Loading ...
Publicidade

Publicidade

The BOQ Platinum Visa Credit Card is designed for those seeking premium benefits, rewards, and security. It offers a wide range of features that cater to both everyday spending and more specialized financial needs, making it a versatile tool for cardholders.

APPLY NOW

Whether you’re looking for travel perks, purchase protection, or reward points, this card offers a robust package. Below is a comprehensive breakdown of the card’s key features, recent updates, and important considerations for potential applicants.

Key features

  1. Q Rewards Program
    One of the standout features of the BOQ Platinum Visa Credit Card is its rewarding Q Rewards program. Cardholders can earn 2 Q Rewards points for every dollar spent on eligible purchases⁴. These points can be redeemed for various rewards, including vouchers, or converted into Flybuys or Velocity points, offering great flexibility.

    • 100,000 Bonus Q Rewards Points: New cardholders can earn 100,000 bonus Q Rewards points when they spend $4,500 on eligible transactions within the first three months of card approval.
  2. Interest-Free Period and Balance Transfers
    The card offers up to 44 days interest-free on purchases, giving cardholders more time to pay off their balances without incurring interest.
    For those looking to consolidate debt, the BOQ Platinum Visa Credit Card offers a 0% p.a. balance transfer for 12 months, subject to a 1% transfer fee. After the introductory period, the balance transfer reverts to the card’s cash advance rate, and it’s important to note that no interest-free days apply while a balance transfer is active.
  3. Comprehensive Insurance Coverage
    The BOQ Platinum Visa Credit Card comes with various insurance benefits, including international and domestic travel insurance. This covers medical expenses, trip cancellations, and other travel-related incidents for you and your family when traveling.

    • Purchase Protection Insurance: This covers items lost, stolen, or damaged within 90 days of purchase. It’s a valuable feature for those who frequently shop for high-value items.
  4. Instalment Plans
    With the BOQ Platinum Visa Credit Card, you can convert large purchases into manageable monthly instalments. This feature makes it easier to budget for bigger expenses, spreading the cost over a longer period with a fixed payment schedule. The flexibility of installment plans can be a great benefit for those who want to avoid carrying a large balance that accrues interest.

Rates, Fees, and Charges

Understanding the costs associated with the BOQ Platinum Visa Credit Card is essential for determining if it suits your financial needs. Below is a breakdown of the current and upcoming rates and fees:

  • Annual Fee: $75 for the first year, increasing to $149 p.a. in subsequent years.
  • Purchase Interest Rate: 20.74% p.a., rising to 20.99% p.a.
  • Cash Advance Interest Rate: Currently 21.74% p.a., set to increase to 21.99% p.a.
  • Interest-Free Period: Up to 44 days, for purchases made without an active balance transfer.
  • Balance Transfer Offer: 0% p.a. on balance transfers for 12 months, with a 1% transfer fee. After the promotional period, the interest rate will revert to the cash advance rate.

Rewards and Redemptions

The Q Rewards program is one of the main attractions of the BOQ Platinum Visa Credit Card. Here’s a look at the ways you can maximize your points:

Advertisements
Advertisements
  1. Gift Vouchers: Redeem points for eVouchers from a variety of popular retailers, such as Coles and Bunnings, allowing you to shop with ease.
  2. Flybuys and Velocity Points: For frequent flyers or shoppers, you can convert your Q Rewards points into Flybuys or Velocity Points, further enhancing the value of the rewards program.

Additional Perks for BOQ Customers

If you have a home loan with BOQ, you could benefit from waived fees on the BOQ Platinum Visa Credit Card. Specifically, no annual fee will apply as long as you maintain an eligible BOQ home loan⁷. This offer is exclusive to in-branch applications and cannot be combined with any other promotions.

APPLY NOW

Eligibility Criteria and Application Process

To apply for the BOQ Platinum Visa Credit Card, applicants must meet several eligibility criteria:

  • Age: You must be at least 18 years old.
  • Income: A minimum taxable income of $35,000 per year is required.
  • Credit Rating: A good credit rating is necessary to qualify for the card.
  • Residency: Applicants must be permanent Australian residents or citizens.

When applying, you’ll need to provide certain documentation, including your income and expense details, your driver’s license number, and your employment information.

If you plan to transfer a balance from another card, you’ll also need your balance transfer account details. It’s important to note that the total balance transfer amount cannot exceed 80% of your credit limit.

Pros and Cons

Pros

  • Generous Q Rewards program: Earn 2 points per $1 spent on eligible purchases and 100,000 bonus points after meeting the initial spending threshold.
  • Comprehensive insurance: Offers both purchase protection and travel insurance, which can save cardholders on additional insurance costs.
  • Balance transfer offer: The 0% p.a. balance transfer offer for 12 months with a 1% fee can help manage existing debt.

Cons

  • Higher annual fee: The annual fee increases to $149, which may be steep for some users, particularly those not fully utilizing the card’s premium benefits.
  • Interest rate hike: The new interest rates, particularly the 20.99% p.a. on retail purchases, are relatively high and may be a concern for those who carry a balance.

Conclusion

The BOQ Platinum Visa Credit Card offers a range of attractive benefits for those looking for a premium credit card with a strong rewards program, comprehensive insurance coverage, and flexible payment options.

However, it’s essential to consider the upcoming fee and interest rate changes, especially if you’re likely to carry a balance or use cash advances.

For those who frequently travel or shop and are looking to earn rewards, this card presents solid value, particularly with the bonus Q Rewards points and the option to waive fees for BOQ home loan customers.

If you meet the eligibility criteria and can take full advantage of its features, the BOQ Platinum Visa Credit Card may be the right fit for your financial needs.

APPLY NOW

About the author

Related content

Platinum Visa G&C Mutual Bank
Tercília Ribeiro July 4, 2025

How to apply for your Platinum Visa G&C Mutual Bank

Get to know the Platinum Visa G&C Mutual Bank: earn rewards, enjoy 24/7 concierge, and benefit from generous limits with full transparency.
Qantas American Express Discovery Card
talita melz June 25, 2025

How to apply for your Qantas American Express Discovery Card

Turn everyday spending into travel rewards with the Qantas American Express Discovery — no annual fee and up to 1.75 Qantas Points per $1 spent. ...
Low Rate Visa Credit Card
talita melz June 23, 2025

How to apply for your Low Rate Visa Credit Card

7.49% p.a. purchase rate, up to 50 days interest-free, global Visa acceptance, digital wallet compatible, and a low $50 annual fee. ...
American Express Explorer Credit Card
talita melz June 11, 2025

How to apply for your American Express Explorer Credit Card

Amex Explorer: 2 pts por $1, $400 em crédito de viagem, seguro, lounges, recompensas e até 55 dias sem juros. Valor premium no dia a dia. ...
Credit and Debit Cards
Vinicius Bronze January 9, 2025

Credit and Debit Cards: How to Choose the Best One for Your Needs

Most Australians carry credit cards, but choosing the right one can be tricky. Discover how to match your card to your lifestyle and needs
5 Best Easy Pass Credit Cards in Australia
Vinicius Bronze October 29, 2024

5 Best Easy Pass Credit Cards in Australia

Easy Pass credit cards provide low fees and interest rates, perfect for practical users. This article reviews five top options in Australia