BOQ Blue Visa Credit Card – Rates and Fees

Earn points with Q Rewards, enjoy $120 cashback and cut costs with a balance transfer promotion of 0% p.a. for 6 months when you apply for the BOQ Blue Visa Card.

For those looking to cut credit costs but not down to the bare minimum, the BOQ Blue Visa could be worth considering. When you apply by 30 September 2019, you will receive $120 cashback when you spend $500 per month for the first 3 months on retail purchases. If you have an existing debt to pay, you can consolidate it with a 0% p.a. interest rate for up to 6 months on balance transfers.

If you’re looking for platinum perks or more rewards, check out our review of the BOQ Platinum Visa card.

Product NameBOQ Blue Visa Credit Card
Rewards ProgramQ Rewards
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.) 20.74% p.a.
Offer end date30 September 2019
Annual fee$60 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 44 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$2,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$10,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$25,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$60 p.a.
Minimum Monthly Repayment2% or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Cash Advance Fee$3.50 per cash advance <$100 or 3.5% of the cash advance amount for $100 & over
Overseas Cash Advance Fee2% cash advance fee (with a minimum fee of $4 and a maximum fee of $30)
Gambling Transactions AllowedNo
Additional Cardholder Fee$15

Pros

  • Receive $120 cashback when you apply by 30 September 2019 and spend $500 per month on retail purchases for the first 3 months from card approval.
  • Enjoy a promotional balance transfer rate of 0% p.a. for 6 months.
  • Earn 1 Q Rewards point per $1 spent on eligible transactions.
  • Get up to 44 interest-free days on purchases.

Cons

  • At the end of the balance transfer period, any unpaid balances will be charged at the cash advance rate of interest.
Rewards ProgramQ Rewards
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the BOQ Blue Visa Credit Card

  • Cashback offer. You will receive $120 cashback when you spend $500 per month on retail purchases for the first 3 months. It will be credited to your account up to 10 weeks after the end of the 3 months period.
  • Balance transfer offer. If you apply before the 30 September 2019, you can transfer up to 80% of your credit limit from a non-Citi card to this one and pay 0% p.a. interest for up to 6 months. The introductory rate will revert to the variable cash advance rate of 21.74% p.a. for any remaining balance.
  • Purchase protection. When you use your BOQ Blue Visa Card to shop, you are not only getting the benefit of interest for up to months, you also get protection for your purchases. The Bank of Queensland offers complimentary insurance coverage for all of your shopping needs.
  • Purchase cover insurance. For an annual amount of up to $50,000, the items you buy with your BOQ Visa Blue Card are protected from theft, loss, and damage. For up to three months after you make a purchase, most of your personal items will be covered.
  • Guaranteed pricing scheme. If you make a purchase and then find the same item has gone on sale, you can receive the price difference for up to $500. Remember to check out the restrictions that applies to this offer.
  • Q Rewards program. There is no charge associated with the Q Rewards program that comes with your BOQ Blue Visa Card. Conserve your points and save money on flights and other items offered as part of the Q Rewards program. You earn 1 reward point for every $1 you spend on your Blue credit card. Those points never expire so long as the account is open and in good standing.

Features of the BOQ Blue Visa Credit Card

If you are considering the Blue Visa Card to fulfill your credit needs, there are even more features to think about:

  • Annual fee. Your account will be charged $60 p.a. for as long as it remains open.
  • Interest rate. The interest rate for purchases is 20.74% p.a.
  • Cash advances. You will have the ability to withdraw $1,000 daily using your credit card. These transactions will be charged a separate interest rate of 21.74% p.a.
  • Interest-free days. Benefit with up to 44 interest-free days on your purchases. Be mindful that you need to pay your balance in full every statement period.
  • International transactions. For any transaction made that requires conversion to the Australian Dollar, you will be charged 3.4% of the Australian currency amount.
  • Additional cardholders. This card is eligible for additional cardholders with $15 annual fee applicable per cardholder.

How to apply for the BOQ Blue Visa Credit Card

You can apply for the BOQ Blue Visa Card by completing the secure online application. Before beginning, make sure that you are able to meet the following eligibility requirements.

Eligibility criteria

  • You must be at least 18 years old.
  • Your annual income must meet or exceed $25,000 p.a.
  • Only permanent residents or citizens of Australia are eligible for this card.
  • A good credit rating is required.

Required documents

  • Your full name and contact information.
  • Be prepared to disclose the full details of your employment, including contact information for verification.
  • Your annual salary before taxes in addition to any other steady income.
  • A detailed listing of your monthly expenses. Include your housing payments and groceries.
  • Any other financial responsibilities you may have including loan and credit card repayments. Make sure you know the balances on these accounts and your available credit.

While there are many financial advantages to the BOQ Blue Visa Card, it's best to still compare its features to other credit card offers. If you don't have other debts to transfer, a different program, such as one with extensive rewards, may serve you better.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

4 Responses

  1. Default Gravatar
    johnFebruary 15, 2019

    I want to be able to compare the number of points required to purchase say a Myer gift card for $100 (or similar) with the various credit cards.

    • Avatarfinder Customer Care
      JeniFebruary 16, 2019Staff

      Hi John,

      Thank you for getting in touch with finder.

      If you consider redeeming Q Rewards points for a Myer gift card, required points starts at 9,000 points. Kindly visit BOQ’s Rewards official page to get a more accurate info on this.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  2. Default Gravatar
    LorraineJuly 24, 2014

    I am trying to contact you regarding a Direct Debit a letter I just received said was dishonoured (not paid). What does this mean.
    I live most of the time in the United States in California and I do not have a phone number I can call you on as the “300” numbers do not work from here.

    • Avatarfinder Customer Care
      ShirleyJuly 25, 2014Staff

      Hi Lorraine,

      Unfortunately you’ve come through to finder.com.au an online comparison service. We’re not directly affiliated with BoQ and don’t handle any accounts.

      Please contact their customer service team directly, they also have overseas numbers available through their official website.

      Cheers,
      Shirley

Credit Cards Comparison

Rates last updated May 27th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ME frank Credit Card
11.99% p.a.
$0 p.a.
Save money with an ongoing $0 annual fee, the same low 11.99% p.a. interest rate on purchases and cash advances, and up to 55 days interest free.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site