BOQ Low Rate Visa Credit Card
Last updated:
Consolidate your credit card debt and save with no interest on balance transfers for 14 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 annual fee of $55 p.a.
0% p.a.
Balance transfer rate
for 14 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 14 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.49% p.a.) |
| Balance Transfer Limit | 80% of available balance |
| 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% of transaction value |
| 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 the first 14 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% of transaction value |
| 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 Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
