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.
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
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 (p.a.) | 13.49% p.a. |
| Annual fee | $55 p.a. |
| Interest free period | 55 days |
| Cash advance rate (p.a.) | 21.49% p.a. |
| Min credit limit | $2,000 |
| Max credit limit | $20,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3.4% |
| Complimentary travel insurance | No |
| Minimum Income | $25,000 |
|---|---|
| Minimum age | 18 years of age |
| 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
| Annual fee | $55 p.a. |
|---|---|
| Minimum monthly repayment | 2% of the closing balance or $30, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee (Visa/Mastercard) | 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 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally 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.
