ING Orange One Low Rate Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.

Who suits the ING Orange Low Rate card?

First Timer: you’re looking for a fairly simple card with a few little perks to get you started. You’d like it to have a low annual fee and a low interest rate.	Rainy Day Prepper: you want something low-cost to keep in your pocket. Even better if it has a few interest-free perks when you do have to use it.	Carefree Splurger: budgets are a bummer, and you might need help with getting on top of debt. Low interest rates and low fees would be great.

Overall Rating

The ING Orange Low Rate card lives up to the ING creed: simple, straightforward and good value (but ironically, not orange - it's a grey card). I give ING a nod for this one because this card does offer great value for those looking for cards with low fees, and has a few little extras up its sleeve. Eligible amounts can be repaid using instalment plans with terms from 3 months to 7 years.

ING charges no international transaction fee on overseas or online purchases. Customers approved for a credit limit of $6,000 or more receive the Orange One Low Rate Platinum card, with access to complimentary international travel insurance subject to eligibility, terms, conditions and exclusions. The standard annual fee is $48.

You need to hold an active Orange Everyday account, or request to open one as part of your credit card application. Existing Orange Everyday customers do not need to open another account.

Editors Review: what I love about the ING Orange One Low Rate Credit Card

I've already given you the birds-eye view of this card and I think it's pretty easy to see what this card is for: it's a simple, cheap way to access a line of credit when you need it. It doesn't cost the earth in interest and the costs stay low as you stay away from fees and interest charges.

I'll run through its features first, then we'll look at any not-so-pretty parts.

Everywhere you look, this card finds a way to save costs. You'll get up to 45 days interest-free on purchases when the entire revolving balance plus monthly instalment amounts are repaid in the previous statement period. You won't even pay a dishonour fee or an over-limit fee. It's a pretty neat card all round, if you're looking for something cheap to keep and save on some fees.

What’s not so great...

The ING Orange One Low Rate credit card does a great job of being a low-cost card, but it won't dazzle you with rewards and big features. The savings on foreign fees and the upgrade to Platinum is good if you're eligible, but otherwise this is a card suited for people who want access to credit and don't want to pay a fortune on interest charges and annual fees.

To apply, you must hold an active Orange Everyday account or request to open one with your Orange One application. ING does not require a $1,000 monthly deposit or five monthly purchases to receive the credit card’s $0 international transaction and ATM withdrawal fees. ATM operator charges, cash advance fees and interest may still apply.

One final but very important note is that this card isn't currently available to self-employed people.

Who suits this card?

The minimum credit limit is $1,000, which could suit a first-time cardholder or someone who wants a card for emergencies. Low Rate Classic limits run from $1,000 to $5,999. Approved limits of $6,000 to $30,000 receive the Low Rate Platinum card. The standard annual fee for either variant is $48.

The ING Orange One Low Rate card combines a $48 standard annual fee, a low variable interest rate and $0 ING international transaction fees. Complimentary international travel insurance is available with the Low Rate Platinum variant for approved limits of $6,000 or more, subject to eligibility and policy conditions.