BOQ Low Rate Visa Credit Card

On website

BOQ Low Rate Visa Credit Card

Balance transfer

18 months at 0% p.a.

Purchase rate

13.49% p.a. ongoing

Annual fee

$55.00 p.a. ongoing

Highlights

  • Benefit from 0% p.a. for 18 months on balance transfers with no balance transfer fee.
    Reverts to 21.49% p.a.
  • 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 and cons

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.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
$25,000.00
Temporary Residents Accepted
No

Additional cardholders

Additional Cardholders
4
Additional Card Fee Ongoing
$15.00

Credit limits

Minimum Credit Limit
$2,000.00
Maximum Credit Limit
N/A

Repayments

Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%

Balance transfers

Balance transfer offer

Balance Transfer Rate
0%
Balance Transfer Period
18 months
Balance Transfer Fee Percentage
0%

Balance transfer conditions

Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
80%
Balance Transfer Revert Rate
21.49%

Rates, fees, charges

Cash advances

Cash Advance Rate
21.49% p.a.
Cash Advance Fee
$3.50
Cash Advance Fee Percentage
3.5%
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
13.49% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$55.00
Dishonour Fee
$10.00
Duplicate Statement Fee
$2.00
Foreign Exchange Fee Percentage
3.4%
Late Payment Fee
$30.00

Rewards

Rewards program basics

Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

The basics

  • Additional cardholders. With this card, you can add up to 4 additional cardholders for a fee of $15 each. You will be responsible for managing the account and repayments.
  • Digital wallets. Compatible with Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Bank of Queensland has blocked all gambling-related transactions with this card.

Rewards and benefits

  • Complimentary travel insurance. The BOQ Low Rate Visa Credit Card does not provide complimentary international travel insurance for cardholders.
  • Concierge services. The Bank of Queensland Low Rate Visa Credit Card does not include access to a concierge service.
  • Insurances. This card comes with fraud protection.
  • Rewards points. This credit card does not have a rewards program.
  • Sign-up bonus. Bank of Queensland does not offer a sign-up bonus for this card.

Rates and fees

  • Annual fee. This card has an annual fee of $55.
  • Balance transfers. This credit card currently offers 0% p.a. on balance transfers for 18 months, with a maximum of 80% of the account’s approved limit (up to a $10,000 maximum). There is no balance transfer fee.
  • Cash advances. With the BOQ Low Rate Visa Credit Card, cash advances will attract 21.49% p.a. interest, which will be charged immediately from the withdrawal date. Additionally, cash advances will be charged a one-off fee.
  • Foreign exchange fee. Purchases made in a foreign currency, either overseas or online, will incur a 3.4% fee.
  • Interest-free period. The BOQ Low Rate Visa Credit Card offers up to 55 days interest-free on purchases (except cash advances) when you have paid your previous balance in full or made the minimum required payment.
  • Purchases. Purchases on this card will attract interest at an ongoing rate of 13.49% p.a., which is still lower than the average
account

Reviewed by Credit Card Compare Staff

History

    User reviews

    Convenience

    Customer service

    Rates and fees

    Rewards

    Trust

    Great service and easy to use

    Reviewed by Leonard

    Bank of Queensland is a great bank

    Reviewed by paige

    Happy overall

    Reviewed by Sue

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