What is the APR for the ING Direct Electric Orange overdraft line of credit use?
Craig asks: ING Electric Orange MasterCard: What is the APR for the credit card use?
Hi Craig: Electric Orange from ING Direct is a free online checking account with a debit MasterCard that also features an overdraft line of credit for approved customers. So it’s not technically a credit card, but it sure can be used like one.
According to ING Direct’s Website, the current APR for the overdraft line of credit is 7.25%. It’s a variable rate, however, so it will go up and down with the prime rate, which is very low right now. Still, this rate is far better than most leading credit cards.
Good Luck!
David
@MoneyUnder30
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