Suncorp Clear Options Business Credit Card – Details and Application

The Suncorp Clear Options Business Credit Card lets you maximise your business cash flow and get rewarded in the process.

Tailored specifically for the needs of small to medium businesses, the Suncorp Clear Options Business Credit Card provides the opportunity for positive cash flow and streamlined accounting. It also offers an optional rewards program and up to 99 additional cardholders.

Suncorp offers four Visa credit cards – Low Rate, Gold, Platinum and Business – with varying features and bonuses. If you only require a single card, it may be worth including these options in your credit card comparison.

Product NameSuncorp Clear Options Business Credit Card
Rewards ProgramSuncorp Bank Rewards Program
Purchase rate (p.a.)18.45% p.a.
Annual fee$45 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)19.45% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$2,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$45 p.a.
Late Payment Fee$10
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Cash Advance Fee3.50% of the Transaction amount, with a minimum charge of $3.50
Overseas Cash Advance Fee1.50% of transaction amount
Gambling Transactions AllowedNo
Additional Cardholder Fee$45
Number of Additional Cardholders99
Rewards ProgramSuncorp Bank Rewards Program
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap80,000

Suncorp Clear Options Business Credit Card review

The Suncorp Clear Options Business Credit Card is designed to keep your business expenses on track. As well as offering up to 99 additional cards for employees, you can tailor the credit limit for each cardholder and produce individual statements for their expense claims. These features can lead to more accountability for spending, less paperwork and a more streamlined accounting system.

This unsecured line of credit also gives you the flexibility to carry a balance when you make minimum monthly payments by the statement due date. Alternatively, you can take advantage of up to 55 days interest-free if you pay off your balance by the statement due date.

Benefits of the Suncorp Clear Options Business Credit Card

Some of the main benefits of the Suncorp Clear Options Business Credit Card include:

  • Total expense management. You can set monthly limits and receive individual statements for each card linked to this account, which may help you keep track of expenses.
  • Rewards Program. The optional Suncorp Rewards Program offers flexibility in membership and reward options, allowing you to earn 1 point for every dollar spent. The standard membership level costs an extra $20 p.a. (per card) and the premium membership costs an extra $69 p.a. (per card). Reward options include flights, gift vouchers and cashback.
  • Security features. FRAUDSHIELD protects your card with premium security technology that detects and prevents sophisticated fraud attempts. Dedicated customer service is also available 24 hours a day and emergency card replacement is available within 24 hours, Australia-wide.
  • Visa features and services. Get extra security for online purchases through Verified by Visa, enjoy tap-and-go payments for transactions under $100 and get access to exclusive ticket and entertainment offers through Visa Entertainment.

Features of the Suncorp Clear Options Business Credit Card

  • Annual fee. The main cardholder and each additional cardholder are charged $45 each year.
  • Interest rates. General purchases are charged at 18.45% p.a. and the cash advance rate is 19.45% p.a.
  • 55 days interest-free. Maintain a positive cash flow with up to 55 days interest-free on retail purchases as long as the balance is paid in full by the due date on each statement.

How to apply for the Suncorp Clear Options Business Credit Card

You can apply for the Suncorp Clear Options Business credit card in a Suncorp Bank branch or by calling the customer service team on 13 11 55 between 8:30am and 6pm, Monday to Friday. Before you apply, make sure you meet the following eligibility requirements and have all the relevant documents and details on hand.

Eligibility criteria

Make sure you meet the following eligibility criteria before applying for the Suncorp Clear Options Business Credit card.

  • You must be over 18 years of age
  • You must be a business owner, partner or company director

Documents and details

  • Business details. This includes the type of business, legal name of applicant, business trading name, contact details and Australian Business Number (for partnerships and trusts).
  • Applicant details. You will need to provide details such as your full name, date of birth, driver's licence number, nationality and both your personal and work contact information. If more than one business owner is applying, the second applicant will also have to provide these details.
  • Financial information. This includes your income, expenses, assets and liabilities, as well as details of your business profits, assets and liabilities. You will also need to provide your accountant's contact details and supporting documentation, such as recent tax returns.

Note that any cards for additional individuals, such as employees, can be requested by submitting an additional cardholder request form.

The Suncorp Clear Options Business Credit Card provides a range of features to streamline business accounting and the option of getting rewards for work spending. Now that you know more about the features and benefits of this card, you can compare a range of options to find the right product for your business' needs.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

6 Responses

  1. Default Gravatar
    KarenJuly 13, 2018

    Can I access my Suncorp Clear Options Visa account online rather than waiting for the statement to be mailed?

    • finder Customer Care
      JoelJuly 13, 2018Staff

      Hi Karen,

      Thanks for leaving a question on finder.

      Yes. The easiest way to activate your card is via Suncorp Internet Banking. Register or log into Suncorp Internet Banking and go to Credit Card Services> Card Services> Card Activation/Deactivation. Alternatively, you can call them on their customer service hotline. You must activate your card and set up your PIN before you can start using it. If you are an additional card holder, the primary cardholder is required to activate their card first.

      Cheers,
      Joel

  2. Default Gravatar
    surendraMay 16, 2016

    I try to create the Internet Banking. but I can not success to open.

    • finder Customer Care
      SharonMay 16, 2016Staff

      Hi Surendra, thanks for your comment.

      Online application requires a reliable internet connection and make sure that the uploaded attachments meet the specific file sizes. Otherwise, you may have entered some information incorrectly or there could’ve been an issue on their end. We would recommend that you contact Suncorp directly on 13 11 75 or visit their local branch to receive assistance with your application.

      I hope this helps.

      Thanks,

      Sharon

  3. Default Gravatar
    GlenAugust 11, 2015

    What is the difference in rewards between the standard and premium rewards programme.

    • finder Customer Care
      JonathanAugust 12, 2015Staff

      Hi Glen, thanks for your inquiry!

      If you are a Suncorp credit card holder you are automatically enrolled into the rewards program. Standard and premium rewards options are available through this program. For more information on this rewards program please refer to the link I have sent to your email.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated November 15th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Low Fee Platinum Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
finder Exclusive: Take advantage of 0% p.a. interest for 25 months on balance transfers with no balance transfer fee.
Citi Platinum Credit Card - Exclusive Offer
0% p.a. for 13 months (reverts to 20.99% p.a.)
0% p.a. for 13 months
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
finder Exclusive:
Save with 0% interest on purchases and balance transfers for 13 months (with no BT fee). Plus, a discounted $49 annual fee for the first year.
Virgin Australia Velocity Flyer Card - Exclusive Offer
0% p.a. for 14 months (reverts to 20.74% p.a.)
0% p.a. for 6 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
finder Exclusive: Save on credit card costs with half the annual fee for the first year and a 0% p.a. interest rate on purchases for 14 months.
American Express Westpac Altitude Platinum Bundle - Qantas - Exclusive Offer
20.24% p.a.
$50 p.a. annual fee for the first year ($249 p.a. thereafter)
finder Exclusive:
Up to 90,000 bonus Qantas Points when you meet the criteria with this dual Visa (issued & serviced by Westpac) & Amex (issued & serviced by Amex).

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site