Suncorp Clear Options Platinum Credit Card

Enjoy 100,000 bonus Suncorp Credit Card Rewards Points, a discounted first year annual fee and a balance transfer offer.

When you apply for the Suncorp Clear Options Platinum by 04 October 2021 and spend $3,000 on eligible purchases within the first 90 days, you'll score 100,000 bonus Suncorp Credit Card Rewards Points. Ongoing, you'll earn up to 1.25 points per $1 spent.

You can also take advantage of a 0% p.a. interest rate on balance transfers for the first 14 months, with no balance transfer fee. The reduced annual fee of $64 for the first year will also add to your savings.

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0% p.a.

Balance transfer rate

for 14 months

100,000

Bonus points

20.74% p.a.

Purchase rate

1.25

Reward points

Per $ spent

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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 limit
Purchase rate20.74% p.a.
Annual fee$64 annual fee for the first year ($129 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.99% p.a.
Min credit limit$6,000
Max credit limit$30,000
Card typeVisa
Foreign currency conversion fee3.4%
Minimum income$35,000
Available to temporary residentsNo
Joint applicationNo

Pros

  • 100,000 bonus points offer
  • $64 annual fee for the first year ($129 thereafter)
  • 0% p.a. on balance transfers for the first 14 months
  • Complimentary insurance covers including travel insurance, purchase protection and transit accident insurance

Cons

  • The purchase interest rate and cash advance rate are relatively high
  • Opting into Qantas Rewards is subject to a $49 fee
  • A 3.4% international transaction fee applies for spending in a foreign currency
Rewards programSuncorp Bank Rewards Program
Bonus points100,000
Rewards points per $ spent1.25
Annual fee$64 annual fee for the first year ($129 p.a. thereafter)
Minimum monthly repayment2.5% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee3.4%
Cash advance fee3.5% or $3.50, whichever is greater
Overseas cash advance fee1.5% of the transaction amount (after conversion to Australian dollars)
Additional cardholder fee$0
Number of additional cardholders4
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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 Platinum offers two ways to save with this offer. If you have an existing debt to transfer, you can take advantage of 0% p.a. interest for the first 14 months.

If you are looking to earn points for your spending, this card currently boasts 100,000 bonus Suncorp Credit Card Rewards Points when you meet the spend requirement. To give you an idea, that's enough for two $200 (83,400 points) and one $50 Coles supermarkets digital vouchers (10,500 points). Any eligible purchases you make with this card will also earn rewards points through your choice of the Suncorp Rewards Program or Qantas Frequent Flyer.

How to apply

You can apply for the Suncorp Bank Clear Options Platinum online in around 10 minutes. 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

  • Bonus points offer. Apply by 04 October 2021 and collect 100,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on eligible purchases within the first 90 days from card approval. If you use Select and Credit, that's the equivalent of getting $400 back.
  • Discounted first year annual fee. Get a $64 discounted annual fee for the first year if you apply and get approved by 04 October 2021. Note that the annual fee will revert to $129 after the first year.

Rates & fees

  • Annual fee. Outside of any promotions, this the Suncorp Clear Options Platinum charges a standard annual fee of $129.
  • 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.
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