Credit Card Compare

BOQ Low Rate Visa Credit Card

Data last updated 27 July 2026
13.99%
Purchase rate
$65
Annual fee
55 days
Interest-free

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CardIQ

62Good

Good

Overall score, out of 100 · How this works

  • 55 days interest-free56
  • Balance transfer67
  • Low rate61

Customer reviews

No reviews yet. Be the first to review the BOQ Low Rate Visa Credit Card.

Pros & cons

What's good

  • 24 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.99% p.a.).
  • The 13.99% p.a. purchase rate is below the 18.99% p.a. market median.

Worth noting

  • 3.3% foreign transaction fee on overseas spending.
  • Earns no rewards points on spending.

Card details

The basics

Additional cardholder fee
$15 p.a.
Card tier
Standard
Card type
Visa
Card use
Personal
Credit limit
$2,000 – $30,000
Credit rating
Good
Rewards program
None

Eligibility

Instant approval
No
Joint application
No
Minimum age
18 years old
Minimum income
$25,000 p.a.
Residency
Permanent Australian resident and Australian resident for tax purposes
Temporary residents
Not eligible

Rates & fees

Ongoing interest rates

Cash advances
21.99% p.a.
Purchases
13.99% p.a.

Fees

Additional cardholder fee
$15
Annual fee
$65 p.a.
Cash advance fee
3.5% of the amount
Foreign transaction fee
3.3%
Late payment fee
$30

Repayments

Interest-free period
Up to 55 days on purchases
Minimum repayment
2% of the closing balance or $25, whichever is greater

Balance transfers

Can't transfer from
Bank of Queensland
Limit
Up to your available credit limit
Period
24 months
Promotional rate
0% p.a.
Revert rate
21.99% p.a.
Transfer fee
3%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

Balance transfer0% for 24 monthsTop 10% (2nd of 65 cards)
Interest-free days55 daysTop 10% (6th of 192 cards)
Purchase rate13.99%Better than most (63rd of 196 cards)
Annual fee$65 a yearMiddle of the market (90th of 200 cards)
Overseas fee3.30%Not as good as most cards (146th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare
Australian credit card statisticsHow CardIQ scores cards
Government
Product reference data (Consumer Data Right)
Issuer
Bank of Queensland