ING Credit Cards

ING Australia is a wholly owned subsidiary of ING Group, a Dutch multinational banking and financial services corporation.

ING has no physical bank branches in Australia. Instead, all bank accounts and credit cards are operated via online banking, a mobile app, ATMS, telephone banking and ordinary mail.

ING Australia does not have any bank branches. All its accounts, including credit cards, are managed via online banking or a mobile app, or telephone banking, or mail.

There is, however, an ING Lounge at 60 Margaret Street in Sydney, where you can use ATMs, open accounts and complete ID checks, collect and deposit cheques and meet banking specialists.

Because you can only make card repayments from an eligible ING bank account, using Autopay.

ING have indicated that they may relax this requirement at some stage in the future.

If you deposit at least $1,000 per month (your wages, for example) into your Orange Everyday account, plus make at least five purchase transactions using your credit card, you’ll receive the following benefits:

• Free access to all ATMS, of any bank or brand, worldwide – no charge in Australia, overseas ATM fees refunded within five days
• No foreign transaction fees (usually 2.5%)
• A higher interest rate on your bank account balance

ING currently have a relatively small offering comprised of a card with a low interest rate and no annual fee, and a platinum card with complimentary overseas travel insurance and ongoing cashback rewards.

No. ING credit cards do not currently have this option.

You can earn a 1% cashback on purchases, up to a maximum of $30 per month (i.e. a 1% cashback on the first $3,000 of purchases in any month). Additional cardholder purchases also earn cashback, within the single $30 limit. Cash and cash equivalent transactions (e.g. cash advances, foreign currency purchases, interest charges, card fees, mobile phone top-ups and gambling transactions) do not earn cashback.

You’ll need to be an Australian citizen or resident aged over 18 years. You’ll need proof of income (such as payslips) and details of your living expenses and any other credit card or loan balances. There are also minimum income requirements, which you can check by clicking each card’s ‘Eligibility’ tab under ‘More info’.

Yes. And ING say that Google Pay will also be available in the near future.

ING has an unusually high monthly minimum repayment percentage. Most Australian credit cards require a minimum repayment of 2% or 2.5% of the closing balance, but ING require the greater of $100 or 5% of the closing balance. Here are some examples of ING minimum repayments:

• Closing balance $50 – minimum repayment $50
• Closing balance $190 – minimum repayment $100
• Closing balance $1900 – minimum repayment $100
• Closing balance $2500 – minimum repayment $125