Platinum Visa Credit Card

platinum visa credit card
Everything you need with all of the BOQ Platinum Visa Credit Card benefits including:

2 Q Rewards® points for every dollar spent on eligible transactions4, purchase protection insurance5, international and domestic travel insurance5 and more.

 

From 31 October 2024, the following changes will apply to the BOQ Platinum Credit Card

Interest Free Period: Interest Free Period will change to ‘up to 44 days’.

Annual Fee: The Annual Cardholder Fee will increase to $149.

Annual Percentage Rate: The interest rate on Retail Purchases will increase to 20.99% p.a. and the interest rate on Cash Advances will increase to 21.99% p.a.

0% p.a.  
Balance transfer for 12 month. 1% transfer fee applies. 1
$1 = 2 Points 
Earn 2 Q Rewards® points on every dollar spent on eligible purchases 4
55 days
Interest free period up to 55 days 6
Travel Insurance 
International and domestic travel insurance 5

1. Reverts to Cash Advance Rate, you will be charged interest on retail purchases while you have a balance transfer.

Platinum Visa Credit Card Offers & Rewards

Offer One: Q Rewards® Offer

earn q rewards® points and enjoy perks

100k bonus Q Rewards® Points

Take out a BOQ Platinum Visa Credit Card and spend $4,500 on Eligible Transactions in the first 3 months from card approval to receive 100k bonus Q Rewards® points.2

With a BOQ Platinum Visa Credit Card, you can also enjoy:

  • Two Q Rewards® points for every dollar spent on Eligible Transactions4
  • Half Annual Fee of $65 for the first year and $129 p.a. after that8
Apply now
Q Rewards

Learn more about Q Rewards® Points

Offer Two: Velocity Points Offer

Earn Velocity Points and enjoy perks

60k bonus Velocity Points

Take out a BOQ Platinum Visa Credit Card and earn 60,000 Velocity Points (converted from 180,000 Q Rewards® points) when you spend $4,500 on Eligible Transactions within 3 months from card approval9

With a BOQ Platinum Visa Credit Card you can also enjoy:

  • Two Q Rewards® points for every dollar spent on eligible transactions4
  • $129 p.a. annual fee
Apply now

 

Receiving your 60,000 Velocity Points is simple:

  1. Spend $4,500 on elligible transactions using your new BOQ Platinum Visa Credit Card within 3 months of being approved9
  2. You will receive your 180,000 Q Rewards® Points within 2 months of meeting the spend criteria
  3. We will email you with information on how to redeem your 60,000 Velocity Points (converted from 180,000 Q Rewards® Points)

 

Velocity points

Credit Card rates and fees

Balance Transfer Rate1

0% p.a for 12 months on Balance Transfers, with a 1% Balance Transfer fee.

Reverts to Cash Advance Rate, you will be charged interest on retail purchases while you have a balance transfer
Interest Free Days6 Up to 55 interest-free days on purchases, unless you have a balance transfer
Purchase Rate 20.74 % p.a.
Cash Advance Rate 21.74 % p.a.
Visa Privileges Visa Platinum
Minimum Credit Limit $6,000
Minimum Income $35,000

A full list of fees and charges are provided in our Credit Card Fees and Charges Guide.

Choose how you use your Q Rewards®

No matter which Platinum Visa Credit Card offer you choose, you can earn two Q Rewards®  points on every dollar spent on Eligible Transactions.4 Choose how you'd like to redeem yours.

 

earn points

Turn your credit card points into cash

Something for your wallet: your points can become cashback rewards to your account.

Reward benefits

Wipe a Credit Card purchase

Pay it off with points: redeem for a statement credit back against eligible purchases when you use Select and Credit.

vouchers

Treat yourself – or someone else

Redeem for eVouchers from great retailers including Coles, BP, Bunnings and more.

Flyby points

Switch your Q Rewards® for Flybuys or Velocity Points.*

Get even more choice: you can convert your points to Flybuys or Velocity Points.

How to
redeem your Q Rewards®
points

To redeem your Q Rewards® points, you can follow these steps:

  1. Log in to your BOQ Internet Banking
  2. Select your credit card account number
  3. The Q Rewards® / Other Card Functions button will appear on the next page
  4. Choose the item or reward you want to redeem your points for and follow the prompts to complete your redemption request

Remember that there are no hidden fees, no caps and no expiry on your Q Rewards® points. 

More reasons to choose a Platinum Visa Credit Card with BOQ

Enjoy more benefits
Icon international travel insurance

International and Domestic Travel Insurance

Complimentary travel insurance with the Platinum Visa Credit Card when you and your family travel (terms, conditions, exclusions, limits, and applicable sub-limits apply). 5

Icon insurance

Purchase Protection Insurance

Card members are covered for lost, stolen or damaged goods within 90 days of purchase (terms, conditions, limits and exclusions apply).5

Icon home loan

Home loan with BOQ?

Pay no annual fee on a new Platinum Visa Credit Card while your home loan is with us.7 This offer is only available to apply for in branch, locate your closest one here.

Not available in conjunction with any other website or special offers.7

Icon installment plans

Instalment Plans

With Instalment Plans, you can split your purchase into manageable monthly installments over a set term.

Learn more about installments.

Ready to apply for your Platinum Visa Credit Card?

To apply for the Platinum Visa Credit Card, you must:
  • Be at least 18 years of age
  • Have a good credit rating
  • Earn a taxable income of $35,000 per year or more
  • Be a permanent Australian resident or citizen
What you'll need for your application
  • Your income and expense details
  • Your driver's license number
  • Your employment details
  • Your balance transfer account details (if applicable). Your total balance transfers may not exceed 80% of your credit limit.
Applying online will take around 10 minutes

Offer 1: 100k bonus Q Rewards® Points

Apply: Q Rewards® Offer    

Offer 2: 60k bonus Velocity Points 

Apply: Velocity Points Offer

Call us:

1300 55 72 72

If you have saved your application:

Load saved application

 

Handy tools

Icon repayment options

Know your credit card repayment options

Learn about repayment options
Icon manage my credit card application

Manage my credit card application

Access & manage your application
Icon compare credit cards

Compare credit cards

Start comparing here

Not quite what you’re looking for? Learn about our other credit cards. 

Blue Visa Credit Card

Purchase Interest Rate Offer

Earn 1 Q Rewards® point for each dollar spent on Eligible Transaction4 and redeem them for a range of options like evouchers, cashback and pay with points.1

platinum visa credit card

  • 0% p.a. on purchases and balance transfers for 9 months. Purchase rate reverts to standard purchase rate thereafter, balance transfer reverts to cash advance rate thereafter. You will be charged interest on retail purchases while you have a balance transfer11
Apply now Learn more

Save with lower interest rates

Low Rate Visa Credit Card

If paying down your balance each month is keeping you up, our Low Rate Visa Credit Card can help you keep costs down.

platinum visa credit card

  • 0% p.a. balance transfer for 18 months with no balance transfer fee (reverts to cash advance rate thereafter). You will be charged interest on retail purchases while you have a balance transfer12
Apply now Learn more
  • Who can apply for a credit card online?

    The following conditions must be met for an online application:

    • All applicants must be Australian residents with an Australian address within a State or Territory
    • The Account must be in personal names (no Company or Trading Accounts)
    • The applicant must be over 18 years of age
    • If an additional cardholder is requested, they must be over 16 years of age
  • How long will the online credit card application take to complete?

    The online credit card application for our Platinum Visa Credit Card will take approximately 20 minutes to complete, assuming you have all the necessary information on hand.

  • What documents do I require?

    The required documentation is dependent upon whether or not you are an existing BOQ customer.

    To apply for a BOQ Credit Card, you will require the following documents:

    • Identification documents, including address details
    • Your income and expense details
    • Your employment details
    • Click here for further information on what documentation will be required.
  • How do I add an additional cardholder?

    To add an additional cardholder on an existing BOQ Credit Card:

    • Select your credit card account in BOQ Internet Banking, select ‘Q Rewards / Other Card Functions’ and then select the ‘Add and Additional Cardholder’ function; or
    • Visit your nearest BOQ Branch
  • What is a rewards credit card?

    A rewards credit card offers rewards or benefits for making purchases with your card. These could be cashback or points that can be redeemed for travel, merchandise, or other rewards. 

  • Are rewards credit cards worth it?

    This depends on a few factors, however, as long as you are not carrying a balance over the no-interest period and the annual fee is lower than the value of the rewards and complimentary insurances that you’ll earn, then they are usually worth it! 

  • Where can I use my Q Rewards® points?

    With the Q Rewards®, there are a variety of ways you can use your points, such as: 

    • Swap them for cash with cashback rewards. 
    • Use your points to pay off certain purchases. 
    • Redeem your points for eVouchers for Coles, BP, Bunnings & more. 
    • Swap them for Velocity Points and use them to travel. 
    • Change your points to Flybuys points and get even more choice on how to spend them. 
  • What can Velocity Points be redeemed for?

    You can redeem your Velocity Points for some great travel deals. Here are just a couple:

    • Domestic and international flights with Virgin Australia, Virgin Samoa, Etihad Airways, Virgin Atlantic, Virgin America, Delta and more.
    • A range of great hotels, car rentals and products including gift cards and vouchers.

    Head to velocityfrequentflyer.com to see the full range of what's on offer or give the Velocity Team a call on 13 18 75.

  • Is Velocity Frequent Flyer membership required?

    Yes, you’ll need to be a Velocity Frequent Flyer member so that we can send you bonus Velocity Points that you earn with your credit card. If you're not currently a Velocity Member head to velocityfrequentflyer.com where you can join for free online.

    If you choose not to join Velocity Frequent Flyer, you’ll be ineligible for any offers or benefits relating to Virgin Australia or the Velocity Frequent Flyer Program.

  • More Credit Card FAQs

    Click here for more FAQs on applying for credit cards online.

    More FAQs can be found here,