Credit card rates and fees summary

Annual fee{grey-column}

How are Annual Fees charged?

We will charge the Annual Fee to your Account on the last day of the Statement Period in which first use of the Account (being when a transaction is first debited to the Account including a Balance Transfer) occurs. After that, it will be debited each year on the last day of the Statement Period in which anniversary of the day we approved your Account occurs.

You will be charged an Annual Additional Cardholder Fee for each Additional Card on your Account, with the exception of Platinum Visa cards, where no Annual Additional Cardholder Fee will be charged for Additional Cardholders on your Account. The Additional Cardholder Fee is charged to your Account on the last day of the Statement Period in which an Additional Cardholder is added to your Account or on first use of the Account (whichever is later) and may be calculated pro rata if conditions are met. After that, the Annual Additional Cardholder Fee will be charged per Additional Cardholder each year on the same day as your Annual Fee. Your Financial Table sets out more detail about how this fee is charged.

$3.50 per transaction amount or 3.5% of the transaction amount, whichever is higher, for a Cash Advance inside Australia, debited to your Account on the date the Cash Advance takes place.

1.5% of the transaction amount for a Cash Advance outside of Australia, minimum of $4, maximum amount $30, debited to your Account on the date the Cash Advance takes place. This fee is in addition to any International Transaction Fee.

A daily limit of $1,000.00 (subject to Available Credit) applies to your Account for Cash Advances made using a Card to withdraw cash at an ATM, any Australia Post outlet displaying the Bank@PostTM symbol or over the counter at any bank in the world that displays the VISA symbol.

We charge you an International Transaction Fee of 3.3% of the transaction amount, debited to your Account on the date the relevant Retail Purchase or Cash Advance takes place, of which a service and assessment fee of 1% is payable by us to Visa, for any Retail Purchase or Cash Advance transaction in:

• foreign currency once converted to Australian dollars; and/or
• Australian dollars (or any other currency), when either the merchant or its financial institution/payment processor is located or registered overseas, including transactions that involve dynamic currency conversion (that is where a transaction denominated in a foreign currency is converted to local currency which is a service that is offered by certain ATMs and merchants). The process of conversion and the exchange rates applied will be determined by the relevant ATM, merchant or dynamic currency conversion service provider as the case may be. We do not determine whether a Card transaction will be converted into local currency by the merchant or ATM and you may have to check with the relevant merchant or ATM provider.

Note: It may also not always be clear that the merchant or its financial institution/payment processor is located or registered overseas.

$30 debited to your Account after the Payment Due Date if at the time the fee is debited, your Account has an Overdue Amount and the balance of your Account is $50 or more.

Note: This means that you will be charged the fee once for each Statement Period (typically monthly).

You can avoid accidentally incurring a Late Payment Fee by setting up a direct debit. The Direct Debit (Autopay) form can be found here. It provides you with the option to setup an automatic payment on your Payment Due Date for your Total Minimum Payment Due, the Closing Balance or Interest Free Days Payment (if you have a Balance Transfer or Instalment Plan), or a fixed amount.

When you use your BOQ Credit Card at an ATM other than a BOQ ATM, you may be charged a fee by the operator of the relevant ATM network. Any such fee will be disclosed to you before you proceed with the transaction, and you will have the opportunity to cancel the transaction without incurring a fee if you do not wish to proceed.

$2.50 fee applies for each payment made to your Account by cash at an Australia Post outlet displaying the Bank@Post^TM symbol.

$2 each month we issue you with a paper statement, debited to your Account on the last day of the Statement Period. This may be waived in limited circumstances.