.a.) 11.99% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 45 days on purchases
Cash advance rate (p.a.)11.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$1,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$30,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.5% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$36,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$0 p.a.
Minimum Monthly Repayment5% or $100, whichever is greater
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
2.5% of transaction value
Cash Advance Feegreater of $3 or 3% of the cash advance amount
Overseas ATM Withdrawal Fee$2.50
Additional Cardholder Fee$10

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

  • You must hold an Orange Everyday account or request to open one to receive this card.
  • There are several criteria to receive the ATM fee rebate and foreign transaction fee waivers.

Benefits and features of ING Orange One credit card

  • 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 2.5% 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 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.
  • 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.
  • Mobile payments. The Orange One credit card is compatible with Apple Pay allowing you to use your iPhone to make contactless payments at the checkout.
  • ATM fee rebate. While credit cards are not designed to be used for ATM withdrawals, if you do need to make this type of transaction, the $2.50 ATM fee will rebated both in Australia and overseas 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) and make at least 5 eligible purchases using your ING debit or credit card in the previous month. Note that the cash advance fee will still be charged where applicable.

Features of the ING Orange One credit card

  • Interest rate. The Orange One charges a variable rate of 11.99% p.a. on purchases and cash advances.
  • Payment plan interest rate. If you choose to pay off a purchase or purchases using an instalment plan, a variable interest rate of 9.99% p.a. will apply to the balance.
  • 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.

How to apply for the ING Orange One credit card

If you've compared your options and decided this is the card for you, you can apply for the Orange One credit card online in a few minutes. To speed up the process, make sure you meet the eligibility requirements and have all the required information and documents on hand.

Eligibility criteria checklist

  • You must have an active Orange Everyday bank account, or apply for one at the time of credit card account application.
  • You must be at least 18 years of age to apply for this credit card.
  • You must be an Australian citizen, permanent resident, or New Zealand citizen with an Australian residential address.
  • You must have a good credit rating and meet ING's credit lending guidelines to receive approval.
  • You need to earn at least $36,000 p.a.
  • You must have PAYG payslips

Information and documents you’ll need

  • 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). You may also be asked to submit a copy of your ID for ING’s records.
  • Employment information. This includes your current role, salary, and your employer’s name and contact details.
  • 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.

The ING Orange One offers competitive variable rates and fees when compared to other no-frills cards. What sets it apart is the instalment plan feature and the host of fee rebates available when you meet the relatively simple eligibility requirements. This makes it a credit card that’s customisable based on your preferences and needs. As it's not the only low rate card on the market, make sure to compare your options before applying.

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2 Responses

  1. Default Gravatar
    SimonJuly 13, 2017

    I have an orange one credit card. Why can’t I pay BPay bills with the credit card?

    • Default Gravatar
      ArnoldJuly 13, 2017

      Hi,

      Thanks for your inquiry.

      According to INGDirect

      The Biller may not have accepted your payment if:
      1. The payment doesn’t match the bill amount or
      2. The bill isn’t paid by the due date

      Please navigate to this page for more information.

      Hope this information helped.

      Cheers,
      Arnold

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Rates last updated June 20th, 2019
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