Bank of Queensland

Bank of Queensland credit cards

Not available for application via this website

BOQ Blue Visa Credit Card

Highlights

This is a solid balance transfer offer card with rewards on new spending. Right now, spend $3,500 in the first 3 months and get 50,000 bonus Q Rewards points. The annual fee is competitive for a rewards card. A good choice if you want points and a balance transfer deal, but be mindful of juggling repayments and earning points.

Pros

Get 50,000 bonus Q Rewards points when you spend $3,500 within 3 months of approval.
0% p.a. on balance transfers for 6 months (1% fee applies).
Earn 1 Q Rewards point per $1 on eligible spending.
Low annual fee for a rewards credit card.
Free purchase protection insurance.

Cons

Can't transfer Q Rewards points to partner programs, unlike the BOQ Platinum Visa Credit Card.
Balance transfer reverts to 21.99% p.a. after the promotional period.
The 44-day interest-free period is shorter than some cards offering up to 55 days.
$15 charge per additional card.

Not available for application via this website

BOQ Low Rate Visa Credit Card

Highlights

Get 0% p.a. on balance transfers for 18 months, but keep in mind a 2% transfer fee applies, and unpaid balances will mean interest on new purchases. After the promo, the rate reverts to 21.99% p.a. On the plus side, everyday spending gets a low 13.99% p.a. rate, and you’ll enjoy up to 55 interest-free days on purchases. A decent option for cutting interest, but best suited if you can clear the balance before the revert rate kicks in.

Pros

0% p.a. for 18 months on balance transfers
Low 13.99% p.a. purchase interest rate

Cons

No rewards points or cashback.
A one-time 2% balance transfer applies.
Balance transfer reverts to the 21.99% p.a. cash advance rate after the introductory period.
3.4% fee on international transactions.
Additional cards come with a fee.

Not available for application via this website

BOQ Platinum Visa Credit Card

Highlights

A hidden gem of a platinum card if you’re after rewards and perks. Spend $4,500 within 3 months and earn 100,000 Q Rewards points—which can be converted to Velocity or Flybuys points. Earn 2 Q Rewards points per $1 on eligible purchases, plus extras you'd expect with a platinum card, like purchase protection and travel insurance. Balance transfers get a 0% p.a. rate for 12 months (1% fee applies), reverting to 21.99% p.a. after that.

Pros

Get up to 100,000 Q Rewards points which can be used to redeem eVouchers or cashback, or converted to Velocity or Flybuys points.
Earn up to 2 Q Rewards Points for every $1 spent on eligible transactions.
0% p.a. on balance transfers for 12 months with a 1% balance transfer fee.
Discounted annual fee of $75 for the first year.
Get up to 4 additional cardholders at no extra cost.

Cons

The $149 p.a. annual fee after the initial year.
There is a 1% balance transfer fee.

Bank of Queensland savings account

Not available for application via this website

Bank of Queensland Fast Track Saver

Highlights

Earn up to 2.50% p.a. on balances up to $250,000. Terms and Conditions apply.
Feel secure with the protection of the Federal Government deposit guarantee of up to $250,000.
For balances over $250,000, the Base Rate of 0.05% p.a. applies.

Learn all about

Q&As

What banking services do Bank of Queensland offer?

Bank of Queensland (BoQ) offers a full range of personal banking services designed to give individual customers control over their finances. Services include everyday banking, savings accounts, investments, personal loans, home loans, insurance, travel money, wealth management, online share trading, margin lending, Visa debit cards and a range of credit cards.

BoQ has specially trained business bank managers providing services to businesses and entrepreneurs. Their business bank managers like to get to know business owners personally so they are better equipped to meet their requirements. Customers can also contact their business bank manager on their mobiles, even out of hours if necessary, to receive assistance as and when it is needed.

The range of business services and products available from BoQ includes business transaction, investment and trust accounts, equipment finance, business credit cards, farm management, loans and merchant services.

How long have Bank of Queensland been around?

In 1874, the Brisbane Permanent Benefit Building and Investment Society was created in Queensland, the state’s first permanent building society, establishing the company that what would later become the Bank of Queensland. The Society was incorporated in 1887, and went on to amalgamate several other financial institutions over the next few decades. In 1942 the company was granted a licence to become a fully operational trading bank.

The company changed its name to Bank of Queensland in 1970 and the following year was listed on the Australian Stock Exchange as a publicly traded company. In 1982, BoQ merged with Bank of Queensland Savings Bank. The 21st Century has been a time of lively expansion for BoQ, with the opening of many branches across the country including in New South Wales, Victoria, and the Australian Capital Territory. In 2002, BoQ bought up ATM Solutions, creating the second largest ATM network in the country.

BoQ is one of the most well established financial institutions in Queensland, operating for over 137 years. After recent mergers with Home Building Society and the Mackay, Queensland-based Pioneer Permanent Building Society, BoQ now has more than 650,000 customers across Australia. The bank has 152 branches in Queensland, 52 in New South Wales, 23 in Victoria and 34 in Western Australia – a total of almost 270.