Platinum Visa Credit Card card image
Mini meca 2023

Bank of Queensland Platinum Visa Credit Card

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 12 months and then 21.74% p.a. (1.00% balance transfer fee)
Annual fees
$129 $65 in the first year
Interest free days on purchases
55

Mozo editorial review Bank of Queensland Platinum Visa Credit Card - last updated: 1 May 2024

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What's hot
  • Up to 100,000 bonus Q Rewards points on offer (conditions apply)
What's not
  • $30 late payment fee
Mozo snapshot

With the Platinum card from the Bank of Queensland, you earn Q Rewards which you'll be able to redeem for a wide range of travel, flight and gift card options. As a platinum cardholder, you'll get platinum perks like free international travel insurance and concierge service. What's more, cardholders will be able to earn as much as 100,000 bonus Q Rewards Points when they spend at least $4,500 in the first 3 months.

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Key features

The Bank of Queensland Platinum has a high 20.74% purchase rate but if you pay off your balance in full each month you get 55 interest free days. If you've got debt to carry over, there is a handy 0% rate on balance transfers for 12 months (1% balance transfer fee applies) but this reverts to the cash advance interest rate of 21.74% so be sure to knock over that debt early while the interest rate is low.

If you're a regular overseas traveller you can get good value out of this one, as the card comes with free international travel insurance, extended warranty and purchase cover insurance.

With the Bank of Queensland Q Rewards program cardholders earn 2 rewards points per dollar spent. Rather than directly linking points with an airline rewards program, with Q Rewards you can fly with any airline. You can also earn bonus points by shopping with BOQ partners. Plus, new cardholders will be able to earn up to 100,000 bonus Q Rewards Points for spending at least $4,500 on the card in the first 3 months from approval. 

The bonus points and balance transfer offers on the Platinum Visa Credit Card commenced from the 1st of December 2023 and BOQ can withdraw or change the offers at any time.


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Who is it good for

As this platinum card is not linked to any specific airline program it would suit those who prefer to play it by ear with regards to where and with what airline they travel.

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Any catches

While there is a 12-month 0% rate on balance transfers (with a 1% balance transfer fee), this reverts to the high cash advance interest rate of 21.74% if you don't dump your debt before that period.

Rewards program details

Rates and fees information correct as at 14 June 2024. 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.

What your points get you
Fly Sydney to London return

358,836 points

Fly Sydney to Melbourne one-way

23,402 points

$100 Giftcard

35,800 points

$100 Cash

50,000 points

Points earning

2 points per dollar on Visa, uncapped

Rewards scheme

Redeem your points for travel, gift cards, cashback and pay with points.

You can get flights via Virgin Australia vouchers, Flight Centre Vouchers or TakeFlight.

Special offers

Receive 100,000 points when you spend $4,500 in the first 3 months from card approval.

Value of rewards points

Spend $25,000 (Visa)

Spend $17,900 (Visa)

Spend $11,701 (Visa)

Spend $179,418 (Visa)

Uncapped

Never

How do we calculate these points?

Rate and fee details

Rates

20.74% p.a.

none

0% p.a. for 12 months and then 21.74% p.a. (1.00% balance transfer fee)

yes

21.74% p.a.

55

Fees

$129.00

$65 in the first year

none

none

$30.00

3.5%, min $3.50

3.40%

$2.00

$7.00

$0.00

Features

$25.00

2.0

4

none

Payment options

Apple Pay, Samsung Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Customer Reviews

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

Overall
7.7/10
Price
6.5/10
Features
6.5/10
Customer service
7.3/10
Convenience
7.6/10
Trust
7.5/10
Based on 357 Bank of Queensland credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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