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BOQ Low Rate Visa Credit Card
Consolidate your credit card debt and save with no interest on balance transfers for 6 months.
The Bank of Queensland Low Rate Visa credit card is suited to people who want to manage existing debts and save on standard credit card costs. This card combines a promotional interest-free balance transfer with a competitive purchase rate and an annual fee of $55 p.a.
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0% p.a.
Balance transfer rate
for 6 months
13.49% p.a.
Purchase rate
$55 p.a.
Annual fee
55 days
Interest free period
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Details
| Product Name | BOQ Low Rate Visa Credit Card |
|---|---|
| Balance transfer rate | 0% p.a. for 6 months |
| Balance transfer revert rate | Cash Advance Rate (21.49% p.a.) |
| Balance transfer limit | 80% of available limit |
| Purchase rate | 13.49% p.a. |
| Annual fee | $55 |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate | 21.49% p.a. |
| Min credit limit | $2,000 |
| Max credit limit | $20,000 |
| 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 6 months, with no balance transfer fee
- Low interest rate of 13.49% p.a. on purchases
Cons
- Balance transfer reverts to the 21.49% p.a. cash advance rate after the promotional period
| Bonus points | N/A |
|---|
| Annual fee | $55 |
|---|---|
| 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 |
| Number of additional cardholders | 4 |
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.
