BOQ Specialist Platinum Credit Card Review

Receive a complimentary Qantas Frequent Flyer membership and earn Qantas Points on your everyday spending.

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 Qantas. If you’re interested in the Velocity option, please check out the Velocity review.

BOQ Specialist products are designed for medical, dental and veterinary professionals. The BOQ Specialist Platinum Credit Card enables you to earn rewards through the Qantas Frequent Flyer program. The premium benefits don't end with rewards — cardholders get a comprehensive complimentary insurance package, access to a 24/7 concierge service, and the services of Visa Front Line Access.

Product NameBOQ Specialist Platinum Credit Card with Qantas
Rewards ProgramQantas Frequent Flyer
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
Minimum Monthly Repayment2% or $20, whichever is the greater
Minimum Income$60,000
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.
3.2% of transaction value
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Minimum Income$60,000
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.
$6,000
Annual Fee$150 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.
3.2% of transaction value
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Internet Banking TransfersYes
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (VISA/MC) CapUncapped
Points ExpiryNever

BOQ Specialist Platinum Credit Card Review

If you’re a member of the Qantas frequent flyer program, or wish to become one, this card gives you a complimentary membership and Qantas Points for every $1 of eligible transactions. Any purchases you make receive protection through various insurance covers, and you can also take advantage of different travel insurance covers.

  • Rewards. Every $1 you spend on eligible purchases in Australia earns 0.5 Qantas points, and every $1 spent on international eligible purchases earns 1 Qantas point. For Qantas purchases made in Australia, you will also earn 1 additional point per $1 spent. Membership to the Qantas Frequent Flyer program for BOQ Specialist cardholders is free.
  • Complimentary insurance covers. Purchases you make using your Platinum card receive complimentary cover through purchase security insurance, extended warranty insurance, and best price guarantee. Other complimentary insurance covers you can make use of include golfer’s insurance, global hire car excess waiver, transport accident insurance, overseas travel insurance, and domestic flight inconvenience insurance.
  • Concierge service. This round-the-clock global service can help you make reservations for restaurants, you can turn to it to book flight tickets and make hotel reservations, it can assist you in choosing and sending gifts, and it also offers various work-related services.

BOQ Specialist Platinum Credit Card Features

  • Annual fee. Using this platinum credit card requires that you pay an annual fee of $150 for the life of the card.
  • Rewards. There is no cap on the number of Qantas points you can earn. With your points, you can access travel rewards and entertainment rewards, or choose from an array of merchandise.
  • Complimentary insurance covers. You get various travel insurance covers when you use this card to book return travel tickets, and certain other insurance covers provide protection to purchases made using this card.
  • Interest-free days. You can get as many as 55 interest-free days on purchases if you pay your account’s closing balance in full every month, before the due date specified on your statement.
  • Concierge service. A global concierge service is in place to provide assistance in spheres like travel, entertainment, and work.
  • Front Line Access. This service gives you the ability to reserve tickets for concerts, live shows, and sporting events, before they go on sale.
  • Card security. While Orion monitors your account activity for suspicious transactions and notifies you upon detecting any, Verified by Visa provides additional security when your card details are used for transactions online.

How to apply for the BOQ Specialist Platinum Credit Card

To apply for this card, you can submit an online application or getting in touch with BOQ Specialist Bank directly.

Eligibility criteria

  • You are a permanent resident of Australia.
  • You are over 18 years of age.
  • You earn at least $60,000 p.a.

Required documents

  • Personal details like your driver’s license number, marital status, and number of dependents
  • Employment-related information like your employment status, profession, and your employer’s name and contact details
  • Financial details surrounding your income, assets, and liabilities

Applying for this card can make sense if you plan to make use of the rewards program and other extras, but since this is not the only card of its kind, it can be a good idea to compare it with similar offerings before deciding.

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2 Responses

  1. Default Gravatar
    LaurenJanuary 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

    • Staff
      DebbieJanuary 23, 2016Staff

      Hi Lauren,

      Thanks for your inquiry.
      Please note that you’ve come through finder.com.au, an online comparison service and not BOQ Specialist.

      Unfortunately, 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.

      For a comparison of balance transfer credit cards that offer 0% interest, kindly refer to this page.

      I hope this helps.

      Cheers,
      Debbie

Credit Cards Comparison

Rates last updated November 23rd, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 15 months
$149 p.a. annual fee for the first year ($299 p.a. thereafter)
Fly faster with up to 2 Qantas Points per $1 spent, receive 2 yearly complimentary Qantas Club lounge invitations, plus, included travel insurance.
Woolworths Everyday Platinum Credit Card
19.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Receive a $50 eGift Card when you apply by 31 January 2018 and make an eligible purchase by 28 February 2018.
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Earn up to 60,000 bonus Velocity Points in the first 3 months on eligible spend and enjoy a discounted annual fee of $64 for the first year.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au 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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