Bank of Queensland Credit Cards

Compare Bank of Queensland credit cards, available nationwide, for their competitive low rates and rewards, regardless of your location.

By   |   Updated 1 Mar 2024

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Comparing Bank of Queensland credit cards

BOQ Platinum Visa Credit Card

On website

Highlights

  • Receive a bonus of 150,000 Q Rewards points upon spending $3,000 on eligible transactions within the initial 90 days post-approval.
  • Benefit from a 0% p.a. rate on balance transfers for 14 months, with no associated balance transfer fee. The rate reverts to the cash advance rate of 21.74% p.a. after the promotional period.
  • Accrue 2 Q Rewards points for each dollar spent on eligible transactions.

Pros

  • Get up to 150,000 Q Rewards points when you meet the criteria.
  • 0% p.a. on balance transfers for 14 months with no balance transfer fee.
  • Get up to 4 additional cardholders at no extra cost.

Cons

  • The $129 p.a. annual fee.
BOQ Blue Visa Credit Card

On website

Highlights

  • Benefit from a 0% p.a. rate for 20 months on Balance Transfers, accompanied by no balance transfer fee (reverting to cash advance fee thereafter).
  • Accrue points within the Q Rewards program.
  • Avail of the guaranteed pricing scheme for your purchases.
  • Enjoy up to 44 days on purchases.

Pros

  • Earn rewards points on every dollar spent with no cap.
  • 0% balance transfer for 20 months.
  • No balance transfer fees.

Cons

  • Interest-free period is relatively short, at 44 days.
  • $15 charge per additional card.
BOQ Low Rate Visa Credit Card

On website

Highlights

  • Benefit from 0% p.a. for 12 months on both purchases and balance transfers.
  • Access a low-rate credit card with an ongoing rate of 13.49% p.a.
  • Enjoy up to 55 days on purchases interest-free.

Pros

  • Low ongoing interest rates.
  • No fees on balance transfers.
  • Instalment Plans on large purchases.

Cons

  • No rewards points or cashback.
  • Additional cards come with a fee.

Bank of Queensland (BOQ) offers a range of credit cards to suit various financial needs. Whether you're looking for a low rate, rewards, or platinum card, BOQ has options that may fit your requirements. In this article, we'll explore the features, benefits, and eligibility criteria associated with Bank of Queensland credit cards.

Types of Bank of Queensland Credit Cards

BOQ provides different types of credit cards, each designed to cater to specific preferences and spending habits. Here are some common types:

Low Rate Credit Cards

BOQ's low rate credit cards offer competitive interest rates, making them suitable for cardholders who prioritize saving on interest charges.

Rewards Credit Cards

BOQ's rewards credit cards allow cardholders to earn points for their purchases, which can be redeemed for various rewards such as flights, merchandise, or gift cards.

Platinum Credit Cards

Platinum credit cards from BOQ come with premium benefits such as complimentary insurances, higher credit limits, and exclusive offers.

Features of Bank of Queensland Credit Cards

When considering a Bank of Queensland credit card, it's essential to understand the features that come with it. Some common features include:

  • Balance Transfer Offers: BOQ may offer balance transfer promotions where you can transfer existing card balances to a BOQ credit card at a lower interest rate.
  • Interest Rates: Different cards come with varying interest rates, which can be fixed or variable. Understanding the interest rate structure is crucial for managing your card effectively.
  • Fees and Charges: It's important to be aware of any annual fees, late payment fees, or other charges associated with the credit card.
  • Rewards Program: If you opt for a rewards card, familiarize yourself with the earning potential, redemption options, and any bonus point offers available.
  • Additional Benefits: Platinum cards may offer additional perks such as travel insurance, purchase protection, and concierge services.

Eligibility for Bank of Queensland Credit Cards

To be eligible for a Bank of Queensland credit card, you typically need to meet certain criteria. While specific requirements may vary based on the card type, common eligibility criteria include:

  • Being an Australian citizen or permanent resident
  • Meeting minimum income requirements
  • Having a good credit history
  • Being over the age of 18

It's advisable to check the specific eligibility criteria for the card you're interested in before applying.

Applying for a Bank of Queensland Credit Card

The application process for a Bank of Queensland credit card usually involves the following steps:

  1. Compare Cards: Evaluate the different BOQ credit card options to find one that aligns with your needs and preferences.
  2. Check Eligibility: Ensure you meet the eligibility criteria for the selected credit card.
  3. Apply Online: You can typically apply for a BOQ credit card online by filling out an application form and providing the necessary documents.
  4. Verification: BOQ will assess your application, which may include verifying your identity and income.
  5. Approval: If your application is approved, you will receive your new credit card along with relevant information such as the credit limit and terms.

Managing Your Bank of Queensland Credit Card

Once you have been approved for a Bank of Queensland credit card, it's essential to manage it responsibly. Here are some tips for effective credit card management:

  • Payment: Pay your credit card bills on time to avoid late fees and negative impacts on your credit score.
  • Balance: Try to keep your credit card balance low relative to your credit limit to maintain a healthy credit utilization ratio.
  • Statements: Review your monthly statements regularly to track your spending and identify any discrepancies.
  • Security: Protect your card details and personal information to prevent unauthorized transactions.

Help choosing a Bank of Queensland credit card

Access personalized guidance to choose the perfect Bank of Queensland credit card aligned with your financial needs and lifestyle.

  • FAQs

What is the minimum income requirement for a Bank of Queensland credit card?

The minimum income requirement for a Bank of Queensland (BOQ) credit card varies depending on the specific card you're applying for. It's advisable to check the BOQ website or contact their customer service for the most accurate and up-to-date information regarding income requirements for the card of your interest.

How can I redeem the rewards points earned on my BOQ credit card?

To redeem the rewards points earned on your BOQ credit card, log in to your online banking account and navigate to the rewards section. Here, you can view your points balance and explore the various redemption options available, such as merchandise, gift cards, or travel bookings.

Are there any international transaction fees associated with BOQ credit cards?

BOQ credit cards may incur international transaction fees on purchases made in a foreign currency or on transactions that are processed outside of Australia. The fee is typically a percentage of the transaction amount. For specific rates, it's best to consult the terms and conditions of your credit card.

Can I link my BOQ credit card to mobile payment services like Apple Pay or Google Pay?

Yes, you can link your BOQ credit card to mobile payment services like Apple Pay or Google Pay. This allows you to use your phone for contactless payments at participating merchants, offering a convenient and secure way to pay without needing your physical card.

What should I do if my BOQ credit card is lost or stolen?

If your BOQ credit card is lost or stolen, you should immediately report it to BOQ by calling their customer service hotline. They will assist you in blocking your card to prevent unauthorized transactions and will guide you through the process of obtaining a replacement card.