BOQ - Platinum Visa Credit Card
The BOQ Platinum Rewards credit card earns 2 Q Rewards Points per $1 spent on eligible purchases. There are up to 44 days interest-free on any purchases made. This interest-free period does not apply when the introductory balance transfer rate is active.
The balance transfer rate for the first 12 months is 0% p.a. and has a 1% fee. The rate reverts to 21.99% p.a. after this time.
There is an introductory balance transfer rate of 0% for 12 months and a bonus 100,000 points when $4,500 is spent in the first 3 days.
Annual Fee
$75 for the first year reverts to $149 per year thereafter
Balance Transfer
0% for 12 months reverts to 21.99% p.a.
1% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
1% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
Purchase Rate
20.99% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Visa
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$6,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$75 for the first year
reverts to $149 per year thereafter
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
20.99% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer
0% for 12 months
reverts to 21.99% p.a.
1% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
1% BT fee applies. No interest free days apply to retail purchases while you have a Balance Transfer
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
1%
per transaction
Transfer Interest Free Days
No
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
1.50% or $30
per transaction, whichever is greater
Eligibility
Minimum Age
18
years old
Minimum Income
$35,000
per year
Temporary Residents
No
Rewards
Program
BOQ Q Rewards
Types
Gift cards, Cashback
Bonus
100,000 bonus points
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On eligible purchases
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who:
- Are seeking a line of credit facility for everyday spending to earn Rewards Points and make use of complimentary insurances.
- Are an existing BOQ customer or are seeking to be a BOQ customer.
- Meet eligibility criteria and serviceability requirements for the Product.
- Are unlikely to hold substantial balances for prolonged periods except to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit BOQ to view Target Market Determination Effective From: 2024-10-31.
