Suncorp Clear Options Business credit card

Last updated: Oct 21, 2020

Manage your cash flow and enjoy the option of earning credit card or frequent flyer points on your business spending.

The Suncorp Clear Options Business credit card offers up to 55 days interest-free on purchases and additional cards for employees.

You can also pay a fee of $20 p.a. per card to earn points through the Suncorp Rewards program or $69 p.a. per card to earn points through the Qantas Frequent Flyer program.

18.45% p.a.

Purchase rate

Reward point

Per $ spent

$45 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Suncorp Clear Options Business Credit Card
Rewards program	Suncorp Bank Rewards Program
Purchase rate	18.45% p.a.
Annual fee	$45
Interest-free period	55 days
Cash advance rate	19.45% p.a.
Min credit limit	$2,000
Card type	Visa
Foreign currency conversion fee	3.4%

Available to temporary residents	No
Joint application	No

Pros

This card comes with a low annual fee of $45
You'll get rewarded with 1 point per $1 on eligible business spending.
This card offers an interest-free period of up to 55 days on retail purchases.

Cons

The standard membership level of the Suncorp Rewards Program costs an extra $20 p.a. (per card) and the premium membership costs an extra $69 p.a. (per card).

Rewards program	Suncorp Bank Rewards Program
Rewards points per $ spent	1
Rewards points cap	80,000

Annual fee	$45
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%
Additional cardholder fee	$45
Number of additional cardholders	99

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Suncorp Clear Options Business credit card gives you a way to keep track of spending across the entire company, with up to 99 additional cards for employees. You can set individual monthly limits for each card, get separate statements and track overall account spending, which could help speed up accounting tasks. But as each card linked to the account attracts an annual fee of $45, make sure you check out other options to find a card that fits your company's budget.

If you want to be rewarded as you spend, the Suncorp Clear Options Business also gives you the option of upgrading to a rewards option. If you choose Suncorp Rewards, you’ll earn 1 point per $1 spent on retail purchases, with a cap of 80,000 points per year for each card. If you choose the Qantas Frequent Flyer option, you’ll earn the equivalent to 0.4 Qantas Points per $1 spent (after conversion from Suncorp Rewards points).

While both rewards programs attract additional yearly fees per card, they also give you access to a personal business assistant and travel booking service that could help you save time on work travel, conferences and other tasks.

How to apply

You can apply for the Suncorp Clear Options Business credit card in a 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

Age. You must be at least 18 years old to apply.
Business requirements. You must intend to use this account primarily for business spending. You must also be the business owner, partner or company director to apply for this card.

Required documents

Business details. This includes the type of business, legal name of applicant, business trading name, contact details and Australian Business Number (if it’s a partnership or trust).
Business financial details. This covers 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 BAS (Business Activity Statements) or tax assessment notices.
Personal 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.
Personal financial information. This includes your income and assets, such as a home or investment property, as well as liabilities including mortgage payments, rent, credit cards and other loans.

Card benefits

Additional cards for employees. Add up to 99 additional cardholders to this account and set individual spending limits for each one. You can also get monthly statements issued separately to each additional cardholder.
Account management. Keep track of spending for each cardholder and across the entire account through Internet and mobile banking. You'll also get a monthly account statement that shows all of the transactions, which can help speed up accounting and budgeting tasks.

Suncorp Rewards option. This option gives you 1 point per $1 spent on eligible purchases, up to 80,000 points per year on each card. You can redeem these points for a variety of rewards including gift cards, travel bookings, retail items and point transfers to Flybuys, Velocity Frequent Flyer, Emirates Skywards or Singapore Airlines KrisFlyer. A yearly rewards fee of $20 p.a. per card applies for this option. While eligible purchases include most everyday spending, transactions that don't earn points include BPAY payments, government transactions (including payments to the ATO), cash advances, account fees and the purchase of foreign currency.
Qantas Points option. If you want to earn Qantas Points, you can opt to have your rewards automatically transferred to your Qantas Frequent Flyer account at a rate of 2.5 Suncorp Rewards points to 1 Qantas Point. This is equivalent to earning 0.4 Qantas Points per $1 spent. You can redeem your points for flight rewards, upgrades and more through the Qantas Frequent Flyer website. An annual rewards fee of $69 p.a. per card applies for this option.
Personal business assistant. If you choose to earn rewards through this account, you'll also get access to a personal assistant service that can help with tasks including travel event and hotel bookings, gift shopping and conference services.
Suncorp Travel Centre. This online portal is available for rewards cardholders and gives you a way to search for flights, accommodation, car hire and holiday packages, with the option of using points to help pay for your trip.
Interest-free days. This card gives you up to 55 days interest-free on purchases if you pay the full account closing balance by the due date on your statement.
Visa benefits. This card gives you access to exclusive pre-sale ticket and entertainment offers through Visa Entertainment. You can also get an extra layer of security for online purchases via Verified by Visa.

Rates & fees

Annual fee. An annual fee of $45 applies for each card linked to your Suncorp Clear Options Platinum Business credit card account.
Purchase rate. Purchases you make with this card attract an interest rate of 18.45% p.a.

Cash advance rate. If you use this card to withdraw cash or for any other cash advance transaction, an interest rate of 19.45% p.a. will apply from the date of the transaction.
International transaction fee. A fee of 3.4% applies for every transaction made overseas or online in a foreign currency.
Security. This card offers lost card replacement within 24 hours, zero liability for fraudulent transactions and FRAUDSHIELD security.

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6 Comments

Karen
July 13, 2018

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

Joel
July 13, 2018

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

surendra
May 16, 2016

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

finder Customer Care

Sharon
May 16, 2016

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

Glen
August 11, 2015

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

finder Customer Care

Jonathan
August 12, 2015

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

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Suncorp Clear Options Business credit card