Bank of Queensland Platinum Visa Credit Card
20.74% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$129 $0 when you spend over $12,000 p.a, $0 in the first year
Q Rewards
Bank of Queensland Platinum Visa Credit Card
20.74% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$129 $0 when you spend over $12,000 p.a, $0 in the first year
Q Rewards
Bank of Queensland Platinum Visa Credit Card
20.74% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$129 $0 when you spend over $12,000 p.a, $0 in the first year
Q Rewards
Mozo Review Bank of Queensland Platinum Visa Credit Card Review
Last updated: 5 November 2018.
What's hot:
$0 annual fee for first year ($129 after)
Up to 12,000 bonus Q Rewards points (1,000 points every month you spend $1,000 for the first 12 months)
What's not:
Capped points
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 giftcard options. As a platinum cardholder, you'll get platinum perks like free international travel insurance and concierge service but points are capped at 240,000 a year. What's more, for each month you spend $1,000 in the first 12 months after card approval, your rewards stash will be pumped up by 1,000 bonus points.
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 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.
You can snag this card with no annual fee at all for the first year. While the ongoing annual fee is $129, each year you spend at least $12,000 on your card, this fee will be waived.
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, for every month you spend $1,000 on your card in the first 12 months, you can snag a bonus 1,000 Q Rewards points - that's a potential 12,000 extra points in your stash!
Who it's 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.
Any catches?
Points are capped at 240,000 each year which equates to an annual spend of $120,000. But the good news is that with the BOQ platinum card points never expire so you can save them up and go on an rewarding round the world holiday when it suits you.
Rewards program details
Rates and fees information correct as at 21 January 2019. 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, retail rewards and shopping vouchers.
You can get flights via Virgin Australia vouchers, Flight Centre Vouchers or TakeFlight.
Special offers
Receive 1,000 bonus Q Rewards points every month when you spend $1,000 per month on Eligible Transactions for the first 12 months.
Value of rewards points
Spend $20,000 (Visa)
Spend $17,900 (Visa)
Spend $11,701 (Visa)
Spend $179,418 (Visa)
Uncapped
Never
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
Rates
-
20.74% p.a.
-
none
-
0% p.a. for 12 months and then 21.74% p.a.
-
yes
-
21.74% p.a.
-
55
Fees
-
$129.00
-
$0 in the first 1 year
-
12000
-
none
-
$10.00
-
3.5%, min $3.50
-
3.40%
-
$7.00
-
$7.00
-
$0.00
Features
-
$30.00
-
2.0
-
4
-
none
Payment options
Samsung Pay
Rewards privileges
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing
Customer Reviews
How are Bank of Queensland credit cards rated by the Mozo community?
Latest reviews of Bank of Queensland Platinum Visa Credit Card
- Overall9/10
Superb Customer Service
The bank staff treat you as if you matter to them
Read full review
The bank staff treat you as if you matter to them
Price8/10Features8/10Customer service9/10Convenience9/10Trust9/10Less
Cheryl | Western Australia
reviewed over 2 years ago
- Overall8/10
Great customer service
Excellent customer service. Very few branches so it's not always convenient
Read full review
Excellent customer service. Very few branches so it's not always convenient
Price5/10Features7/10Customer service10/10Convenience2/10Trust8/10Less
Greg | Victoria
reviewed about 3 years ago
- Overall9/10
So many benefits, I can't use them all!
Great benefits with the platinum card and competitive rates.
Read full review
Great benefits with the platinum card and competitive rates.
Price6/10Features10/10Customer service6/10Convenience8/10Trust10/10Less
Cam | Victoria
reviewed over 3 years ago
- Overall9/10
Personal service
Friendly personal service from friends.
Read full review
Friendly personal service from friends.
Price-1/10Features3/10Customer service9/10Convenience8/10Trust9/10Less
Rod | Queensland
reviewed over 3 years ago
- Overall5/10
Very ordinary.
This bank is very ordinary, no great competitive rates or anything interesting or follow advice.
Read full review
This bank is very ordinary, no great competitive rates or anything interesting or follow advice.
Price5/10Features7/10Customer service4/10Convenience4/10Trust5/10Less
Margaret | Queensland
reviewed over 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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