Suncorp Clear Options Gold Credit Card

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.

Sally McMullen

Last Updated Jun 22, 2021

20.5% p.a.

Purchase rate

Reward point

Per $ spent

$120 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Suncorp Clear Options Gold Credit Card
Rewards program	Suncorp Bank Rewards Program
Purchase rate	20.5% p.a.
Annual fee	$120
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$5,000
Max credit limit	$25,000
Card type	Visa
Foreign currency conversion fee	3.4%

Minimum income	$30,000
Available to temporary residents	No
Joint application	No

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 program	Suncorp Bank Rewards Program
Bonus points	N/A
Rewards points per $ spent	1

Annual fee	$120
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%
Additional cardholder fee	$0
Number of additional cardholders	4

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

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.

The spend threshold before the reduced earn rate kicks in is relatively low compared to other cards. Consider your average monthly spend and whether or not this reduced earn rate will limit your points potential.

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.

Age. You must be at least 18 years old to apply.
Credit history. You'll need a good credit score to apply for this card. You can check your comprehensive credit report and score for free through Finder.

Required documents

Personal information. Including your full name, date of birth, marital status, residential address and contact details.
Identification. You'll be required to provide proof of identification such as your driver's licence number.
Employment. This includes your current place of employment, your employer's contact information and proof of income including recent payslips or bank statements.
Finances. You'll be asked to list any assets such as savings or liabilities including existing credit card debts or loans.

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.

Security. You can shop online safely with Verified by Visa and will be protected against fraudulent transactions with FRAUDSHIELD and Visa Zero Liability.
Customer service. You can contact the 24/7 customer service from around the world and request a lost card replacement within 24 hours in Australia. You can also manage your account easily through internet banking.
Mobile wallets. You can link your credit card with Apple Pay and Samsung Pay to make contactless payments with your eligible smartphone or smartwatch.

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.

Cash advances. If you use your card for cash advances, like ATM withdrawal fees, you'll be charged a 21.99% p.a. cash advance interest rate.
Foreign transaction fee. If you use this card to shop overseas or online with a foreign merchant, you'll be charged the 3.4% foreign transaction fee.
Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases.
Additional cardholders. You can request up to 4 additional cardholders at no extra cost. As the primary cardholder, you'll be responsible for any transactions made using the additional cards.

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24 Comments

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.

finder 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

Adele
July 26, 2014

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

finder 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

Ken
January 8, 2014

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

finder 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.

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?

finder 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.

Danielle
November 20, 2013

Can you check my credit file?

finder Customer Care

Jacob
November 20, 2013

Hi Danielle,

Thanks for your question.

You can find information on how to order a copy of your credit file.

I hope this helps.

Cheers,
Jacob

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Suncorp Clear Options Gold Credit Card