Bank of Queensland Blue Visa Credit Card

20.74% p.a.

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

$60

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Bank of Queensland Blue Visa Credit Card Review

Rates and fees information correct as at 25 June 2018.

Review published: 11 July 2013

What's hot:

  • 0% p.a on balance transfers for 6 months

  • Rewards points that never expire

What's not:

  • 20.74% purchase rate

Mozo snapshot:

The Bank of Queensland Blue credit card offers 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.

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.

Who it's good for:

The Bank of Queensland Blue is great for anyone who likes to keep their options open and likes getting value for money.

Any catches?

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

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

Product Type Overall Rating Price Features Service Convenience Trust
7.4

Based on 137
Bank of Queensland credit cards reviews

6.6 6.6 7.3 7.7 7.7

Read Bank of Queensland credit card reviews by the Mozo community

Latest reviews of Bank of Queensland Blue Visa Credit Card

Bank of Queensland

Bank of Queensland Blue Visa Credit Card credit card review

Overall rating   10 / 10

The level of service is second to none

This bank is fantastic due to its owner franchises.

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 (QLD), reviewed almost 2 years ago

Bank of Queensland

Bank of Queensland Blue Visa Credit Card credit card review

Overall rating   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.

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 (QLD), reviewed almost 2 years ago

Bank of Queensland

Bank of Queensland Blue Visa Credit Card credit card review

Overall rating   9 / 10

Thank you

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

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 (QLD), reviewed about 2 years ago

Bank of Queensland

Bank of Queensland Blue Visa Credit Card credit card review

Overall rating   5 / 10

Staff need to be better trained.

I have accounts at this Bank but despite having quite a large sum of money in other accounts and a term deposit they turned me down for a Credit Card which I already have with another Bank. I pay off my card every month and have never owed them...

Full review

I have accounts at this Bank but despite having quite a large sum of money in other accounts and a term deposit they turned me down for a Credit Card which I already have with another Bank. I pay off my card every month and have never owed them or anyone else any money.

    Price   5 / 10

    Features   5 / 10

    Customer service   0 / 10

    Convenience   8 / 10

    Trust   5 / 10

Less

Katrina (QLD), reviewed over 2 years ago

Bank of Queensland

Bank of Queensland Blue Visa Credit Card credit card review

Overall rating   9 / 10

Great customer service great rates.

Always helpful nothing too much travel.

Full review

Always helpful nothing too much travel.

    Price   9 / 10

    Features   9 / 10

    Customer service   -1 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Ellen (QLD), reviewed over 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

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.

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.

Privileges

  • Purchase Protection
  • Guaranteed Pricing

Value of rewards points

  • Need to spend $40,000 (Visa)

  • Need to spend $35,800 (Visa)

  • Need to spend $23,402 (Visa)

  • Need to spend $358,836 (Visa)

  • at 65,000 points yearly

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, up to 65000 points per year

  • 40000 points buys a $100 credit

  • 35800 points buys a Myer $100 Gift Card

  • 1 points buys 0.3333 Velocity Points; 7800 Velocity Points buys a Virgin Australia Sydney-Melbourne flight

  • 1 points buys 0.3333 Velocity Points; 119600 Velocity Points buys a Velocity partner Sydney-London flight

* How did we do it? Find out...

Rates

  • 20.74% p.a.

  • none

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

  • yes

  • 21.74% p.a.

  • 44

Fees

  • $60.00

  • none

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $7.00

  • $15.00

Other financial bits

  • $30.00

  • 2.0

Features

  • 4

  • none

  • none

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.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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