Platinum Visa Credit Card card image

Bank of Queensland Platinum Visa Credit Card

Advertiser disclosure
Purchase rate
20.74% p.a.
Balance transfer rate
0% p.a. for 14 months and then 21.74% p.a.
Annual fees
Interest free days on purchases

Mozo editorial review Bank of Queensland Platinum Visa Credit Card - last updated: 28 October 2021

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What's hot
  • 2021 Mozo Experts Choice Award
  • Up to 120,000 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 60,000 bonus Q Rewards Points when they spend at least $3,000 in the first two months. Plus, a further 60,000 is on offer if you spend at least $10,000 in the first year.

Even better, the Platinum Visa Credit Card was the recipient of a 2021 Mozo Experts Choice Awards for best Platinum Rewards Credit Card. 

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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 14 months 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. The BOQ Platinum card also comes with a guarantee pricing scheme, which will cover you the cost of an item if it goes on sale within 60 days from when you purchased it (as long a the price difference is greater than $75).

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 120,000 bonus Q Rewards Points. This includes up to 60,000 points for spending at least $3,000 on the card in the first two months from approval and another 60,000 points for spending at least $10,000 within the first year.

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 14-month 0% rate on balance transfers, 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 22 January 2022. 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

40,000 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

Up to 120,000 points. Receive 60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year.

Value of rewards points

Spend $20,000 (Visa)

Spend $17,900 (Visa)

Spend $11,701 (Visa)

Spend $179,418 (Visa)



How do we calculate these points?
How do we calculate the rewards?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,

  • figure out how many flights or gift cards or cashback credits you could get for those points,

  • work out what that's actually worth to you,

  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.

  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.

  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.

  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.

  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.

  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.

  • Shopping rewards are based on $100 gift cards from a major national department store.

  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.


Rate and fee details


20.74% p.a.


0% p.a. for 14 months and then 21.74% p.a.


21.74% p.a.








3.5%, min $3.50










Payment options

Apple Pay, Samsung Pay

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing

Customer Reviews

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