The BOQ Platinum Visa is suited to people who want rewards and travel perks while saving on credit card costs. It currently offers 100,000 bonus Q Rewards points when you meet the spend requirement and access to complimentary travel insurance and purchase protection insurance. You’ll also save half of the annual fee and get a 0% interest rate on balance transfers in the first year. Remember to factor in the 1% balance transfer fee and the revert rate of 21.99% p.a. that applies after the introductory period. There's no specified expiry date for this offer, but BOQ can withdraw or change the offer at any time without notice.
BOQ Platinum Visa Credit Card
Terms and conditions apply
- Balance transfer rate for 12 months with 1% balance transfer fee
- 0% p.a.
- Bonus points
- 100,000
- Purchase rate
- 20.99% p.a.
- Reward points per $ spent
- 2
Our verdict
Earn 100,000 bonus Q Rewards points and get 0% interest on balance transfers for 12 months, with a 1% balance transfer fee.
Pros
-
100,000 bonus Q Rewards points
-
0% p.a. on balance transfers for 12 months
-
$75 annual fee for the first year ($149 p.a. thereafter)
-
2 Q Rewards points per $1 spent on eligible purchases
-
Complimentary travel and purchase protection insurance
Cons
-
Charges a 1% balance transfer fee
-
Relatively high purchase interest rate of 20.99% p.a.
-
Balance transfer reverts to the 21.99% p.a. cash advance rate after the promotional period
Details
Product details
| Product Name | BOQ Platinum Visa Credit Card |
| Balance transfer rate p.a. | 0% for 12 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 period | Up to 44 days on purchases |
| Cash advance rate p.a. | 21.99% |
| Min credit limit | $6,000 |
| Max credit limit | $100,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Minimum income | $35,000 |
| Joint application | No |
Rewards
| Rewards program | Q Rewards |
| Bonus points | 100,000 |
| Rewards points per $ spent | 2 |
| Rewards points cap | Uncapped |
Fees
| Annual fee | Annual fee $75 first year ($149 after) |
| 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 $30) |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 4 |
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Amy Finder
Editor
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Amy Bradney-George Finder
September 15, 2023
Hi Allan,
This credit card isn’t available through Finder right now, so you should contact BOQ directly to apply. I hope this helps!
Casey mcdonald
June 22, 2023
Do I need to activate my boq travel insurance linked to my plat credit card?
Amy Bradney-George Finder
June 22, 2023
Hi Casey,
This cover is activated when you use the card to pay for your return travel ticket before you go overseas. You could also get cover by using Q Reward Points or booking with the Take Flight program. This covers overseas trips that are up to 6 months long. If you have any other questions you can call the insurance provider, Allianz Global Assistance, on 1800 072 791. I hope this helps.
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Muller
July 14, 2019
If you have been with BQ for over 30yrs, have a top credit rating, plus have more than the required income stated to get a BQ card… plus you only have one other credit card which is with another bank, that you pay on automatic debit in full every month, so that means you do not have any debt to transfer to a BQ card, wouldn’t that make you eligible to have a BQ Platinum Card ?
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Faye Manuel Finder
July 16, 2019
Hi Muller,
Thanks for contacting Finder.
You can be eligible to apply for a BOQ Platinum Visa Credit card if meet the following eligibility criteria and required documents:
– Minimum income. You must earn a minimum taxable income of $35,000 per year.
– Residency. You must be an Australian citizen or permanent resident.
– Age. You must be at least 18 years old to apply.
– Personal details. This includes your full name, date of birth, email address, residential address, phone number, marital status and number of dependents. You also need to provide a valid form of ID, such as your driver’s licence number.
– Employment details. You’ll be asked about your employment status, including your current job title, salary, length of employment and employer’s contact details. You may also need to provide recent payslips or other documents to help verify these details.
– Financial details. This covers any other forms of income, such as government payments or pensions, as well as savings and other assets. You also need to share details of your existing debts and liabilities, such as loans, credit cards and ongoing living expenses.
I hope this helps.
Cheers,
Faye
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robin
October 25, 2017
what can i use rewards points for?
Maria
October 25, 2017
Hey Robin,
Thank you for your inquiry.
For the Bank of Queensland Reward Points, you can redeem it for:
– Merchandise
– Cash Rewards
– Travel Centre
– Velocity
You can read more about BOQ Rewards Credit Card Rewards Program.
I hope this helps.
Best,
Maria
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John
January 17, 2017
Is there a charge on platinum visa card if used overseas
May Finder
January 17, 2017
Hi John,
Thanks for your question.
Yes, BoQ Platinum Visa Card charges the following when used overseas:
1. Overseas Cash Advance Fee = 2% of the cash advance amount or minimum of $4.00
2. Overseas ATM Balance check = $2
3. Overseas ATM Withdrawal Fee = $5
4. Foreign Currency Conversion Fee (VISA) = 3.4% of transaction value
Cheers,
May
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Allan
September 13, 2023
please advise link to apply for a BOQ Platinum CC Allan