BOQ Specialist Bank Limited Signature Credit Card with Qantas Review

Information verified correct on December 5th, 2016

Boost your Qantas frequent flyer points, enjoy a host of premium benefits and save on costs with up to 55 interest-free days.

The BOQ Specialist Bank Limited Signature credit card with Qantas is designed for medical professionals and accountants. It provides cardholders with the ability to earn Qantas frequent flyer points on everyday purchases and includes a range of luxury services. This premium card includes complimentary travel insurance, a concierge service and Visa Front Line Access, Visa Luxury Hotel Collection, Priority Pass airport lounge access and up to 55 interest-free days.

Product NameBOQ Specialist Bank Limited Signature Credit Card with Qantas
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)20.50% p.a.
Annual fee$400 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.
$15,000
Minimum Monthly Repayment2% or $20, whichever is the greater
Minimum Income$120,000
Card TypeVisa
Late Payment Fee$0
Foreign Currency Conversion Fee (VISA)
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.
2.95% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover3 months
Available To Temporary ResidentsNo
Minimum Income$120,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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.
$15,000
Annual Fee$400 p.a.
Minimum Repayment2% or $20, whichever is the greater
Late Payment Fee$0
Over Limit Fee$0
Overseas Emergency Replacement$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (VISA)
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.
2.95% of transaction value
Additional Cardholder Fee$0 p.a.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up20,000
Rewards Points per $ (VISA/MC)1
Points ExpiryNever

BOQ Specialist Bank Limited Signature Credit Card with Qantas review

This card is part of the BOQ Specialist credit card range that's designed specifically for professionals. It offers complimentary membership to the Qantas Frequent Flyer program, Qantas points for account spending and BOQ Specialist finance contracts, and a suite of other premium features that can offset the cost of the high annual fee.

Benefits of the BOQ Specialist Bank Limited Signature Credit Card with Qantas

  • Earn Qantas points fast. You can earn 1 Qantas point for every $1 spent on eligible purchases in Australia up to 10,000 points each month, and 0.63 points per $1 thereafter. You can also earn 1 point per $1 spent on eligible BOQ Specialist finance contracts and 1.5 points for every $1 spent on eligible international purchases.
  • Earn additional Qantas points. You can earn 1 additional Qantas point for every $1 spent on selected Qantas products and services within Australia.
  • Earn bonus Qantas points. Get 20,000 bonus Qantas points if you use your Signature credit card 10 times in the first 2 months.
  • 55 interest-free days. Enjoy 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 by the due date on your statement.
  • Complimentary travel insurance. This card gives you up to 90 days of insurance when you use it to buy return tickets travel tickets. It also offers coverage for your spouse or dependent children when they travel with you.
  • Travel benefits. This card offers Priority Pass airport lounge access and exclusive offers through the Visa Luxury Hotel Collection. You are also entitled to 15% off the Visa Airport SpeedPass which lets you speed up immigration at more than 280 international airports.

Features of the BOQ Specialist Bank Limited Signature Credit Card with Qantas

  • Annual fee. The annual fee for this card is $400.
  • Interest rate. Purchases, cash advances and balance transfers all attract an interest rate of 20.5% p.a. (variable).
  • Credit limit. The minimum credit limit on this card is $15,000.
  • Complimentary insurance covers. In addition to travel insurance cover, you are eligible for purchase protection insurance for items you buy with this card.
  • Concierge service. Take advantage of Visa’s worldwide concierge service when you need travel recommendations or assistance with 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. Get 24/7 personalised assistance from the client service centre when needed.
  • Enhanced card security. Orion protects your account from fraudulent transactions by monitoring your account 24/7, while  Verified by Visa offers extra security for  your online transactions.
  • 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 to make 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 multiple 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 popular accounting systems such as 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 Bank Limited Signature Credit Card with Qantas

You can apply online by clicking the “Go to site” button on this page. Alternatively, you can call BOQ on 1300 131 141. Before applying, make sure you meet the following eligibility criteria:

Eligibility criteria checklist

  • 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
  • You earn more than $120,000 annually

Necessary documents

You will 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 are a professional looking for a credit card that provides first-rate travel perks and Qantas frequent flyer points, the BOQ Specialist Bank Limited Signature Credit Card is worth considering. However, we always encourage you to compare your options before deciding, since there could be an even more suitable card for you out there.

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Rates last updated December 5th, 2016
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