The Bank of Queensland MasterCard is a credit card that is offered by the Bank of Queensland in association with the credit card provider MasterCard.
It is aimed at credit card users who want a good rewards program, but without paying the rates that premier credit cards such as gold cards and platinum cards charge. It is a relatively cheap card with a competitive interest rate and a low annual fee.
The Bank of Queensland sunshine rewards program offers 1.5 points for every dollar that is spent on the card. The Bank of Queensland gold card offers 2 points for every dollar spent. There are also a number of bonus partners that can accelerate the rewards program. These bonus partners have about 3000 locations across Australia.
There is no limit to the amount of points that can be earned. There is also the ability to top up rewards points with cash meaning that they can be redeemed sooner.
The credit card also has the facility to automatically pay the minimum payment out of a bank account. This can be a dangerous option if this is the sole way of keeping up with repayment requirements, and it is always a good idea to add in extra repayments.
The annual fee for the Bank of Queensland MasterCard is $49, which is relatively low compared to other cards. There is the ability to get an extra card that can be charged on to the account. As well as a reasonably low interest rate there is an interest free grace period of up to 45 days.
The Bank of Queensland MasterCard has the ability to make cash advances. These will bear interest from the day in which they are taken out.
The Bank of Queensland is a strong regional bank in Queensland and neighbouring states. It offers the full range of retail banking services including transaction accounts, home loans and savings accounts. They also offer a gold card in conjunction with MasterCard, which offers a higher level of service in return for higher fees and a higher interest rate.
MasterCard is the second largest credit card provider in the world. It is accepted in 29 million locations around the world as well as a large amount of locations across Australia. MasterCard offers a zero liability guarantee under which no unauthorised transaction will be charged to a card holder as long as the card holder fulfils a couple of common sense conditions.
