Our verdict

Ongoing $0 annual fee, concierge service and complimentary purchase cover. Earn Qantas or Velocity Points on your eligible spending.

The BOQ Specialist Platinum Visa is a frequent flyer credit card available exclusively to doctors, dentists, vets and students or graduates in these fields. It offers 0.4 Qantas Points or Velocity Points per $1 on eligible purchases in Australia up to $3,000 per statement period, then 0.2 points per $1 on purchases above $3,000 (capped at $5,000 per statement period), and 0.5 points per $1 on eligible international transactions per statement period (uncapped). 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 $0 p.a. cost.

But if you typically spend more than $10,000 in a month, make sure you consider whether the lower earn rate of 0.2 points per $1 will be worth it. The BOQ Specialist Platinum Credit Card also give you access to complimentary purchase card cover, a concierge service and other platinum Visa perks. As it doesn't currently offer any introductory bonus points, comparing the potential value of these ongoing features to other cards will help you decide if it's right for you.

Pros

$0 annual fee
Low ongoing purchase rate of 13.99% p.a.
Concierge, complimentary purchase cover and buyer's advantage cover
Earn Qantas Points or Velocity Points per $1 on eligible spending

Cons

Charges a 3.2% transaction fee for purchases made overseas or online in a foreign currency.
The earn rate drops from 0.4 to 0.2 points per $1 when you spend over $3,000 per statement period.

The BOQ Specialist Platinum Credit Card offers worldwide acceptance through the Visa card network and can be added to Apple Pay or Google Pay. If you choose to earn Qantas Points, it also offers complimentary Qantas Frequent Flyer membership, saving you $99.50 on the standard joining fee.

Details

Product details

Product Name	BOQ Specialist Platinum Credit Card
Balance transfer rate p.a.	13.99%
Purchase rate p.a.	Purchase rate p.a.13.99%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	13.99%
Min credit limit	$6,000
Card type	Visa

Eligibility

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

Rewards

Rewards program	Qantas / Velocity Frequent Flyer
Bonus points	N/A
Rewards points per $ spent	0.4

Fees

Annual fee	$0
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	9

How to apply

You can apply for the BOQ Specialist Platinum Credit Card online through a secure application form on the BOQ Specialist website. To get started, check that you meet the 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 details. You need to choose between earning Qantas Points or Velocity Points, then provide your frequent flyer membership details for that program.
Employment details. This includes your current job title, term of employment, salary and employer's contact details. You may also need to provide recent payslips or ATO tax assessment notices to 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

Frequent flyer points per $1 spent. The BOQ Specialist Platinum earns 0.4 Qantas Points or Velocity Points per $1 on eligible purchases in Australia up to $3,000 per statement period. After that, you'll earn 0.2 points per $1 on purchases above $3,000, capped at $5,000 per statement period. For eligible international transactions, it earns 0.5 points per $1 with no cap. 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.
Purchase interest rate. This card charges a 13.99% p.a. interest rate on purchases, which is relatively low compared to other frequent flyer credit cards. But it will quickly add up if you carry a balance. It's 7 percentage points lower than the average standard credit card interest rate, currently 20.99% p.a. according to the RBA data.

Purchase insurance covers. The BOQ Specialist Platinum Credit Card also offers card purchase cover for theft or damage of new, eligible items you buy with it. And buyer's advantage cover that gives you a way to get refunded on the difference in price for eligible items you buy in-store, then see at a lower price at another nearby store.
Platinum Visa benefits. You can save time on travel and event bookings with the Visa Platinum Concierge service. Visa also offers wide range of hotel benefits, retail offers and other perks, with the latest deals available on its website.

Rates & fees

Annual fee. The BOQ Specialist Platinum Credit Card has a $0 annual fee.
Interest-free days. The BOQ Specialist Platinum Credit Card offers up to 55 days interest-free on purchases when you pay the full closing balance by the due date on your statement. This means that interest-free days are not available when you're paying off a balance transfer.

Cash advance rate. An interest rate of 13.99% 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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Amy Finder

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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

Debbie Finder

January 22, 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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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

BOQ Specialist Platinum Credit Card

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