BOQ credit cards provide features to suit your requirements including balance transfers, low rates, Q Rewards and platinum card benefits.
Bank of Queensland (BOQ) began operations in 1874, and is now amongst the leading regional banks in Australia. It has over 250 branches across the country, and it offers an array of personal and business banking products and services. Its personal banking offerings include everyday accounts, savings accounts, personal loans, home loans, insurance solutions, and credit cards.
BOQ recognises that people have different requirements when looking for credit cards, so it offers three distinct kinds. On one end of the spectrum is a low rate card that can keep your interest to a minimum and on the other end is a platinum card that gives you the ability to earn double the usual reward points.
Comparison of Bank of Queensland Credit Cards
Rates last updated October 2nd, 2016.
- BoQ Platinum Visa Card
Balance transfer offer has been extended to 30 November 2015
August 31st, 2015
- BoQ Blue Visa Credit Card
Balance transfer offer has been extended until 28 February 2017.
September 1st, 2016
- BoQ Low Rate Visa Credit Card
0% p.a. for 12 months on balance transfers is extended until 28 February 2017.
September 1st, 2016
Types of credit cards from the Bank of Queensland
BOQ, as mentioned, provides three kinds of credit cards, which include a low rate card, a rewards card, and a platinum card. If you plan to keep balances rolling in your account from one month to the next, getting the low rate card might be a good idea. If not, you can consider getting the rewards or platinum card. Details of what you can expect are as follows:
Low rate credit cards
The BOQ low rate card is like any other typical low rate card, where you have to pay a low ongoing interest rate on purchases. It comes with an introductory 0% p.a. balance transfer rate that stays in place for 12 months. By paying your account’s outstanding balance in full each month you can make use of as many as 55 interest free days on purchases.
Rewards credit cards
The BOQ Blue Visa card falls under this category, giving you the ability to earn reward points as per your spending. Membership to the Q Rewards Program is free, and you earn 1 reward point for every dollar spent on eligible purchases. This card comes with a 0% p.a. balance transfer rate for the first 6 months, and it offers up to 44 interest free days on purchases.
Platinum credit cards
With a platinum card, you can expect more in terms of features, but also expect to pay a higher annual fee and interest rate. The BOQ Platinum Visa card comes linked to the Q Rewards Program, and you get to earn 2 reward points for every dollar spent on eligible purchases. This card offers complimentary international travel insurance, extended warranty insurance, and access to a round-the-clock concierge service. Its 0% p.a. balance transfer rate stays in place for the first 18 months, and you can make use of up to 55 interest free days on purchases.
Benefits of using a Bank of Queensland Card
When you get a BOQ credit card you can look forward to a number of benefits, which include the following:
Online and mobile banking
BOQ gives cardholders access to its online and mobile banking platforms for free. While you can use these platforms to set up payments, you can also turn to them to get account related information and pay bills via BPAY.
All new BOQ credit cards make use of Visa’s payWave technology. When you make a purchase of less than $100 at a merchant that supports this technology, you can use your card to make a contactless payment.
There are instances when not all goes as per plan, and if, at any point, you feel you have problems in keeping up with your credit card repayments you can get in touch with BOQ’s financial hardship division. After a thorough consultation that takes into account your existing financial situation, you should be able to work on a revised payment plan.
How to apply for a Bank of Queensland credit card
You can walk into any BOQ branch to apply, you can apply over the phone, or you can submit an online application; but only after you make sure that you meet the following eligibility criteria:
- You’re over 18 years of age
- You’re a permanent resident of Australia
- You earn at least $35,000 p.a. to apply for the Platinum Visa card, and at least $25,000 p.a. to apply for the Blue Visa card or the Low Rate Visa card.
- Your complete name, date of birth, marital status, number of dependents, and driver’s license number
- Your residential address, residential status, phone number, and email address
- Your employment status and occupation along with your employer’s name and contact details
- Details surrounding your income and expenses.
Frequently asked questions
What happens after I submit my application?
After BOQ receives your credit card application, it sends you an email confirming the same, and you can check the status of your application at any time using the BOQ website.
Can I get an additional card and how much would I have to pay?
Yes, you can get an additional card linked to your BOQ credit card. If you have the Low Rate or Blue card, you have to pay an additional card fee of $15. With the Platinum card, you can get up to four additional cards for free.
How do I increase my credit limit?
You have to submit an application to BOQ to increase your card’s credit limit, and for BOQ to approve your application you have to meet its lending criteria.
How can I make repayments towards my card?
You can use the Easi-Pay system to set up automatic payments, you can make payments via BPAY, you can make payments in person by visiting any BOQ branch, and you can mail in a cheque.
What should I do if I lose my card, and will I have to pay to get a replacement card?
You should report a lost or stolen card immediately by calling 1300 55 72 72 and speaking to a BOQ representative. A replacement card within Australia would cost you $15, and outside Australia you would have to pay $75.