BoQ Platinum Visa Credit Card | Review, Compare & Apply

BOQ Platinum Visa Credit Card

What do you want this card for?
Save money
Earn points
My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
BOQ Platinum Visa Credit Card
Apply by 27 feb 20
7 reviews
BOQ Platinum Visa Credit Card
Receive 1,000 Bonus Q Rewards points every month when you spend $1,000 on eligible transactions for the first 12 months.
$0 p.a. annual fee for the first year ($129 p.a. thereafter).
Earn 2 Q Rewards points per $1 spent.
Add to comparison
Q Rewards
Q Rewards
2 pts
per $1 spent
-
 
in 12 mths (approx.)
Similar cards

Pros & cons

What's good?

What's not so good?

Receive 1,000 Bonus Q Rewards points every month when you spend $1,000 on eligible transactions for the first 12 months.
$0 p.a. annual fee for the first year ($129 p.a. thereafter). Get your annual fee waived every year if you spend a minimum of $12,000 per year on retail purchases.
Earn 2 Q Rewards points per $1 spent.
Transfer your current balance at 0% p.a. for 12 months with no Balance Transfer fee.
Personal concierge service available 24/7.
Complimentary international travel insurance.
Purchases covered by extended warranty and purchase cover insurance.
Purchase interest rate is slightly above average at 20.74% p.a. ongoing.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.2 out of 5.0 based on 7 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Pleased overall

Reviewed and recommended by Shane on 02 Jul 2016

The fees on this card are reasonable, the interest-free term is quite long, and the interest rates are comparable to most cards. The biggest benefit of my card is the rewards: there is so much to choose from and the points add up before you know it. The balance transfer rates are also very good.

Serves my purpose

Reviewed and recommended by Manjula on 21 Jun 2016

The points can be converted easily to KrisFlyer points and additionally you get Priority Lounge Membership in world class airports. Premier Lounge entries are unlimited and very helpful when you have an economy class ticket—you can get some business class service while waiting. Annual fees are reasonable.

Good for collecting points for flights

Reviewed and recommended by Manjula on 19 Jul 2015

Good credit limit, efficient service, good security for the card and good privileges. Any time I’ve had a query, the response from the customer service team has been efficient. Hassle free payment with text reminders for when a payment is due. No problems with overseas transactions either.

I highly recommend the card to anyone who is looking for a good credit limit card and prompt service.

A shiny card

Reviewed and recommended by Jenny on 04 Dec 2014

Generally pleased with the reward system on offer, and use the points toward the bill. I like that it has payWave and the fact that it is accepted widely around Australia.

I am not too happy being charged foreign currency conversion fees when travelling overseas. I even selected paying in Australian dollars once and still got stung.

Easy rewards

Reviewed and recommended by Kylie Butcher on 14 Oct 2014

Spend and treat yourself. Each dollar you spend you receive points that allow you to transfer into cash. Once you are reimbursed for your hard spending you can treat yourself with anything you may wish! You can also take the benefit of the low interest, which is easily manageable.

Problem-free rewards card

Reviewed and recommended by Anon on 11 Sep 2013

So easy to access this card. I have had no problems with payments, interest rates and resolution of problems. The rewards system is great – mostly household products we would use, as well as shopping cards with values from $50 to &100. Easy internet access.also makes this card a beneficial resource.

Totally happy with my platinum card!

Reviewed and recommended by Andrea on 30 Aug 2013

A great card, with easy use at a large range of shops etc and full access on my phone. Got the card when I purchased an investment house and have been very happy with the card and the bank in general ever since. Best service of any bank I have banked with ever!

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000
Minimum income for pensioners
N/A
Pensioners
N/A
Rewards program
Q Rewards
Temporary residents
N/A

Cardholders

Additional cardholders
4
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$30,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%80% of credit limit21.74% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
80% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the BOQ Platinum Visa Credit Card at the promotional balance transfer rate from:

  • Bank of Queensland
  • Citi
  • IMB
  • Suncorp
  • Virgin Money

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%80% of credit limit 21.74% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.81% 21.74% p.a.
Purchases 1.73% 20.74% p.a.

Fees

Annual fee
$0 p.a.
Annual fee 2nd year
$129 p.a.
Cash advance fee
3.5%
Dishonour fee
$10
Duplicate statement fee
$7.00
Foreign exchange fee
3.4%
Late payment fee
$30
Over limit fee
$40
Overseas ATM balance fee
$4
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
N/A
Transaction verification fee
$7

Rewards & points

Rewards program basics

First purchase bonus
N/A
Reward points expiry
N/A
Rewards program
Q Rewards
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
2 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
240,000
Points earned on ATO payments
N/A
Reward points
2 pts per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $35,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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