- 0% p.a. for 18 months on balance transfers (reverts to 21.74% p.a.)
- 1 Point for every dollar spent with Q Rewards
- Up to 44 days interest free on purchases
- Low rewards fee of $60
- Visa payWave
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Citi Rewards Credit Card - $0 Annual Fee
0% balance transfer for 30 Months*
Transfer up to 3 non-Citi personal loans, store and/or credit cards.
Pros and cons
- 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. Ask Roland a Question 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 18 months and purchase cover insurance.
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 18 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 28 February 2021, 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.
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 and 0% p.a. on balance transfers for 18 months.
User reviews
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 18 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
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
Overview
Bank of Queensland Blue Credit Card
Bank of Queensland Blue gives you 0% p.a. on balance transfers for 18 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.
Key features
- 0% p.a. for 18 months on balance transfers (reverts to 21.74% p.a.)
- 1 Point for every dollar spent with Q Rewards
- $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 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.
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