Exclusive Offer

Suncorp Clear Options Platinum Credit Card – Exclusive Offer

A strong platinum credit card offer including 0% p.a. interest on balance transfers for 24 months and a reduced first-year annual fee.

When you apply for the Suncorp Clear Options Platinum through Finder by 31 August 2021 you can get a competitive balance transfer offer of 0% for the first 24 months. The reduced annual fee of $64 in the first year will also add to your savings, but in subsequent years it goes up to $129. And if you're still paying off your balance transfer after the first 2 years, it will be charged a higher 21.99% p.a. interest rate until it's paid off.

If you're more interested in shopping and rewards, the Suncorp Clear Options Platinum also offers 25,000 bonus Suncorp Credit Card Rewards Points when you spend $1,500 on eligible purchases within the first 60 days. Just remember, if you're paying off a balance transfer debt, that should be your focus before chasing rewards points.

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Amy Bradney-George

Last Updated Jun 25, 2021

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Details

Product Name	Suncorp Clear Options Platinum Card - Exclusive Offer
Rewards program	Suncorp Bank Rewards Program
Balance transfer rate	0% p.a. for 24 months
Balance transfer revert rate	Cash Advance Rate (21.99% p.a.)
Balance transfer limit	80% of available limit
Purchase rate	20.74% p.a.
Annual fee	$64 annual fee for the first year ($129 p.a. thereafter)
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$6,000
Max credit limit	$30,000
Card type	Visa
Foreign currency conversion fee	3.4%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

0% p.a. on balance transfers for the first 24 months
25,000 bonus points offer
$64 annual fee for the first year ($129 thereafter)
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 program	Suncorp Bank Rewards Program
Bonus points	25,000
Rewards points per $ spent	1.25
Rewards points cap	Uncapped

Annual fee	$64 annual fee for the first year ($129 p.a. thereafter)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	1.5% of the transaction amount (after conversion to Australian dollars)
Additional cardholder fee	$0
Number of additional cardholders	4

Go to Suncorp Bank's site More info

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

Apply through Finder. To take advantage of the 0% balance transfer offer, you need to apply through Finder before 31 August 2021 and make the balance transfer request within 90 days from card approval.
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.
Age. You must be at least 18 years old to apply.
Credit rating. You need to have a good credit rating to apply for this card. You can check your comprehensive credit report and score for free through Finder.

Required documents

Personal information. This includes your full name, date of birth, nationality, marital status, residential address, email address and contact number. You also need a valid form of ID, such as your driver's licence number.
Employment details. You need to provide details of your employment status, salary and your employer's contact details. If you're self-employed, you need to provide your accountant's contact details. You may also need to provide recent payslips to verify these details.
Financial details. This includes any other income you receive, such as government payments or pension payments. You also need to share details of any assets (such as savings or shares), debts and loans, as well as estimates of your ongoing expenses.
Balance transfer details. If you want to transfer a balance from another financial institution, you need to provide details of the debt, including the amount you want to transfer, the account name and number, and the financial institution's BSB.

Go to Suncorp's site More info

Card benefits

Balance transfer offer. Apply through Finder by 31 August 2021 to take advantage of 0% p.a. interest for the first 24 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.
Bonus points offer. Collect 25,000 bonus Suncorp Credit Card Rewards Points when you apply by 31 August 2021 and spend $1,500 on eligible purchases within the first 60 days from card approval.

Discounted first-year annual fee. Get a $64 discounted annual fee for the first year when you apply and get approved by 31 August 2021. Note that the annual fee will revert to $129 after the first year.
Suncorp Rewards or Qantas Points per $1 spent. Earn 1.25 Suncorp Rewards Points per $1 spent, uncapped. If you're a Qantas Frequent Flyer member, you can pay a $49 p.a. fee to enrol in Suncorp's Qantas Frequent Flyer Rewards Program, which offers 0.5 Qantas Points per $1 spent, up to 4,000 points per statement period. With this card, eligible purchases cover most everyday transactions – including dining, travel, grocery and petrol spending. Transactions that don't earn points include BPAY payments, cash advances, balance transfers and government charges.
Complimentary insurance. Book your overseas travel ticket with this card and you'll get complimentary travel insurance for you and your eligible spouse or dependents travelling with you. Plus, this card offers complimentary transit accident insurance, interstate flight inconvenience insurance and extended warranty cover.
Concierge service. This card offers a complimentary, 24/7 concierge service that can help you with travel itineraries, personal shopping, events, hotel reservations, restaurant bookings and more.
Mobile wallets. You can link your account to Samsung Pay and use your eligible device to make contactless payments.

Rates & fees

Annual fee. Outside of any promotions, 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.

Up to 55 days interest-free on purchases. This card offers up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement. Interest-free days do not apply when you carry a balance transfer debt.
Cash advance rate. The Suncorp Bank Clear Options Platinum charges a variable cash advance rate of 21.99% p.a.
Cash advance fee. If you use this card to withdraw cash in Australia, a fee of 3.5% of the transaction amount, with a minimum fee of $3.50. If you withdraw money overseas, 1.5% of the transaction amount (after conversion to Australian dollars) will apply.
International transaction fee. This card charges a 3.4% fee of each transaction made overseas or online with a retailer that's based overseas.

Go to Suncorp's site More info

Review by

Amy Bradney-George

amy.bradney-george@finder.com

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 currently has a couple of introductory offers. If you have an existing debt to transfer, you can use the balance transfer of 0% p.a. interest for the first 24 months with no balance transfer fee. This could help you pay off your debt faster and for less. Just make sure the regular $129 annual fee doesn't eat too much into your savings.

If you are looking to earn points for your spending, this card also offers 25,000 bonus Suncorp Credit Card Rewards Points when you meet the spend requirement. To give you an idea, that's enough for a $100 Coles Supermarket digital gift card (20,900 points) or 12,500 Velocity Points. Any eligible purchases you make with this card will also earn rewards points through either the Suncorp Rewards Program or Qantas Frequent Flyer, but you won't get bonus points if you choose the Qantas Frequent Flyer option.

With savings and rewards perks, this card is worth comparing if you have a plan to pay off your balance transfer and purchases before the introductory periods expire. That said, if you're not planning to make use of the balance transfer, there are more competitive bonus points offers available on the market.

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52 Comments

Thanh
August 15, 2019

Hi, How I’m open new credit card?

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

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

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

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.

finder 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

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.

finder 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

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

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

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Suncorp Clear Options Platinum Credit Card – Exclusive Offer