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
Purchase rate (p.a.)20.50% p.a.
Annual fee$150 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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.
Card TypeVisa
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$150 p.a.
Minimum Monthly Repayment2% or $20, whichever is the greater
Late Payment Fee$0
Overseas ATM Withdrawal Fee$0
Additional Cardholder Fee$0
Rewards ProgramVelocity Frequent Flyer
Rewards Points per $ spent (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped

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.
  • 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. Apart from this, you are also eligible for a range of insurance protection for purchases made with this card.
  • 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.
  • 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.
  • Credit limit. This card has a minimum credit limit of $6,000.
  • 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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Credit Cards Comparison

Rates last updated January 18th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
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Suncorp Clear Options Platinum Credit Card - Online Offer
20.74% p.a.
0% p.a. for 18 months
$49 p.a. annual fee for the first year ($129 p.a. thereafter)
Save with a 0% balance transfer offer and earn up to 60,000 Bonus Reward Points. Plus, a discounted first year annual fee when you apply online.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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