Suncorp Clear Options Business credit card

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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.

18.45% p.a.

Purchase rate

1

Reward point

Per $ spent

$45 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameSuncorp Clear Options Business Credit Card
Rewards programSuncorp Bank Rewards Program
Purchase rate18.45% p.a.
Annual fee$45
Interest-free period55 days
Cash advance rate19.45% p.a.
Min credit limit$2,000
Card typeVisa
Foreign currency conversion fee3.4%
Available to temporary residentsNo
Joint applicationNo

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 programSuncorp Bank Rewards Program
Rewards points per $ spent1
Rewards points cap80,000
Annual fee$45
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee1.5%
Additional cardholder fee$45
Number of additional cardholders99

Expert review

Amy Bradney-George

Review by


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).

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.

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.

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.

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6 Comments

    Default Gravatar
    Karen
    July 13, 2018

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

      Default Gravatar
      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

    Default Gravatar
    surendra
    May 16, 2016

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

      Avatarfinder 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

    Default Gravatar
    Glen
    August 11, 2015

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

      Avatarfinder 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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