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BOQ - Low Rate Visa Credit Card

The BOQ Low Rate credit card has a purchase interest rate of 13.49% p.a. and up to 55 days interest-free on any purchases. This interest-free period does not apply when in the initial balance transfer rate (0% for 18 months) period. A 0% balance transfer fee applies and after 18 months the rate reverts to the cash advance rate of 21.49% p.a..

Compare Credit CardsProduct Image For BOQ - Low Rate Visa Credit Card
An introductory balance transfer interest rate of 0% for 18 months.
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Annual Fee

$55 per year

Balance Transfer

0% for 18 months reverts to 21.49% p.a.
0% BT fee applies.

Purchase Rate

13.49% p.a.

Interest Free Period

up to 55 days
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Details

Card Type
Visa
Minimum Repayment
2% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$2,000

Fees

Annual Fee
$55
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$15
Additional Card Holder Cap
up to 4
additional holders

Rates

Purchase Rate
13.49% p.a.
Cash Advance Rate
21.49% p.a.

Balance Transfer

Balance Transfer
0% for 18 months
reverts to 21.49% p.a.
0% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
0%
per transaction

Overseas Spending

Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
1.50% or $30
per transaction, whichever is greater

Eligibility

Minimum Age
18
years old
Minimum Income
$25,000
per year
Temporary Residents
No
Joint Application
No

Perks

Complimentary Travel Insurance
No
Airport Lounge Access
No

Who is the product designed for?

The target market for the Product is individuals who:

  • Are seeking a line of credit facility for everyday spending and that has a low interest rate.
  • Are an existing BOQ customer or are seeking to be a BOQ customer.
  • Meet eligibility criteria and serviceability requirements for the Product.
  • Are likely to carry a balance and look to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit BOQ to view Target Market Determination Effective From: 2023-10-03.

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*Tyrian Pty Ltd (ABN 91 158 954 655, credit representative number 486373), is a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856). Tyrian Pty Ltd is a wholly owned subsidiary of iSelect Pty Ltd and has partnered with Fair Comparison Pty Ltd (ABN 48 647 552 958, credit representative number 530417) who operate this website as a credit representative of QED Credit Services Pty Ltd (Australian Credit Licence 387856) to help you compare a range of credit card, personal loan and car loans. Tyrian Pty Ltd and Fair Comparison Pty Ltd may receive a commission payment if users click through, apply and/or successfully acquire a loan or credit card product from or through the provider.

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