BOQ Specialist Platinum Credit Card with Velocity Points

Earn Velocity points, enjoy a host of platinum card benefits and save on costs with 55 interest-free days.

At the time of applying for the BOQ Specialist Platinum Credit Card, you have the choice of linking it to either the Qantas or Velocity frequent flyer programs. For the purpose of this review, we will focus on Velocity. If you’re interested in the Qantas option, please check out the Qantas review.

The BOQ Specialist Platinum Credit Card with Velocity Points caters exclusively to medical professionals and accountants. This card provides cardholders with premium services as well as the ability to earn Virgin Australia Velocity frequent flyer points on everyday purchases. Key features of this platinum card include complimentary travel insurance, concierge and Visa Front Line Access services and up to 55 days interest-free.

Product NameBOQ Specialist Platinum Credit Card with Velocity Points
Rewards ProgramVelocity Frequent Flyer Program
Purchase rate (p.a.)20.50% p.a.
Annual fee$150 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)20.50% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Card TypeVisa
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Credit Rating RequirementGood
Annual fee$150 p.a.
Minimum Monthly Repayment2% or $20, whichever is the greater
Late Payment Fee$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
$3.20
per transaction
Additional Cardholder Fee$0
Rewards ProgramVelocity Frequent Flyer Program
Rewards Points per $ spent (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped

BOQ Specialist Platinum Credit Card with Velocity Points review

This card sits in the BOQ Specialist credit card range and offers a number of exclusive perks for a moderate annual fee of $150. Designed for travellers, cardholders can take advantage of complimentary travel insurance and a partnership with Velocity that allows you to earn Velocity points on every dollar spent.

Benefits of the BOQ Specialist Platinum Credit Card with Velocity Points

  • Earn Velocity Points. You’ll earn 0.5 Velocity Points for every $1 spent on eligible purchases in Australia and 1 Velocity Points for every $1 spent on eligible international purchases.
  • 55 interest-free days. Avoid interest charges with up to 55 days interest-free on purchases and other debits (except cash advances and balance transfers) if you pay your monthly closing balance in full before the due date.
  • Complimentary travel insurance. Take advantage of up to 90 days international travel insurance when you use it to buy return tickets for yourself, your spouse or dependent children.
  • Visa Airport SpeedPass. You’ll also receive up to 15% off the Visa Airport SpeedPass, which lets you speed up immigration at more than 280 international airports.
  • Concierge service. Enjoy Visa’s worldwide concierge service when you need travel recommendations or assistance with finding and booking local events.
  • Visa Front Line Access. Enjoy entertainment offers including pre-sale and member promotions on tickets for live shows, concerts and sporting events.
  • Personalised service. Take advantage of 24/7 personalised assistance from the client service centre when needed.

Features of the BOQ Specialist Platinum Credit Card with Velocity Points

  • Annual fee. This card has an annual fee of $150.
  • Interest rate. The interest rate is 20.5% p.a. (variable) on purchases, cash advances and balance transfers.
  • Credit limit. This card has a minimum credit limit of $6,000.
  • Complimentary insurance covers. Apart from travel insurance cover, you are also eligible for a range of insurance protection for purchases made with this card.
  • Enhanced card security. Orion provides greater card protection by monitoring your account transactions 24/7 for suspicious activity and Verified by Visa protects your online transactions from identity theft.
  • Contactless Visa payWave and global ATM network. Visa payWave lets you use your credit card without needing to swipe it. Simply wave it in front of a Visa payWave reader for in-store transactions under $100. Your card is also accepted at more than 29 million locations globally, including more than 1.9 million ATMS.
  • Split statements. You can get multiples cards under one account for business and personal purposes and split up your statements for easier administration.
  • Simplified finances. Your credit card is compatible with accounting systems like XERO and MYOB for ease of management.
  • SMS alerts. You can track your ongoing expenditure by requesting alerts for transactions over a certain amount, or when you are approaching or have exceeded a specified limit.

How to apply for the BOQ Specialist Platinum Credit Card with Velocity Points

If you’ve compared your options and decided this card is right for you, you can apply online or in branch. To apply online, just click the “Go to site” button and you’ll be redirected to a secure application page.

Eligibility criteria

Before you do that though, please ensure you meet the following eligibility criteria:

  • You are a medical, dental, veterinary professional or qualified accountant (current students and graduates excluded)
  • You are at least 18 years old and have a driver’s licence or passport
  • You are an Australian resident

Required documents and information

You will also have to provide various forms of information and documentation to support your application, including the following:

  • Personal, identification, and contact details
  • Employment details
  • Financial details about your income, assets, and liabilities
  • Current passport and/or driver’s licence
  • Medicare card
  • Copies of two recent payslips. Self-employed individuals have to submit copies of financial statements for the last two years, and retired applicants have to provide copies of tax returns for the last two years.

If you're looking to collect Velocity Points for every dollar you spend, this card could be worth your consideration. As this isn't the only Velocity frequent flyer credit card on the market, make sure to compare your options before you apply.

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