How to Apply for Your Orange One Low Rate Credit Card
The Orange One Low Rate credit card has gained significant relevance in today’s financial landscape, especially for Australians looking for a credit card that balances affordability with practicality.
Its primary appeal lies in its low variable interest rate and the absence of an annual fee, making it an attractive option for budget-conscious consumers.
Additionally, the card offers no ING international transaction fees for eligible customers, making it an excellent choice for those who frequently shop online or travel abroad.
Given the importance of finding a credit card that aligns with one’s financial goals, the Orange One Low Rate stands out as a viable option for many.
Whether you are looking to manage everyday expenses more efficiently or seeking a credit card that doesn’t burden you with high fees, this card provides a compelling case.
This article will delve deeper into the history of ING Direct, the specific benefits of this card, and how to apply.
History of ING Direct
ING Direct, part of the global ING Group, has established itself as a prominent player in the Australian banking industry since its inception in 1999. The bank initially entered the market as an online savings bank, a novel concept at the time, and quickly gained popularity due to its high-interest savings accounts and minimal fees.
Over the years, ING Direct expanded its product offerings, including home loans, everyday banking accounts, and credit cards.
The Orange One Low Rate credit card is one of ING Direct’s innovative products, designed to cater to the evolving needs of Australian consumers. ING’s approach has always been customer-centric, focusing on delivering straightforward, transparent, and value-driven financial products.
This commitment to simplicity and value is evident in the design of the Orange One Low Rate credit card, which aims to provide a cost-effective and flexible credit solution for everyday use and major expenses.
Benefits of the Orange One Low Rate Credit Card
The Orange One Low Rate credit card offers several benefits that make it a standout choice for Australians. Here are the key features:
Reward Points and Exclusive Offers
While the Orange One Low Rate card does not offer a traditional rewards program, it compensates with other significant benefits. Eligible customers can take advantage of no ING international transaction fees, which is particularly valuable for those who frequently shop online from international retailers or travel abroad.
Additionally, ING provides various promotional offers throughout the year, further enhancing the card’s value proposition.
Purchase Protection and Extended Warranty
The card offers peace of mind with purchase protection and extended warranty coverage on eligible purchases. This means that when you buy an item with your Orange One Low Rate card, you can be assured that you’re covered for repairs or replacement if the item is damaged or stolen within a specified period.
The extended warranty feature also provides additional coverage beyond the manufacturer’s warranty, adding extra value to your purchases.
Interest-Free Period
Cardholders enjoy up to 45 days of interest-free credit on purchases, provided the full balance is paid off by the due date. This feature allows you to manage your cash flow more effectively and avoid paying interest on everyday purchases.
Loan Options and Instalment Plans
The Orange One Low Rate credit card offers flexible payment options that cater to different financial needs. One of the standout features is the card’s instalment plan option, which allows cardholders to pay off larger purchases over time at a lower interest rate compared to the standard purchase rate.
This feature is particularly useful for managing big-ticket expenses like home appliances, travel, or medical bills.
Flexible Payment Options
Cardholders can convert their purchases into instalment plans, offering a structured way to repay larger amounts without the financial strain of a lump-sum payment.
These instalment plans come with a competitive interest rate, often lower than the standard variable rate on purchases, making it an affordable way to finance significant expenses. The instalment period can be chosen based on the cardholder’s preference, adding to the flexibility of this payment option.
No Annual Fees and Low Interest Rates
The absence of an annual fee is a major selling point for the Orange One Low Rate credit card. This means that cardholders can take advantage of the card’s features without worrying about recurring yearly charges.
Additionally, the card offers a low variable interest rate on purchases and cash advances, making it a cost-effective option for those who need to carry a balance from month to month.
Eligibility for the Orange One Low Rate Credit Card
Before applying for the Orange One Low Rate credit card, it’s important to ensure you meet the eligibility criteria. Here are the basic requirements:
Age and Residency
Applicants must be at least 18 years old and either an Australian citizen, a New Zealand citizen, or an Australian permanent resident. A valid Australian residential address is also required.
Income Requirements
To qualify for the Orange One Low Rate credit card, applicants need to have a minimum annual income of $36,000 before tax. This ensures that potential cardholders have a steady income stream to manage their credit obligations.
Credit Rating
A good credit rating is essential for approval. Applicants should have a solid credit history, demonstrating their ability to manage credit responsibly.
Additionally, applicants must already hold an active Orange Everyday bank account or be prepared to open one as part of the application process.
Other Considerations
Self-employed individuals are currently not eligible for this credit card, reflecting the bank’s preference for applicants with stable, verifiable incomes.
How to Apply
Applying for the Orange One Low Rate credit card is a straightforward process. Here are the steps to follow:
1. Check Your Eligibility
Ensure you meet all the eligibility criteria, including age, residency, income, and credit history.
2. Gather Required Documents
Prepare supporting documents such as PAYG payslips, bank statements, or tax returns to verify your income and identity.
3. Apply Online
Visit the official ING website and complete the online application form. You will need to provide personal details, financial information, and your Orange Everyday account number (or request to open one during the application process).
4. Wait for Approval
ING will review your application and notify you of the outcome. If approved, your card will be sent to you within 5-7 business days.
Following these steps ensures a smooth application process, allowing you to start enjoying the benefits of the Orange One Low Rate credit card promptly.
VISIT THE BANK`S OFFICIAL WEBSITE TO REQUEST YOUR CARDOpinion and Additional Tips
The Orange One Low Rate credit card is a strong contender for those seeking a low-cost credit solution with practical features. The absence of an annual fee combined with low-interest rates makes it an ideal choice for budget-conscious consumers.
However, the lack of a traditional rewards program might be a downside for those who prioritise earning points or cashback.
Pros and Cons
Pros:
- No annual fee
- Low variable interest rate
- No ING international transaction fees for eligible customers
Cons:
- No rewards program
- Not available to self-employed individuals
Environmental Impact
ING Direct has been recognised for its efforts in sustainability and responsible banking.
By choosing the Orange One Low Rate credit card, you are aligning with a bank that prioritises environmental responsibility, although the card itself doesn’t directly offer environmentally focused features.
In summary, this card is best suited for individuals who value low costs and simplicity over perks like rewards programs.
Customer Service
ING Direct offers a range of customer service options for Orange One Low Rate cardholders:
- Phone Support: Call 133 464 for assistance.
- Online Banking: Manage your card and account via ING’s secure online banking platform.
- Messaging: Reach out to ING support through the app or online banking for queries.
- Social Media: ING also offers support via their official social media channels.
- Mobile App: Use the ING app for easy access to your account, payments, and support.
The Orange One Low Rate credit card by ING Direct presents a compelling option for those seeking a straightforward, low-cost credit solution. With no annual fee, low-interest rates, and the ability to avoid international transaction fees, it provides substantial value for everyday use and larger purchases.
However, it may not be the best fit for those who prioritise rewards programs or are self-employed.
Did you like the tip? Discover other credit cards for Australian residents on our website.
