In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
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Suncorp Clear Options Platinum Credit Card

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Suncorp Clear Options Platinum Credit Card
Terms and conditions apply
Balance transfer rate for 9 months with no balance transfer fee
0% p.a.
Bonus points
120,000
Purchase rate
20.74% p.a.
Reward points per $ spent
1.25

Our verdict

Offers 120,000 bonus Suncorp Credit Card Rewards Points and a discounted $99 first-year annual fee, which goes to $129 after that.

The Suncorp Clear Options Platinum is a rewards credit card that also offers complimentary international travel insurance and interstate flight inconvenience insurance. With the current 120,000 bonus Suncorp Credit Card Rewards Points offer, you'd have enough points for $550 worth of Coles supermarket digital gift vouchers (from 114,700 points for one $500 gift vouchers and one $50 gift voucher). It also offers point transfers to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Emirates Skywards and Flybuys – plus other rewards.

Pros

  • 120,000 bonus points offer
  • 0% p.a. on balance transfers for the first 9 months, with no balance transfer fee
  • $99 annual fee for the first year ($129 thereafter)
  • Complimentary insurance covers including travel insurance, purchase protection and transit accident insurance

Cons

  • The purchase interest rate and cash advance rate are relatively high
  • Opting into Qantas Rewards is subject to a $49 fee
  • A 3.4% international transaction fee applies for spending in a foreign currency

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews

When you apply for the Suncorp Clear Options Platinum by 29 May 2024 and spend $3,000 on eligible purchases within the first 3 months, you'll score 120,000 bonus Suncorp Credit Card Rewards Points. Ongoing, you'll earn up to 1.25 points per $1 spent.

Details

Product details

Product Name Suncorp Clear Options Platinum Credit Card
Balance transfer rate p.a. 0% for 9 months, then 21.99%
Balance transfer limit 80% of available limit
Purchase rate p.a. 20.74%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $6,000
Max credit limit $100,000
Card type Visa

Eligibility

Available to temporary residents No
Minimum income $35,000
Joint application No

Rewards

Rewards program Suncorp Bank Rewards Program
Bonus points 120,000
Rewards points per $ spent 1.25

Fees

Annual fee $99 first year ($129 after)
Minimum monthly repayment 2% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee 3.4%
Cash advance fee 3.5% or $3.50, whichever is greater
Overseas cash advance fee 1.5% of the transaction amount (after conversion to Australian dollars)
Additional cardholder fee $0
Number of additional cardholders 4

How to apply

You can apply for the Suncorp Bank Clear Options Platinum online in around 10 minutes. Before you get started, make sure you meet the eligibility criteria and have all the relevant documents and details on hand.

Eligibility criteria

  • Minimum income. You need to earn at least $35,000 per year to apply for this card.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Bonus points offer. Apply by 29 May 2024 and collect 120,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on eligible purchases within the first 3 months from card approval.
  • Discounted first-year annual fee. Get a $99 discounted annual fee for the first year if you apply and get approved by 29 May 2024. Note that the annual fee will revert to $129 after the first year.

Rates & fees

  • Annual fee. Outside of any promotions, the Suncorp Clear Options Platinum charges a standard annual fee of $129.
  • Purchase rate. A variable interest rate of 20.74% p.a. applies to purchases made on this card, which is on the higher end of the scale.

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