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Earn rewards for everyday purchases, pay discounted annual fee for the first year and consolidate your debts with a 0% p.a. balance transfer offer.
The Suncorp Clear Options Platinum Credit Card is a premium rewards card that offers points for every dollar spent on eligible purchases, with the choice between Suncorp Bank Rewards or Qantas Frequent Flyer points (for an additional annual fee of $49).
This card also offers complimentary travel insurance and purchase insurance options, a discounted annual fee for the first year, as well as a competitive balance transfer offer of 0% p.a. for 18 months (reverts to the standard cash advance rate of 21.99% p.a. thereafter).
| Product Name | Suncorp Clear Options Platinum Credit Card - Exclusive Offer |
|---|---|
| Rewards Program | Suncorp Bank Rewards Program |
| Balance transfer rate (p.a.) | 0% p.a. for 18 months |
| Balance Transfer Revert Rate The interest rate after the balance transfer ends. | Cash Advance Rate (21.99% p.a.) |
| Balance Transfer Limit | 80% of available credit limit |
| Purchase rate (p.a.) | 20.74% p.a. |
| Offer end date | 31 July 2017 |
| Annual fee | $99 p.a. annual fee for the first year ($169 p.a. thereafter) |
| Interest Free Period The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 21.99% p.a. |
| Min credit limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $6,000 |
| Max credit limit This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account. | $30,000 |
| Minimum Monthly Repayment | 2% or $30, whichever is greater |
| Minimum Income | $35,000 |
| Card Type | Visa |
| Late Payment Fee | $10 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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 Insurance | Yes |
| Available To Temporary Residents | No |
| Joint Application | No |
| Minimum Income | $35,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| Credit Rating Requirement Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here. | Good |
| Min Credit Limit This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure. | $6,000 |
| Max Credit Limit This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account. | $30,000 |
| Annual Fee | $99 p.a. annual fee for the first year ($169 p.a. thereafter) |
|---|---|
| Minimum Repayment | 2% or $30, whichever is greater |
| Late Payment Fee | $10 |
| Over Limit Fee | $0 |
| Cash Advance Fee | 3.50% of the transaction amount, with minimum charge $3.50 per Transaction |
| Overseas Cash Advance Fee | 1.50% of transaction amount (after conversion to Australia) |
| Overseas Emergency Replacement | $50 |
| Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal Fee | $5 |
| Foreign Currency Conversion Fee (VISA) Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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 |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 p.a. |
| Number of Additional Cardholders | 4 |
| BPAY | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
Pros
- Enjoy a balance transfer offer of 0% p.a. for 18 months.
- Pay a discounted annual fee of $99 for the first year.
- Enjoy up to 55 interest-free days on purchases.
- Complimentary insurances are offered 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.
- A standard annual fee of $169 will apply after the first year.
| Rewards Program | Suncorp Bank Rewards Program |
|---|---|
| Rewards Points per $ (VISA/MC) | 1.25 |
| Rewards Points per $ (AMEX) | 0 |
| Rewards Points per $ (VISA/MC) Cap | 120,000 |
| Rewards Points per $ (AMEX) Cap | N/A |
| Points Expiry | Never |
Suncorp Clear Options Platinum Credit Card review
The Suncorp Clear Options Platinum Credit Card comes with a range of premium benefits, including complimentary travel insurance, purchase protection insurance and a rewards program. This card can also help you manage your debt repayments, with a competitive 0% p.a. balance transfer offer for the first 18 months (reverts to 21.99% p.a. thereafter).
Benefits of the Suncorp Clear Options Platinum Credit Card
- Balance transfers. Apply and get approved by 31 July 2017 to take advantage of a 0% p.a. balance transfer offer for 18 months (reverting to the cash advance rate). You can transfer balances worth of up to 80% of your credit limit (subject to approval).
- Discounted annual fee. The Suncorp Clear Options Platinum Credit Card charges a discounted annual fee of $99 for the first year ($169 p.a. thereafter).
- Interest-free period. If you pay your balance in full by the statement due date, you can get up to 55 days interest-free on your purchases.
- Suncorp Bank Rewards. Earn 1.25 points per $1 spent on eligible purchases and redeem them for travel, merchandise and more through the Suncorp Bank Rewards program.
- Suncorp Qantas Frequent Flyer. For an annual fee of $49, you can opt-in to earn 0.5 Qantas Frequent Flyer point for every $1 spent on eligible purchases (capped at $8,000 per statement period).
- Purchase cover. Offers insurance against damage, theft and loss for new purchases you make with your card.
- Interstate flight inconvenience insurance. Provides cover for you, your spouse and dependent children for costs relating to flight delays, luggage delays, unexpected cancellations and other inconveniences that may arise when you're travelling in Australia.
- Guaranteed pricing scheme. Allows you to be reimbursed for the difference in price, up to $500, between a covered product you have purchased on your card and the same covered product advertised in a catalogue at a lower price.
- International travel insurance. Purchase your overseas travel tickets with your Platinum Credit Card and you and your family can get cover for medical expenses, unexpected trip cancellation, loss or theft of personal items and more.
- Transit accident insurance. Provides travel insurance coverage for injury or death caused by accidents when you're on a trip you've paid for with your Suncorp Clear Options Platinum card.
Features of the Suncorp Clear Options Platinum Credit Card
- Maximum credit limit. There is a maximum credit limit of $30,000 on this card. Note that individual credit limits are subject to Suncorp Bank's lending criteria. Depending on your circumstances, your credit limit may be lower than the maximum available.
- Interest rate for purchases. The standard variable interest rate of 20.74% p.a. will be charged for purchases.
- Interest rate for cash advances. Cash advances will attract a standard rate of 21.99% p.a. (variable).
- Purchase with payWave. You can make instant purchases using Visa payWave when the transaction is less than $100.
- Platinum benefits. Other platinum benefits include access to a personal concierge services, extended warranty coverage and, special offers and discounts including exclusive tickets to theatre, dance, musicals, sporting events, dinner and travel packages.
- Worldwide acceptance. The Clear Options Platinum card is accepted at over 22 million locations around the world, anywhere Visa is accepted.
- Security. This card comes with 24/7 Customer Service and Emergency Card Replacement.
- Payment methods. You can make repayments via the Suncorp Bank Internet banking and telephone banking platforms. You can also set up direct debits, pay in person at a Suncorp Bank branch, mail a cheque or pay via BPAY, ATMs, and EFTPOS.
- Rewards cap. Reward points are capped at 120,000 points per 12-month period for Platinum cardholders. All rewards are also subject to the Terms and Conditions of the Suncorp Bank Rewards Program, available on the Suncorp Bank website. For cardholders who have opted into the Qantas Frequent Flyer program, you can only earn Qantas Points on eligible purchases up to $8,000 per statement period.
How to apply for the Suncorp Clear Options Platinum Credit Card
Applying for this card is easy and takes around 10 minutes online through Suncorp Bank's secure application website. Note that in order to be considered for the Suncorp Clear Options Platinum Credit Card you must meet the following criteria:
Eligibility requirements
- You must be at least 18 years of age
- You must earn at least $35,000 per year
- You must have a good credit rating
- You must be an Australian permanent resident or citizen
- You must apply through finder.com.au
Required documents
- Â Your name, address, phone number
- Proof of your currently employment along with contact information of your employer
- This should include your total gross salary plus any other sources of income.
- Proof of your share of monthly expenses, including rental payments and utilities
- A copy of your driver’s license, both the front and back
- Contact information of a friend or relative who does not live with you
With premium features including rewards and complimentary insurance, plus the potential for a high credit limit, the Suncorp Bank Clear Options Platinum Credit Card is a competitive premium product. Now that you know more about these features and offers available, you can compare this card to others to find the right option for you.
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What petrol stations can I use on my redeemed points.
Hi Peter,
Thanks for your question.
You can’t redeem your Suncorp Rewards points for fuel. However, you can redeem points for travel, gift cards, gadgets and more. For more details about Suncorp Rewards Program, please check this page
Cheers,
Anndy
Which banks offer the interest free rate on transfer of small loans?
Hi Sid,
Thank you for your question.
Just to clarify, are you referring to transferring your personal loan to a credit card? If so, Citibank and Virgin Money accept a balance transfer from personal loans to a credit card. Please feel free to visit this page and compare your balance transfer credit cards from these banks.
Hope this has helped.
Cheers,
May
If I use a Platinum Visa card to book my flights to Perth do I get travel insurance for
interstate travel.
Hi Vicki,
Thanks for your question.
Based on the terms and conditions of your card, if you have a Suncorp Bank Clear Options Platinum Credit Card, you will be eligible for the Interstate flight Inconvenience Insurance cover if:
- you used your card to pay for the entire cost of the return interstate flight (excludes taxes and airport and travel agent charges) prior to commencing the journey
- where the travel is for 14 consecutive days or less
For your convenience, I’ve sent you a link to the Suncorp Bank Credit Cards Description of Insurance Cover for your reference.
I hope this answers your question.
Cheers,
Anndy
I am retired what evidence of credit worthiness do you need?
Hi Mike, thanks for your inquiry!
If you’re retired, you need to provide your gross annual income (before tax and including super) and provide your most recent superannuation statement.
Cheers,
Jonathan
Is it true Suncorp is reducing it’s Qantas frequent flyer points for $$ spent to .5?
Hi Ellen,
Thank you for your question.
As of the moment, there is no official statement from Suncorp regarding reduction from their current Qantas Points. You may wish to contact directly a customer service representative from Suncorp to verify.
I hope this helps.
Cheers,
Debbie
Hi,
Regarding the $89 annual fee. Is this the ongoing annual rate, or introductory? Same for the additional Qantas linked $49 fee?
Hi Chris,
Thanks for your inquiry.
The $89 annual fee is an introductory offer applied for the first year of the card and applicable to customers who applies before 31 January 2016 only. The ongoing annual fee is $169. The $49 is charged as an additional annual fee for Suncorp Bank Qantas Frequent Flyer Rewards Program.
I hope this helps.
Cheers,
Sally
Hi, What is the reward point used for? I’m not interesting about Qantas Flyer Point. Can I use that points to redeem any cash or voucher shopping like Commonwealth Bank?
Hi June,
Thanks for your question.
Yes, you can redeem your Suncorp Bank Rewards Points for more than just frequent flyer points.
You can redeem your Suncorp Bank Rewards Points for a number of products including merchandise (ranging from homewares and home theatre to personal entertainment and outdoor equipment). You can also redeem your points via the Travel Centre for flights, accommodation, car rental and holiday packages. Suncorp Bank Rewards Credit Card Members can also transfer points to KrisFlyer, Emirates Skywards and Velocity airline partners points.
I’ve emailed you a link to the Suncorp Bank Credit Card Rewards page so you can browse some of your options in further detail.
I hope this has helped answer your question.
Thanks,
Sally
Hi there, I have an Esanda car loan, would you be able to balance transfer to a C/C?
Thanks, Ash
Hi Ash, thanks for your inquiry!
Please refer to the following link for balance transferring a personal loan/ line of credit to a credit card.
Cheers,
Jonathan
Can I balance transfer on a low interest rate to pay a personal loan out?
Thanks,
Jaci
Hi Jaci, thanks for your inquiry!
Balance transfers from personal loans to credit cards are supported. Please refer to the following link for more information on balance transferring a personal loan to credit card.
Cheers,
Jonathan
Apply for a credit card?
Hi Amar, thanks for your inquiry!
To apply for this credit card you need to be at least 18 years of age, earn at least $35,000, have permanent Australian residency status and have a good credit rating. If you meet these application requirements you will be eligible to apply for this card by going directly to the Suncorp website.
Cheers,
Jonathan