In the realm of Australian personal finance, the ING Orange One Low Rate Card stands out as a budget-friendly credit option designed to simplify your financial management. This credit card offers competitive interest rates and no annual fees, catering to Australians seeking a cost-effective alternative to traditional credit cards. With its versatile features, the ING Orange One Low Rate Card provides a practical solution for those looking to optimize their spending and make the most of their credit card experience.
Key Takeaways
- The ING Orange One Low Rate Card boasts a purchase rate of 11.99% p.a. and a cash advance rate of 11.99% p.a.
- Customers can enjoy 45 interest-free days on purchases, helping to manage their finances effectively.
- The card has no annual fee, making it a budget-friendly choice for Australians.
- Competitive features include a low late payment fee of $30.00 and a cash advance fee of 3% with a minimum of $3.00.
- The card offers a foreign exchange margin of 3.00%, providing a cost-effective option for international transactions.
What is the ING Orange One Low Rate Card?
The ING Orange One Low Rate Card is a credit card designed to offer Australians a low-cost option for their personal finance needs. With a variable interest rate on purchases and cash advances set to change to 12.99% p.a. from 1st November 2024, this card provides a competitive and affordable solution for those seeking to manage their expenses effectively.
Key Features of the ING Orange One Low Rate Card
- Low variable interest rate on purchases and cash advances, currently at 11.99% p.a.
- Flexible instalment plans at a lower 9.99% p.a. variable interest rate
- No annual fees, saving cardholders $149 compared to other credit cards
- Up to 45 days interest-free on new purchases if the balance is paid off in full each statement period
- 100% rebate on ING international transaction fees and ATM withdrawal fees, provided that the cardholder deposits $1,000 monthly into their ING bank account and makes 5 or more card purchases per month
- Complimentary Platinum card upgrade for cardholders with a credit limit of $6,000 or more, including benefits like international travel insurance
The ING Orange One Low Rate Card offers a range of features designed to provide Australians with a cost-effective credit solution that can help them better manage their personal finances.
ING Orange One Low Rate Card
Eligibility Criteria and Application Process
Applying for the ING Orange One Low Rate Card is a straightforward process. To be eligible, you must meet a few key criteria. First, you must be aged 18 or older and have a valid form of identification, such as a driver’s license, passport, or Medicare card. Additionally, you must earn at least $36,000 per year (before tax) and be an Australian citizen, New Zealand, or Australian permanent resident.
Maintaining an active ING Orange Everyday bank account, or requesting to open one as part of your credit card application, is also a requirement. Finally, you’ll need to have a good credit rating and meet ING’s credit lending guidelines.
The application process can be completed entirely online, making it convenient and hassle-free. Once your application is approved, you’ll receive your new ING Orange One Low Rate Card within 5-7 business days.
| Feature | Details |
|---|---|
| Purchase rate | 11.99% p.a. variable |
| Cash advance rate | 11.99% p.a. variable |
| Interest-free days on purchases | 45 days |
| Late payment fee | $30.00 |
| Cash advance fee | 3%, Min $3.00 |
| Foreign exchange margin | 3.00% |
| Additional card fee | $10.00 |
| Minimum repayment amount | $100.00 |
| Minimum repayment percent | 5.0% |
The ING Orange One Low Rate Card offers a range of features and benefits that make it a competitive option for personal finance management. With its low purchase and cash advance rates, as well as a variety of other perks, this card is worth considering for those who meet the eligibility criteria.
Advantages of the ING Orange One Low Rate Card
The ING Orange One Low Rate Card offers a range of advantages for personal finance management. One of the key benefits is the low variable interest rate on purchases and cash advances, starting at just 11.99% p.a. This is significantly lower than the 16.99% p.a. variable interest rate on the ING Orange One Rewards Platinum card, making the Low Rate option a more cost-effective choice for those who value minimizing interest charges.
Additional Benefits and Perks
In addition to the low interest rate, the ING Orange One Low Rate Card comes with no annual fees, providing further savings for cardholders. The card also offers up to 45 days of interest-free on purchases, allowing customers to take advantage of a grace period before incurring interest charges.
What type of Credit Card do you want?
For those who need more flexibility, the card’s instalment plans feature a lower variable interest rate of 9.99% p.a., making it easier to pay off larger purchases over time.
- 100% rebate of ING international transaction fees when you deposit at least $1,000 a month into your Orange Everyday and make 5+ card purchases each month
- 100% rebate of ING international ATM withdrawal fees when you meet the same eligibility criteria
- 100% rebate of Australian ATM fees when you meet the same eligibility criteria
These additional perks, such as the rebates on international transaction fees and ATM withdrawal fees, further enhance the value proposition of the ING Orange One Low Rate Card for personal finance management.
Conclusion
The ING Orange One Low Rate Card offers Australians a budget-friendly credit solution that prioritizes affordability and financial flexibility. With its low interest rates, absence of annual fees, and valuable features like ATM fee rebates and no international transaction charges, this card is designed to simplify your personal finances and provide a cost-effective way to manage your spending.
Whether you’re looking to consolidate debt, make everyday purchases, or take advantage of the instalment plan option, the ING Orange One Low Rate Card is a versatile credit card that caters to the needs of budget-conscious consumers. By combining competitive rates, practical benefits, and a focus on minimizing fees, this card empowers Australians to take control of their financial well-being and make informed decisions about their credit management.
Ultimately, the ING Orange One Low Rate Card stands out as a low-cost credit option that can help streamline your personal finance journey, making it a compelling choice for those seeking a budget-friendly and user-friendly credit solution.
