BOQ Low Rate Visa Credit Card

On website

BOQ Low Rate Visa Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

12 months at 0% p.a.

Annual fee

$55.00 p.a. ongoing

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 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.

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 12 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. The BOQ Low Rate Visa Credit Card offers 0% for 12 months on purchases. After the introductory period, 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

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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