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ING Orange Everyday - 5% Cashback on "Contactless" Purchases < $100 for 6 Months - New Customers

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Unlike the previous deal: http://www.ozbargain.com.au/node/81169

This promotion is giving all new Orange Everyday customers 5% cash back on every contactless purchase under $100 for 6 months from account opening.

It seems a good deal for those who missed last promotion and wanted to enjoy 5% Cashback on contactless purchase.

Terms and conditions:

The Wave & Save 5% new customer rebate ("Wave & Save 6 Month Rebate") is available for a limited time only from 1 April 2013 for six months from account opening ("Rebate Period") for new ING DIRECT Orange Everyday customers (including joint account holders) ("Eligible Customers"). The Wave & Save 5% rebate offer ("Wave & Save 30th June Rebate") was available from 1 October 2012 to 30 June 2013 ("Offer Period') to all existing Orange Everyday customers (including joint account holders) who requested to update to a Visa payWave card during the Offer Period ("Eligible Customers"). The Wave & Save 6 Month Rebate and Wave & Save 30th June Rebate (together, "Wave & Save Rebates") apply to all contactless purchases made by Eligible Customers during the Offer Period or Rebate Period (as applicable) on purchase amounts of up to and including AUD $99.99. The Wave & Save Rebates will be made into the Orange Everyday account immediately after transaction settlement. The Wave & Save Rebates are intended to be used for everyday purchases only. Should you use the Wave & Save Rebates in a manner that is not satisfactory or in line with the intent of the offer, we may place a stop or freeze on your account or remove the account from the rebate.

Find out more at: http://www.ingdirect.com.au/everyday/orangeeveryday.htm

mod - amended title to say "contactless purchases" rather than "every purchase"
I also tried adding in that it's new customers only

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closed Comments

    • +8 votes

      What is everyday purchase exactly?

      I would assume they are attempting to exclude business purchases and splitting payment into multiple payWave transactions. Although many OzBargainers have split payments and got the rebate without issues.

      Online shopping included?

      The rebate is only for payWave transactions so no online shopping.

      Also, what is contactless purchase?

      There is a picture on the website of what a contactless payment looks like.

  • -3 votes

    What is paywave? Kind of like debit master card touch and go ro what?

  • +7 votes

    My missus is using it now and the bad thing about this she can't stop buying stuffs :(

  •  

    Is there any catch to having an ING Orange Everyday account? It seems like there are no account keeping fees, but I might be missing something.

    Also, what ATMs can you withdraw less than $200 from and not be charged?

    Thanks

    • +8 votes

      Ing have no ATMs so you will get charged.

    • +4 votes

      The catch is that they have no ATMs, so you incur a withdrawal fee everywhere if you don't take over $200 out.

      • +17 votes

        no you won't, just use Coles or Woolies like i do every time i want cash out, it's free, and more convenient most of the time.

        • +3 votes

          And instead of using an ATM, if you cash out more than 200, they give to 50c. That way they avoid the Interchange Fees they need to pay the ATM provider and their customers get rewarded. Win Win. It is really heartening to know that there is at least one sensible bank out there :)

        •  

          You can also withdraw money at Australia POST

    • +1 vote

      No ATMs are free unless $200 or over. You can use self service or cash out tho.

    • +2 votes

      If u have a home loan with them and withdraw less than $200, the fees charged by ATM will be refunded to you instantly.

  • +4 votes

    I'm interested in this offer but don't really want to sign up for another transaction account, even if it is free. Hard enough keeping track of all my accounts as is!

    • +1 vote

      then make this ING account a disposable account. that is what i intend to do once my 5% cashback expires.

    •  

      Even though you can save 5%? I estimate I will save $50-100 over the promotion period. What's there to keep track of? It's all online. Maybe just your PIN for ATM withdrawals.

      • +3 votes

        I won't be saving 5%. I get up to 55 days interest-free on my normal Visa card (a saving of 0.9% off my home loan interest), plus my Visa card has a good rewards system which is approx another 1.25%.

        So overall I would save about 2.85% over the system I'm currently using. And it seems a lot of hassle to constantly transfer cash into my new ING account and trap funds there to save 2.85%

        I think the 5% off is a great deal for some, but for others only an average deal

        •  
          • another thing to consider is you can get extended warranties built in when paying via Credit card.

          not available on this one.

        • +2 votes

          Just want to point out that extra money kept in your home loan earns a per annum interest rate. Which means that, if your home loan's interest rate is 6%, you will need to keep the extra money throughout the year to get the 6%.

          On the other hand, the 5% you earn via ING cashback is instantaneous and not tied to how long the money was kept in your account. So, if you transfer money from your home loan to the ING account on a weekly basis, you only loose interest for that 1 week (which is approx 0.115% for a 6% home loan) but earn 5% cashback.

          So, even if you have a home loan, it still makes better financial sense to use the ING 5% cashback. However, this does involve some discipline in transferring money into the ING account and estimating how much spending money you will need in it. I think the benefits warrant the effort. You could even make it all simple and set up a recurring weekly transfer from your home loan to ING for 'x' amount to keep it worry free.

        •  

          hi apate
          may I ask which bank credit card gives you 1.25% reward ?
          thanks

        •  

          I get 1.71% reward on my credit card (Westpac Black Amex). 17,500 points gets a $100 voucher - 3 points per $1 spent, so takes a spend of $5,833 to get $100. Think the annual fee is a lot though if you don't get it free on a package.

        •  

          $100 cash voucher?
          or just gift cards?

          thanks

        •  

          gift voucher….

  •  

    New customers include former existing customers, right? They do? Super! Closing existing account… haha

    •  

      Ha you think they are simpletons? There are such things as databases that never forget your ID especially as you did the verification when you opened the account the first time.

      • +6 votes

        you think they are simpletons?

        Yep!

      •  

        There are such things as databases that never forget your ID

        I agree but there are enough dills in banks that bypass all sorts of systems, I'd think muncan has a good chance of re opening an account with them with this benefit.

        •  

          One thing I noticed is that their IT system changed my address to the one on the electoral rolls, to standardise it. So they probably have some automated checks. It's all done by software now, don't imagine some clerks in a back room poring over applications.

    •  

      Here is what I am goanna do: both I and my wife have individual account with ING. when existing cash back offer ends on 30 June 2013, I plan to open an joint account. That account will be brand new and I suspect we should probably be eligible for this new offer and have extra six months of cashback . Please correct me if I am wrong or point out if there is something I overlooked.

      • +2 votes

        read the T&C again. "for new ING DIRECT Orange Everyday customers (including joint account holders)"

      • +2 votes

        open a join account and tell us if it works or not… hmm
        i want another 6 months 5% off!

      •  

        I suppose it could depend on whether they class all as a
        historically_New customers, or just as a _New customers.
        Subtle difference there.

        But if they operate anything like telcos, by a churn model, they may look for 'net add(ition)s', and so such offer may be good to go. Terminate, & re-register.

      •  

        Please keep us posted on whether it works out for you or not.

    • +1 vote

      It worked for me. I used to have an ING Savings Maximiser and two Orange Everyday accounts (I signed up for the everyday accounts because they had a $25 or $50 bonus or something). I closed the everyday accounts years ago, and they sent me a letter a few months ago saying they were going to close my Savings Maximiser because I hadn't used it in a while and it had a $0 balance. I signed up for this deal a few days ago, and it all went through fine. My card in on its way, and soon I'll be enjoying 5% cashback for 6 months.

    •  

      I quite agree with your viewpoint. :) haha

    •  

      Would love to know if that works out for you.

      Keep us posted here if you don't mind. You might get away with that but there is only one way to know for sure: TEST IT!

  • +7 votes

    The 5% cash back offer is great. Been using it since October 2012. I get about $50 back every month spending money where I would usually spend it, but waving rather than inserting the card. I will really miss it come June 30 as I'll know I'm paying 5% too much for almost everything.

  •  

    If a place does not have a wave and go eftpos, they just have a normal one where you swipe or insert, then the 5% is not going to work ? Is this correct ?

  • +5 votes

    since signing up late last year i've saved nearly $280 in paywave rebates. It's well worth the try.

    • +1 vote

      $5600 in paywave transactions? Impressive.

      • +4 votes

        well, yeah. I do 30,000KM a year and fill at shell as they have paywave, all shopping i do at coles and woolies is paid for with paywave, JB HIFI purchases, paywave, Bunnings, paywave, Target, Big W, Kmart, our local pizza store has it, and so on. It doesn't take long to add up. Been using it since October.

        • +3 votes

          also mcdonalds has it, (not drive thru thought) and chemist warehouse, and a few other places i can't remember. One thing to keep in mind is paywave doesn't work if you ask to get cash out, you'll need to swipe it or chip it. So paywave first, then get cash out of the self serve at coles or go to the info booth to get it out.

        •  

          Man you really like your bargains.

          Now to get this 280 was there anything that you overspent on ? Or bought from a different store just to get the 5 % ?

          Overall has it cost you anything more than what you would have otherwise spent on a normal card ?

        •  

          I've found a couple of mcdonalds drive thru's which accept the paywave

        •  

          yeah, problem is most of the time the operator has nfi what they're doing "it doesn't workkkkk" etc.

        • +9 votes

          @dealman not in the slightest. I use 8c off dockets for shell, then pay with paywave, shop at coles most of the time anyway but only ever buy things that are on special, then pay paywave. If they're not on special there, i go to woolies, and do the same thing. Chemist items are bought at chemist warehouse, and are mostly essentials, there aren't any places cheaper than them consistently that i've found. JB isn't essentials, but it's stuff i would have bought somewhere else anyway, and i bargain the price down to at least match the cheapest elsewhere first. Bunnings, essentials, Kmart and Target, mostly clothes and essentials.

          i have not spent a cent more than i would have already, as i'm already a professional tightarse. This just made being one more rewarding.

        •  

          Thanks for the clarification ,

          I was hesitant thinking it will prompt me to spend more money or invariably shop at more upmarket stores.

          But just noticed even the cafe at work has paywave :-)

          Do all paywave systems work or do they have to be any specific type ?

        • +2 votes

          Paypass and Paywave are interoperable.

        •  

          ^^ that there

          some machines have bad readers and on the odd occasion you'll be forced to swipe, but not often.

        • +1 vote

          Do what I plan on doing and buying a truckload of Coles/Coles Express gift cards before the pay-wave rebate promo finishes. Yes they expire in 24 months but as you say, the discounts add up.

          If your spending is relatively constant you can even extrapolate how much you'll expect to spend at Coles/Woolies and buy that amount.

        •  

          You can already get 5% off Coles and woolworths gift cards - google it there are plenty of clubs that offer it. I have the entertainment book for mine, but I remember seeing a club that cost $25 per year which had the same 5% off cards offer

        •  

          Ive been known to buy milk and bread from woolies rather than aldi for the 5% off

        • +2 votes

          Paypass and Paywave are interoperable.

          I concur. In the early days I'd swipe my wallet trying to be clever, only to have purchases end up on my 28 Degrees card by mistake.

        •  

          +1
          Sorry my fat thumb hit the wrong button!

        •  

          I used paywave in Maccas drive thru yesterday.

        • +1 vote

          also mcdonalds has it, (not drive thru thought)

          It does in Melbourne, I handed my friends card in and asked to pay it through paypass

        •  

          Thats my experience, I found that you have to explicitly tell them to use paywave or they will just use the chip and pin method.

      • +5 votes

        Must have a missus that likes stuffs

      • +2 votes

        I just counted it up and I've got over $600 in Wave and Save rebates. I didn't realise how much I Have been spending :| I even pay the 2% credit card surcharge at MSY so I can use PayWave (not all MSYs have PayWave. Except one time I paid the 2% and did a paywave and had to sign for it because I forgot that it had to be under $100. I paid a $5.20 Surcharge for nothing. That was a bad day) I literally avoid places that don't have Paywave as much as possible, and I don't know how I'm going to cope when the promotion is over.

    • +1 vote

      For me, i've saved almost $289 since last year, just got the statement.

  • +2 votes

    can my 3 month old baby open an account? me and my wife already had account :( We would transfer her government bonus and tax benefits and will make good use of it, as good parents do.

  • +1 vote

    you can withdrawl from any mcdonalds with any purchase, (30c cone)

  •  

    do post office hv paywave? i should pay my uni $33xx fees in 33+ under $100 transactions

    • +3 votes

      If the people in the Auspost queue don't murder you. :)

    • +1 vote

      If you pay for purchases at the post office you can use PayWave and get 5% off. I have also brought in Origin gas bills to pay (under $100) and PayWave was not available every time even though the terminal supported it.

    •  

      I read somewhere that you could use paywave up to around three times simultaneously (dependent on the card) and then it blocks you out for a while (perhaps to prevent fraud?). Not sure on the specifics though but something to look out for.

      •  

        i used my paywave over four transactions ($300) buying medicines for relatives and no issues.

  •  

    Is the only way to deposit into it through a direct deposit and AusPost ($2.50 fee)?

    •  

      Well they have no physical branches so any means that require attendance are done at Auspost. Usual electronic transfers work. What other means did you have in mind?

    • +1 vote

      Never go to the post, online transfers all the way

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