BOQ Specialist Platinum Credit Card

Last updated: Oct 8, 2020

Get complimentary Qantas Frequent Flyer membership and earn Qantas Points for your everyday spending.

The BOQ Specialist Platinum card gives you a way to earn between 0.5 and 1.5 Qantas Points per $1 spent on eligible purchases.

If you're not an existing Qantas Frequent Flyer member, you can also get complimentary membership when you apply through the dedicated BOQ Specialist link – saving you $99.50 on the standard joining fee.

20.5% p.a.

Balance transfer rate

20.5% p.a.

Purchase rate

0.5

Reward points

Per $ spent

$150 p.a.

Annual fee

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Details

Product Name	BOQ Specialist Platinum Credit Card with Qantas
Rewards program	Qantas Frequent Flyer
Balance transfer rate	20.5% p.a.
Balance transfer revert rate	Cash Advance Rate (20.5% p.a.)
Purchase rate	20.5% p.a.
Annual fee	$150
Interest-free period	Up to 55 days on purchases
Cash advance rate	20.5% p.a.
Min credit limit	$5,000
Card type	Visa
Foreign currency conversion fee	3.2%

Minimum income	$60,000
Available to temporary residents	No
Joint application	No

Pros

Earn up to 1.5 points per $1 spent.
Get 8 additional cardholders for $0.

Cons

Charges a 3.2% transaction fee for purchases made overseas or online in a foreign currency.

Rewards program	Qantas Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	0.5

Annual fee	$150
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$0
Foreign currency conversion fee	3.2%
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	8

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

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 Specialist Platinum card with Qantas Points is designed especially for people working in medical, dental and veterinary professions. With this card, you'll earn 0.5 Qantas Points per $1 on eligible spending in Australia and 1 point per $1 spent overseas. You can also collect 1 additional point per $1 spent on selected Qantas products and services in Australia – equivalent to 1.5 points per $1.

While you can find Qantas Frequent Flyer credit cards with higher earn rates, they often have higher annual fees compared to the BOQ Specialist Platinum's $150 p.a. cost. While this card doesn't offer any introductory bonus points, it does give you access to complimentary travel insurance, a concierge service and other platinum Visa perks. So, if you're thinking about getting this card, make sure you weigh the potential value of these perks against its annual fee.

How to apply

You can apply for the BOQ Specialist Platinum card online or by calling the BOQ Specialist team of 1300 131 141. Before applying, make sure you meet the following eligibility criteria and have all the details and documents needed for the application.

Eligibility criteria

Minimum income. You must earn at least $60,000 per year.
Profession. You can apply for this card if you work in a medical, dental or veterinary profession, are studying in one of these fields or if you are a qualified accountant.

Residency. You must be an Australian citizen or permanent resident.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, contact number, residential address and driver's licence number.
Professional membership. BOQ Specialist has a number of partner associations that it supports, including the Australian Dental Association, Australian Medical Association, Australian Veterinary Association, General Practice Registrars Association and Certified Practising Accountants. If you're a member of one of the partner associations, you can include these details on the application.
Frequent flyer number. You need to provide your Qantas Frequent Flyer membership details, including your member number and name, so that you can earn Qantas Points with this card.
Employment details. This covers your current job title, term of employment, salary and employer's contact details. You may also need to provide recent payslips to help verify these details.
Financial information. This includes any other forms of income, such as superannuation or investments, along with shares, savings and other assets. You also need to share details of any existing debts, loans, cards or other liabilities, as well as an estimate of your household spending on essentials such as groceries, mortgage payments and bills.

Card benefits

Qantas Points per $1 spent. The BOQ Specialist Platinum earns 0.5 Qantas Points per $1 spent on eligible purchases in Australia and 1 Qantas Point per $1 on eligible international spending. Eligible spending covers most everyday purchases but excludes transactions such as cash advances, balance transfers, BPAY payments, account fees, payments to the ATO and other government transactions.
Additional points for Qantas spending. This card offers 1 additional Qantas Point per $1 spent with Qantas when you pay for Qantas flights (with a QF flight number), Qantas Frequent Flyer membership fees or Qantas Club membership joining and annual fees.

Complimentary overseas travel insurance. This card offers comprehensive overseas travel insurance and transit accident insurance for you and eligible family members when you use it to pay for your return tickets before the start of the trip. This cover is also available if you book your return trip with Qantas Points or a combination of points and payment via the BOQ Specialist Platinum card.
Domestic flight inconvenience insurance. This complimentary insurance gives you cover for interstate holidays of up to 14 days when you use the BOQ Specialist Platinum card to pay the full cost of your return flights. If you're travelling with your spouse and/or eligible dependent children, they'll also get cover when their return flights are paid for with your card.
Global hire car excess waiver costs. Use this card to pay for a hire car anywhere in the world and this complimentary insurance will help cover the cost of collision excess fees during the hire period.
Golfers' insurance. This card gives you complimentary cover against theft or accidental damage to your golf clubs.
Purchase insurance covers. Use the BOQ Specialist Platinum to pay for purchases and get access to complimentary extended warranty cover, purchase protection insurance and a best price guarantee scheme.
Platinum Visa benefits. Save time on travel and event bookings with the Platinum Concierge service, get access to exclusive, premium ticket offers through Visa Front Line and enjoy a wide range of hotel benefits, retail offers and other perks available through Visa.

Rates & fees

Annual fee. The BOQ Specialist Platinum card has an annual fee of $150 p.a. Make sure you consider this cost when weighing up the potential value you'll get from points and perks.
Purchase interest rate. While the 20.5% p.a. purchase rate on this card is similar to the rates on other frequent flyer credit cards, it will quickly add up if you carry a balance. So if you're planning to pay off purchases over a few months, you may want to look at low rate options as well.

Interest free days. This card offers up to 55 days interest-free on purchases when you pay the full closing balance by the due date on your statement. Note that interest-free days are not available when you carry a balance transfer debt.
Cash advance rate. An interest rate of 20.5% p.a. applies for cash advances from the date of the transaction.
International transaction fee. A fee of 3.2% applies to transactions made overseas or online in a foreign currency.

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2 Comments

Lauren
January 18, 2016

How do I roughly work out how much interest I would pay if I transferred $600 from my credit card into another account & paid it back within 3 weeks? Thanks

finder Customer Care

Debbie
January 23, 2016

Hi Lauren,

Thanks for your inquiry.

There is currently no balance transfer offer for BOQ Specialist Platinum Credit Card. You may need to contact BOQ Specialist directly to verify if they can accept balance transfer for a short term such as 3 weeks.

You may also find a comparison of balance transfer credit cards that offer 0% interest to see how much you could save on interest with each offer. Please ensure to read through the relevant product disclosure statement and terms and conditions of the credit card to ensure that you got everything covered before you apply.

I hope this helps.

Cheers,
Debbie

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