- Low purchase rate of 13.99% p.a.
- Up to 55 days interest-free on purchases
- $65 annual fee
- Visa Contactless Payments
- Digital wallet compatibility (Apple Pay and Samsung Pay)
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Bank of Queensland Credit Cards
Bank of Queensland Low Rate Credit Card
Updated 15 October 2025
Stay on top of your finances with a simple, low-rate credit card designed to help you save. Enjoy a low ongoing annual fee of $65, a competitive 13.99% p.a. purchase rate, and up to 55 days interest-free on purchases.
New customers only. T&Cs apply.
Purchase Rate (p.a)
13.99%
Annual Fee (p.a)
$65
Pros and cons
- No rewards program or cashback feature
- No complimentary insurance or premium perks
Creditcard.com.au review
Editor Review
Bank of Queensland Low Rate Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Bank of Queensland Low Rate Credit Card
Simple, straightforward, and affordable — the Bank of Queensland Low Rate Visa Credit Card is designed for anyone who wants access to credit without the extra frills. With its low ongoing purchase rate and affordable annual fee, this card keeps things uncomplicated while helping you manage your finances more efficiently.
What we love...
Bank of Queensland says, if only everything was as simple as its Low Rate Visa Credit Card—and they’re right. This is a no-fuss card that does exactly what it promises. There are no complicated rewards programs or confusing fine print to decipher, just a low interest rate and practical everyday features.
As a basic, no-frills credit card, it’s ideal for those who prefer simplicity and value. The low purchase rate helps reduce the cost of carrying a balance, while paying your balance on time each month means you can enjoy up to 55 days interest-free on purchases.
You’ll also get the benefits of a Visa card, including worldwide acceptance and security and fraud protection for added peace of mind.
What’s not so great...
While the card keeps costs low, it doesn’t include rewards or premium perks—so if you’re chasing points or extras, this isn’t the one for you. But if affordability and simplicity are what you’re after, it delivers.
Why should you choose this card?
With a low annual income requirement of $25,000, the Bank of Queensland Low Rate Visa Credit Card could be a great fit for everyday spenders and budget-conscious cardholders alike. Whether you carry a small balance or pay your card off in full each month, you’ll benefit from its competitive low rate, low annual fee, and interest-free days.
Overall Rating
A practical choice for anyone who wants a low-cost, no-nonsense credit card. The Bank of Queensland Low Rate Visa Credit Card makes managing money simpler—without unnecessary extras or hidden costs.
User reviews
Rates and fees
Interest rates
Purchase rate 13.99% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $2,000
Maximum credit limit $30,000
Fees & repayments
Annual fee $65 p.a.
Additional cardholder fee Up to 4 - $15 p.a. each
Foreign transaction fee 3.4%
Minimum repayment $25 or 2%, whichever is greater
Cash advance fee 3.5% (Domestic); 1.5% (International)
Late payment fee $30
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Bank of Queensland Low Rate Credit Card
The BOQ Low Rate Visa Credit Card keeps things simple with a low ongoing purchase rate and up to 55 days interest-free on purchases. A practical choice for everyday spending, it helps you stay in control while keeping costs down.
Key features
- Low purchase rate of 13.99% p.a.
- Up to 55 days interest-free on purchases
- $65 annual fee
- Visa Contactless Payments
- Digital wallet compatibility (Apple Pay and Samsung Pay)
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
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Resident or citizen of Australia
-
Minimum income of $25,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question13 questions (showing the latest 10 Q&As)
i want to chech how much money i have on my BOQ credit card
Hi Alex, you can access through internet banking with BOQ. https://www.boq.com.au/personal/online-banking/internet-banking. If you are having difficulties. Then give Bank of Queensland Credit Card customer service a call on 1300 55 72 72
Currently using an ANZ visa monthly spend around $5k, just received my statement which included almost $400 in fees alone, I currently bank with you and are looking for a low cost/low fee credit card what would you suggest?
Hi Len, with Bank of Queensland, for the lowest fees and rates have a look at the Bank of Queensland Low Rate Credit Card. You don't need to be a customer of a bank to apply for a credit card. Therefore maybe a no annual fee credit card could suit? If you can use AMEX for a percentage of your 5k spend then the Qantas Discovery and the Velocity Escape earn great points with no annual fee.
Do you have a credit card for an age pensioner
Hi Cathy, BOQ do not see the pension as income for a credit card application. Therefore to apply for a BOQ card, you will need to have income from another source. The Big 4 are more accepting of pensioners as they tend to see it as income.
Can the card be used to transfer credit from overseas how much would this cost
Hi Tina, you can only transfer Australian credit card debt to an Australian balance transfer offer.
Hi, just wondering once balance transfer introductory period expires, would the rate reverts to purchase or cash rate ?
Hi Teji, with BOQ it reverts to the cash rate.
Can you get any credit card if your on new start allowance from center link
Hi Graham, that is not considered income with BOQ, therefore you would not be able to apply.
My credit file is clean other than bankruptcy which goes off file in 10 mths. Would I qualify for small limit credit card. I'm full time employed for last 4 years @$70,000 pa. Thankyou
Hi Dominic, its a long road to recovery from bankruptcy. There is no way that you could be approved whilst in bankruptcy. Once you are out, I would approach the bank where you get your pay deposited and see if they can assist.
Hi, can I balance transfer from a personal loan into this card?
Hi Anne, no you can transfer other credit cards or store cards though.
can pensioners apply and get the credit card?
Hi Jean-Marc, each application is generally assessed according to income requirements, so if your pension amount meets the minimum income requirement you may be able to apply for a credit card. Have a look at our post on credit cards for pensioners to find out more. If you want this Bank of Queensland card, you'd need to make sure your pension and any other income adds up to more than $25,000p.a to be eligible.
Can we do a joint application for this card which includes both mine and my wife's income
Hi Robert, there would only be one primary account holder, but either yourself or your wife could become an additional cardholder and you can request this at the time you make the application.
What is the maximum amount allowed to be transferred ?
Hi Glenn, on the Bank of Queensland Low Rate card you can transfer up to $16,000. This is 80% of the maximum credit limit of $20,000
The offer states that the rate after 9% changes from 0% interest to the current cash advance rate. Does this relate to any remaining funds that are still not paid off? Or does the 13.49% purchase rate apply to all funds purchased from the original transfer date?
Thank you,
Erin.
Hi Erin, the cash rate will apply to any of the balance transfer amount still not paid off. The purchase rate will apply to any thing purchased on the card and be charged separately. I hope that helps.
This card is underwritten by Citigroup. Is there any limitation on transferring balances to the BOQ card from existing Citibank credit card accounts?
Hi Andrew, there is. Your existing account must have been for more than 9 months with Citibank.
Adrian Collins
28 January 2013For a cheap card, this was a great option. After the intro period it has a low interest rate, plus I only pay half annual fee for the first year, and after that it is cheap anyway.
Recommends this card