BOQ Platinum Visa review: Score 100,000 Q Rewards and 0% balance transfers for 12 months in Australia

Why the BOQ Platinum Visa stands out in Australia

The BOQ Platinum Visa is a competitive credit card for Australians looking to combine travel rewards with a practical 0% balance transfer offer. With a headline feature of 0% balance transfer for 12 months and a 1% balance transfer fee, the card gives you breathing space to manage existing debt while you earn Q Rewards points.

For regular spenders the BOQ Platinum Visa delivers value through a 2 Q Rewards points per $1 earn rate on eligible purchases and a large sign-up incentive of 100,000 Q Rewards points. That mix of short-term debt relief and rewards makes this card relevant for many Australian households.

Rewards, signup bonus and redemption options

The main draw is the 100,000 Q Rewards bonus after you spend $4,500 in the first three months, which can be redeemed for flights, hotels or gift cards like Woolworths WISH and Myer. Q Rewards points also transfer to partners including Velocity Frequent Flyer and flybuys, giving useful flexibility for travel-savvy Australians.

Beyond the bonus, ongoing earn is solid at 2 points per $1 on eligible spend, letting you accumulate Q Rewards steadily on everyday purchases. If you travel often, transferring points to Velocity can stretch the value when booking domestic or international flights from Australia.

Fees, interest and balance transfer details

Costs matter: the BOQ Platinum Visa has an annual fee of $65 for the first year and $129 p.a. thereafter, so factor that into your cost-benefit analysis. The card’s 0% balance transfer for 12 months is charged a 1% fee up front and reverts to around 21.74% p.a. after the promotional term, so plan to clear transferred balances within the 12 months.

Standard purchase and cash advance rates apply outside promotions, and late payments will attract fees and interest that erode rewards value. Use the 0% balance transfer strategically to consolidate higher-rate debt, but avoid carrying new purchase balances at the revert rate.

How to apply and tips to maximise your Q Rewards

Applying is straightforward for Australian residents: check eligibility, compare your current credit limit and income, then submit an online application with BOQ. Approvals include a credit check, so confirm details like residency and income first to improve your odds of success.

To maximise the BOQ Platinum Visa, meet the $4,500 spend within three months to secure the 100,000 Q Rewards, prioritise eligible purchases, and consider transferring points to Velocity for flights. Regularly review offers in the BOQ rewards portal and pay your balance on time to protect the value of those Q Rewards points.