BOQ Platinum Visa Credit Card

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Enjoy up to 12,000 bonus Q Rewards points and a $0 first year annual fee.

Get a new BOQ Platinum card and you can earn 1,000 bonus points each month when you spend at least $1,000 on eligible purchases in the first 12 months (up to 12,000 bonus points).

0% p.a.

Balance transfer rate

for 12 months


Bonus points

20.74% p.a.

Purchase rate


Reward points

Per $ spent (Visa/Mastercard)


Product NameBOQ Platinum Visa Credit Card
Rewards ProgramQ Rewards
Balance Transfer Rate0% p.a. for 12 months
Balance Transfer Revert RateCash Advance Rate (21.74% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate20.74% p.a.
Annual Fee$129
Interest Free Period55 days
Cash Advance Rate21.74% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$30,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo


  • Up to 12,000 total bonus Q Rewards points
  • $0 annual fee for the first year ($129 p.a. thereafter)
  • 0% p.a. on balance transfers for 12 months, with no balance transfer fee
  • Complimentary travel and purchase insurance covers


  • Spend requirement for total bonus points is tricky at $1,000 per month for each of the first 12 months
  • Relatively high purchase interest rate of 20.74% p.a.
  • Balance transfer reverts to the 21.74% p.a. cash advance rate after the promotional period
Rewards ProgramQ Rewards
Bonus Points1,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)2
Rewards Points per $ Cap (Visa/Mastercard)Uncapped
Annual Fee$129
Minimum Monthly Repayment2% 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 Fee3.5% or $3.50, whichever is greater
Overseas Cash Advance Fee2% of transaction amount or $4 (whichever is greater, capped $30)
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The BOQ Platinum Visa is a rewards credit card that also offers complimentary travel insurance when you use it to book overseas trips. It earns 2 Q Rewards points per $1 spent on eligible transactions, with redemption options including travel, retail items, gift cards or transfers to a partner program such as Velocity Frequent Flyer or flybuys.

While the bonus point offer on this card isn’t as competitive as the offers on some other rewards cards, it does give you a way to earn up to 12,000 bonus points in the first year. You would need to make sure you spent $1,000 on eligible purchases each month to collect them all, though.

How to apply

You can apply for the BOQ Platinum credit card online in around 10 minutes. Get started now by checking that you meet the following eligibility criteria and have all the documents and details you need for the application.

Eligibility criteria

  • Minimum income. You must earn a minimum taxable income of $35,000 per year.
  • 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

  • $0 annual fee. This card offers a $0 annual fee in the first year. You can also get a $0 annual fee in subsequent years when you spend at least $12,000 on retail purchases during that year.
  • Up to 12,000 bonus points. For the first 12 months you have this card, you can collect a bonus 1,000 Q Rewards points each month when you spend at least $1,000 on eligible purchases per month. The bonus points will be added to your Q Rewards account within 60 days of meeting the spend requirement.

Rates & fees

  • Purchase interest rate. The BOQ Platinum Visa charges a 20.74% p.a. interest rate on purchases.
  • Interest-free days. If you pay your total closing balance each month, you can enjoy up to 55 days interest-free on purchases. Note that interest-free days are not available when you are paying off a balance transfer debt.

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  1. Default Gravatar
    July 15, 2019

    If you have been with BQ for over 30yrs, have a top credit rating, plus have more than the required income stated to get a BQ card… plus you only have one other credit card which is with another bank, that you pay on automatic debit in full every month, so that means you do not have any debt to transfer to a BQ card, wouldn’t that make you eligible to have a BQ Platinum Card ?

    • AvatarStaff
      July 16, 2019

      Hi Muller,

      Thanks for contacting Finder.

      You can be eligible to apply for a BOQ Platinum Visa Credit card if meet the following eligibility criteria and required documents:

      – Minimum income. You must earn a minimum taxable income of $35,000 per year.
      – Residency. You must be an Australian citizen or permanent resident.
      – Age. You must be at least 18 years old to apply.
      – Personal details. This includes your full name, date of birth, email address, residential address, phone number, marital status and number of dependents. You also need to provide a valid form of ID, such as your driver’s licence number.
      – Employment details. You’ll be asked about your employment status, including your current job title, salary, length of employment and employer’s contact details. You may also need to provide recent payslips or other documents to help verify these details.
      – Financial details. This covers any other forms of income, such as government payments or pensions, as well as savings and other assets. You also need to share details of your existing debts and liabilities, such as loans, credit cards and ongoing living expenses.

      I hope this helps.



  2. Default Gravatar
    October 25, 2017

    what can i use rewards points for?

    • Default Gravatar
      October 26, 2017

      Hey Robin,

      Thank you for your inquiry.

      For the Bank of Queensland Reward Points, you can redeem it for:
      – Merchandise
      – Cash Rewards
      – Travel Centre
      – Velocity

      You can read more about it on this page on BOQ Q Rewards Credit Card Rewards Program.

      I hope this helps.


  3. Default Gravatar
    January 17, 2017

    Is there a charge on platinum visa card if used overseas

    • AvatarStaff
      January 17, 2017

      Hi John,

      Thanks for your question.

      Yes, BoQ Platinum Visa Card charges the following when used overseas:

      1. Overseas Cash Advance Fee = 2% of the cash advance amount or minimum of $4.00
      2. Overseas ATM Balance check = $2
      3. Overseas ATM Withdrawal Fee = $5
      4. Foreign Currency Conversion Fee (VISA) = 3.4% of transaction value


  4. Default Gravatar
    August 18, 2016

    Is there an age limit for BOQ Platinum Visa card complimentary travel insurance please.

    • AvatarStaff
      August 30, 2016

      Hi IVOR,

      Thank you for your inquiry.

      For the BOQ Platinum Visa card complimentary travel insurance, there is no age limit for the eligible cardholder. However, the age limit will apply for the “dependent child of the cardholder. AGA will cover unmarried child of a cardholder, up to and including the age of 21, who is primarily dependent on the cardholder for their maintenance and support.

      You can find more information about BOQ complimentary travel insurance on this page.


  5. Default Gravatar
    February 18, 2016

    Which credit cards allow multiple balance transfers ?

    • AvatarStaff
      February 18, 2016

      Hi Simon,

      You can compare cards that allow you to conduct multiple balance transfers here.

      So long as the total transfer amount doesn’t exceed the balance transfer limit (which is usually a percentage of the credit limit), then you should be able to conduct more than one balance transfer with most cards.

      I hope this has helped.



  6. Default Gravatar
    February 10, 2016

    Hi, can this BOQ Plat Credit Card balance transfer offer be used to pay off debit balance of an overdraft account (e.g. Citibank Ready Credit account)? Thanks.

  7. Default Gravatar
    January 29, 2016

    Hi, Does this BOQ Plat CC offer comes with a 30,000 Q Rewards points? BOQ’s website is offering the above on the same CC.

    • AvatarStaff
      January 29, 2016

      Hi Al,

      Thanks for your inquiry.

      Unfortunately, this does not come with a 30,000 bonus points. Currently the offer is only for no annual fee and 0% for 16 months on balance transfers.

      For more options, kindly refer to our rewards credit card page for comparison.

      I hope this helps.


  8. Default Gravatar
    December 31, 2015

    Hi, What happens to the reward points? Where are they directed at what ratio? Is there a maximum number of points I can accumulate in a year? Are reward points paid on ATO payments?

    Can I transfer them to airlines other than Qantas at what rate?


    • Default Gravatar
      May 30, 2016

      I have a BOQ Platinum Visa Card but don’t do internet banking so can you send me a list that I can use my Q rewards for. Also, what does concierge services mean?

    • AvatarStaff
      May 31, 2016

      Hi Kevin,

      Thanks for your inquiry.

      Just to confirm that is a comparison service and does not represent BOQ.

      If you’re unable to use the internet banking, you can contact BOQ’s Q Rewards customer care and they will be happy to assist you. I’ve forwarded BOQ’s contact details to your email.

      Concierge service is an assistance given by BOQ’s customer care team to their cardholders to attend to all their customer service needs – it’s like having your very own personal assistant on hand 24 hours a day.

      I hope this has helped.


    • AvatarStaff
      January 4, 2016

      Hello Dick,

      Thanks for your question.

      Your Q Points will accumulate in your Q Rewards account until you’ve redeemed them. The ratio will depend on where and how you decide to redeem your points. You can browse how you can redeem your rewards and how many points you’ll need via the Q Rewards online store. I’ve emailed you a link to the Q Rewards online store for your convenience.

      There is a cap of 240,000 points per year and you can’t earn rewards points on ATO payments.

      Yes, you can transfer your points to airlines aside from Qantas. You can see which airlines you can transfer your points to and at what rate by logging into your BOQ online account. I’ve also emailed you a link to BOQ’s page regarding flight rewards.

      I hope this has helped.



  9. Default Gravatar
    December 27, 2015

    Should I transfer my balance from another merchant, do my day-to-day purchases still qualify for the up to 55-day interest press scenario or to they accrue interest from the day of purchase?

    • AvatarStaff
      December 29, 2015

      Hi Peter,

      Thanks for your question.

      If you’re carrying a balance (from a balance transfer or from making purchases on your card), you’ll be unable to take advantage of the 55 interest-free days on purchases.

      I hope this has helped answer your question.



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