Credit Cards (AU)
Bank of Queensland Low Rate Credit Card review
Get the lowdown on the Bank of Queensland Low Rate Credit Card and see if it's a good fit for your wallet. Read our comprehensive review to make an informed decision.
Bank of Queensland Low Rate Credit Card: Enjoy interest-free financing for 12 months!
The Bank of Queensland Low Rate Credit Card might be a perfect fit for your lifestyle if you are looking to save money while making day-to-day purchases.
- Credit Score: You need at least a good rating to apply.
- Annual Fee: Adding this card to your wallet will cost you $55 p.a.
- Intro offer: There is no introductory rewards offer with this card.
- Rewards: There is no rewards program currently.
- P.A.: 0% intro p.a. on purchases and balance transfers for the first 12 months with zero balance transfer fees. After that period, purchases have a 13.49% p.a., and BTs have a 21.49% p.a.
- Other Fees: $3.50 or 3.5% cash advance fee, $15 annual fee for additional cards, $30 late payment fee.
This card serves as an accessible and efficient way for interest-free financing within a real Visa card.
This is one of the best value for money offerings around in Australia, giving you access to some really great features.
You’ll have 0% p.a interest on balance transfers and purchases from account opening, and access to online banking services.
Below, we’ll review everything from costs through fees so you can find out if the Bank of Queensland Low Rate Credit Card is a suitable option for your unique needs. Read on for more!
Bank of Queensland Low Rate Credit Card: What can you expect?
The Bank of Queensland Low Rate offers all new members a chance of interest-free financing for 12 months.
With this card, you’ll get a 0% p.a. for a year on purchases and balance transfers – perfect for big purchases and to consolidate debt.
While this is not a rewards card and offers no points on purchases, you can still get special benefits from it.
With the Bank of Queensland Low Rate, you can break your purchases in monthly installments, and get up to 55 interest-free days on purchases as well.
All of that combined with a real Visa international coverage, security and fraud protection, and online banking options, amounts to $55 p.a. annual fee.
The application is free, and you can complete it in just under 10 minutes.
You will be redirected to another website
Do the pros outweigh the cons?
With its low annual fee and competitive rate, the Bank of Queensland Low Rate Credit Card seems like a solid money-saving option.
But it’s important to look beyond the headline figures – there could be some hidden pitfalls to watch out for. See the pros and cons below.
- Interest-free financing on purchases and BTs for the first 12 months of membership;
- While there’s an annual fee, it’s low at only $55 p.a.;
- Installment Plans can help you break big purchases to fit your budget.
- You won’t find any rewards program with the Bank of Queensland Low Rate.
What are the eligibility requirements?
To qualify for the Bank of Queensland Low Rate, you must be at least 18 years of age with a good credit rating. You also need to earn at least $25,000 yearly, and be an Australian citizen or permanent resident.
Learn how to request the Bank of Queensland Low Rate Credit Card
Applying for this credit card is as easy as using it and saving money. Check the following link to learn about the Bank of Queensland Low Rate Credit Card application process and request yours today!
About the author / Aline Barbosa
The most expensive houses in the US: how much can they cost?
If you like luxury, these expensive houses located in the U.S. will be interesting to you. Read this post to see how much they cost.Keep Reading
Was the Amazon package not delivered? Here are some tips on what to do!
If your Amazon package was not delivered, don’t panic! We've got the steps you need to take to get it sorted out.Keep Reading
Upgrade Visa® Card with Cash Rewards review: Enjoy Low Interest Rates & No Annual Fees
Interested in a cash-back credit card? Read our Upgrade Visa® Card with Cash Rewards review to learn more!Keep Reading
You may also like
See how to apply for the Lowe’s Advantage Card
Get rid of the trips to the hardware store without spending extra money. Apply for a Lowe's Advantage Card and enjoy easy savings.Keep Reading
Westpac Low Rate Credit Card review: Maximize your savings
Trying to keep your interest payments low? Read our Westpac Low Rate Credit Card review and unlock financial freedom for savvy shoppers.Keep Reading
United℠ Explorer Card review: Flexible rewards and unparalleled security features
In this United℠ Explorer Card review you are going to learn about this card's high rewards on dining and travel and more!Keep Reading