ING Platinum One vs Coles Rewards Mastercard - Rewards Zero International Fee Credit Cards
Last edited 15/08/2019 - 22:41
There is only a handful of rewards credit cards that also have no International Fee.
Just doing some quick maths here based on a $2500 Monthly Spend going through a credit card (pretty average I would imagine?)
Coles Rewards Mastercard Platinum
- $99 Yearly Fee
- 0.87 Velocity Points per $1 Spent
- No International Fee
- Purchase Protection Insurance (up to 90 days)
- Extended Warranty (Up to 1 Year)
$162 overall yearly value going off a $2500 monthly spend.
Velocity Points are valued at around $0.01. So going off a $2500 monthly spend you get $21.75 worth of value.
$21.75 worth of points per month = $261 in value over the year. Subtract the yearly fee you get $162 of value
Orange One Platinum
- $149 Yearly Fee
- 1% Cashback up to $30 per month ($3000 of expenses per month)
- No international Fee's
- Travel Insurance
- Apple Pay Support
$151 overall yearly value going off a $2500 monthly spend
$2500 monthly spend = $25 cashback each month or $300 per year. Subtract the yearly fee you get $151 in value.
While the ING Orange One Platinum is about $10 a year worse off compared to the Coles Rewards Mastercard. When you factor in that ING is instant cash back and not 'funny money' in the way of points which can change value, or have limits imposed on their usage by the airline, it makes it very comparable to the Coles rewards card, if not slightly better with the inclusion of travel insurance and Apple Pay support.
What are peoples thoughts?