BoQ Low Rate Visa Credit Card
Related Products
Why Should you Consider the BoQ Low Rate Visa?
First of all, one of the most important reasons for applying is related to the low interest rate that will be applied to your account for every single purchase you make during every year of your contract. In this way, you will no longer need to worry that you will not find the necessary money for your payments every time you decide to make a purchase.
In addition to this, there will also be an annual fee that will be compatible with the budget of most of the people. This will also provide you with a great opportunity to save some money in the long run, which you will be able to use in order to accomplish some of your most important financial goals.
And this is not all, as the card offers an interest free period of up to 55 days available for you and your account.
| Product Name | BoQ Low Rate Visa Card | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 9 months | |
| Interest Rate on Purchases | 13.49% p.a. | |
| Offer end date | 30 June 2013 | |
| Annual Fee | $55 p.a. | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.49% p.a. | |
| Minimum Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
|
$2,000 | |
| Max Credit Limit | $20,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | Visa | |
| Late Payment Fee | $10 | |
| Available to Temporary Residents | No | |
| Joint Application | No |
Even More Features for You
Before you are granted with your credit card, you will also be able to choose one of your favourite themes for the appearance of your product. There will be four choices for you, namely swirl, fish, water and ribbon. In this way, you will be able to identify yourself with your credit card and make it reflect your personality in one way or another, in addition to enjoying some of the most competitive rates you will ever find on the market.
And this is not all. Because of the fact that the bank will also benefit from having you as a new customer, there will also be the great opportunity for you to make a balance transfer from all your other accounts to this new financial product at a very low rate.
As a consequence, you will no longer have to worry about finding the money for paying the multiple fees associated with all your other credit card accounts, but instead all you will need to do is figure out some ways of dealing with the repayments scheduled for your BoQ product, which will represent your the one and only safe place for depositing your money.
Visa Exclusive Deals
Finally, because of the fact that after signing the contract you will become the owner of a Visa credit card, you will have the opportunity to use a great number of services designed especially for VISA customers like you. For example, with Visa Entertainment you will always have access to some exclusive range of events in your city, including concerts and movie premieres.
Furthermore, with the feature known under the name of Verified by Visa you will establish an extra security layer for your credit card and enjoy using your financial product more and more.
Terms and conditions
Fees and charges apply. Terms and conditions apply and are available upon request. Application subject to Citigroup credit assessment criteria. Transfer balance offers available only to approved new customers. Offers not available under the Home Loan Privileges Package.
1. Your total balance transfers may not exceed 80% of your credit limit. The 0% p.a. interest rate applies to balances transferred with this offer at point of application, for a period of 9 months. At the end of the balance transfer period, the interest rate on any outstanding transferred balance will revert to the BOQ Low Rate Visa Credit Card Annual Percentage Rate for cash advances, currently 21.49% p.a. Interest rates are variable and subject to change. The interest rates are current as at 1 May 2013. This offer ends 30 September 2013. Existing BOQ credit cardholders are not eligible to apply for this offer.
Citigroup Pty Ltd ABN 88 004 325 080, AFSL 238098, Australian credit licence 238098 (Citigroup) is the credit provider and issuer of BOQ Credit Cards (Credit Cards). Bank of Queensland Limited ABN 32 009 656 740 (Bank) distributes the Credit Cards under an agreement with Citigroup. The Bank does not and will not guarantee or otherwise support Citigroup’s obligations under the contracts or agreements connected with the Credit Cards. The words “we”, “us” or “our” will generally read as a reference to Citigroup, but if the context requires these words to refer to the Bank, they will refer to the Bank undertaking relevant actions or making relevant decisions for or on behalf of Citigroup.
Read the BoQ Low Rate Visa Card terms and conditions.
| Minimum Income | $25,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | Good | |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $2,000 | |
| Max Credit Limit | $20,000 |
| Annual Fee | $55 p.a. | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $10 | |
| Over Limit Fee | $30 | |
| Foreign Currency Conversion Fee | 3.4% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $15 |
Pros
- Applicants get to choose then design of their BoQ Low Rate Visa Card. There are four designs to choose from, helping card holders to match the look of their card to their personality.
Cons
- There is an additional card holder fee of $15 per card holder.
- At the end of the balance transfer period, any unpaid balances will be charged at the cash advance rate of interest instead of the lower purchase rate of interest like some other cards.
Read the BoQ Low Rate Visa Card terms and conditions.
Was this content helpful to you? No Yes
Ask a Question About This Card
10 Responses to BoQ Low Rate Visa Credit Card
Credit Cards Comparison
* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.
I declared bankruptcy 4 years ago this October and have been discharged.I am employed and earn $82000 gross.
Can i apply for a credit card?
Hi Troy
Thanks for your comment
It may be worth considering speaking to a BoQ representative in one of their branches or over the phone. They will be able to discuss your situation with you, before you decide to commit to any credit card application.
Cheers
Jeremy
Would a dual pension OF $32,000.00,
For a transfer balance of $10,000.00 Be excepted.
Thank you, Noel
Hi Noel
I would suggest speaking to BoQ Customer Service to see if they can assist.
Cheers
Jeremy
is the income requirement based on gross income, taxable income or ?
Hi,
The income requirement is based on after tax income. Cheers.
Jeremy
after waiting 20 minutes on 2 occasions today to activate my visa card my ph credit has run out. Can l activate my card on line here please ,your ph app is pathetic?
Hi Michael. Thanks for your question. Waiting time can be an irksome issue sometimes. You have to activate the card over the phone or in branch. Sorry for the late reply. Hope you’ve had better luck second time around. Jacob.
What does the balance transfer interest revert to when the 1.9% for 6 months is over?
Hi Andrea. Thanks for your question. At the end of the balance transfer period, the interest rate will revert to the cash advance rate of interest. Cheers.