Suncorp Clear Options Platinum Credit Card

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Save with an introductory 0% p.a. interest rate on purchases and balance transfers for the first 14 months and a discounted first year annual fee.

Apply for the Suncorp Clear Options Platinum by 30 September 2019 and you can take advantage of a 0% p.a. interest rate on purchases and balance transfers for the first 14 months, with no balance transfer fee. Plus, you can also save $80 with a reduced $49 annual fee for the first year.

0% p.a.

Balance transfer rate

for 14 months

0% p.a.

Purchase rate

for the first 14 months (reverts to 20.74% p.a.)

1.25

Reward points

Per $ spent (Visa/Mastercard)

$49 p.a.

Annual fee

for the first year ($129 p.a. thereafter)

Details

Product NameSuncorp Clear Options Platinum Credit Card
Rewards ProgramSuncorp Bank Rewards Program
Balance Transfer Rate0% p.a. for 14 months
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Balance Transfer Limit80% of available balance
Purchase Rate0% for 14 months (reverts to 20.74% p.a.)
Annual Fee$49 for the first year ($129 thereafter)
Interest Free Period55 days
Cash Advance Rate21.99% p.a.
Minimum Credit Limit$6,000
Maximum Credit Limit$30,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Joint ApplicationNo

Pros

  • Discounted $49 annual fee for the first year
  • 0% p.a. interest on purchases for the first 14 months
  • Balance transfer offer of 0% p.a. for 14 months with no balance transfer fee.
  • 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 points per $1 spent if you opt for Suncorp Rewards.
  • Complimentary insurance covers including travel insurance, purchase protection and transit accident insurance.

Cons

  • At the end of the promotional period, balance transfer rate will revert to the cash advance rate of 21.99% p.a.
  • The purchase interest rate and cash advance rate are relatively high
  • If you spend money in a foreign currency you will be charged a 3.4% of transaction value international transaction fee.
Rewards ProgramSuncorp Bank Rewards Program
Rewards Points per $ spent (Visa/Mastercard)1.25
Annual Fee$49 for the first year ($129 thereafter)
Minimum Monthly Repayment2.5% 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 Fee1.50% of the transaction amount (after conversion to Australian dollars)
Additional Cardholder Fee$0
Number of Additional Cardholders4

Expert review

Amy Bradney-George

Review by


Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

The Suncorp Clear Options Platinum offers three ways to save with this offer. Whether you have an existing debt to transfer or new purchases you want to make, you can take advantage of 0% interest for the first 14 months. Plus, you’ll save $80 with a discounted first year annual fee.

How to apply

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.

Card benefits

  • 0% p.a. for 14 months on purchases. Buy now and pay later with a 0% p.a. purchase interest rate for the first 14 months when you apply and get approved by 30 September 2019. After the introductory period, any unpaid balance is charged interest at the 20.74% p.a. purchase rate.
  • 0% p.a. on balance transfers for 14 months. Get a 0% interest rate for up to 14 months on balance transfers requested at the time of 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% 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.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges an annual fee of $129, so make sure you weigh this against the potential value you'll get from points and perks.
  • Purchase rate. Outside of any promotions, 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.

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