2 August 2017

Holiday like a hero with your credit card

Ever considered the perks of using your credit card on your holiday? Credit can be a great travel partner to help you get a bit closer to completing that ever-growing bucket list, but it’s important to use your card responsibly.

Before you get stuck into cocktails on the beach and days full of sightseeing, here’s what you should consider to ensure your post-holiday high translates to your bank statement.

Set yourself spending rules

Before you hit the departure lounge, first think about your ideal budget and mentally set yourself a maximum spend for your credit card. It’s best to avoid spending more with your card than you’re able to pay back, so put in place rules to help you stick to your target amount. For example, you can set aside a certain amount of credit to pay for larger, more expensive items only, such as flights and hotels. Or for smaller items like shopping or food, ING’s Orange One credit card allows you to set daily spend limits, so you receive a notification when you hit them.

Don’t forget to think of the other pre-travel must dos as well.

Make your bankroll work for you

Whether you’re using a mixture of card and cash or even a full outlay on your card, be sure to use your credit card to its full advantage. Credit cards often have benefits like reward points or travel perks. With some platinum cards, including the Orange One Platinum, you can receive complimentary international travel insurance. Just be sure to check your insurance policy before you head off to make sure you’re covered.

Don’t forget with an Orange One credit card you can avoid international ATM fees and ING international transaction fees when you deposit your pay of $1000 each month into your ING Orange Everyday transaction account and make at least five card purchases each month. Find out how this could save you up to $154.54 over the course of your trip. Please note that the Orange One cash advance fee is not rebated under this offer.

Orange One can also let you pay your purchases off over a set time at a lower rate using instalment plans. This can mean locking in a great price on flights ahead of time, and creating some certainty around how it’s paid off. With an Orange One, you can make additional repayments and amend your instalment plan without penalty. As always, it’s important to consider your budget and use your credit card responsibly when you book.

Keep your eyes open to fraud

When you’re abroad, keep your card and PIN secure at all times. If you’re using internet banking overseas, pay attention to the networks that you are connecting to and do your best to ensure the connection is safe. Finally, be sure to communicate with your bank and let them know you’re travelling. You can lodge your trip in the ING app and while you’re there, make sure there is information on how to best contact you when overseas if something should go wrong. It’s also a good idea to read up on some of the most common scams you might encounter on your trip , as they’re getting more inventive each year!

Want to explore more with a credit card? ING’s Orange One may work for you – to find out more about its features, visit here.

Information and interest rates are current as at the date of publication and are subject to change. Limitations and exclusions apply to the establishment of instalments, including minimum purchase values, number and term of instalments. Interest free period available only where entire revolving balance plus monthly instalment amounts are repaid in the previous statement period. All applications are subject to ING’s eligibility and credit assessment criteria. Fees and charges apply. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Before making any decision in relation to our products you should read the relevant Terms and Conditions, Fees and Limits Schedule, Key Facts Sheet, Credit Guide, Cashback Rewards Terms and Conditions and Complimentary Insurance Terms and Conditions available at ing.com.au. To view these documents you may need Adobe Acrobat. Products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292 AFSL 229823, Australian Credit Licence 229823. Rebate Offers for Orange One and Orange One Platinum Customers.  The Global ATM Rebate Offer and the Foreign Currency Conversion Fee Rebate Offer will apply for the next calendar month when you perform the following during the current calendar month: – deposit at least $1,000 from an external bank account to any personal ING account in your name (excluding Living Super and Orange One), and also make at least 5 card purchases using your ING debit or credit card (excluding ATM withdrawals, balance enquiries, cash advances and EFTPOS cash out only transactions). Card purchases includes in store credit or EFTPOS purchases, online purchases, regular card payments, payWave, Apple Pay, and Google Pay transactions made with an Orange Everyday Visa card, Orange One or Orange One Platinum Visa card or Nil Interest Visa card provided with an eligible ING home loan. Card purchases made in store or online this current calendar month which settle next calendar month do not count towards the 5 card purchases needed this current calendar month. When determining if you are eligible under the offer, we also take into account the behaviour of any of your joint account holders or additional cardholders. If eligible: for ATMs in Australia – any ATM fee charged by the ATM operator is rebated immediately following the transaction, for ATMs outside Australia – ING will rebate the International ATM withdrawal fee of $2.50 immediately after it is charged and rebate any ATM fee charged by the ATM operator at settlement of the transaction. While the transaction is pending the amount of the acquirer fee will be deducted from your available balance and will be reinstated after the transaction is finalised. ATM transactions outside Australia can take up to 5 business days to finalise, and  – for ING international transaction fees. ING will rebate the Foreign Currency Conversion Fee of 2.5% of the amount of the international transaction immediately after it is charged. Merchants may charge you a separate fee for their services (which is not rebated under this offer). This offer may be changed or withdrawn at any time at ING’s sole discretion. The ING cash advance fee is not rebated under this offer. Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. The Apple Pay Terms and Conditions for ING customers are available to consider when setting up Apple Pay on your eligible iOS device. Android Pay is a registered trademark of Google Inc. The Google Pay Visa Debit Card Terms and Conditions for ING customers are available to consider in the Google Pay app.

The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.

Related articles

Smart Credit
Loading...
Share
Loading...
XS
SM
MD
LG