Suncorp Clear Options Platinum Credit Card

Earn up to 60,000 bonus points and pay 0% p.a. on balance transfers for the first 18 months.

Apply for the Suncorp Clear Options Platinum by 30 June 2019 and you can get 60,000 bonus points when you spend $1,500 on eligible purchases each month for the first 6 months.

This card also offers points per $1 spent and complimentary insurance, including cover for overseas travel. If you have existing debt to pay off, you can also take advantage of a 0% p.a. interest rate on balance transfers for the first 18 months with no balance transfer fee (reverts to the variable 21.99% p.a. cash advance rate).

Product NameSuncorp Clear Options Platinum Credit Card
Rewards ProgramSuncorp Bank Rewards Program
Balance transfer rate0% p.a. for 18 months
Balance transfer revert rate
The interest rate that will apply to any remaining balance after the balance transfer term ends.
Cash Advance Rate (21.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.) 20.74% p.a.
Offer end date30 June 2019
Annual fee$129 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.)21.99% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$6,000
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$30,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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 InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$129 p.a.
Minimum Monthly Repayment2% or $30, whichever is the greater
Late Payment Fee$30
Foreign Currency Conversion Fee (VISA)
Charged when you make a transaction that is converted by Visa 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 Fee3.5% of the transaction amount, with a minimum fee of $3.50
Overseas Cash Advance Fee1.50% of the transaction amount (after conversion to Australia)
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4

Pros

  • Balance transfer offer of 0% p.a. for 18 months with no balance transfer fee.
  • Up to 60,000 bonus Suncorp Rewards Points when you spend at least $1,500 on eligible purchases per month in the first 6 months from card approval.
  • Earn 0.5 Qantas Frequent Flyer points for every $1 spent on eligible purchases up to $8,000 per statement period when you select Qantas rewards.
  • Earn 1.25 Suncorp Rewards points per $1 spent if you do not opt for Qantas Frequent Flyer.
  • Complimentary insurances are offered including travel insurance, purchase protection, transit accident insurance, etc.

Cons

  • At the end of the promotional period, balance transfer rate will revert to the cash advance rate of 21.99% p.a.
Rewards ProgramSuncorp Bank Rewards Program
Bonus Points60,000 bonus points
Rewards Points per $ spent (VISA/MC)1.25
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Suncorp Clear Options Platinum Credit Card

  • Bonus points offer. To collect the maximum 60,000 bonus points available on this card, you need to apply by 30 June 2019 and spend $1,500 on eligible purchases each month in the first 6 months from card approval. If you do not meet the minimum spend for one monthly statement cycle, you won't earn bonus points for that month but will still be eligible to earn bonus points by meeting the spend requirement in subsequent months during the offer period.
  • Suncorp Rewards or Qantas Points per $1 spent. Earn 1.25 Suncorp Rewards Points per $1 spent, uncapped. If you're a Qantas Frequent Flyer member, you can pay a $49 p.a. fee to enrol in Suncorp's Qantas Frequent Flyer Rewards Program, which offers 0.5 Qantas Points per $1 spent, up to 4,000 points per statement period. With this card, eligible purchases cover most everyday transactions – including dining, travel, grocery and petrol spending. Transactions that don't earn points include BPAY payments, cash advances, balance transfers and government charges.
  • 0% on balance transfers for up to 18 months. Get a 0% interest rate on balance transfers requested at the time of your credit card application with no balance transfer fee. At the end of the introductory period, any remaining balance will attract the variable cash advance rate, currently 21.99% p.a. Note that the 0% p.a. rate is not available for debts from other Citigroup or Suncorp Bank credit cards and you can balance transfer up to 80% of your approved credit limit.
  • Complimentary insurance. Book your overseas travel ticket with this card and you'll get complimentary travel insurance for you and your eligible spouse or dependents travelling with you. Plus, this card offers complimentary transit accident insurance, interstate flight inconvenience insurance and extended warranty cover. Refer to the complimentary credit card insurance booklet on the Suncorp website for full details of eligibility and cover.
  • Concierge service. This card offers a complimentary, 24/7 concierge service that can help you with tasks such as travel bookings, personal shopping, events, hotel bookings and restaurant bookings.

Rates and fees of the Suncorp Clear Options Platinum Credit Card

  • Annual fee. This card has an annual fee of $129, so make sure you weigh this against the potential value you'll get from points and perks.
  • Purchase rate. A variable interest rate of 20.74% p.a. applies to purchases made on this card, which is on the higher end of the scale.
  • Up to 55 days interest-free on purchases. This card offers up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement. Interest-free days do not apply when you carry a balance transfer debt.
  • Cash advance rate. The Suncorp Bank Clear Options Platinum charges a variable cash advance rate of 21.99% p.a.
  • Cash advance fee. If you use this card to withdraw cash in Australia, a fee worth 3.5% of the transaction amount, with a minimum fee of $3.50. If you withdraw money overseas, 1.50% of the transaction amount (after conversion to Australia) will apply. Note that an international transaction fee may also apply when you withdraw cash overseas.
  • International transaction fee. This card charges a fee worth 3.4% of each transaction made overseas or online with a retailer that's based overseas.

How to apply for the Suncorp Clear Options Platinum Credit Card

You can apply for the Suncorp Bank Clear Options Platinum online in around 10 minutes and should hear back about your application within 5–7 business days. Before you get started, make sure you meet the eligibility criteria and have all the relevant documents and details on hand.

Eligibility criteria

  • Minimum income. You need to earn at least $35,000 per year to apply for this card.
  • Residency. You must be an Australian citizen or permanent resident.
  • Age. You must be at least 18 years old to apply.
  • Credit rating. You need to have a good credit rating to apply for this card.
  • Apply by 30 June 2019. If you want to take advantage of the bonus points offer on this card, you need to apply by 30 June 2019.

Documents and details to provide

  • Personal information. This includes your full name, date of birth, nationality, marital status, residential address, email address and contact number. You also need a valid form of ID, such as your driver's licence number.
  • Employment details. You need to provide details of your employment status, salary and your employer's contact details. If you're self-employed, you need to provide your accountant's contact details. You may also need to provide recent payslips to verify these details.
  • Financial details. This includes any other income you receive, such as government payments or pension payments. You also need to share details of any assets (such as savings or shares), debts and loans, as well as estimates of your ongoing expenses.
  • Balance transfer details. If you want to transfer a balance from another financial institution, you need to provide details of the debt, including the amount you want to transfer, the account name and number, and the financial institution's BSB.
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Credit Cards Comparison

Rates last updated May 26th, 2019
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