The Benefits
The BoQ Blue Visa Credit Card has a low annual fee, interest free days, Q Rewards program, competitive interest rates and the ability to make purchases online, by telephone or in person. Other features and benefits include Internet and phone banking, bill pay with Bpay, purchase cover insurance and the knowledge that Visa is offered worldwide.
Internet banking is a handy perk as it allows the card holder to set up an online account for the purpose of account management. It also allows the card holder monitor the account for accuracy and unauthorized payments and to pay the bill online. This will help the card holder to make timely payments and avoid late charges.
Phone banking allows the card holder to check their balance as well as when the next payment is due.
The Rewards Program
The Q Rewards program allows the card user to accrue points for every $200 spent via the BoQ Blue Visa Credit Card. The points are redeemable for goods, services or payments toward your annual fee or monthly balance.
There is no fee to participate in this program and points can be redeemed at any participating merchant. Be sure to check with a merchant before using the Rewarder card to redeem points as they may have spending requirements before redemption is allowed. Points may not be redeemed outside of Australia. Points may not be redeemed for cash.
Interest free Days
An incredible perk offered by a credit card company is interest free days. That means if the balance on the credit card is paid by the end of the billing cycle, the account will not be charged any interest. What that amounts to for the card holder is, technically, an interest-free loan. When a charge is made against the credit card, the issuer pays the vendor for that item. The card issuer charges the card holder a fee for paying that charge, or for lending the card holder the money to pay for that item.
Interest free days do not apply to cash advances. The normal, daily interest rate will apply. Also note, if the credit card holder is carrying a balance forward and has cash advance on the books, the payment made will go towards the balance with the lower interest rate first until that balance is paid. In the event, the purchase balance is the lesser of the two, the purchase balance will receive credit for the payment and the cash advance balance will continue to be charged interest for the full amount of the balance.
The Application
Applying for the BoQ Blue Visa Credit Card is easy, convenient and can be completed online. The completed application can be sent by postal mail or delivered to the credit union in person. To be eligible to apply for the BoQ Blue Visa Credit Card, the applicant must be at least 18 years of age, have a good credit rating, earn a taxable income of at least $25,000 per year or more and be a permanent resident of Australia. If the applicant is already a BoQ Blue Visa Credit Card holder, you must have held the current account for at least 9 months before applying for a new BoQ Blue Visa Credit Card.
To complete the application, the applicant must provide their contact information, driver’s license number if the applicant has one (a driver’s license is not required to apply for the BoQ Blue Visa Credit Card), employer information including telephone number and address. If self employed provide the name of your accountant, the company name and telephone number. If you are to apply for a credit card balance transfer, provide the accounts and the balance to be transferred.
