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100,000 Spend at least $4,500 on eligible transactions in the first 90 days
Bank of Queensland Platinum Credit Card
Bank of Queensland Platinum Credit Card

Bank of Queensland Credit Cards

Bank of Queensland Platinum Credit Card

Updated 1 May 2024

Receive 100,000 bonus Q Rewards® Points when you apply for a new Bank of Queensland Platinum Credit Card, get approved, and spend at least $4,500 on eligible transactions in the first 90 days from card approval. Save with 0% p.a. on balance transfers for 12 months offer with 1% BT fee (reverts to cash advance rate). Plus, enjoy complimentary insurance covers and other platinum benefits.
T&Cs apply.

Points Earn Rate (per $1 spent)

2 points

Q Rewards

Rewards Program

Q Rewards

Bonus Points

100,000 pts

Spend at least $4,500 on eligible transactions in the first 90 days

Pros and cons

  • Receive 100,000 bonus Q Rewards® Points when you apply for a new card, get approved, and spend at least $4,500 on eligible transactions in the first 90 days from card approval
  • 0% p.a. on balance transfers 12 months with 1% BT fee, reverts to the cash advance rate thereafter, currently 21.74%p.a.
  • Reduced annual fee of $65 for the first year; $129 thereafter
  • Earn 2 Q reward points accrued per $1 spent on eligible purchases
  • Complimentary purchase cover insurance
  • Extended warranty up to 12 months cover
  • Complimentary international travel insurance
  • Manage payments on purchases with Instalment Plans
  • Pay no annual fee on your credit card while your home loan is with BOQ. New customers only.

  • Balance transfer rate reverts to the cash advance rate after intro period
  • High standard interest rates so pay that balance off in full

Creditcard.com.au review

Editor Review

Bank of Queensland Platinum Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The Bank of Queensland Platinum Credit Card

With the Bank of Queensland Platinum Credit Card, cardholders can enjoy a seriously rewarding experience. Currently, new cardholders will earn 100,000 bonus Q Rewards® Points on top of a great everyday earn rate. Plus, 0% p.a. on balance transfers for 12 months, reduced annual fee for the first year, and a full suite of insurance covers.

What we love...

When you compare rewards cards, you need to determine each card’s value to decide whether it’s right for you.

As long as you meet the requirements and clear your balance before it starts accruing interest, you are essentially earning rewards for free with this card. If you apply for a new Bank of Queensland Platinum Credit Card, are approved, and spend at least $4,500 on eligible transactions in the first 90 days from card approval, you can enjoy a bountiful 100,000 bonus Q Rewards® Points.

In terms of everyday earnings, you will earn 2 Q Rewards points for every $1 you spend on eligible transactions. There are no points capping and no points expiry, so you can take as long as you like to stack up points for that perfect reward. As for points redemption options, these are wide-ranging within the Q Rewards program, including travel, merchandise, gift cards, and conversion to flybuys points. You may also redeem points to cover eligible purchases or your annual fee.

Aside from the intro offers we have already mentioned, this card also has a pretty nice balance transfer offer, providing 0% p.a. on balance transfers for 12 months with 1% balance transfer fee. Bear in mind, while the card typically offers up to 55 days interest-free on purchases to cardholders who clear their balance each month, there are no interest- free days on accounts with a balance transfer. To be eligible for the offer, you must apply and be approved, and you may transfer up to 80% of your approved credit limit, from non-Citi-issued cards.

Lastly, this platinum card offers a reduced annual fee for the first year, which makes it not only accessible but also allows cardholders to experience its incredible perks without breaking the bank.

What’s not so great...

Rewards cards, in general, tend to have higher interest rates. The Bank of Queensland Platinum Credit Card is no exception. If you want to see real value on this card, clear the balance before it starts accruing interest.

Why should you choose this card?

If you want an alternative to other, perhaps better-known rewards programs, the Bank of Queensland Platinum Credit Card may be a worthy option. You can earn points on the very flexible Q Rewards program, while enjoying some very appealing extras. Aside from the extras already mentioned, you can take advantage of these travel and purchase insurance covers:

  • International Travel Insurance: Cover for you and your family for medical expenses, trip cancellation due to unexpected circumstances, loss or theft of personal items and more.
  • Interstate Flight Inconvenience Insurance: Cover for events like flight delays, cancellations, baggage delays and personal item damage for domestic travel within Australia.
  • Transit Accident Insurance: Cover for you, your spouse and or/dependent children for specific injuries sustained while on a trip, which has been paid for on your card.
  • Purchase Cover Insurance: Covers products lost, stolen or damaged anywhere in the world within 90 days of purchase.
  • Extended Warranty Insurance: Provides extended warranty on eligible items.
  • Guaranteed Pricing Scheme: Offers a refund of the price difference when you purchase in-store and then see the same product advertised at a lower price.

Terms and conditions apply, so be sure to read the PDS for full info.

If you are a BOQ home loan customer, you can enjoy a $0 annual fee when you apply and get approved for a new Bank of Queensland Platinum Credit Card.

With its flexible Instalment Plans. BOQ also helps you manage your repayments on your purchases into monthly instalments over a set term from 1 to 5 years.

On top of that, you can benefit from access to a personal concierge service, available 24/7, helping you with everything from organising your next travel adventure to buying the perfect gift for your mum on her birthday. Another nice extra allows you to add up to 4 additional cardholders to the account at no extra cost, helping you to earn points even faster.

Overall Rating

Offering plenty of reasons to choose this card, the Bank of Queensland Platinum Credit Card provides an excellent everyday earn rate on top of 100,000 bonus Q Rewards® Points offer. Plus 0% p.a. on balance transfers for 12 months with 1% balance transfer fee and reduced first year annual fee.

User reviews

Bank of Queensland Platinum Credit Card ( based on 9 Creditcard.com.au user reviews )

75% rating based on 9 reviews

Rates
Fees
Rewards
Customer Service
Value
39%

Creditcard.com.au Visitor

6 August 2013

Took too long for them to send me the card and even tried to contact them via telephone to check the progress of my application. The girl didn't seem to have a clue what she was talking about, and answered my questions by asking me questions. Honestly, don't waste your time on BOQ.

Does not recommend this card

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 55 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 21.74% p.a.

Balance transfer from personal loan No

Balance transfer fee 1% 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 $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $129 p.a.

Additional cardholder fee Up to 4 at no extra cost

Foreign transaction fee 3.4%

Minimum repayment $30 or 2%, whichever is greater

Annual fee the first year $65

Cash advance fee 3.5% (Domestic); 1.5% (International)

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Q Rewards Q Rewards

Bonus points 100,000 points

Annual points cap uncapped

Bonus points spend criteria Spend at least $4,500 on eligible transactions in the first 90 days

Earning points with this card

Q Rewards Rewards points 2 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Guaranteed Pricing Scheme

Overview

Bank of Queensland Platinum Credit Card

Be rewarded with 100,000 bonus Q Rewards® Points when you apply for a new Bank of Queensland Platinum Credit Card, get approved, and spend at least $4,500 on eligible transactions in the first 90 days from card approval. You can earn 2 points for each dollar you spend, and points can be redeemed on the Q Rewards program, which allows you to fly on most major airlines anytime with Take Flight.

Switch your current credit card debt to 0% pa. interest on balance transfers for up to 12 months with 1% BT fee with Platinum perks, take a look at the BOQ Platinum Visa. Balance transfers revert to the cash advance rate thereafter, currently 21.74%p.a. Get up to 55 days interest free on purchases. Benefits of the card also include a 24/7 Personal Concierge service, international travel insurance, purchase cover insurance, extended warranty, up to 55 days interest free on purchases, $1000 daily cash advance limit through ATMs, a guaranteed pricing scheme, and a priority customer service hotline.

Key features

  • Receive 100,000 bonus Q Rewards® Points when you apply for a new card, get approved, and spend at least $4,500 on eligible transactions in the first 90 days from card approval
  • 0% p.a. on balance transfers 12 months with 1% balance transfer fee, reverting to the cash advance rate thereafter, currently 21.74%p.a.
  • Reduced annual fee of $65 for the first year; $129 thereafter
  • Purchase rate of 20.74% p.a.
  • Earn 2 Q Rewards points for every $1 spent
  • Use your rewards points to book flights on any airline
  • Complimentary International Travel Insurance
  • Complimentary Purchase Cover Insurance
  • 24/7 Platinum Concierge Service
  • Extended Warranty

Minimum criteria to apply for this card

  • Be over 18 years old

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

  • Permanent resident or Australian citizen

  • Minimum income of $35000 p.a.

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 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.

28 questions (showing the latest 10 Q&As)

Graeme

Graeme

17 January 2024
please advise if there is an age limit on international travel insurance?
    Pauline - CreditCard.com.au

    Pauline

    25 January 2024
    Hi Graeme, I looked into this for you and see that coverage is for those under 81 years of age. You can check BOQ’s complimentary insurance PDS for T&Cs, eligibility and some general exclusion.
Christopher O'Loughlin

Christopher O'Loughlin

14 October 2023
what reward point are on bank of Queensland Credit card? Qantas?
    Pauline - CreditCard.com.au

    Pauline

    17 October 2023
    Hi Christopher, The Bank of Queensland Platinum card has the Q Rewards program. The Q Rewards program is the in-house program for BoQ. You can then transfer these points to your Velocity Account (if you have one) or redeem them for vouchers or statement credit.
Devaka Amarasekera

Devaka Amarasekera

12 June 2023
I have BOQ Platinum visa credit card; also a long standing card holder. I am travelling overseas. What is the minimum amount I should spend on my card on travel cost to receive international travel insurance cover?
    Pauline - CreditCard.com.au

    Pauline

    13 June 2023
    Hi Devaka, I looked into this for you however it does not state the amount on how much should be spent but it does indicate that to be eligible, the cardholder’s trip is not more than 6 months for a BOQ Platinum Visa credit card, should obtain the overseas travel ticket before leaving Australia by charging the cost of the ticket to the account holder’s card account or by getting the ticket by redeeming Q Rewards Points or under the Take Flight program, and is the cardholder. You can check BOQ’s official complimentary insurance T&Cs PDS for more information.
David Gardiner

David Gardiner

15 April 2023
What are the conditions for the extended warranty - what items does this include? Thanks, Dave.
    Pauline - CreditCard.com.au

    Pauline

    17 April 2023
    Hi Dave, I checked this for you and see that the whole price of the item is charged to the account holder’s card account in order to be eligible for the extended warranty insurance coverage. You can also check more information about the different insurance coverages included on their official insurance PDS.
Michelle Langford

Michelle Langford

2 October 2022
Hi just wanting to know if there is anything I need to do to activate my international travel insurance. I paid for the flight tickets with my platinum credit card. Or it is automatic because I paid with credit card?
    Pauline - CreditCard.com.au

    Pauline

    5 October 2022
    Hi Michelle, diving into BOQ Platinum card’s insurance terms, it states that you may be eligible for the international travel insurance coverage if your travel is no more than 6 months, and that you’ve obtained your overseas travel ticket before leaving Australia by either putting the charge of the cost of your overseas travel ticket to the account holder’s card account, or by redeeming your Q Rewards points for the ticket, or getting the overseas travel ticket under the Take Flight program, and that you are a cardholder at the time you obtained your overseas travel ticket. It does not state though what else you need to do but we strongly advise you to inform BOQ before your travel and inform them of the travel dates. If they notice overseas transactions on your account, it may get blocked for fraud. You can check BOQ’s official insurance coverage PDF for further information. Have a great trip!
alison

alison

1 July 2021
has the BOQ platinum card offer finished now given 30 june passed
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 July 2021
    Hi Alison, thanks for writing. We checked the Bank of Queensland Platinum Credit Card’s offer, I see an updated bonus points and balance transfer offer valid until 31 October 2021.
Atma

Atma

14 January 2021
who are in the Citi-issued cards group
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 January 2021
    Banks you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money. These brands are issued through Citi. Let me know if you need any more detail.
Glenda

Glenda

16 November 2019
Hi I have a platinum visa card which has complimentary travel insurance what do I need to do before I travel overseas regarding Insurance client number or do I make a claim when I return without a claim number. Also do I need to use my visa card to pay for claims. Will receipts be enough to make a claim.

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