- 0% p.a. on balance transfers for 18 months requested at time of application. A 2% BT fee applies.
- Up to 55 days interest-free on purchases
- $65 annual fee
- Emergency card replacement within 24 hours in Australia
- You can request automatic credit card repayments with Easi-Pay
- Visa Pay Wave
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Bank of Queensland Credit Cards
Bank of Queensland Low Rate Credit Card
Updated 8 July 2025
Stay on top of your finances with a low rate credit card that offers 0% p.a. on balance transfers for 18 months with 2% balance transfer fee. Plus, enjoy a low ongoing annual fee of $65 and up to 55 days interest-free on purchases.
New customers only. T&Cs apply.
Purchase Rate (p.a)
13.99%
Balance Transfer (p.a)
0% for 18 months
2% balance transfer fee applies.
Reverts to 21.99% p.a.
Annual Fee (p.a)
$65
Pros and cons
- Balance transfer rate reverts to the cash advance rate after intro period
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
Offering one very appealing introductory offer, the Bank of Queensland Low Rate Visa Credit Card is currently providing 0% p.a. on balance transfers for 18 months with 2% balance transfer fee. With a low ongoing purchase rate and a reasonable annual fee, this card is definitely a worthy option for cardholders looking for access to credit while keeping costs low.
What we love...
Bank of Queensland says, if only everything was as simple as its Low Rate Visa Credit Card. Sometimes simple is all you need – and if you’re searching for the simple life, this card could make that happen. As a low rate card, there are no rewards programs to figure out, and no extravagant features that you need to delve into the small print to get your head around.
The Bank of Queensland Low Rate Credit Card currently offers 0% p.a. on balance transfers for 18 months from account opening allowing you to save on both existing and future interest costs.
As a basic, no frills card, it does exactly what you would expect. It offers a nice low rate on purchases that can help cardholders keep costs down even after the offer period ends. And, if you pay your balance by the due date each month, you could save even more with up to 55 days interest-free on purchases. It’s worth bearing in mind that if you have a balance transfer on this card, there is no interest-free period on purchases.
Balance transfer, you say? Yep, this card has a pretty sweet balance transfer deal going on right now. That could give you more than a year to take a serious chunk out of your credit card debt, paying down your balance faster as you pay less in interest.
In terms of the essential info on this offer, you can transfer up to 80% of your available credit limit, from non-Citi issued cards.
What’s not so great...
One important feature to note on the balance transfer offer is the fact that a 2% balance transfer fee applies. Also, any balance left unpaid at the end of the intro period will start to accrue interest at the card’s cash advance rate. The offer does give you a nice long time to pay your balance down, but if you are unable to clear your balance in time, you may look into doing another balance transfer to avoid that higher rate.
Be aware that you would need to meet eligibility criteria for this. Avoiding a cycle of balance transfers is generally best avoided.
Why should you choose this card?
With a relatively low minimum annual income requirement of $25,000, the Bank of Queensland Low Rate Visa Credit Card could be a great option for lower income earners with a good credit rating. As a low rate card, it could appeal to cardholders who tend to carry a balance, or anyone who simply wants to save money.
With that balance transfer deal, it would work well for cardholders who want to clear credit card debt, to then enjoy a decent low cost card ongoing. In terms of features, the card offers all the might of Visa, with worldwide access at merchants and ATMs, and Verified by Visa, Fraudshield and Visa Zero Liability providing added security.
Overall Rating
The Bank of Queensland Low Rate Visa Credit Card is a low rate card with an affordable annual fee, currently offering 0% p.a. on balance transfers for 18 months.
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
Balance transfer
Balance transfer rate 0% p.a. for 18 months
Balance transfer revert rate 21.99% p.a.
Balance transfer from personal loan No
Balance transfer fee 2% one off
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Bank of Queensland
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
BOQ Low Rate Visa Special Offer, if you sign up today you will get 0% p.a. on balance transfers for 18 months with 2% balance transfer fee. Cardholders can also benefit from up to 55 days interest-free on purchases.
Key features
- 0% p.a. on balance transfers for 18 months requested at time of application. A 2% BT fee applies.
- Up to 55 days interest-free on purchases
- $65 annual fee
- Emergency card replacement within 24 hours in Australia
- You can request automatic credit card repayments with Easi-Pay
- 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
-
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