ING Direct Orange One Platinum Credit Card | Compare, Review & Apply

ING Direct Orange One Platinum Credit Card

Card features
balance transfer
purchase rate
annual fee
ING Direct Orange One Platinum Credit Card
ING Direct Orange One Platinum Credit Card
Earn 1% cashback on your eligible spend, up to $30 a month. (Conditions Apply)
Minimum credit limit of $6,000.
Receive complimentary international travel insurance.
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16.99% p.a.

Pros & cons

What's good?

What's not so good?

Earn 1% cashback on your eligible spend, up to $30 a month. (Conditions Apply)
Minimum credit limit of $6,000.
Receive complimentary international travel insurance.
No foreign transaction fees if you deposit $1,000 a month and make 5+ card purchases each month.
Variable Instalments rate of 9.99% p.a.
No dishonour fee.
Eligible with Apple Pay.
An additional cardholder fee of $10 p.a.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the ING Direct Orange One Platinum Credit CardReviewed by Yvonne Taylor

In line with their catchphrase ‘not like the others’, ING have made a point of creating credit cards with a unique combination of features, setting them apart from the clone-like cards issued by most other card providers. The ING Direct Orange One Platinum Credit Card is one of their distinctive offerings.

It has a low starting interest rate on purchases which can be made truly low by committing to instalments. There’s an opportunity to score a cashback in every month – not just the first three – and a focus on international travel without the clutter of additional insurance policies which may never be used.

Fairly low interest rate gets really low if you pay by instalments

The card offers up to 45 days interest free on purchases. If you clear your account balance at every month end you will never pay any interest. But – unusually, for a platinum card – there’s a fairly low interest rate sitting in the background if you need it.

Most platinum cards have an interest rate on purchases of around 20 percent p.a. or more on purchases, and an even higher rate on cash advances. ING does things differently, with a rate of 16.99 percent p.a. on both purchases and cash advances

But if you do find yourself in a situation where you need extended credit, you can make the interest rate truly low.

Commit to instalments and pay only 9.99 percent p.a. interest

Every purchase in excess of $250 qualifies for being repaid by instalments, at an interest rate of 9.99 percent p.a. instead of the regular 16.99 percent p.a. You can have up to 10 instalment plans active on your card at any one time, starting and finishing at different dates. Choose the repayment term for each plan (anything from three months to seven years), and later change the repayment term or make extra repayments if you wish. The only thing you can’t do is skip a repayment.

Minimum repayment amount is higher than other banks

While most card issuers insist on a minimum repayment of 2 percent of the closing balance each month, with a few asking for 2.5 percent, ING requires you to repay 5 percent. That’s not a bad thing, since it can take years off a long-term debt. Any current instalment plan repayments will be added to the 5 percent repayment for the rest of your balance. For example:

  • Total outstanding balance (including instalment plan balances): $2,135
  • Instalment plan 1 balance: $630 being repaid at $20 per month over three years
  • Instalment plan 2 balance: $265 being repaid at $15 per month over 20 months
  • Minimum monthly repayment is $62 (5 percent of the total balance less instalment balances) + $20 + $15 = $97

You’ll need an Orange Everyday account in order to make repayments

If you want to apply for this credit card, you’ll need to apply for an Orange Everyday bank account at the same time (unless you already have one). That’s because the only way to make card repayments is from an Orange Everyday account. But that doesn’t mean you have to transfer all your banking to ING, and the good news is that there’s no account-keeping fee for the bank account and most transactions are free, plus you can earn interest on any credit balance.

Earn 1 percent cashback every month – a permanent shopping discount

A few credit cards come with a cashback offer in the first few months after card approval, sometimes for meeting a spending target. Once again, ING does things differently. You can earn a 1 percent cashback on every dollar you spend with the card, up to a maximum of $30 cashback per month, permanently: that’s 1 percent of $3,000 monthly spending, if you reach the limit. It may not sound like much, but you could end up with $360 back in your pocket every year.

Avoid foreign transaction fees and ATM fees

The fact that foreign transaction fees (a 3 percent transaction surcharge, or more, on some cards) can be avoided is one of the features that makes this an ideal card for overseas travellers or online shoppers. Just make at least five purchases with the card during a monthly billing period, plus deposit at least $1,000 into your Orange Everyday account once each month, and ING’s normal 2.5 percent foreign transaction fees plus all ATM fees (e.g. if you withdraw cash) will be waived for the whole of the following month.

The ATM fee waiver applies to all of the 30,000 ATMs available in Australia, plus overseas ATMs.

You could meet the $1,000 monthly deposit requirement with a salary deposit. Alternatively, you could set up an automated monthly transfer from your account with your regular bank, followed by an automated transfer in the reverse direction once your monthly card repayment has been taken from your ING account.

Complimentary international travel insurance

This is the second feature that makes this a good card for overseas travellers. Instead of a long list of complimentary insurance policies which most people won’t use, ING have cut to the chase and offer only the most important one – overseas travel insurance.

Cover for the cardholder, their spouse and their dependents, for multiple annual trips of up to 40 days in length, is activated by spending at least $500, using the card, on airfares and overseas accommodation for each person to be covered by the policy. Accompanying children aged two years and under are automatically covered.

Items covered include:

  • Overseas emergency medical expenses
  • Overseas emergency assistance
  • Luggage and valuables
  • Unavoidable travel cancellation and delay
  • Rental vehicle insurance excess waiver
  • Personal liability and accidental death

Rather pricey annual fee

At $149, plus $10 for any supplementary cards, the annual fee might sound a bit high for a card with no rewards points and only one insurance policy. But remember that there is an opportunity to earn up to $360 a year in cashback, plus the overseas travel policy which is worth at least $600 in any year that you use it.

Many other fees are waived

You may never need to pay any fees other than the annual fee. Overseas transaction fees and ATM fees can be waived. Replacement cards, even if it’s an emergency replacement overseas, are free. There’s no over limit fee. Set up auto repayments to avoid the $20 late payment fee. Don’t take cash advances (which are an expensive option anyway, from an interest viewpoint) and you’ll dodge the 3 percent cash advance fee.

Tap & Go with your phone using Apple Pay

If you have an Apple mobile device you can use its Wallet app to pay quickly and conveniently with your device using Apple Pay. Leave your card at home.

Google Pay isn’t available yet, but ING say that they are working on it.

Comparable cards to check before you decide

Actually, there aren’t any truly comparable cards, because ING has created a unique product. But if you want to focus on particular features, you could check out our ‘Low interest’ and ‘Cash back’ credit card listings in our Features section.

Low interest cards include the Westpac Low Rate Credit Card and the ME frank Credit Card. It’s worth checking the cash advance interest rate on any card you compare, since many low interest cards don’t extend the low interest rate to cash advances, only to purchases.

Cashback cards include the ANZ Frequent Flyer Black Credit Card and the Virgin Money Low Rate Credit Card, but both these cashback offers expire after you’ve had the card for a few months.

A unique bundle of benefits for someone unhappy with standard credit card offers

Australian credit card issuers tend to copy each other’s offerings, with just a tweak here and there to interest rates or complimentary benefits. So if you’re looking for something different, you won’t have much choice. But this card is one of the choices.

It will suit you if:

  • You’d rather have a permanent cashback instead of ongoing rewards points
  • You’d rather have just one insurance policy that you’ll actually use instead of paying a higher annual fee for five others that are of no value to you
  • You like the idea of effectively having a revolving personal loan at 9.99 percent p.a. at your disposal, without having to go through an application process each time
  • You hate paying foreign transaction fees
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$10 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 45 days on purchases
Minimum repayment
whichever is greater $100 or 5%

Rates & fees

Ongoing interest rates

Cash advances 1.42% 16.99% p.a.
Purchases 1.42% 16.99% p.a.


Annual fee
$149 p.a.
Cash advance fee
whichever is greater $3 or 3%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $36,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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