BOQ Blue Visa Credit Card

Last updated: Jul 1, 2020

Get 0% on balance transfers for 18 months and a low annual fee with the BOQ Blue Visa Card.

When you apply for the Bank of Queensland Blue Visa credit card by 31 October 2020, you'll get 0% on balance transfers for the first 18 months with no balance transfer fee.

You can also reward your spending with 1 reward point per $1 spent with your card, which you can then redeem for flights, gift cards and merchandise.

0% p.a.

Balance transfer rate

for 18 months

20.74% p.a.

Purchase rate

Reward point

Per $ spent

$60 p.a.

Annual fee

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Details

Product Name	BOQ Blue Visa Credit Card
Rewards program	Q Rewards
Balance transfer rate	0% p.a. for 18 months
Balance transfer revert rate	Cash Advance Rate (21.74% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.74% p.a.
Annual fee	$60
Interest-free period	44 days
Cash advance rate	21.74% p.a.
Min credit limit	$2,000
Max credit limit	$10,000
Card type	Visa
Foreign currency conversion fee	3.4%

Minimum income	$25,000
Available to temporary residents	No
Joint application	No

Pros

Balance transfer rate of 0% p.a. for 18 months with no balance transfer fee
1 Q Rewards point per $1 spent on eligible transactions

Cons

Offers 44 days interest-free on purchases, compared to other cards that offer up to 55 days
Balance transfer reverts to the 21.74% p.a. cash advance rate after the promotional period

Rewards program	Q Rewards
Rewards points per $ spent	1
Rewards points cap	Uncapped

Annual fee	$60
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	2% of transaction amount or $4 (whichever is greater, capped at $30)
Additional cardholder fee	$15

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The BOQ Blue Visa credit card has a competitive balance transfer offer and also earns points for new purchases. With this type of card, you'll want to make sure you're not conflicted between paying down your debt and spending to earn points.

It also charges a competitive annual fee compared to other rewards cards, although it comes with fewer extra features than you would expect from more premium cards.

How to apply

You can apply for the BOQ Blue Visa credit card online, as long as you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

Income. You must earn at least $25,000 to apply for this card.
Eligible balance transfer debt. If you're planning to transfer a balance to the BOQ Low Rate, you can transfer up to 80% of your approved credit limit from non-Citigroup credit cards, store cards or loans.

Residency. This card is available to Australian permanent residents and citizens.
Credit score. You'll need a good credit history to apply.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. Including your full name, contact details, residential address, marital status and number of financial dependents.
Proof of identification. You'll need to include your driver's licence number.
Employment. Confirm your current place of employment and provide your employer's contact details.
Balance transfer details. If you want to take advantage of the introductory balance transfer offer on this card, you will need to provide details of your existing debt. This includes the amount of debt you want to transfer, the account name, account number and the institution's BSB.

Card benefits

Balance transfer offer. If you apply before 31 October 2020, you can save with 0% p.a. interest for 18 months on balance transfers (with no balance transfer fee). The balance transfer rate will revert to the variable cash advance rate of 21.74% p.a. at the end of the promotional period.
Q Rewards program. You'll earn 1 reward point per $1 spent on eligible purchases. Your points don't expire as long as your account is active and you can redeem your points for flights, hotels, car rental, gift cards and merchandise ranging from homewares and electronics to jewellery to from the Q Rewards website.

Purchase protection. You'll receive complimentary purchase cover insurance for eligible personal items bought with the card are lost, stolen or damaged within 90 days of purchase. You can also receive a refund of up to $500 if you buy an item and find the same item on sale thanks to price guarantee cover.
Mobile wallets. You can link your BOQ credit card with Samsung Pay to make contactless payments using your eligible device upon checkout.

Rates & fees

Annual fee. This card charges a $60 p.a. annual fee.
Purchase interest rate. Your purchases will attract interest at the 20.74% p.a. interest rate if you do not pay your statement balance in full.

Interest-free days. You can save with up to 44 interest-free days on purchases when you pay your balance in full by the statement due date. You won't be eligible for interest-free days if you're paying off a debt from a balance transfer.
Cash advances. If you use your card to make a cash advance, like an ATM withdrawal, you'll be charged the 21.74% p.a. interest rate. If you make a cash advance in Australia, you'll pay a cash advance fee of 3.5% of transaction amount or $3.50 (whichever is greater). International cash advances attract a fee of 2% of transaction amount or $4 (whichever is greater, capped at $30).
International transactions. If you use your card to shop overseas or online with an overseas merchant and spend in a foreign currency, you'll be charged a 3.4% international transaction fee.
Additional cardholders. You can request an additional cardholder for the account for $15.

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4 Comments

john
February 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.

Reply
- finder Customer Care
  
  Jeni
  February 16, 2019
  
  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
  
  Reply
Lorraine
July 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.

Reply
- finder Customer Care
  
  Shirley
  July 25, 2014
  
  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
  
  Reply

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