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BOQ Specialist Signature Velocity Credit Card
1 review

BOQ Specialist Signature Velocity Credit Card

points over 12 months Calculate your savings icon

Earn rate per $1

1 point

Capped at 10,000, then 0.5 pts per $1

Velocity Frequent Flyer

Bonus points

20,000 points Use card ten times in the first two months

Annual fee

$400 p.a.

Pros

Earn 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10 000 points per month and 0.5 points per $1 thereafter

Earn 1.5 Velocity Points for every $1 spent on eligible international purchases

Complimentary travel insurance

Visa Luxury Hotel Collection

Cons

Annual fee of $400 p.a.

100% of customers who have rated this card would recommend it
  • Rates
    33%
  • Fees
    49%
  • Rewards
    52%
  • Customer Service
    51%
  • Value
    67%
Overall user rating 50%
1 reviews
Interest Rates
Purchase rate 20.50% p.a.
Cash advance rate 20.50% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit N/A
Maximum credit limit N/A
Fees & repayments
Annual fee $400 p.a.
Cash advance fee N/A
Credit card type Visa
Rewards program
Rewards program Velocity Frequent Flyer Velocity Frequent Flyer
Bonus points 20,000 Velocity points
Annual points cap uncapped
Bonus points spend criteria Use card ten times in the first two months
Earning points with this card
Velocity points 1 point per $1 spent
Overseas earn rate 1.5 points per $1 spent
Points cap per month Capped at 10,000, then 0.5 pts per $1
Complimentary insurance
International travel insurance yes - up to months
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
Extras
Priority Pass airport lounge access
Visa Luxury Hotel Collection

BOQ Specialist Signature Velocity Credit Card

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

The BOQ Specialist Signature Card with Velocity Points

New cardholders can enjoy a great boost on their points earning with 20,000 bonus Velocity Points currently on offer on the BOQ Specialist Signature Velocity Card. Available to doctors, dentists and vets, this card offers a number of high-end benefits, including access to the Visa Luxury Hotel Collection, Priority Pass membership, and complimentary overseas travel insurance.

What we love...

There’s nothing like a little bonus points boost – and happily, the BOQ Specialist Signature Velocity Card currently has one to offer. As a new cardholder, you can earn 20,000 bonus Velocity Points simply by using your card to make 10 eligible purchases within the first 60 days. No minimum spend, just meet that minimum usage requirement.

In terms of everyday points earning, the card offers a tiered earning structure that goes as follows:

  • 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10,000 points per month, and 0.5 points per $1 thereafter.
  • 1.5 Velocity Points for every $1 spent on eligible international purchases.
  • 1 Velocity Point for every $1 spent on eligible BOQ Specialist finance contracts.

Both your bonus points and your earned points will be automatically credited to your Velocity account, and from there, you can spend them as you like. As one of the largest frequent flyer programs in Australia, Velocity has plenty to offer, including flights and upgrades, and merchandise and gift cards from the Velocity Store.

Aside from rewards, the card has a host of attractive extras on offer, many of which are likely to appeal to the frequent traveller. First up, access to the Visa Luxury Hotel Collection, which allows cardholders to take advantage of premium benefits at more than 900 luxury hotels around the world. While the offering may differ slightly from hotel to hotel, this is what you could expect:

  • Best available rate guarantee
  • Automatic room upgrade on arrival, where available
  • Complimentary in-room Wi-Fi, where available
  • Complimentary breakfast for two
  • US$25 food or beverage credit
  • VIP Guest status
  • Late check-out upon request, where available

Another enticing travel feature on offer provides cardholders access to Priority Pass airport lounges with one complimentary Priority Pass Standard Membership for the primary cardholder. This gives you unlimited lounge visits – with the option of inviting one guest free per visit – as well as discounts on food and beverages at selected airport outlets.

What’s not so great...

As a premium card, the BOQ Specialist Signature Velocity Card has a premium price tag. To enjoy all of its lovely features, you will pay a fairly hefty annual fee. However, if you make use of all of the extras on offer – while earning sufficient rewards – that annual fee may be worth it. Be sure to avoid the card’s high purchase rate by clearing your balance each month, as you can then benefit from up to 55 days interest free on purchases.

Why should you choose this card?

When you choose a Signature card such as the BOQ Specialist Signature Velocity Card, you do so to enjoy a higher points earn and access to premium features. While you may pay a higher annual fee, you should be getting more back from the rewards you earn, and in the value offered on the extras you use.

If you are a frequent traveller, further value can be found in the card’s complimentary overseas travel insurance, which provides up to 90 days of cover for you, your spouse and your dependent children when you pay for your return travel with your card. The card also offers access to the Visa Concierge, Visa Front Line Access and Visa Entertainment, as well as a 15% discount on Visa Airport SpeedPass, offering fast-track immigration at more than 280 international airports.

Managing your finances becomes easier with split statements and separate credit cards for business and personal purposes, and with full compatibility with financial accounting systems such as XERO and MYOB. Meanwhile, Verified by Visa and Orion provide security, while Visa payWave and an SMS alert service offer added functionality while shopping.

Overall Rating

The BOQ Specialist Signature Velocity Card is currently offering 20,000 bonus Velocity Points to new cardholders, alongside an elevated everyday points earn and fantastic features, such as Priority Pass membership, access to the Visa Luxury Hotel Collection and overseas travel insurance.

(showing the latest 10 Q&As)

BOQ Specialist Signature Velocity Credit Card

With BOQ Specialist Signature Velocity Credit Card you can earn up to 1.5 Velocity points per $1 spent. Complimentary travel insurance and access to Visa Luxury Hotel Collection.

Key features

  • Earn 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10 000 points per month and 0.5 points per $1 thereafter
  • Earn 1.5 Velocity Points for every $1 spent on eligible international purchases
  • Complimentary travel insurance
  • Visa Luxury Hotel Collection
  • Up to 55 days interest free on purchases
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Permanent Resident or Australian Citizen
  • You have your personal details ready to complete the online application
BOQ Specialist Signature Velocity Credit Card
BOQ Specialist Signature Velocity Credit Card

BOQ Specialist Credit Cards

BOQ Specialist Signature Velocity Credit Card

Updated 13 September 2019

Points Earn Rate (per $1 spent)

1

point

Velocity

Rewards Program

Velocity Frequent Flyer

Bonus Points

20,000 pts

Use card ten times in the first two months

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Earn 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10 000 points per month and 0.5 points per $1 thereafter
  • Earn 1.5 Velocity Points for every $1 spent on eligible international purchases
  • Complimentary travel insurance
  • Visa Luxury Hotel Collection

  • Annual fee of $400 p.a.

Creditcard.com.au review

Editor Review

BOQ Specialist Signature Velocity Credit Card

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

The BOQ Specialist Signature Card with Velocity Points

New cardholders can enjoy a great boost on their points earning with 20,000 bonus Velocity Points currently on offer on the BOQ Specialist Signature Velocity Card. Available to doctors, dentists and vets, this card offers a number of high-end benefits, including access to the Visa Luxury Hotel Collection, Priority Pass membership, and complimentary overseas travel insurance.

What we love...

There’s nothing like a little bonus points boost – and happily, the BOQ Specialist Signature Velocity Card currently has one to offer. As a new cardholder, you can earn 20,000 bonus Velocity Points simply by using your card to make 10 eligible purchases within the first 60 days. No minimum spend, just meet that minimum usage requirement.

In terms of everyday points earning, the card offers a tiered earning structure that goes as follows:

  • 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10,000 points per month, and 0.5 points per $1 thereafter.
  • 1.5 Velocity Points for every $1 spent on eligible international purchases.
  • 1 Velocity Point for every $1 spent on eligible BOQ Specialist finance contracts.

Both your bonus points and your earned points will be automatically credited to your Velocity account, and from there, you can spend them as you like. As one of the largest frequent flyer programs in Australia, Velocity has plenty to offer, including flights and upgrades, and merchandise and gift cards from the Velocity Store.

Aside from rewards, the card has a host of attractive extras on offer, many of which are likely to appeal to the frequent traveller. First up, access to the Visa Luxury Hotel Collection, which allows cardholders to take advantage of premium benefits at more than 900 luxury hotels around the world. While the offering may differ slightly from hotel to hotel, this is what you could expect:

  • Best available rate guarantee
  • Automatic room upgrade on arrival, where available
  • Complimentary in-room Wi-Fi, where available
  • Complimentary breakfast for two
  • US$25 food or beverage credit
  • VIP Guest status
  • Late check-out upon request, where available

Another enticing travel feature on offer provides cardholders access to Priority Pass airport lounges with one complimentary Priority Pass Standard Membership for the primary cardholder. This gives you unlimited lounge visits – with the option of inviting one guest free per visit – as well as discounts on food and beverages at selected airport outlets.

What’s not so great...

As a premium card, the BOQ Specialist Signature Velocity Card has a premium price tag. To enjoy all of its lovely features, you will pay a fairly hefty annual fee. However, if you make use of all of the extras on offer – while earning sufficient rewards – that annual fee may be worth it. Be sure to avoid the card’s high purchase rate by clearing your balance each month, as you can then benefit from up to 55 days interest free on purchases.

Why should you choose this card?

When you choose a Signature card such as the BOQ Specialist Signature Velocity Card, you do so to enjoy a higher points earn and access to premium features. While you may pay a higher annual fee, you should be getting more back from the rewards you earn, and in the value offered on the extras you use.

If you are a frequent traveller, further value can be found in the card’s complimentary overseas travel insurance, which provides up to 90 days of cover for you, your spouse and your dependent children when you pay for your return travel with your card. The card also offers access to the Visa Concierge, Visa Front Line Access and Visa Entertainment, as well as a 15% discount on Visa Airport SpeedPass, offering fast-track immigration at more than 280 international airports.

Managing your finances becomes easier with split statements and separate credit cards for business and personal purposes, and with full compatibility with financial accounting systems such as XERO and MYOB. Meanwhile, Verified by Visa and Orion provide security, while Visa payWave and an SMS alert service offer added functionality while shopping.

Overall Rating

The BOQ Specialist Signature Velocity Card is currently offering 20,000 bonus Velocity Points to new cardholders, alongside an elevated everyday points earn and fantastic features, such as Priority Pass membership, access to the Visa Luxury Hotel Collection and overseas travel insurance.

User reviews

BOQ Specialist Signature Velocity Credit Card ( based on 1 Creditcard.com.au user review )

50% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 20.50% p.a.

Cash advance rate 20.50% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt N/A

Maximum credit limit N/A

Fees & repayments

Annual fee $400 p.a.

Additional card holder fee N/A

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee N/A

Rewards and points

Rewards program

Rewards Program Velocity Frequent Flyer Velocity Frequent Flyer

Bonus points 20,000 Velocity points

Annual points cap uncapped

Bonus points spend criteria Use card ten times in the first two months

Earning points with this card

Velocity pointsVelocity points 1 point per $1 spent

Points cap per month Capped at 10,000, then 0.5 pts per $1

Overseas earn rateOverseas earn rate 1.5 points per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes

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

Extras

Priority Pass airport lounge access

Visa Luxury Hotel Collection

Overview

BOQ Specialist Signature Velocity Credit Card

With BOQ Specialist Signature Velocity Credit Card you can earn up to 1.5 Velocity points per $1 spent. Complimentary travel insurance and access to Visa Luxury Hotel Collection.

Key features

  • Earn 1 Velocity Point for every $1 spent on eligible purchases in Australia up to 10 000 points per month and 0.5 points per $1 thereafter
  • Earn 1.5 Velocity Points for every $1 spent on eligible international purchases
  • Complimentary travel insurance
  • Visa Luxury Hotel Collection
  • Up to 55 days interest free on purchases

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

  • 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.

(showing the latest 10 Q&As)

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More info
points earned over 12 months
1 point
16.77% Complete (success)
Velocity Frequent Flyer
100,000
points
16.77% Complete (success)
Velocity Frequent Flyer
$289
p.a.
16.77% Complete (success)
Your points
$120,000 saved over 12 months
Calculate your savings icon
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