This is a solid choice if you’re looking to save on interest, especially during the 18-month balance transfer period. Bank of Queensland is the right tool for you
With a low annual fee and reduced costs, it’s great for those needing to consolidate debts or who just want a basic, easy-to-apply-for card.
To help the bank assess your profile, you’ll need to provide some personal details and essential documents to determine your credit limit, for example.
Here’s everything you need to be prepared to complete your application.
To be eligible for the Bank of Queensland, you must:
- Be at least 18 years old
- Have a good credit rating
- Prove your ability to repay with a taxable income of at least $25,000 per year
- Be a permanent resident or Australian citizen and have a utility bill in your name to prove your address
Have these handy
Being prepared with the required documents will speed up the process.
First, you’ll need your driver’s licence number or another valid ID like a passport and Medicare card.
Details about your income and expenses, such as payslips or your employment contract, as well as proof of expenses like insurance and education fees, are important for assessing your profile.
Your employment details are also crucial. If possible, allow the bank to contact your employer to confirm some details if needed.
Lastly, if you plan to do a balance transfer, have your account details ready. Just keep in mind that the total of your balance transfers can’t exceed 80% of your credit limit.
If you’re missing any of these items, don’t stress—the bank will guide you through the process as much as you need.
How to Apply for Bank of Queensland
Once you’ve got everything you need to fill out the form, it should only take a few minutes to complete.
- Contact Details: Provide your personal details, along with your address, ID, and how the bank can get in touch with you. Make sure to use your best email for receiving updates about the card.
- Identification: You can choose how you’d like to verify your identity, using either your driver’s licence, passport, or Medicare card. We recommend using at least two options to boost security.
- Choose Your Statement Preference: Decide if you want to receive your statements in paper or electronically. If you opt for paper, there’s a $2 printing fee. You can change this preference anytime through internet banking or customer service.
- Confirm Your Status: Indicate whether you’re a new or existing customer and hit the “NEXT” button.
- Complete the rest: Fill out the remaining sections about your employment and income, then submit the form after double-checking all your details.
When Will You Hear Back?
You’ll get a notification by email or SMS within 2 business days after submitting your application.
To finalise the credit card agreement, all required documents must be presented as requested by the bank, and your employment information will also need to be verified.
If you’re unable to meet all the requirements, your approval might be cancelled. So if you need help, reach out through the bank’s official support channels:
📱 FAQs and chat in the app or internet banking
📞 MyBOQ App Support: 1300 737 766
📞 General Information Centre: 1300 55 72 72