Thumbnail icon for Bank of Queensland

Bank of Queensland Low Rate Visa Credit Card

Purchase rate
13.49% p.a.
Balance transfer rate
0% p.a. for 6 months and then 21.49% p.a.
Annual fees
$55
Interest free days on purchases
55

Mozo editorial review Bank of Queensland Low Rate Visa Credit Card

Last updated: 1 July 2020.

binocular icon
What's hot
  • 13.49% purchase rate
  • 0% balance transfer rate for 6 months
What's not
  • 21.49% cash advance rate
Mozo snapshot

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).  

key icon
Key features

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.



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Who is it 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 benefits of a credit card with minimum risk of falling into a high interest debt trap.

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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 6 month intro period.

Details

Rates and fees information correct as at 25 October 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 13.49% p.a.

  • none

  • 0% p.a. for 6 months and then 21.49% p.a.

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $55.00

  • none

  • none

  • none

  • $30.00

  • 3.5%, min $3.50

  • 3.40%

  • $2.00

  • $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
7.3/10
Price
6.5/10
Features
6.5/10
Customer service
7.3/10
Convenience
7.6/10
Trust
7.5/10

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.

    Read full review

    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
    Less
    Emily, Queensland reviewed almost 5 years ago
  • Overall 10/10
    Amazing low rates

    Nice and good staff

    Read full review

    Nice and good staff

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lisa, Queensland reviewed almost 5 years ago
  • Overall 7/10
    good

    Great customer service

    Read full review

    Great customer service

    Price
    7/10
    Features
    5/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    6/10
    Less
    Dannielle, New South Wales reviewed about 5 years ago
  • 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 manageable. I haven't received a bill or statement for a few months though.

    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.

    Price
    4/10
    Features
    4/10
    Customer service
    6/10
    Convenience
    6/10
    Trust
    6/10
    Less
    Alan, Queensland reviewed about 5 years ago
  • Overall 9/10
    Low rates, good service

    Good service.

    Read full review

    Good service.

    Price
    9/10
    Features
    9/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Peter, Queensland reviewed about 5 years ago
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.

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