Bank of Queensland Low Rate Visa Credit Card

13.49% p.a.

0% p.a. for 12 months and then 21.49% p.a.

$55

n/a

Bank of Queensland Low Rate Visa Credit Card

13.49% p.a.

0% p.a. for 12 months and then 21.49% p.a.

$55

n/a

Mozo Review   Bank of Queensland Low Rate Visa Credit Card Review

Last updated: 1 September 2017.

What's hot:
  • 13.49% purchase rate

  • 0% balance transfer rate for 12 months

What's not:
  • 21.49% cash advance rate

  • Balance transfer reverts to cash rate

Mozo snapshot:

Bank of Queensland's Low Rate credit card offers all the utility of a Visa credit card (including Visa Paywave) with standard low 13.49% purchase rate that will put even the most prudent of credit card users mind at ease. Plus there is a 0% balance transfer rate for 12 months so if you have credit card debt on an existing card you can transfer it over and pay it off fast interest free.  

Key features:

The 13.49% purchase rate and low $55 annual fee justify this credit card's Low Rate title but the practicalities don't stop there.

If you're looking to move any existing credit card debt over to a better rate the 0% balance transfer offer for 12 months could be the answer. If you take up the balance transfer, be sure to pay it off in the interest free period, otherwise you will find yourself paying the high cash advance rate of 21.49% on the remaining balance.

And although the Bank of Queensland Low Rate Visa offers 55 days interest free on purchases, there is a sure fire way to make sure your balance is paid off by the deadline. Sign up for Easi-Pay and have your repayments automatically deducted straight from your everyday transaction account at the end of every month.

However, using the Bank of Queensland Low Rate Visa at the hole in the wall could leave a large hole in your pocket, with all cash advances charged at a high 21.49%.

Similarly, consider the 3.40% foreign exchange margin before using your Bank of Queensland Low Rate to pay for goods when overseas or shopping online.



Who it's good for:

The Bank of Queensland Low Rate Visa is a great match for anyone with a practical head on their shoulders, offering all the benfits of a credit card with minimum risk of falling into a high interest debt trap.

You'll also need a minimum income of $25,000 to apply for the BOQ Low Rate Card.

Any catches?

If you take up the balance transfer offer be sure to keep your eye on the diary or you could find yourself paying the high 21.49% cash advance rate at the end of the 12 month intro period.

Details

Rates and fees information correct as at 21 August 2018.

Rates
  • 13.49% p.a.

  • none

  • 0% p.a. for 12 months and then 21.49% p.a.

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $55.00

  • none

  • none

  • none

  • $10.00

  • 3.5%, min $3.50

  • 3.40%

  • $7.00

  • $7.00

  • $15.00

Features
  • $30.00

  • 2.0

  • 4

  • none

Payment options

Samsung Pay

Customer Reviews

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

Overall customer rating
7.4/10
Price
6.6/10
Features
6.6/10
Customer service
7.4/10
Convenience
7.7/10
Trust
7.7/10

Latest reviews of Bank of Queensland Low Rate Visa Credit Card

  • Overall
    5/10
    Great service

    I like my bank because they are trustworthy and super supportive of young ones.

    I like my bank because they are trustworthy and super supportive of young ones.

    Price
    4/10
    Features
    4/10
    Customer service
    4/10
    Convenience
    7/10
    Trust
    5/10

    Emily | QLD

    24 Nov 2015

  • Overall
    10/10
    Amazing low rates

    Nice and good staff

    Nice and good staff

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10

    Lisa | QLD

    15 Dec 2015

  • Overall
    6/10
    Great credit card, poor statement and bill deliver

    Great credit card, poor statement and bill delivery. The fees are explained well and very...

    Great credit card, poor statement and bill delivery. The fees are explained well and very manageable. I haven't received a bill or statement for a few months though.

    Price
    4/10
    Features
    4/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10

    Alan | QLD

    16 Oct 2015

  • Overall
    9/10
    Low rates, good service

    Good service.

    Good service.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10

    Peter | QLD

    25 Sep 2015

  • Overall
    8/10
    Not one of the greedy big four.

    Ease of internet banking. Open for business hours. Clean and friendly premises. Helpful staff.

    Ease of internet banking. Open for business hours. Clean and friendly premises. Helpful staff.

    Price
    4/10
    Features
    2/10
    Customer service
    2/10
    Convenience
    8/10
    Trust
    -1/10

    Sean | QLD

    18 Sep 2015

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