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.
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
NAB
Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$395 $295 in the first year
Qantas Frequent Flyer
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
30,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
Bankwest
Qantas Platinum Mastercard
Qantas Frequent Flyer
$160
30,000
0.75 points up to $2,500/month, then
0.3 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
60,000
0.5 points uncapped
Bendigo Bank
Low Rate Credit Card
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
11.99% p.a.
$45
Bankwest
Breeze Mastercard
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
10.99% p.a.
$49 $0 in the first year
Westpac
Low Rate
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Citi
Rewards Credit Card
0% p.a. for 30 months and then 22.24% p.a.
21.49% p.a.
$149 $49 in the first year
Citi Rewards Program
NAB
Low Rate Card
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
12.99% p.a.
$59
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Westpac
Low Rate
13.74% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
Bendigo Bank
Low Rate Credit Card
11.99% p.a.
0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
Bankwest
Breeze Mastercard
10.99% p.a.
0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)
$49 $0 in the first year
Citi
Simplicity Credit Card
0% p.a. for 6 months then 21.49% p.a.
0% p.a. for 6 months and then 22.24% p.a.
$0
Defence Bank
Foundation Credit Card
3.99% p.a. for 6 months then 8.99% p.a.
3.99% p.a. for 6 months and then 8.99% p.a.
$45
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 20 months and then 21.74% p.a. (2.00% balance transfer fee)
$59
BankSA
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
