Important disclosure
BOQ Platinum Visa
Bonus Points
Earn 100,000 bonus Q Rewards® points when you spend $4,500 on Eligible Transactions in the first 3 months from card approval0% p.a. balance transfer for 12 months | 1% balance transfer fee Half annual fee for first year (Reverting to full fee $129)
Purchase Rate
20.74%
p.a
Balance Transfer Rate
0%
p.a
Pros and cons
For Platinum Visa
Benefits
- Rewards Available through BOQ Q Rewards
- Extra 100,000 points subject to eligibility conditions
- $65 annual fee in the first 12 months and $129 p.a thereafter.
- Annual fee of $129 is refunded when you spend $12,000 on purchases every 12 months
- Domestic travel insurance
- International travel insurance
- Free supplementary cards
- Price guarantee
- Extended warranty
- Concierge
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
- Higher than average ongoing annual fee
BOQ Rate Credit card overview
For Platinum Visa
Details
Card Level Platinum | Card Type Visa |
Interest Free Days 55 | Minimum monthly repayment 2% or $30 |
Minimum credit limit $6k | Maximum credit limit $30k |
Free supplementary cards | Instant Approval |
Target Market Determination Visit Bank of Queensland to view Target Market Determination. |
Fees
Annual Fee $65 for 12 months then $129 thereafter | Annual Fee Spend Waiver $12k |
Supplementary card annual fee $0 | Late Payment Fee $30 |
Over limit fee $40 | Duplicate statement fee $7 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate 20.74% p.a |
Cash advance rate 21.74% |
Cash advance fee 3.5% or $3.5 |
Balance Transfer
Balance Transfer Rate 0% p.a |
Transfer Limit 80% of the approved credit limit |
Balance Transfer Fee 1% |
Overseas spending
Foreign Exchange Fee 3.4% on Visa |
Overseas charges $4 |
Estimated ATM Cost $14.2 for AU $300 withdrawal |
Rewards
Program name BOQ Q Rewards |
Rewards Available Gift Card, Cash Back |
Eligibility
Minimum age 18 |
Minimum income $35k |
Eligibility conditions - |
Residency Australia Citizen, Permanent Resident |
Perks
- DOMESTIC TRAVEL INSURANCE
- INTERNATIONAL TRAVEL INSURANCE
- FREE SUPPLEMENTARY CARDS
- PRICE GUARANTEE If you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $500.
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year.
- CONCIERGE
- PURCHASE PROTECTION INSURANCE
- Bonus PointsBalance Transfer Earn 100,000 bonus Q Rewards® points when you spend $4,500 on Eligible Transactions in the first 3 months from card approval0% p.a. balance transfer for 12 months | 1% balance transfer fee Half annual fee for first year (Reverting to full fee $129)