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Bank of Queensland Blue Credit Card
Bank of Queensland Blue Credit Card

Bank of Queensland Credit Cards

Bank of Queensland Blue Credit Card

Updated 25 November 2019

Apply by 27 February 2020

Points Earn Rate (per $1 spent)

1

point

Q Rewards

Rewards Program

Q Rewards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • $120 cash back if you spend $500 per month on retail purchases for the first 3 months
  • 1 Point for every dollar spent with Q Rewards
  • 0% for 6 months on balance transfers (reverts to 21.74% p.a.)
  • Up to 44 days interest free on purchases
  • Low rewards fee of $60
  • Visa payWave

  • High purchase rate

Creditcard.com.au review

Editor Review

Bank of Queensland Blue Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bank of Queensland Blue Credit Card

As BOQ’s classic rewards card, the Bank of Queensland Blue Credit Card offers access to the bank’s own Q Rewards program, allowing cardholders to earn points that can be redeemed for travel, merchandise, gift vouchers and now, flybuys points. For a low annual fee, the card offers several appealing features, including 0% p.a. on balance transfers for 6 months, purchase cover insurance, and $120 cashback when you spend $500 in the first three months.

What we love...

Let’s cover that balance transfer offer first. As a new cardholder, you can take advantage of 0% p.a. on balance transfers for 6 months, helping you clear your credit card debt faster while paying less in interest. To be eligible, you need to apply and be approved by 27 February 2020, then you can transfer up to 80% of your approved credit limit, from non-Citi issued cards.

If you’ve been comparing offers, no doubt you’ll be glad to note that BOQ doesn’t currently charge a balance transfer fee. This means you have less to pay off overall, allowing you to focus solely on clearing your balance within that intro period.

In terms of ongoing costs, the card has a lovely low annual fee for a rewards card. There are also no fees to join Q Rewards, helping to offer even more value to the program. Points earning is kept simple, with just one earn rate to remember. You will earn 1 Q Rewards point for every $1 you spend on eligible transactions, with no points capping or points expiry.

Once you’ve accumulated enough points, you have a number of redemption options available to you. Like many of the bigger rewards programs, Q Rewards allows you to redeem points for travel, on flights, hotels, car hire and experiences. It also lets you shop the Q Rewards Store for a huge range of merchandise and gift cards, or convert them to flybuys points.

You may also redeem points using Select and Credit to cover eligible card transactions, or to enjoy annual fee credit, or cashback to spend as you like. Talking of cashback, this card is also currently offering $120 cashback to new cardholders when they spend $500 on eligible purchases within the first three months.

What’s not so great...

There are two important features to be aware of with the Bank of Queensland Blue Credit Card. First up, its interest rate. As a rewards card, this is not a low rate card. To make the most of what’s on offer, you will need to clear the balance by the due date each month. It’s also worth noting that if you have a balance transfer, interest on purchases will start to accrue interest from day one.

In addition, if you fail to pay off your transferred balance within the intro period, it will revert to the cash advance rate thereafter.

Why should you choose this card?

If you want to earn points on a flexible rewards program while keeping costs low with a very reasonable annual fee, the Bank of Queensland Blue Credit Card could be the card for you. With a low minimum annual income requirement of $25,000, it could be a great option for lower income earners, as long as they have a good credit rating and meet other eligibility requirements.

On top of the other features we have already mentioned, the card also offers some nice protection on purchases, with refunds of up to $500 on eligible items that go on sale after you purchase them, plus Purchase Cover Insurance for personal items if they are lost, stolen or damaged within 90 days of purchase (terms and conditions apply – read the PDS).

Overall Rating

A very worthy rewards card that offers an alternative to some of the better-known rewards programs, the Bank of Queensland Blue Credit Card offers a decent earn rate with no points cap or expiry, $120 cashback after a $500 spend, and 0% p.a. on balance transfers for 6 months.

User reviews

Bank of Queensland Blue Credit Card ( based on 1 Creditcard.com.au user review )

65% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Cash advance rate 21.74% p.a.

Interest free period on purchases up to 44 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money

Credit limits

Minimum credit limt $2,000

Maximum credit limit $10,000

Fees & repayments

Annual fee $60 p.a.

Additional card holder fee Up to 4 - $15 p.a. each

Foreign transaction fee 3.4%

Minimum repayment 2%

Cash advance fee 3.5%

Late payment fee $10

Rewards and points

Rewards program

Rewards Program Q Rewards Q Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Q Rewards Rewards points 1 point per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

$120 cash back if you spend $500 per month the first 3 months

Overview

Bank of Queensland Blue Credit Card

Bank of Queensland Blue gives you 0% p.a. on balance transfers for 6 months plus earn 1 Point for every dollar spent with Q Rewards. You can also enjoy purchase cover insurance and cardholders can also benefit from up to 44 days interest free on purchases if you pay your balance in full each month. $120 cash back if you spend $500 per month on retail purchases for the first 3 months.

Key features

  • $120 cash back if you spend $500 per month on retail purchases for the first 3 months
  • 1 Point for every dollar spent with Q Rewards
  • 0% for 6 months on balance transfers (reverts to 21.74% p.a.)
  • $60 annual fee
  • Up to 44 days interest free on purchases
  • You can request automatic credit card repayments with Easi-Pay
  • Purchase Cover Insurance - on most new items you're covered against loss, theft or damage for three months
  • Visa Pay Wave

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Australian citizen or a permanent resident

  • Minimum income of $25,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

7 questions (showing the latest 10 Q&As)

SHONIQKUA MARTIN

SHONIQKUA MARTIN

12 February 2018
HOW OLD DO YOU HAVE TO BE TO GET A KEY CARD
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 February 2018
    Hi Shoniqkua, a key card linked to a bank account I am not sure of. You need to be 18 to be able to apply for a credit card in Australia.
Mark Allen

Mark Allen

2 April 2017
How long will my application take to approve?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2017
    Hi Mark, it typically takes 5-10 working days to process an application though this can be much faster at times.
Mark Allen

Mark Allen

2 April 2017
How much would my initial credit limit be ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2017
    Hi Mark, your credit limit is decided by the bank at the time of application. Therefore before you apply for a card there is no way of knowing what credit limit will be assigned to you.
Jan

Jan

27 January 2016
Are the Qantas points capped in any way.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 January 2016
    Hi Jan, this card and BOQ rewards cards in general earn Q points, rather than Qantas points. Q points are a custom rewards program from BOQ. The Q points are not capped. If you are looking for a card that earns Qantas points then you should check out some different offers. The AMEX Qantas Discovery Exclusive with no annual fee for life, 15k bonus points and uncapped points earning. More premium with the NAB Qantas Rewards Premium, 60k bonus points plus dual cards and great features but $250 annual fee. You can check out a range of different offers in our Frequent Flyer sections that may suit your needs.
Ahmad

Ahmad

5 December 2015
What if my credit history is bad still I'm elligible to apply for credit card bank of QLD
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 December 2015
    Hi Ahmad, sorry, as before, there will be no credit cards on this site that are truly for bad credit and where you are likely to be approved.
annette

annette

13 October 2015
Will a poor credit rating jepordise my chances of getting this CC?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 October 2015
    Hi Annette - yes, a poor credit rating will make it very difficult to be approved for a credit card in Australia. When I had 1 paid default in my credit history I was unable to be approved for an application. Basically I waited 5 years until it was removed then applied for credit again. Every situation is different based on assets, income, expenses and the alike but it is very difficult to be approved for a credit card without good credit history.
bryan sutcliffe

bryan sutcliffe

17 August 2015
What is a q point is it or can it be converted to a frequent flyer point ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 August 2015
    Hi Bryan, Q points are the custom rewards program with BOQ. Check out https://www.boqrewards.com - this will give you the full details. The points cannot be converted directly into Qantas points, more you use the Take Flight program to book flights with any airline.

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