BOQ Platinum Visa Credit Card

Earn up to 120,000 bonus Q Rewards points and save with 0% balance transfer rate for 14 months.

Get a new BOQ Platinum card and you will earn up to 120,000 bonus points when you meet the spend requirements. To give you an idea, 120,000 Q Rewards points is enough for a $320 Myer gift card (114,500).

0% p.a.

Balance transfer rate

for 14 months


Bonus points

20.74% p.a.

Purchase rate


Reward points

Per $ spent

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Product NameBOQ Platinum Visa Credit Card
Rewards programQ Rewards
Balance transfer rate0% p.a. for 14 months
Balance transfer revert rateCash Advance Rate (21.74% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.74% p.a.
Annual fee$129
Interest-free periodUp to 55 days on purchases
Cash advance rate21.74% p.a.
Min credit limit$6,000
Max credit limit$30,000
Card typeVisa
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo


  • Up to 120,000 bonus Q Rewards points
  • 0% p.a. on balance transfers for 14 months, with no balance transfer fee
  • Complimentary travel and purchase insurance covers


  • 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 points120,000
Rewards points per $ spent2
Rewards points capUncapped
Annual fee$129
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 $30)
Additional cardholder fee$0
Number of additional cardholders4

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

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.

How to apply

You can apply for the BOQ Platinum Visa 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

  • Up to 120,000 bonus points. You will earn 60,000 when you apply by 31 January 2022 and spend $3,000 on eligible purchases in the first 60 days from approval, additional 60,000 points when you spend $10,000 in the first year on eligible transactions. The bonus points will be added to your Q Rewards account within 60 days of meeting the spend requirement.
  • 0% balance transfer offer. Apply by 31 January 2022 and enjoy a 0% p.a. interest rate for the first 14 months on balances transferred, with no balance transfer fee. At the end of the introductory period, any remaining balance transfer amount attracts the card's cash advance rate, currently 21.74% p.a.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $129.
  • Purchase interest rate. The BOQ Platinum Visa charges a 20.74% p.a. interest rate on purchases.

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    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 ?

      Avatarfinder Customer Care
      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.



    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 BOQ Rewards Credit Card Rewards Program.

      I hope this helps.


    Default Gravatar
    January 17, 2017

    Is there a charge on platinum visa card if used overseas

      Avatarfinder Customer Care
      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


    Default Gravatar
    August 18, 2016

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

      Avatarfinder Customer Care
      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 to 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.

      Please read more about BOQ complimentary travel insurance.


    Default Gravatar
    February 18, 2016

    Which credit cards allow multiple balance transfers ?

      Avatarfinder Customer Care
      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.



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