Our verdict

Earn 50,000 bonus Q Rewards points and get 0% interest on balance transfers for 6 months, with a 1% balance transfer fee.

The BOQ Blue Visa credit card has a competitive balance transfer offer and also earns points for new purchases. With this type of card, you'll want to make sure you're not conflicted between paying down your debt and spending to earn points. Right now, it offers 50,000 bonus Q Rewards points when you apply and spend $3,500 on eligible transactions within the first 3 months from card approval.

It also charges a competitive annual fee compared to other rewards cards, although it comes with fewer extra features than you would expect from more premium cards.

Pros

50,000 bonus Q Rewards points
Balance transfer rate of 0% p.a. for 6 months
1 Q Rewards point per $1 spent on eligible transactions
Complimentary purchase protection insurance

Cons

Balance transfer reverts to the 21.99% p.a. cash advance rate after the promotional period
Charges a one-time 1% balance transfer fee
Offers 44 days interest-free on purchases, compared to other cards that offer up to 55 days

When you apply for the Bank of Queensland Blue Visa credit card, you'll get 0% on balance transfers for the first 6 months, with a one-time 1% balance transfer fee. There’s no specified expiry date for this offer, but BOQ can withdraw or change the offer at any time without notice.

You can also reward your spending with 1 reward point per $1 spent with your card, which you can then redeem for flights, gift cards and merchandise.

Details

Product details

Product Name	BOQ Blue Visa Credit Card
Balance transfer rate p.a.	0% for 6 months with 1% balance transfer fee, then 21.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a.20.99%
Interest-free days	Up to 44 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$2,000
Max credit limit	$10,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$25,000
Joint application	No

Rewards

Rewards program	Q Rewards
Bonus points	50,000
Rewards points per $ spent	1
Rewards points cap	Uncapped

Fees

Annual fee	Annual fee $89
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	Foreign currency conversion fee 3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	2% of transaction amount or $4 (whichever is greater, capped at $30)
Additional cardholder fee	$15
Number of additional cardholders	4

How to apply

You can apply for the BOQ Blue Visa credit card online, as long as you meet the eligibility criteria and have the necessary information to complete the application.

Eligibility criteria

Income. You must earn at least $25,000 to apply for this card.
Eligible balance transfer debt. If you're planning to transfer a balance to the BOQ Blue Visa, you can transfer up to 80% of your approved credit limit from non-Citigroup credit cards, store cards or loans.

Residency. This card is available to Australian permanent residents and citizens.
Credit score. You'll need a good credit history to apply.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. Including your full name, contact details, residential address, marital status and number of financial dependents.
Proof of identification. You'll need to include your driver's licence number.
Employment. Confirm your current place of employment and provide your employer's contact details.
Balance transfer details. If you want to take advantage of the introductory balance transfer offer on this card, you will need to provide details of your existing debt. This includes the amount of debt you want to transfer, the account name, account number and the institution's BSB.

Card benefits

50,000 bonus points. Receive 50,000 bonus Q Rewards points when you apply and spend $3,500 on eligible purchases in the first 3 months from card approval. The bonus points will be added to your Q Rewards account within 60 days of meeting the spend requirement.
Balance transfer offer. Save with 0% p.a. interest for 6 months on balance transfers (with a one-time 1% balance transfer fee). The balance transfer rate will revert to the variable cash advance rate of 21.99% p.a. at the end of the promotional period.

Q Rewards program. You'll earn 1 reward point per $1 spent on eligible purchases. Your points don't expire as long as your account is active and you can redeem your points for flights, hotels, car rental, gift cards and merchandise ranging from homewares and electronics to jewellery to from the Q Rewards website.
Purchase protection. You'll receive complimentary purchase protection insurance for eligible personal items bought with the card are lost, stolen or damaged within 90 days of purchase.
Mobile wallets. You can link your BOQ credit card with Samsung Pay, Google Pay and Apple Pay to make contactless payments using your eligible device upon checkout.

Rates & fees

Annual fee. This card charges a $89 annual fee.
Purchase interest rate. Your purchases will attract interest at the 20.99% p.a. interest rate if you do not pay your statement balance in full.

Interest-free days. You can save with up to 44 interest-free days on purchases when you pay your balance in full by the statement due date. You won't be eligible for interest-free days if you're paying off a debt from a balance transfer.
Cash advances. If you use your card to make a cash advance, like an ATM withdrawal, you'll be charged the 21.99% p.a. interest rate. If you make a cash advance in Australia, you'll pay a cash advance fee of 3.5% of transaction amount or $3.50 (whichever is greater). International cash advances attract a fee of 2% of transaction amount or $4 (whichever is greater, capped at $30).
International transactions. If you use your card to shop overseas or online with an overseas merchant and spend in a foreign currency, you'll be charged a 3.4% international transaction fee.
Additional cardholders. You can request an additional cardholder for the account for $15.

Sources

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Sally Finder

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John

February 15, 2019

I want to be able to compare the number of points required to purchase say a Myer gift card for $100 (or similar) with the various credit cards.

Jeni Finder

February 16, 2019

Hi John,

Thank you for getting in touch with finder.

If you consider redeeming Q Rewards points for a Myer gift card, required points starts at 9,000 points. Kindly visit BOQ’s Rewards official page to get a more accurate info on this.

I hope this helps.

Thank you and have a wonderful day!

Cheers,

Jeni

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Lorraine

July 24, 2014

I am trying to contact you regarding a Direct Debit a letter I just received said was dishonoured (not paid). What does this mean.

I live most of the time in the United States in California and I do not have a phone number I can call you on as the “300” numbers do not work from here.

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Shirley Liu Finder

July 25, 2014

Hi Lorraine,

Unfortunately you’ve come through to finder.com.au an online comparison service. We’re not directly affiliated with BoQ and don’t handle any accounts.

Please contact their customer service team directly, they also have overseas numbers available through their official website.

Cheers,

Shirley

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Sally McMullen is a journalist with five years of experience covering credit cards and consumer finance. As co-host of the Two Broke Chicks podcast and co-author of Rich In Life, Sally shares valuable money-saving tips and life lessons with her audience. Sally was a Credit Cards Editor at Finder from 2015 to 2020. See full profile

BOQ Blue Visa Credit Card

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