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

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ING Orange Everyday - 5% Cashback on "Contactless" Purchases < $100 for 6 Months - New Customers
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T-man on 13/04/2013 - 09:33 ingdirect.com.au (3138 clicks)
Last edited 09/07/2014 - 23:46 by 3 other users

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

Financial Cashback

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closed Comments

  • 512447527 on 13/04/2013 - 09:49
    -8

    What is everyday purchase exactly? Online shopping included? Also, what is contactless purchase? Thank you everyone

    • Commonwealth Pig on 13/04/2013 - 09:52
      +8

      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.

  • Pandabargain on 13/04/2013 - 10:02
    -3

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

    • Victorious on 13/04/2013 - 10:04
      +5

      MasterCard PayPass = Visa PayWave

  • Kamsi on 13/04/2013 - 10:03
    +7

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

    • inasero on 13/04/2013 - 10:07

      Stuffs?

      • GiggidyGoo on 13/04/2013 - 10:13
        +73

        More than one stuff.

    • retiredfeline on 13/04/2013 - 10:24
      +21

      Too many stuffs and your budget is stuffed.

    • Commonwealth Pig on 13/04/2013 - 10:13
      +13

      spendaholics to get on their cards and rack up big credits which they cant repay and then just keep paying interest forever on?

      It's a Visa debit not a credit card.

    • retiredfeline on 13/04/2013 - 10:14
      +1

      They want to build up a customer base.

    • ryang on 13/04/2013 - 10:16
      +2

      They want customers = more money in their bank = more interest on it.

      Same as every other bank, except they aren't fatcat douchebags who want maximum profit no matter the cost. eg. Firing staff in the thousands to save .1% on their bottom line.

    • OzTravis on 13/04/2013 - 10:17

      What are you talking about? If is a debit card (your own money). As for why… It has be stumped too.

    • outlander on 13/04/2013 - 10:23
      +3

      According to them the cost has been 2.4 million up til now. That must be an acceptable cost to them to build a client base.

      • ryang on 13/04/2013 - 10:42
        +3

        It's a fixed 5% cost to them, but only on money that you put in the bank, and even then only on some transactions. So it's a gamble that they'll always win.

        If its cost them $2.4m, they have had over $48m put into their bank… I'm sure interest on all that would be plenty to cover it!

        • dealman on 13/04/2013 - 11:34
          +1
          • all the goodwill of giving customers cash-back.

          and also I'm guessing they must be getting some kickback from visa for promoting their new technology.

        • ilikebargains on 13/04/2013 - 11:35

          yeah but it works with PayPass as well which is Mastercard

        • tanoshiiki on 13/04/2013 - 19:30

          The promotion has certainly encouraged me to put back funds in my ING Orange Everday account. I used to leave it as 0.

      • cashews on 13/04/2013 - 13:42
        +1

        Instead of putting all of that 2.4 million into advertising, they use the 5% cash-back as an incentive and people advertise them via word of mouth.

        • danyool on 14/04/2013 - 10:51

          Yes, but when the promo finshes, how many people will continue? And, how long do people leave their money in there - they must be banking on lots of people leaving lots in, but i've got my doubts!

        • retiredfeline on 14/04/2013 - 10:56

          Most people will leave the account open out of inertia. It costs them little to leave your account open since it's just numbers in a database. And they are constantly sending you inducements to sign up for other products.

        • Commonwealth Pig on 15/04/2013 - 06:49

          And they are constantly sending you inducements to sign up for other products.

          They have sent me numerous reminders to deposit my income into the everyday account as well. Seems they notice if you don't and try to get people to stay on.

        • muncan on 15/04/2013 - 08:39

          Bastards!

        • t25 on 15/04/2013 - 12:02

          write back to them, and say if you can extend the 5% cashback, you will deposit your income.

          if ING wants us to stay on, then ING should be giving us some incentives ;)

    • [Deactivated] on 13/04/2013 - 10:52
      +1

      It's maximum $4.99 per transaction. Probably why they don't want inappropriate use.

      • matthiew on 13/04/2013 - 13:29
        +2

        oops, that negative vote was supposed to be positive but I missed :S sorry

  • Adamiam on 13/04/2013 - 10:13

    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

    • retiredfeline on 13/04/2013 - 10:16
      +8

      Ing have no ATMs so you will get charged.

    • ryang on 13/04/2013 - 10:18
      +4

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

      • ilikebargains on 13/04/2013 - 10:53
        +17

        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.

        • vipulrm on 13/04/2013 - 14:56
          +3

          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 :)

        • Agret on 17/04/2013 - 20:01

          You can also withdraw money at Australia POST

    • OzTravis on 13/04/2013 - 10:19
      +1

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

      • Adamiam on 13/04/2013 - 10:29

        thanks guys!

    • cheaparse on 13/04/2013 - 11:18
      +2

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

  • TheAviator on 13/04/2013 - 10:17
    +4

    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!

    • t25 on 13/04/2013 - 10:19
      +1

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

    • retiredfeline on 13/04/2013 - 10:21

      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.

      • tomclancy on 13/04/2013 - 14:28
        +3

        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

        • dealman on 13/04/2013 - 15:27
          • another thing to consider is you can get extended warranties built in when paying via Credit card.

          not available on this one.

        • vipulrm on 13/04/2013 - 15:50
          +2

          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.

        • emeraldpiggy on 18/04/2013 - 22:40

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

        • syba on 18/04/2013 - 22:47

          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.

        • emeraldpiggy on 18/04/2013 - 23:19

          $100 cash voucher?
          or just gift cards?

          thanks

        • syba on 19/04/2013 - 09:08

          gift voucher….

  • muncan on 13/04/2013 - 10:21

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

    • retiredfeline on 13/04/2013 - 10:28

      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.

      • muncan on 13/04/2013 - 10:41
        +6

        you think they are simpletons?

        Yep!

      • dealman on 13/04/2013 - 11:36

        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.

        • retiredfeline on 13/04/2013 - 11:42

          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.

    • Ahan on 13/04/2013 - 10:35

      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.

      • ilikebargains on 13/04/2013 - 11:48
        +2

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

      • uccoffee on 13/04/2013 - 15:05
        +2

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

      • daver on 13/04/2013 - 20:29

        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.

      • spendinghacker on 14/06/2013 - 09:58

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

    • puffinfresh on 13/04/2013 - 12:17
      +1

      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.

    • mentoo on 13/04/2013 - 13:53

      I quite agree with your viewpoint. :) haha

    • spendinghacker on 14/06/2013 - 09:57

      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!

  • Cluster on 13/04/2013 - 10:47
    +7

    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.

  • CI on 13/04/2013 - 10:48

    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 ?

    • doperst on 13/04/2013 - 10:50

      Yes.

      • CI on 13/04/2013 - 10:53

        Thanks

    • retiredfeline on 13/04/2013 - 10:54

      Plus you need to enter your PIN.

      • vipulrm on 13/04/2013 - 14:50

        Well, not necessarily. You can always choose to sign if you select the Credit account.

  • ilikebargains on 13/04/2013 - 10:54
    +5

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

    • CCDee on 13/04/2013 - 11:03
      +1

      $5600 in paywave transactions? Impressive.

      • ilikebargains on 13/04/2013 - 11:06
        +4

        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.

        • ilikebargains on 13/04/2013 - 11:34
          +3

          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.

        • dealman on 13/04/2013 - 11:39

          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 ?

        • conio on 13/04/2013 - 11:40

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

        • ilikebargains on 13/04/2013 - 11:49

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

        • ilikebargains on 13/04/2013 - 11:52
          +9

          @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.

        • dealman on 13/04/2013 - 12:14

          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 ?

        • retiredfeline on 13/04/2013 - 12:17
          +2

          Paypass and Paywave are interoperable.

        • ilikebargains on 13/04/2013 - 12:47

          ^^ that there

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

        • OzBrogains on 13/04/2013 - 13:59
          +1

          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.

        • tomclancy on 13/04/2013 - 14:33

          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

        • denwol on 13/04/2013 - 15:43

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

        • muncan on 13/04/2013 - 16:00
          +2

          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.

        • OzTravis on 13/04/2013 - 17:29

          +1
          Sorry my fat thumb hit the wrong button!

        • Jake D on 15/04/2013 - 09:39

          I used paywave in Maccas drive thru yesterday.

        • Agret on 17/04/2013 - 20:06
          +1

          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

        • TrendyTim on 18/04/2013 - 12:40

          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.

      • Commonwealth Pig on 13/04/2013 - 11:06
        +5

        Must have a missus that likes stuffs

        • Elijah on 13/04/2013 - 11:31

          666 comments, OMG ur the Devil ! :P

      • [Deactivated] on 13/04/2013 - 13:04
        +2

        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.

        • inasero on 13/04/2013 - 19:19
          +1

          Dude you need to get a life lol

    • T-man on 13/04/2013 - 12:09
      +1

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

  • lgacb08 on 13/04/2013 - 11:09
    +2

    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.

    • retiredfeline on 13/04/2013 - 11:11

      Can your baby provide the required points of identification for the check? :)

    • Derrick Crane on 13/04/2013 - 11:47
      +1

      Yes, as long as the baby passes the credit checks.

  • TightAssDrake on 13/04/2013 - 11:12
    +1

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

  • simprosimple on 13/04/2013 - 11:20

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

    • retiredfeline on 13/04/2013 - 11:24
      +3

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

    • Cluster on 13/04/2013 - 11:26
      +1

      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.

    • derman on 13/04/2013 - 12:44

      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.

      • t25 on 13/04/2013 - 13:42

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

  • Yanoflies on 13/04/2013 - 11:28

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

    • retiredfeline on 13/04/2013 - 11:35

      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?

    • dealman on 13/04/2013 - 11:40
      +1

      Never go to the post, online transfers all the way

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