ING Orange One credit card review

Enjoy flexible repayment options, customisable features and no annual fee 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 standard 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 opting-in to a cashback rewards program.

Product NameING Orange One
Purchase rate (p.a.)11.99% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 45 days on purchases
Cash advance rate (p.a.)11.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$30,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Credit Rating RequirementGood
Annual fee$0 p.a.
Minimum Monthly Repayment10% or $100, whichever is greater
Late Payment Fee$20
Cash Advance Feegreater of $3 or 3% of the cash advance amount
Overseas ATM Withdrawal Fee$2.50
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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
Additional Cardholder Fee$10

Pros

  • Pay $0 annual fee for the life of the card.
  • This card comes with a low variable interest rate of 11.99% p.a. on purchases.

Cons

  • Additional cardholders will incur a fee of $10 per year.
  • There is no rewards program linked to this card.

Review of the ING Orange One credit card

This no annual fee, low rate credit card from ING also offers several features that set it apart from other cards. In particular, you have the option of paying off larger purchases in instalments and can choose terms that suit you. For each instalment plan that you choose, a standard variable interest rate of 9.99% p.a. applies to the balance. In comparison, regular purchases and cash advances attract a competitive standard variable rate of 11.99% p.a.

If rewards are more your thing, you can opt in for the Orange One Platinum credit card to earn 1% cashback on your spending, up to $30 per month. This attracts an annual fee of $199, so the maximum value you’ll get out of the program is around $161 per year once the annual program fee has been subtracted from your rewards. The Orange Platinum One card also comes with complimentary international insurance and is only available to cardholders who are approved for a credit limit of at least $6,000.

Benefits and features of ING’s Orange One credit card

  • No annual fee. This card offers no annual fee for life if you choose not to earn cashback for your spending.
  • International ATM fee rebate and currency conversion fee waiver. The ING Orange One credit card charges a standard ATM withdrawal fee of $2.50 and a transaction fee of 2.5% when you use the card overseas or online with a merchant that’s based overseas. However, you can take advantage of the international ATM fee rebate and $0 foreign transaction fee when you meet the eligibility criteria. These offers will apply for the next calendar month 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.
  • 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 standard 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.
  • Cashback rewards. Enjoy 1% cashback on eligible purchases, up to $30 per statement period. This means you can get a maximum of $360 cashback over 12 statement periods. To be eligible, you need to be approved for a credit limit of at least $6,000 and opt-in to pay an annual rewards fee of $199 on activation.
  • 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.

Features of the ING Orange One credit card

  • Annual fee. There is no annual fee for this card as it comes. But if you opt-in to earn cashback, an annual rewards fee of $199 applies.
  • Interest rate. The Orange One offers a standard 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 rate. 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

If you’re an existing ING customer and have been with the bank for at least three months, 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

Are you an eligible ING customer? ING has the following specific member requirements you have to meet before you can apply for this card:

  • You must be an existing ING customer who has been with the bank for at least three months.
  • You must have deposited at least $1,000 a month into any personal ING account in your name (excluding Living Super) within the last three months.
  • You must have an active Orange Everyday bank account.
  • You must be at least 18 years of age to apply for this credit card.
  • You must be an Australian citizen or permanent resident with an Australian residential address.

What if I’m not an ING customer?

If you’re not currently an eligible ING customer, you can register your details for updates on when the card will be available to new customers. Simply click on “Apply now” and select the “New customer” option then follow the prompts to complete the process. ING will then contact you when the card is made available to others.

Information and documents you’ll need

If you meet the requirements above, you can start the application. Make sure you have the following details and supporting documents on hand:

  • 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 standard rates and fees when compared to other no-frills cards. What sets it apart, though, is the instalment plan feature and the option of earning cash-back rewards. 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?

    • Staff
      ArnoldJuly 13, 2017Staff

      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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