Bank of Queensland's Low Rate credit card offers all the utility of a Visa credit card (including Visa Paywave) with a standard, low 13.49% purchase rate that may put even the most prudent of credit card users mind at ease. Plus there is a 0% balance transfer rate for 6 months which could help cardholders with exisiting debt pay it off faster (and interest free).
The 13.49% purchase rate and relatively 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 6 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 card to pay for goods when overseas or shopping online.
The Bank of Queensland Low Rate Visa is a great match for anyone with a practical head on their shoulders, offering all the benefits of a credit card with minimum risk of falling into a high interest debt trap.
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 6 month intro period.
13.49% p.a.
none
0% p.a. for 6 months and then 21.49% p.a.
yes
21.49% p.a.
55
$55.00
none
none
none
$30.00
3.5%, min $3.50
3.40%
$2.00
$7.00
$15.00
$30.00
2.0
4
none
Google Pay, Samsung Pay
I have dealt with BOQ for many years, whilst living in Brisbane, and overseas. I then found there is a local branch in Launceston, Tasmania and the staff continue to prove there is no problem in providing service of a friendly personal nature.
Read full reviewI have dealt with BOQ for many years, whilst living in Brisbane, and overseas. I then found there is a local branch in Launceston, Tasmania and the staff continue to prove there is no problem in providing service of a friendly personal nature.
I like my bank because they are trustworthy and super supportive of young ones.
Read full reviewI like my bank because they are trustworthy and super supportive of young ones.
Nice and good staff
Read full reviewNice and good staff
Great customer service
Read full reviewGreat customer service
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.
Read full reviewGreat 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.
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.
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American Express
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14.99% p.a.
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$59 $0 in the first year
Great Southern Bank
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11.99% p.a.
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11.99% p.a.
0% p.a. for 25 months and then 21.74% p.a.
$49 $0 in the first year
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0% p.a. for 15 months then 9.90% p.a.
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14.99% p.a.
0% p.a. for 26 months and then 14.99% p.a. (2.00% balance transfer fee)
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11.99% p.a.
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11.99% p.a.
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NAB
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0% p.a.
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