In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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BOQ Specialist Signature Credit Card

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BOQ Specialist Signature Credit Card
Terms and conditions apply
Bonus points
Purchase rate
20.5% p.a.
Reward point per $ spent
Annual fee
$400 p.a.

Our verdict

Offers 20,000 bonus Qantas Points or Velocity Points and airport lounge access but is only available to select professionals including doctors, dentists and vets.

The BOQ Specialist Signature Credit Card gives you a choice between earning Qantas Points or Velocity Points on your everyday spending. Right now, it also offers 20,000 bonus points when you make 10 eligible purchases in the first 2 months. That's enough for a one-way business class flight between Sydney and Melbourne (18,400 Qantas Points or 15,500 Velocity Points, plus fees and taxes). While this isn't the biggest bonus points offer on the market, there’s no minimum dollar amount you need to spend for the 10 purchases.


  • 20,000 bonus Qantas Points or Velocity Points
  • Uncapped rewards points
  • Airport lounge access and complimentary travel insurance


  • Has a considerably high annual fee of $400

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The BOQ Specialist Signature is a premium credit card you can get if you're a doctor, dentist, vet or student in a related field. It gives you access to exclusive offers through the Visa Luxury Hotels Collection, Visa Front Line Access and a concierge service. You can use it anywhere Visa cards are accepted, including with Apple Pay and Google Pay. But its 20.5% p.a. purchase rate means you'll typically get more value from it if you pay the total account balance in full each month to make use of interest-free days on purchases.


Product details

Product Name BOQ Specialist Signature Credit Card
Balance transfer rate p.a. 20.5%
Purchase rate p.a. 20.5%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 20.5%
Min credit limit $15,000
Card type Visa


Available to temporary residents No
Minimum income $120,000
Joint application No


Rewards program Qantas / Velocity Frequent Flyer
Bonus points 20,000
Rewards points per $ spent 1


Annual fee $400
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 Signature Credit Card online in about 15 minutes. To get started, make sure you meet the following eligibility criteria and have all the documents and details you need for the application.

Eligibility criteria

  • Minimum income. You must earn at least $120,000 per year.
  • Industry professional. To apply for this card, you must be a medical, dental or veterinary professional, or a student training in one of these professions.

Card benefits

  • 20,000 bonus Qantas Points or Velocity Points. Apply, get approved and make 10 purchases in the first 2 months from card approval to earn 20,000 bonus frequent flyer points. Eligible transactions include most everyday spending but exclude fees and charges, interest and asset finance repayments on BOQ Specialist commercial loans. You can choose whether to earn Qantas or Velocity Points when you apply for this card, and will need to provide your frequent flyer membership number.
  • Frequent flyer points per $1 spent. The BOQ Specialist Signature earns 1 Qantas Point or Velocity Point per $1 spent on eligible purchases in Australia, up to 10,000 points per month and 0.5 Qantas Points per $1 spent for the remainder of the month. It also earns 1.5 Qantas Points or Velocity Points per $1 on eligible international spending, uncapped. 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.

Rates & fees

  • Annual fee. The BOQ Specialist Signature has an annual fee of $400. 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.

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