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120,000 60,000 points when you spend $3,000 in the first 2 months from card approval, 60,000 points when you spend $10,000 in the first year
Bank of Queensland Platinum Credit Card
Bank of Queensland Platinum Credit Card

Bank of Queensland Credit Cards

Bank of Queensland Platinum Credit Card

Updated 24 September 2021

Receive up to 120,000 Bonus Q Rewards® Points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on eligible purchases. Save with 0% p.a. on balance transfers for 14 months offer (reverts to cash advance rate).

T&Cs apply. Offer ends 31 October 2021

Points Earn Rate (per $1 spent)

2 points

Q Rewards

Rewards Program

Q Rewards

Bonus Points

120,000 pts

60,000 points when you spend $3,000 in the first 2 months from card approval, 60,000 points when you spend $10,000 in the first year

Pros and cons

  • 120,000 Bonus Q Rewards® Points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on eligible transactions
  • 0% p.a. on balance transfers 14 months, reverting to the cash advance rate thereafter, currently 21.74%p.a.
  • 2 Q reward points accrued per $1 spent
  • Extended warranty up to 12 months cover
  • International travel insurance

  • 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

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. 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 up to 120,000 Bonus Q Rewards® Points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on eligible transactions. Also on offer is a great everyday earn rate, plus a full suite of insurance covers and 0% p.a. on balance transfers for 14 months.

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 these requirements and clear your balance before it starts accruing interest, you are essentially earning rewards for free with this card. Meeting that minimum spend has a bonus as well. 120,000 Bonus Q Rewards® Points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on eligible transactions.

In terms of everyday earning, you will earn 2 Q Rewards points for every $1 you spend on eligible transactions. There is 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 14 months. 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.

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.

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 120,000 bonus points offer. Plus 0% p.a. on balance transfers for 14 months.

User reviews

Bank of Queensland Platinum Credit Card ( based on 7 Creditcard.com.au user reviews )

70% rating based on 7 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 14 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 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 2%

Cash advance fee 3.5% (Domestic); 2.0% (International)

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Q Rewards Q Rewards

Bonus points 120,000 points

Annual points cap uncapped

Bonus points spend criteria 60,000 points when you spend $3,000 in the first 2 months from card approval, 60,000 points when you spend $10,000 in the first year

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

Overview

Bank of Queensland Platinum Credit Card

Switch your current credit card debt to 0% pa. interest on balance transfers for up to 14 months 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.

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. 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

  • 120,000 Bonus Q Rewards® Points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on eligible purchases
  • 0% p.a. on balance transfers 14 months, reverting to the cash advance rate thereafter, currently 21.74%p.a.
  • Purchase rate of 20.74% p.a.
  • Complimentary International Travel Insurance
  • Earn 2 Q Rewards points for every $1 spent
  • Use your rewards points to book flights on any airline
  • 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

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.

23 questions (showing the latest 10 Q&As)

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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