Balance transfer offers

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.

  • 0% p.a balance transfer for the first 6 months with no balance transfer fee1 (reverts to cash advance rate thereafter).
  • 0% p.a on purchases for the first 6 months with no balance transfer fee1 (reverts to ongoing purchase rate).

Earn Q Rewards® points with a Blue Visa Credit Card

Blue Visa Credit Card

Money Magazine’s Best Rewards Credit Card for 2020, earn 1 Q Rewards points for every dollar spent on Eligible Transactions.8

  • 0% p.a balance transfer for 18 months with no balance transfer fee 2 (reverts to cash advance rate. No interest free days apply while you have a balance transfer).

Earn Q Rewards points and enjoy perks

Platinum Visa Credit Card

The premium rewards card that has you covered, from purchases to rewards, with 2 Q Rewards credit card points earned on every dollar of eligible spend8. Including complimentary insurance and extended warranties (terms, conditions, limits and exclusions apply)7

  • 0% p.a. balance transfer for 14 months with $0 balance transfer fee3 (Reverts to cash advance rate. No interest free days apply while you have a balance transfer.)
  • Up to 120,000 bonus Q Rewards® points (60,000 points when you spend $3,000 in the first 2 months from card approval, plus a further 60,000 points when you spend $10,000 in the first year) on Eligible Transactions5

What is a balance transfer?

A balance transfer involves transferring the balance(s) on your other credit cards or loans to a BOQ Credit Card at a promotional rate for a set period of time. It can be a great way to save on Interest Charges. Reverts to Cash Advance rate.

BOQ offers three great credit cards, and right now each comes with a competitive balance transfer offers. 

Balance Transfer FAQs

Frequently asked questions about balance transfers

  • What is a credit card balance transfer?

    A balance transfer involves transferring the balance(s) on your other credit cards or loans to a BOQ Credit Card at a promotional rate for a set period of time. It can be a great way to save on Interest Charges. 

  • What fees are involved with a balance transfer?

    A balance transfer fee may be applicable on some promotional offers*. This fee is calculated as a percentage of the total amount being transferred and is added to the balance transfer amount.

    For example, a balance transfer amount of $10,000 with an advertised 2% balance transfer fee results in the outstanding balance of your credit card to increase by $10,200 - $200 of which is the balance transfer fee.

    At the end of the balance transfer period, the interest rate on any outstanding transferred balance and balance transfer fee will revert to the variable annual percentage rate (APR) for cash advances.

    *BOQ does not currently charge balance transfer fees on any promotional offers.

  • How long is the interest free period with a balance transfer?

    You are not entitled to any interest free days if a balance transfer is active on your account.

  • How much can I balance transfer?

    You can transfer up to 80% of your credit limit.

  • Can I make a balance transfer from a non-BOQ credit card?

    Yes. You can transfer up to 100% of the balance on your existing non-BOQ Credit Card, up to 80% of your credit limit on your BOQ Credit Card.

  • Can I make a balance transfer from another BOQ credit card?

    No. An existing BOQ credit card balance cannot be transferred to another BOQ branded credit card.

  • How do I make a balance transfer?

    You can apply for a balance transfer at the time of your new credit card application, or within 90 days from the approval date of your credit card application. Please call 1300 55 72 72 to discuss options should you wish to transfer a balance from another financial institution.

  • When will my balance transfer be complete?

    A balance transfer may take up to 10 days to be received and processed by the recipient financial institution or credit card provider.

  • Am I eligible to make a balance transfer?

    You are eligible to make a balance transfer from a credit card account in your name.