Bank of Queensland

Bank of Queensland Blue Visa Credit Card

Purchase rate

20.74% p.a.

Balance transfer rate

0% p.a. for 6 months and then 21.74% p.a.

Annual fee

$60

Rewards program

Q Rewards

Bank of Queensland Blue Visa Credit Card

Purchase rate

20.74% p.a.

Balance transfer rate

0% p.a. for 6 months and then 21.74% p.a.

Annual fee

$60

Rewards program

Q Rewards

Details

Details

Mozo Review Bank of Queensland Blue Visa Credit Card Review

Last updated: 2 October 2018.

What's hot:

0% p.a on balance transfers for 6 months
Rewards points that never expire
$120 cashback if you spend $500 per month for the first 3 months

What's not:

20.74% purchase rate

Mozo snapshot:

The Bank of Queensland Blue credit card offers rewards earning potential and an enticing 0% balance transfer rate for 6 months. But once the balance transfer period ends, you'll want to get into the habit of paying your balance off in full every month to avoid the 21.74% cash advance rate. And at the moment, if you spend $500 per month on retail purchases for the first 3 months, you can score $120 cashback.

Key features:

You'll get 44 interest free days on purchases with your Bank of Queensland Blue Visa credit card. But set yourself up with Easi-Pay and you can automatically either have your balance paid off in full or even just make the minimum repayments, taken straight from your everyday bank account (even from a non-Bank of Queensland account.) This could be a great way to make sure you avoid the 20.74% purchase rate.

The annual fee is fairly average at $60 a year, but according to Mozo's rewards revealer, with an annual spend of $16,000 or more, you'll be getting value back on your rewards points.

For every dollar you spend the Bank of Queensland Blue will give one point towards redeeming on either gift cards, retail rewards or Virgin Australia, Flight Centre and TakeFlight vouchers. Your rewards points never expire but there is a $65,000 p.a. points cap.

Plus, you'll also get bonus perks such as purchase cover insurance for most goods you buy on your Bank of Queensland Blue Visa credit card that are lost, stolen or damaged within three months of being purchased. And if you hate buying an item at full price, only to see it on sale a week later, you'll be guaranteed a refund of up to $500 on eligible store bought purchases that go on sale after you've bought the item.

And at the moment, you can snag $120 cashback by spending $500 per month on retail purchases for the first 3 months of having the card.

Who it's good for:

The Bank of Queensland Blue is great for spenders looking for a budget-friendly plastic option with rewards earning potential.

Any catches?

If you don't like the 20.74% purchase rate, you'll like the 21.74% cash advance rate even less.

Rewards program details

Rates and fees information correct as at 19 October 2018.

What your points get you

Fly Sydney to London

358,836 points

Fly Sydney to Melbourne

23,402 points

$100 Giftcard

32,300 points

$100 Cash

40,000 points

Points earning

1 point per dollar on Visa, uncapped

Rewards scheme

Redeem your points for travel, gift cards, retail rewards and shopping vouchers.

You can get flights via Virgin Australia vouchers, Flight Centre Vouchers or TakeFlight.

Value of rewards points

Earn $100 cash back reward

Spend $40,000 (Visa)

Earn $100 gift card reward

Spend $32,300 (Visa)

Earn Flight: Sydney-Melbourne reward

Spend $23,402 (Visa)

Earn Flight: Sydney-London reward

Spend $358,836 (Visa)

Are points capped?

Uncapped

Do points expire?

Never

How do we calculate these points?

How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.

More details:

Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rate and fee details

Rates

Purchase rate

20.74% p.a.
Intro purchase rate

none
Balance transfer rate

0% p.a. for 6 months and then 21.74% p.a.
Balance transfer revert to cash

yes
Cash advance rate

21.74% p.a.
Interest free days

44

Fees

Annual card fee

$60.00
Introductory annual fee

none
Annual fee spend threshold

none
Reward program fee

none
Late payment fee

$10.00
Cash advance fee

3.5%, min $3.50
Foreign exchange margin

3.40%
Duplicate statement fee

$7.00
Transaction verification fee

$7.00
Additional card fee

$15.00

Features

Minimum repayment amount

$30.00
Minimum repayment percent

2.0
Additional cardholders

4
Other restrictions

none

Payment options

Samsung Pay

Rewards privileges

Purchase Protection,
Guaranteed Pricing

Other benefits

Apply by 31 January 2019 and recevie $120 cashback if you spend $500 per month on retail purchases for the first 3 months.

Customer Reviews

How are Bank of Queensland credit cards rated by the Mozo community?

Overall customer rating

7.2/10

Based on 342 Bank of Queensland credit card reviews

Price

6.5/10

Features

6.5/10

Customer service

7.3/10

Convenience

7.6/10

Trust

7.5/10

Latest reviews of Bank of Queensland Blue Visa Credit Card

Overall

10/10

The level of service is second to none

This bank is fantastic due to its owner franchises.

Read full review

This bank is fantastic due to its owner franchises.

Price

8/10

Features

10/10

Customer service

10/10

Convenience

8/10

Trust

10/10

Less

Jim | Queensland

reviewed about 2 years ago
Overall

9/10

I have found them outstanding.

I have found them outstanding in customer service & able to help on the phone with all my inquiries.

Read full review

I have found them outstanding in customer service & able to help on the phone with all my inquiries.

Price

7/10

Features

7/10

Customer service

9/10

Convenience

7/10

Trust

9/10

Less

Jimmy | Queensland

reviewed over 2 years ago
Overall

9/10

Thank you

The service is just the best in my local bank in Agnes water

Read full review

The service is just the best in my local bank in Agnes water

Price

10/10

Features

10/10

Customer service

10/10

Convenience

9/10

Trust

10/10

Less

Shelley | Queensland

reviewed over 2 years ago
Overall

10/10

Customer service beyond belief

you feel wanted

Read full review

you feel wanted

Price

8/10

Features

8/10

Customer service

10/10

Convenience

10/10

Trust

10/10

Less

Douglas | Queensland

reviewed almost 3 years ago
Overall

8/10

Great customer service.

The people are always so friendly when you go in, it is reasonably priced.

Read full review

The people are always so friendly when you go in, it is reasonably priced.

Price

8/10

Features

7/10

Customer service

10/10

Convenience

6/10

Trust

10/10

Less

Brianna | Queensland

reviewed almost 3 years ago

Bank of Queensland

About Bank of Queensland

Bank of Queensland is Australia's fastest growing retail bank, and has come a long way from its origins as a regional Queensland bank. BOQ today boasts a wide array of banking services and 200 branches around Australia. Bank of Queensland aims to give you greater control over the management of your finances and offers everyday banking products including credit cards, home loans, term deposits, savings accounts and bank accounts.

See Bank of Queensland credit cards

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balance transfer rate

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purchase rate

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annual fee

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Bank of Queensland Blue Visa Credit Card

Mozo Review Bank of Queensland Blue Visa Credit Card Review

What's hot:

What's not:

Mozo snapshot:

Key features:

Who it's good for:

Any catches?

Rewards program details

What your points get you

Points earning

Rewards scheme

Value of rewards points

How do we calculate the rewards?

Rate and fee details

Rates

Fees

Features

Payment options

Rewards privileges

Other benefits

Customer Reviews

How are Bank of Queensland credit cards rated by the Mozo community?

Overall customer rating

Latest reviews of Bank of Queensland Blue Visa Credit Card

The level of service is second to none

I have found them outstanding.

Thank you

Customer service beyond belief

Great customer service.

About Bank of Queensland