Suncorp Clear Options Gold Credit Card

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Earn rewards as you spend and save with complimentary insurance on purchases with the Suncorp Clear Options Gold credit card.

You can reward every $1 you spend, add an additional cardholder at no extra cost and take advantage of Visa Entertainment perks with the Suncorp Clear Options Gold credit card. These perks come at the cost of $120 annual fee.

20.5% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

$120 p.a.

Annual fee

55 days

Interest free period

Details

Product NameSuncorp Clear Options Gold Credit Card
Rewards ProgramSuncorp Bank Rewards Program
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Purchase rate (p.a.)20.5% p.a.
Annual fee$120 p.a.
Interest Free Period55 days
Cash advance rate (p.a.)21.99% p.a.
Min credit limit$5,000
Max credit limit$25,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceNo
Minimum Income$30,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • You can enjoy an interest-free period of up to 55 days on purchases.
  • This card comes with complimentary insurance covers including Purchase Security Insurance and Guaranteed Pricing Scheme.

Cons

  • There is a high purchase interest rate of 20.5% p.a.
Rewards ProgramSuncorp Bank Rewards Program
Rewards Points per $ spent (Visa/Mastercard)1
Annual fee$120 p.a.
Minimum Monthly Repayment2% of the closing balance or $30, whichever is greater
Late Payment Fee$30
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Cash Advance Fee3.5% or $3.50, whichever is greater
Overseas Cash Advance Fee1.5%
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Suncorp Clear Options Gold credit card is suited to points chasers who prefer flexible rewards programs. This is because you can use your points to buy gift cards and merchandise from the rewards store or exchange them for points with a number of partnered frequent flyer schemes. To give you an idea of your rewards potential, you can redeem a $200 gift card for 41,700 points at the time of writing.

How to apply

You can apply for the Suncorp Clear Options Gold credit card online. Just check if you meet the eligibility criteria and that you have the necessary documents to complete the application.

Eligibility criteria

  • Income. You must earn a minimum of $30,000.
  • Residency. This card is only available to Australian permanent residents.

Card benefits

  • Rewards program. You can earn 1 Reward point for every $1 spent for the first $1,500 each month and 0.5 Reward points thereafter for the remainder of the statement month. You can redeem your points for travel, merchandise, gift cards and more from the Suncorp Rewards website. If you prefer frequent flyer or shopping points, you can exchange your Suncorp Rewards for Emirates Skywards Miles, Velocity Frequent Flyer Points, Singapore Airlines KrisFlyer Miles and flybuys points.
  • Guaranteed pricing scheme. If you use your card to purchase an item and find advertised elsewhere for a more competitive price, you'll be reimbursed up to $500 for the difference. Terms and conditions apply.

Rates & fees

  • Annual fee. This card charges a $120 annual fee.
  • Purchase interest rate. This card charges a variable purchase rate of 20.5% p.a.

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26 Comments

  1. Default Gravatar
    linda
    February 10, 2015

    I have GE master card with 900.00 owing, I am on Centrelink, can I transfer to Suncorp & have a $1000.00 limit card?
    Linda.

    • Avatarfinder Customer Care
      Jonathan
      February 11, 2015

      Hi Linda, thanks for your inquiry!

      Please note that lenders have individual lending policies. Suncorp Bank will need to assess your financial and personal situation to be able to advise on your options and eligibility.
      The minimum income requirement for this card is $30,000 p.a. with a minimum credit limit of $5000.

      Cheers,

      Jonathan

  2. Default Gravatar
    Adele
    July 26, 2014

    Now that you no longer provide travel insurance with your gold card, how much will the yearly fee be?

    • Avatarfinder Customer Care
      Shirley
      July 28, 2014

      Hi Adele,

      Just to clarify, finder.com.au is an online comparison service. We are not directly affiliated with Suncorp.

      At the time of writing, the annual fee for this card is $120.

      Cheers,
      Shirley

  3. Default Gravatar
    Ken
    January 8, 2014

    Can I transfer balance from ANZ ac to my Suncorp Gold visa account?

    • Avatarfinder Customer Care
      Jacob
      January 8, 2014

      Hi, Ken.

      If you have an existing Suncorp account that you would like to transfer a balance to, please contact the lender directly to see what balance transfer rate they can give for existing customers.

      Thanks for your question.

  4. Default Gravatar
    Guy
    December 9, 2013

    I am now retired with assets in excess of 2 millions dollars and annual income from investments and superfund in excess of 250,000 dollars.
    What do I need to supply with? Your form asks for the name of my employer but I don’t have any. How do I prove my income to you?

    • Avatarfinder Customer Care
      Jacob
      December 9, 2013

      Hi Guy.

      If you’re retired you can still apply for this card, you will need to select ‘self employed’ and then you will need to provide your accountant’s details so he can verify your information when contacted by the bank.

      Thanks for your question.

  5. Default Gravatar
    danielle
    November 20, 2013

    Can you check my credit file?

  6. Default Gravatar
    Rod
    September 5, 2013

    As an existing Suncorp Clear options Gold Visa Card holder. Can I transfer a credit card balance from a Citibank Cash Back Card to take advantage of the balance transfer offer from Suncorp of 0.9% for 12 months on balances transferred?

    Many thanks

  7. Default Gravatar
    Michael
    July 3, 2013

    Are there any conditions where the interest free period is not 55 days on an item?

  8. Default Gravatar
    Will
    February 1, 2013

    It would appear that this Visa card can not be linked to Qantas Frequent Flyers loyalty programme.

    • Avatarfinder Customer Care
      Jacob
      February 1, 2013

      Hi Will. That is correct. According to the Suncorp Rewards website, ‘As a Suncorp Clear Options Card Member you have access to KrisFlyer and Velocity airline partners. You can transfer your points into either of these programs and redeem for their points. With more than 30 airline partners and hundreds of destinations between them, you will be spoilt for choice.’ Cheers.

  9. Default Gravatar
    Alex
    December 18, 2012

    Hi there,

    I want a credit card (either Mastercard or Visa) that will give me complimentary travel insurance for a trip to Bali.
    Is there any card that will suit my needs? (and do I have to use the card itself to book the travel to be eligible?) Thank you

    • Avatarfinder Customer Care
      Jacob
      December 18, 2012

      Hi Alex. There are a range of that offer complimentary international travel insurance – generally platinum and rewards credit cards have this benefit included. Generally speaking to be eligible for he cover you need to purchase a percentage of your pre-paid travel expenses on your card, things like airfares and accommodation, or spend over a certain amount. Please be sure to check the terms and conditions for specific information on the travel insurance policies, as they differ from card to card. Cheers.

  10. Default Gravatar
    Graeme
    December 12, 2012

    Hi are the points able to be linked to Qantas frequent flyer program.

    • Avatarfinder Customer Care
      Jacob
      December 12, 2012

      Hi Graeme. Thanks for your question. According to the Suncorp Rewards website, ‘As a Suncorp Clear Options Card Member you have access to KrisFlyer and Velocity airline partners. You can transfer your points into either of these programs and redeem for their points. With more than 30 airline partners and hundreds of destinations between them, you will be spoilt for choice.’ Cheers.

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