ING Orange One Rewards Platinum 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.

The ING Orange One Rewards Platinum Card

Platinum cards can be pretty exciting, offering fancy features and platinum perks that make shopping with a credit card that bit more fun. However, after comparing platinum card options, you’ll no doubt notice that they come in all shapes and sizes, with some offering no more than the basics, and others offering so many perks you’ll feel like royalty. However, not many of these credit cards offer cashback at all

On the simpler end of the scale is the ING Orange One Rewards Platinum Card. While it won’t knock your socks off with the features it has to offer, it also won’t knock you down with the annual fee it charges. As a fairly basic platinum offering, this a card with a few nice perks, a relatively low purchase rate, and a very affordable annual fee.

What we love...

Rated Australia’s most recommended bank in a 2017 Nielsen poll, ING claims to have reinvented the way Australians bank, by delivering simple, straightforward and good value products. In essence, this is what it has done with the ING Orange One Rewards Platinum Card. This straightforward option may not be the most exciting platinum card on the block, but it still has plenty to offer.

First up, its cashback feature. The ING Orange One Rewards Platinum Card allows cardholders to earn 1% cashback on eligible purchases made using the card, up to $30 per month. Basically working to give you money back on your card spend, this feature could save you up to $360 per year.

Next up, insurance. If you are approved for a credit limit of $6,000 or more, you will receive complimentary international travel insurance that covers the cardholder, their spouse and their dependants when travelling overseas. The card must be used to pay for the overseas travel fare and accommodation, charging at least $500 of the total cost of each person’s fare. Other conditions apply, so be sure to read the PDS in full.

Last up, money-saving. Unlike plenty of other platinum cards, the ING Orange One Rewards Platinum Card offers a relatively low interest rate on purchases. And, as an added bonus, cardholders can manage large purchases with a monthly installment feature, choosing their pre-set terms on a much lower rate of interest.

It’s also worthwhile looking into ING’s International ATM fee rebate, as well as its foreign currency conversion fee waiver if you want to save some money. You can find out more about this in the card’s small print.

What’s not so great...

If you are looking for wall-to-wall features, this is not the card for you. There are plenty of other platinum cards that offer more in the way of features that may be better suited to your needs, but you should be willing to pay for them. However, if you understand that this is a basic platinum card with a relatively low purchase rate and annual fee, you should have very little to complain about.

Does this card earn Qantas Points?<.h4> This card doesn't allow a direct earn of Qantas Points. Instead, you'll get that 1% cashback (capped at $30 p/m).

Why should you choose this card?

While this card is certainly not bursting with extras, that doesn’t mean there aren’t a few features on the ING Orange One Rewards Platinum Card that you may find useful. Mobile payments using Apple Pay, and Google Pay can make purchases more streamlined, while automatic repayments make paying off your card at the end of the month that much easier.

Notifications make it easier to keep track of your spending, ensuring you don’t go over your budget, while up to 45 days interest free on purchases can help you save on interest when you clear your balance at the end of each statement period.

Overall Rating

A simple platinum card offering cashback and travel insurance, a relatively low purchase rate and annual fee, and the ability to manage big purchases on a low interest monthly installment plan.