BOQ - Low Rate Visa Credit Card
Balance Transfer offer
The BOQ Low Rate credit card has a purchase interest rate of 13.99% and up to 55 days interest-free on any purchases. This interest-free period does not apply when in the initial balance transfer rate (0% for 18 months) period. A 2% balance transfer fee applies and after 18 months the rate reverts to the cash advance rate of 21.99%.
An introductory balance transfer interest rate of 0% p.a. for 18 months.
Annual Fee
$65 per year
Balance Transfer
0% for 18 months reverts to 21.99% p.a.
2% BT fee applies.
2% BT fee applies.
Purchase Rate
13.99% p.a.
Interest Free Period
up to 55 days
Details
Card Type
Visa
Minimum Repayment
2% or $25
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$2,000
Maximum Credit Limit
$30,000
Fees
Annual Fee
$65
per year
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$15
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
13.99% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer
0% for 18 months
reverts to 21.99% p.a.
2% BT fee applies.
2% BT fee applies.
Balance Transfer Limit
80%
of credit limit
Balance Transfer Fee
2%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Overseas Cash Advance Fee
1.50% or $30
per transaction, whichever is greater
Eligibility
Minimum Age
18
years old
Minimum Income
$25,000
per year
Temporary Residents
No
Joint Application
No
Perks
Complimentary Travel Insurance
No
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who:
- Are seeking a line of credit facility for everyday spending and that has a low interest rate.
- Are an existing BOQ customer or are seeking to be a BOQ customer.
- Meet eligibility criteria and serviceability requirements for the Product.
- Are likely to carry a balance and look to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit BOQ to view Target Market Determination Effective From: 2024-10-31.
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