Credit Card Compare

BOQ Platinum Visa Credit Card

Data last updated 27 July 2026
20.99%
Purchase rate
$75
Annual fee
100,000
Bonus points

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CardIQ

55Good

Good

Overall score, out of 100 · How this works

  • Balance transfer53
  • Frequent flyer57
  • Rewards55
  • Sign-up bonus54
  • Velocity Points57

Customer reviews

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

Pros & cons

What's good

  • 100,000 bonus points to start, worth around $500 at our 0.5c-per-point valuation.
  • 12 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.99% p.a.).
  • Points transfer to Flybuys and Velocity Frequent Flyer.
  • No fee to add an additional cardholder.

Worth noting

  • The annual fee increases from $75 to $149 in the second year.
  • The 20.99% p.a. purchase rate sits in the most expensive quarter of cards (the median is 18.99% p.a.) if you carry a balance.
  • 3.3% foreign transaction fee on overseas spending.
  • Up to 44 interest-free days on purchases (below the 55-day median).

Card details

The basics

Additional cardholder fee
$0 p.a.
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit limit
$6,000 – $100,000
Credit rating
Good
Rewards program
Q Rewards

Eligibility

Instant approval
No
Joint application
No
Minimum age
18 years old
Minimum income
$35,000 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
20.99% p.a.

Fees

Additional cardholder fee
$0
Annual fee
$75 p.a.
Annual fee (year 2+)
$149 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 44 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
12 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

Earn rate

Everyday spend
2 pts per $1
Bonus categories
None
Other purchases
None
Overseas spend
None
ATO/government
None
Reduced rate above monthly cap
None
Points cap
Uncapped
Points expiry
—

Sign-up bonus

Bonus spend required
$4,500 in 90 days
Sign-up bonus
100,000 points

Transfer partners

Flybuys
2 pts → 1 pt (≈ 1 pt per $1)
Velocity Frequent Flyer
3 pts → 1 pt (≈ 0.67 pts per $1)

Where these points could take you

Auckland
Flying Virgin Australia non-stop, using transferred Velocity points. Economy 17,900 pts, Business 35,500 pts.
Los Angeles
Flying United Airlines non-stop, using transferred Velocity points. Economy 48,000 pts.
Singapore
Flying Singapore Airlines non-stop, using transferred Velocity points. Economy 29,000 pts.
Tokyo
Flying All Nippon Airways non-stop, using transferred Velocity points. Economy 45,000 pts.

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

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 12 monthsTop 25% (14th of 65 cards)
Rewards value$360 a yearBetter than most (26th of 95 cards)
Annual fee$149 a yearNot as good as most cards (128th of 200 cards)
Purchase rate20.99%Not as good as most cards (125th of 196 cards)
Sign-up bonus$500Not as good as most cards (40th of 59 cards)
Overseas fee3.30%Not as good as most cards (146th of 200 cards)
Interest-free days44 daysNot as good as most cards (141st of 192 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