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Suncorp Clear Options Platinum Credit Card – Balance Transfer Offer

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Sally McMullen
Last updated:  

No longer available

This balance transfer offer expired on 30 September 2020. You can compare the current range of Suncorp credit cards here.

0% p.a.

Balance transfer rate

for 14 months with 1.5% balance transfer fee

20.74% p.a.

Purchase rate

1.25

Reward points

Per $ spent

$0 p.a.

Annual fee

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

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Details

Product NameSuncorp Clear Options Platinum Credit Card - Balance Transfer Offer
Rewards programSuncorp Bank Rewards Program
Balance transfer rate0% p.a. for 14 months with 1.5% balance transfer fee
Balance transfer revert rateCash Advance Rate (21.99% p.a.)
Balance transfer limit80% of available limit
Purchase rate20.74% p.a.
Annual fee$0 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

  • 0% p.a. on balance transfers for up to 14 months
  • $0 annual fee for the first year
  • Complimentary travel insurance, purchase protection and transit accident insurance

Cons

  • 1.5% balance transfer fee applies
  • Interest rates are relatively high, even for a platinum-tier card
  • $49 fee applies if you opt-in to Qantas Frequent Flyer program
Rewards programSuncorp Bank Rewards Program
Bonus pointsN/A
Rewards points per $ spent1.25
Rewards points capUncapped
Annual fee$0 annual fee for the first year ($129 p.a. thereafter)
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%
Additional cardholder fee$0
Number of additional cardholders4

How to apply

You can apply for this credit card offer online in around 10 minutes. Check if you meet the eligibility criteria and that you have the necessary information to complete the application before you get started:

Eligibility criteria

  • Eligible balance transfer debt. Suncorp allows you to transfer up to 80% of your available credit limit from Australian credit cards and store cards not issued by Citi (including Suncorp).
  • Income. You must earn an income of at least $35,000 per year.

Card benefits

  • Waived first year annual fee. Save $129 with a $0 first year annual fee when you apply by 30 September 2020.
  • Balance transfer offer. Apply by 30 September 2020 to take advantage of a 0% interest rate on balance transfers for up to 14 months, with a 1.5% balance transfer fee. After the introductory period, any remaining balance is charged interest at the 21.99% cash advance rate.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $129 annual fee.
  • Interest rates. This card charges a variable interest rate of 20.74% p.a. on purchases. Cash advances will attract a variable rate of 21.99% p.a.

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52 Comments

    Default Gravatar
    Thanh
    August 15, 2019

    Hi, How I’m open new credit card?

    Reply
      Default Gravatar
      Nikki
      August 16, 2019

      Hi Thanh,

      Thanks for leaving a question on our page. It’s great to know that you are looking to apply for a Suncorp Credit Card. Start by reading the part of the page that says “HOW TO APPLY” to check the eligibility requirements of this card. The second step is to hit the GREEN GO TO SUNCORP button on top of the page. This will bring you to Suncorp’s website. Third, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps and best of luck on your application.

      Best,
      Nikki

      When you are read

      Reply
    Default Gravatar
    RenHart
    March 26, 2019

    Hi can you please tell me what 60,000 bonus points as? As in convert to frequent flyer points or which points? Thanks

    Reply
      Default Gravatar
      Nikki
      March 27, 2019

      Hi RenHart,

      Thanks for getting in touch! You can get 60,000 Suncorp Rewards Points points when you spend $1,500 on eligible purchases each month made in Australia and internationally for 6 months from account approval. Bonus reward points will be credited to your Rewards Balance within 6-8 weeks of meeting the spend criteria. Eligible transaction means any purchase on the card excluding cash advances, balance transfers, special promotions, BPAY payments, purchases of foreign currency and travellers cheques, transactions made in operating a business, payments to other Suncorp Bank accounts, bank fees and charges such as interest and ATM charges, transactions made using Points and government-related transactions.

      Hope this clarifies!

      Best,
      Nikki

      Reply
    Default Gravatar
    Matt
    December 6, 2018

    If I apply and get approved and transfer say 10k and have an approved limit of 20k … if I make purchases on the card i understand that the 55 day interest free does not apply to those purchases. If I purchase 1 product in the first month worth $100, my debit balance is now 10,100. Is interest then charged on the 100 only – or the whole 10,100? Talking to someone at Suncorp they have told me the whole 10,100 but my read of the t’s and c’s that I can find is that it only applies to the 100. The 10k is still interest free for the 18 months.

    Reply
      Avatarfinder Customer Care
      May
      December 12, 2018

      Hi Matt,

      Thank you for your question.

      No, not the whole $10,100. The interest for your purchases will only be applied to your purchases. So for instance your card has a balance transfer offer with free interest, that will remain the same for the interest-free period. Your purchases, meantime, will be charged with interest if in case you won’t be paying in full by the due date. Unless your card offers 0% interest on purchases and balance transfer for a limited time, then you won’t be charged interest (for both purchases and BT) within the promo period.

      Hope this has helped.

      Cheers,
      May

      Reply
    Default Gravatar
    LEANNE
    November 30, 2018

    Regarding the 60k bonus points above, are they frequent flyer points? Can they be transferred to Qantas points? I am already an existing Qantas FF member.

    Reply
      Avatarfinder Customer Care
      Jhez
      December 6, 2018

      Hello Leanne,

      Thank you for your comment.

      No. Qantas is not a partner of the Suncorp credit card Rewards program. You may check more details of the Suncorp Bank Rewards program.

      Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
    Default Gravatar
    sahlee
    May 9, 2018

    do you need to make monthly for the amount (balance transferred) before the 0% period ends? Or you just need to pay off the full amount before the 0% interest rate period ends? thanks

    Reply
      Default Gravatar
      Nikki
      May 9, 2018

      Hi Sahlee,

      Thanks for your message and for visiting finder.

      Yes, with the balance transfer, you can pay your balance on a monthly basis. For instance, you’re able to transfer $5,000 to the card, payable within 18 months without interest, the estimated monthly would be $5,000/18 = $277.78 per month. Please note that you can pay equal to or more than your monthly payment until your balance is paid off before the 18-month period ends. Any amount left on the card after 18 months will have a 21.99% interest rate.

      Hope this helps! Feel free to message us anytime should you have further questions.

      Thanks,
      Nikki

      Reply
    Default Gravatar
    Tenielle
    August 2, 2017

    Are you able to do a balance transfer from 2 separate credit cards over to the 1 new one?
    Eg. Westpac CC and CBA credit card each have 5K debt on each, can each of these be transferred onto a Suncorp 0% balance transfer card?
    Thnks

    Reply
      Avatarfinder Customer Care
      Dee
      August 3, 2017

      Hi Tenielle,

      Thanks for your question.

      Yes, it is possible to transfer balances from multiple credit cards to a new balance transfer card. However, the total amount you can move depends on your approved and available credit limit on the new card.

      For Suncorp balance transfer cards, you can transfer balances from various brands, but excluding those issued by Citigroup (BOQ, IMB, Virgin Money, and Citi).

      For reference on where you can balance transfer to/from, our guide entitled, “Which banks can I balance transfer to?” should be able to help. “>here.

      I hope this helps.

      Cheers,
      Anndy

      Reply
    Default Gravatar
    Peter
    February 6, 2017

    What petrol stations can I use on my redeemed points.

    Reply
      Avatarfinder Customer Care
      Dee
      February 7, 2017

      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 our guide about the Suncorp credit card rewards program.

      I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

      Have a wonderful day!

      Cheers,
      Anndy

      Reply
    Default Gravatar
    Sid
    August 26, 2016

    Which banks offer the interest free rate on transfer of small loans?

    Reply
      Avatarfinder Customer Care
      May
      August 28, 2016

      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 our guide about transferring personal loans to credit cards and compare your balance transfer credit cards from these banks.

      Hope this has helped.

      Cheers,
      May

      Reply
    Default Gravatar
    vicki
    July 22, 2016

    If I use a Platinum Visa card to book my flights to Perth do I get travel insurance for
    interstate travel.

    Reply
      Avatarfinder Customer Care
      Dee
      July 22, 2016

      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

      Reply
    Default Gravatar
    Mike
    February 12, 2016

    I am retired what evidence of credit worthiness do you need?

    Reply
      Avatarfinder Customer Care
      Jonathan
      February 12, 2016

      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

      Reply
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