Heat the oil in a deep fryer or large pot over medium-high heat until it reaches 350°F (175°C).

In a shallow bowl, combine the all-purpose flour, garlic powder, paprika, salt, and black pepper. Whisk until evenly blended.

Pour the buttermilk into another shallow bowl.

Take each sliced onion ring and dip it into the buttermilk, then immerse it in the flour mixture.

Double coat by returning the onion ring to the buttermilk and dredging it in the panko breadcrumbs.

Carefully place the coated onion rings in the hot oil, frying for about 2-3 minutes until golden brown.

Remove the fried onion rings from the oil with a slotted spoon and transfer to a paper towel-lined plate.

Serve your warm Onion Ring Chips immediately with your favorite dipping sauces.