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BOQ Low Rate Visa Credit Card

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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

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Product NameBOQ Low Rate Visa Credit Card
Balance transfer rate0% p.a. for 6 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate13.49% p.a.
Annual fee$55
Interest-free period55 days
Cash advance rate21.49% p.a.
Min credit limit$2,000
Max credit limit$20,000
Card typeVisa
Foreign currency conversion fee3.4%
Minimum income$25,000
Available to temporary residentsNo
Joint applicationNo


  • 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


  • Balance transfer reverts to the 21.49% p.a. cash advance rate after the promotional period
Annual fee$55
Minimum monthly repayment2% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee2% of transaction amount or $4 (whichever is greater, capped at $30)
Additional cardholder fee$15
Number of additional cardholders4

Expert review

Sally McMullen

Review by

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 Bank of Queensland Low Rate Visa offers a shorter interest-free balance transfer promotion compared to some of the other offers on the market right now. But as long as you can repay your balance before the interest applies, it could be a useful way to get your credit card debt under control relatively quickly.

How to apply

You can apply for the BOQ Low Rate Visa credit card online but you'll need to meet the following eligibility requirements and provide supporting documents to complete the application.

Eligibility criteria

  • Age. You must be at least 18 years old to apply.
  • 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.

Card benefits

  • Balance transfer offer. Apply for the BOQ Low Rate Visa Card by 31 October 2020 and pay 0% p.a. interest on balance transfers for the first 6 months with no balance transfer fee. At the end of the promotional period, any remaining balance transfer debt will attract the cash advance rate, currently 21.49% p.a.
  • Low purchase interest rate. Your purchases will attract a 13.49% p.a. purchase interest rate.

Rates & fees

  • Low annual fee. This card charges an annual fee of $55 p.a.
  • Interest-free days. When you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases. Interest-free days do not apply while you carry debt from a balance transfer.

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  1. Default Gravatar
    June 12, 2017

    why dont BOQ offer low interest balance transfer on non boq credit cards after you had a card for years. Other banks always offering deals so why not BOQ.

    • Avatarfinder Customer Care
      June 13, 2017

      Hi Fiona,

      Thanks for your question.

      Unfortunately, as with most banks, you need to apply for a balance transfer at the time of credit card application to be eligible for the 0% offer. If you are an existing BOQ card holder, you may directly get in touch with your bank and inquire if they are able to give you a special rate.

      Alternatively, you may compare BOQ balance transfer cards on this page.


  2. Default Gravatar
    September 25, 2013

    Can I just have 0% on purchases for 9 months and not transfer a balance from another credit card to qualify for the BoQ low rate visa card ?

    • Avatarfinder Customer Care
      September 25, 2013

      Hi Doris.

      Thanks for your question. You do not have to transfer a balance to apply for a card. This card does not offer a interest free purchase rate promotion.

      You can compare cards that do on this page.


  3. Default Gravatar
    September 9, 2013

    What is the best rate you can give on a balance transfer for 24 months?

    • Avatarfinder Customer Care
      September 9, 2013

      Hi Yvonne.

      Thanks for your question.

      You can find the applicable balance transfer rate in the product table at the top of the card’s review page.

      If you’re looking to compare this balance transfer offer against other offers from different providers, please have a look at this page.

      You can click the table headings on the comparison table to arrange the cards from highest to lowest and vice versa. Please use this function to arrange balance transfer offers within the table. You may also be interested in having a look at our balance transfer calculator. You can run the figures through the calculator to find out the savings.


  4. Default Gravatar
    June 25, 2013

    If the credit card I have at the moment through a different institution is provided by is also provided by Citigroup, will my application for this offer be considered, or will I be wasting my time?

  5. Default Gravatar
    June 25, 2013

    Can I apply for the BoQ card and transfer from my husband’s AMEX?

  6. Default Gravatar
    June 17, 2013

    What do I do if my bank isn’t in your drop down list for balance transfers? I want a balance transfer on this card from Police Association Credit Co-Operative Ltd. They are now known as BankVic. Many Thanks :)

    • Avatarfinder Customer Care
      June 17, 2013

      Hi Rachel. Thanks for your question. If the online application doesn’t give you the option to select ‘other’ when you get the section where you pick the institution you want to transfer a balance from, you may have to apply for this card either over the phone or in person. Sorry I couldn’t of better help. Jacob.

  7. Default Gravatar
    June 13, 2013

    Hi I want to balance transfer $12500, how much credit limit will I need to apply for to have the 0% applied? Thanks

    • Avatarfinder Customer Care
      June 13, 2013

      Hi Erin. Thanks for your question. Bank of Queensland (BoQ) will allow you to transfer up to 80% of your approved credit limit on your new BoQ card. For information on this topic, please see this page. If you would like to transfer $12,500, you will need to be approved for a limit of $16,000 or more. Hope this helps. Jacob.

  8. Default Gravatar
    May 27, 2013

    Can you advise if this BoQ card offer includes an overdraft balance transfer – or is it just credit cards? if not, do any of the credit card providers allow a balance transfer for an overdraft?

    • Avatarfinder Customer Care
      May 27, 2013

      Hi Christine. The rule for a balance transfer are all institutions (except Citibank and Virgin) state that balance transfers are only accepted from other institutions store cards, charge cards or credit cards. Citibank and Virgin allow you to transfer the balance from a line of credit or personal loan too. They are a good place to look if you’re looking to transfer from an overdraft to a credit card. Jacob.

  9. Default Gravatar
    October 9, 2012

    What does the balance transfer interest revert to when the 1.9% for 6 months is over?

    • Avatarfinder Customer Care
      January 8, 2013

      Hi Andrea. Thanks for your question. At the end of the balance transfer period, the interest rate will revert to the cash advance rate of interest. Cheers.

  10. Default Gravatar
    March 26, 2012

    after waiting 20 minutes on 2 occasions today to activate my visa card my ph credit has run out. Can l activate my card on line here please ,your ph app is pathetic?

    • Avatarfinder Customer Care
      April 4, 2013

      Hi Michael. Thanks for your question. Waiting time can be an irksome issue sometimes. You have to activate the card over the phone or in branch. Sorry for the late reply. Hope you’ve had better luck second time around. Jacob.

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