Bank of Queensland Low Rate Visa Credit Card
13.49% p.a.
0% p.a. for 14 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 14 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 14 months and then 21.49% p.a.
$55
n/a
Mozo Review Bank of Queensland Low Rate Visa Credit Card Review
Last updated: 2 October 2018.
What's hot:
13.49% purchase rate
0% balance transfer rate for 14 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 14 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 14 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 14 month intro period.
Details
Rates and fees information correct as at 20 October 2018.
Rates
-
13.49% p.a.
-
none
-
0% p.a. for 14 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?
Latest reviews of Bank of Queensland Low Rate Visa Credit Card
- Overall10/10
Amazing low rates
Nice and good staff
Read full review
Nice and good staff
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Lisa | Queensland
reviewed almost 3 years ago
- Overall5/10
Great service
I like my bank because they are trustworthy and super supportive of young ones.
Read full review
I like my bank because they are trustworthy and super supportive of young ones.
Price4/10Features4/10Customer service4/10Convenience7/10Trust5/10Less
Emily | Queensland
reviewed almost 3 years ago
- Overall7/10
good
Great customer service
Read full review
Great customer service
Price7/10Features5/10Customer service6/10Convenience7/10Trust6/10Less
Dannielle | New South Wales
reviewed about 3 years ago
- Overall6/10
Great credit card, poor statement and bill deliver
Great credit card, poor statement and bill delivery. The fees are explained well and very...
Read full review
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.
Price4/10Features4/10Customer service6/10Convenience6/10Trust6/10Less
Alan | Queensland
reviewed about 3 years ago
- Overall9/10
Low rates, good service
Good service.
Read full review
Good service.
Price9/10Features9/10Customer service9/10Convenience9/10Trust9/10Less
Peter | Queensland
reviewed about 3 years ago
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.
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