BOQ Low Rate Visa Credit Card

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BOQ Low Rate Visa Credit Card
Rated by 3 people
Low rate credit card at 13.49% p.a. ongoing.
Up to 55 days on purchases interest-free.
Visa payWave.
6 months
0% p.a.
then 21.49%
13.49% p.a.
saved over 6 months
Pros & Cons
Our Review
User Reviews
Rates & Fees
Rewards & Points
What You'll Need
Similar Cards

The Pros

0% p.a. balance transfers for 6 months.
The 13.49% p.a. is one of the lower purchase rates on the site.
The annual fee is just $55 p.a., which is about average for this type of card.
Up to 55 days on purchases interest-free.
Add up to 4 additional cardholders.
Choose from a range of designs.

The Cons

Any remaining balance transfer will revert to the cash advance rate, currently 21.49% p.a.
It costs $15 p.a. per additional card on the account.
No rewards on this card.
Joint applications are not allowed.

Our review of the BOQ Low Rate Visa Credit Card

The Bank of Queensland’s Low Rate Visa credit card has an attractive annual fee and a very competitive interest rate on both balance transfers and purchases, a combination that’s rare in Australia. It has automatic credit transfer to other accounts to avoid overdraft fees and no additional costs such as those of a rewards program. This is a low rate card by name, and it more than delivers.


The biggest draw of the BOQ Low Rate credit card is the price. A popular card for a reason, this one boasts one of the lowest standard purchase rates (13.49% p.a.)and a low annual fee to go with it. You still get up to 55 days interest free, the convenience of Visa’s worldwide acceptance and it is a great card to help you get your debt down as fast as possible.

Currently the card has a great introductory deal where you pay a $55 p.a. annual fee for the first year and get a really low interest rate on balance transfers at 0% p.a. for 6 months.

The card doesn’t have a rewards program, but this can be a plus when you’re trying to save money. Rewards programs can be complicated and you have to spend a small fortune to get anywhere anyway, not to mention, some actually cost extra just to be a member. This Low Rate credit card from Bank of Queensland is purpose built to save you money and offers you low cost simplicity.

In terms of security and convenience you’ll get 24 Hour EasyPhone access, as well as of course, online banking. And if you lose your card, you’ll have it replaced in 24 hours within Australia. Fraudshield is also standard for this card, making sure you’re informed about any suspicious activity on your account preventing any fraudulent use.

With the Bank of Queensland Low Rate Visa credit card, you will also be entitled to the Credit Card Saver feature where automatic credit card repayments can be made with Easi-Pay. This can help you stay on track and avoid interest charges and extra fees if you choose to pay your account balance in full. You can also choose to just pay the minimum amount due, or go for a fixed amount, set by you, from your nominated account on a monthly basis. Another help enabling you to track and reduce your debt.

Last but not least, you can pick your own funky design from 4 colourful options: water, ribbon, swirl and fish.


As mentioned, there is no rewards program on this card, nor insurances or anything fancy. But you’re not paying for that either and with the introductory offer, who’d complain?

Speaking of introductory offers, the BOQ Low Rate credit card’s balance transfer offer, which is one of the most sought after features of any card, is not the most competitive. On the broader market it’s possible to find 0% balance transfer deals that last for longer.

Also, the minimum income requirement of $25,000 is a bit higher than that of other low rate offers such as the ANZ Low Rate MasterCard and Aussie MasterCard. However, it’s still well within reach of most people.


For a low income earner or someone who’s racked up a bit of debt and wants to get on top of things, this card is well worth your consideration. There’s no denying that this potent combination of interest rates is in a league of its own.

How well does it rate with reviewers?

out of 5.0
based on 3 reviews
Rates and fees
Customer service
Happy overall
- Okay
Reviewer: Sue posted this review on 23 Jul 2015
Recommend this card: yes

We use this as our day to day credit card. We prefer it over other cards as it has a lower interest rate. We are not reward users and therefore find this card the most suitable to our needs. The online banking is easy to use. We have not considered changing.

Low interest rate
Can't think of anything specific to this card

Bank of Queensland is a great bank
- Good
Reviewer: paige posted this review on 31 Mar 2014
Recommend this card: yes

I really love the card it has pay pass and its easy to use, it has a good design and they have great customer service its also a small and trustworthy branch I would definitely recommend this bank to all of my friends and family it also has a lot of ATM machines around.

Fast Internet banking and easy to use card and stylish too
Nothing at all

Great service and easy to use
- Okay
Reviewer: Leonard posted this review on 13 Aug 2013
Recommend this card: yes

Great service and easy to use, staff are always friendly and the website is easy to use and very convenient. There are a lot of agencies especially in Cairns and there are a lot of ATM available especially the red ATM. I use the website mostly and I am happy with the new upgrade of the site…

Internet banking

Rates & Fees

Additional Card Fee
$15 p.a.
Additional Cardholders
Annual Fee
$55 p.a.
Balance Transfer Fee
Balance Transfer Limit
Balance Transfer Period
6 months
Balance Transfer Rate
0% p.a.
Card Setup
Card Tier
Card Type
Card Use
Cash Advance Fee
Cash Advance Rate
21.49% p.a.
Dishonour Fee
Duplicate Statement Fee
Foreign Exchange Fee
Gambling Transactions Allowed
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Intro Purchase Period
Intro Purchase Rate
Late Payment Fee
Maximum Credit Limit
Minimum Credit Limit
Minimum Repayment
Over Limit Fee
Overseas ATM Balance Fee
Overseas ATM Withdrawal Fee
Overseas Emergency Card Replacement Fee
Purchase Rate
13.49% p.a.
Transaction Verification Fee

Rewards & Points

Airport Lounge Access
Complimentary Flight Voucher
Frequent Flyer Points (AmEx)
Frequent Flyer Points (MC/VISA)
Overseas Earn Rate (AmEx)
Overseas Earn Rate (MC/VISA)
Points Cap Per Month (AmEx)
Points Cap Per Month (MC/VISA)
Points Cap Per Year (AmEx)
Points Cap Per Year (MC/VISA)
Reward Points (AmEx)
Reward Points (MC/VISA)
Rewards Program
Sign Up Bonus


Extended Warranty Insurance
International Travel Insurance
Interstate Flight Inconvenience
Personal Item Theft Cover
Price Protection Insurance
Purchase Protection Insurance
Transport Accident Insurance
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product.

Minimum criteria for this card

Be over 18 years old
Earn a regular income of more than $25,000 per year
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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