Suncorp Clear Options Platinum Credit Card

Enjoy 130,000 bonus Suncorp Credit Card Rewards Points and a balance transfer offer.

When you apply for the Suncorp Clear Options Platinum by 31 March 2022 and spend $3,000 on eligible purchases within the first 90 days, you'll score 130,000 bonus Suncorp Credit Card Rewards Points. Ongoing, you'll earn up to 1.25 points per $1 spent.

0% p.a.

Balance transfer rate

for 14 months

130,000

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$129
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

  • 130,000 bonus points offer
  • 0% p.a. on balance transfers for the first 14 months, with no balance transfer fee
  • 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 points130,000
Rewards points per $ spent1.25
Annual fee$129
Minimum monthly repayment2% 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

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 130,000 bonus Suncorp Credit Card Rewards Points when you meet the spend requirement. To give you an idea, that's enough for three $200 (125,100 points) Coles supermarkets digital vouchers. 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 31 March 2022 and collect 130,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on eligible purchases within the first 90 days from card approval.
  • Balance transfer offer. Apply by 31 March 2022 to take advantage of 0% p.a. interest for the first 14 months on balance transfers (with no balance transfer fee). At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 21.99% p.a.

Rates & fees

  • Annual fee. 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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