Suncorp Clear Options Standard Credit Card – Rates and Fees

Information verified correct on May 26th, 2017

Earn $100 cash back when you meet the minimum spend criteria. Also enjoy a balance transfer offer, a low purchase rate and a competitive annual fee with the Suncorp Clear Options Standard Credit Card.

The Suncorp Clear Options Standard Credit Card comes with an introductory 0% p.a. balance transfer offer, which stays in place for the first 12 months. Cardholders can also keep interest costs to a minimum with a low standard variable interest rate on purchases. Additionally, you'll also get $100 cash back if you apply by 31 July 2017 and spend a minimum of $3,000 on eligible purchases.

Product NameSuncorp Clear Options Standard Credit Card
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.99% p.a.)
Balance Transfer Limit80% of available credit limit
Purchase rate (p.a.)12.74% p.a.
Offer end date31 July 2017
Annual fee$55 p.a.
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.
$2,000
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.
$20,000
Minimum Monthly Repayment2% or $30, whichever is greater
Minimum Income$25,000
Card TypeVisa
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 InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$25,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
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.
$2,000
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.
$20,000
Annual Fee$55 p.a.
Minimum Repayment2% or $30, whichever is greater
Late Payment Fee$10
Over Limit Fee$0
Cash Advance Fee3.50% of the transaction amount, with minimum of $3.50
Overseas Cash Advance Fee1.50% of the transaction amount (after conversion to Australia)
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 AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders4
BPAYYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive $100 cash back when you spend $3,000 on eligible purchases in the first 6 months.
  • A low interest rate on purchases provides you with more freedom when you are unable to make repayments in full.
  • This card comes with a long-term balance transfer offer of 0% p.a. for 12 months.
  • This card allows up to 4 additional cardholders.

Cons

  • There are no interest-free days on purchases. This means you will be charged interest from the day you make a purchase on your card.

Suncorp Clear Options Standard Credit Card review

This credit card is designed to suit people looking for an affordable, basic credit card and features a low standard variable interest rate for purchases. It also offers a 0% p.a. balance transfer rate for 12 months. The Suncorp Clear Options Standard Credit Card is a Visa option, giving you access to exclusive Visa Entertainment offers. It can be used around the world, anywhere Visa is accepted.

Benefits of using a Suncorp Clear Options Standard Credit Card

The Suncorp Clear Options Standard Credit Card comes with various benefits, including:

  • $100 cashback offer. Apply by 31 July 2017 and spend at least $3,000 on eligible purchases to receive the $100 cashback. This will be credited to your account within 10 weeks after the minimum spend requirement has been met.
  • Low purchase rate. If you want the flexibility of carrying a balance on your credit card, the competitive variable purchase rate of 12.74% p.a. can provide savings on interest fees when compared to other options.
  • Balance transfer offer. You can reduce existing debts with 0% p.a. on balance transfers for 12 months. You can transfer up to 80%, subject to credit approval and lending criteria. At the end of the promotional balance transfer period the standard variable cash advance rate will apply to any remaining balance from the transfer.
  • Interest rate for cash advances. A standard variable interest rate of 21.99% p.a. is applied when you use your credit card for cash transactions.
  • Visa Entertainment. This Visa service provides cardholders with exclusive access to a range of sports, travel and entertainment offers.

Features of the Suncorp Clear Options Standard Credit Card

Features of the Suncorp Clear Options Standard Credit Card are as follows:

  • Annual fee. This card attracts an ongoing annual fee of $55.
  • Maximum credit limit. The maximum credit limit available on this card is $20,000. Individual credit limits are subject to the bank’s lending criteria, so you may have a lower credit limit depending on your financial circumstances.
  • Access to funds. You can use this card in over 200 countries and territories around the world, anywhere you see the Visa logo. You can also use your card to pay bills and pay for purchases over the Internet and over the phone.
  • Repayment methods. You can make repayments in a range of ways, including Internet banking, phone banking, direct debit, BPAY, EFTPOS, ATM, in-person at a Suncorp Bank brand and by posting a cheque.
  • Visa payWave. This card comes with Visa payWave technology, which enables you to make contactless payments without the need for a PIN when purchases are less than $100.
  • Interest-free days. Note that this card does not offer any interest-free days on purchases, so paying outstanding balances as soon as possible is a good idea.

How to apply for the Suncorp Clear Options Standard Credit Card

You can apply for the Suncorp Clear Options Standard Credit Card online in about 10 minutes. The application is simple and you'll get a response within a few moments of completing and submitting it.

Eligibility criteria

Before you begin your application, make sure you meet the following requirements for this card:

  • You must be at least 18 years old.
  • You must be an Australian citizen or permanent resident.
  • You must earn at least $25,000 p.a.

Required documents

If you meet the eligibility criteria for the Suncorp Clear Options Standard card, you can start the application. Make sure you have the following details on hand to fill out the secure online application.

  • Your residential status, residential address, email address, and phone number
  • Your employer’s name and contact details
  • Details about your income and expenses
  • Details of assets like property, savings, and investments
  • Details of liabilities like credit cards, loans, overdrafts, and lines of credit

The Suncorp Clear Options Standard Credit Card provides competitive value through its cashback offer, standard variable purchase rate and introductory balance transfer offer. But there is no interest-free days offer and you’ll be required to pay an annual fee. As a number of other credit cards offer similar features, take time to compare to ensure that the product you choose is the right one for you.

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28 Responses to Suncorp Clear Options Standard Credit Card – Rates and Fees

  1. Default Gravatar
    Disne | November 2, 2016

    I have a suncorp visa credit card to the value of $2000 . I wish to find out if I can get an extension on that amount , perhaps to $ 7000.
    I have been with this bank for over thirty years and I do have a 98.9 credit rating . I would appreciate a reply at your earliest.
    Thanking you Di

    • Staff
      Anndy | November 2, 2016

      Hi Disne,

      Thanks for reaching out.

      Please note that finder.com.au is a financial information service that helps consumers make better decisions. We do not represent Suncorp.

      With Suncorp, you must be holding your credit card for at least 9 months to be able to be able to request an increase in credit limit. You can do it by visiting a local branch or calling them on 13 11 75.

      Cheers,
      Anndy

  2. Default Gravatar
    | June 16, 2016

    if I am successful in obtaining credit card can I balance transfer my sons ANZ balance. Thanks!

    • Staff
      Anndy | June 16, 2016

      Hi Michael,

      Thanks for your question.

      Unfortunately, Suncorp Bank does not allow balance transfer between two people’s names. However, there are other banks listed here that allow that. Once you have identified the bank, it is then easier to choose a suitable balance transfer credit card.

      I hope this helps.

      Cheers,
      Anndy

  3. Default Gravatar
    Mark | June 1, 2016

    Hi, I am looking to get a credit card and has recently knocked back on one from one of the 4 major banks. I have an average credit score (mid 500′s), a car loan, and a paid default which was paid 18 mths ago, and have a good income. On inquiring with the bank they would not elaborate on their credit policy, and would not give any more info order than referring me to Veda, which I have already had full access to anyway. Could you please recommend any providers which would find the above acceptable, or would at discuss my application more openly?

    • Staff
      May | June 3, 2016

      Hi Mark,

      Thank you for reaching out and I’m sorry to hear about your declined application.

      Generally, credit card companies would not really provide details to their applicants as to why their applications are rejected. If you’d like to know what are possible reasons for declined credit applications, please feel free to visit this page.

      In the meantime, it may not be advisable that you submit a credit card application right after the other as that could negatively affect your credit rating and would only lead to further rejection of your future applications. As defaults and credit applications will stay on your credit file for a period of 5 years, you’d be best if you will start improving your credit score as soon as possible.

      Nevertheless, if you still want to have a card, a good alternative is to apply for a prepaid credit card.

      I hope this has helped.

      Cheers,
      May

  4. Default Gravatar
    surendra | May 16, 2016

    How do I apply for the credit card application.

    • Staff
      Sharon | May 16, 2016

      Hi Surendra, thanks for your comment.

      Please refer to the application page I have sent to your email.

      I hope this helps,

      Sharon

  5. Default Gravatar
    Sue | January 20, 2016

    I already have a Suncorp Visa card with the balance transfer option how do I apply the balances from others credit cards ? Thanks Sue

    • Staff
      Ally | January 20, 2016

      Hi Sue!

      Thanks for reaching out.

      Kindly note that finder.com.au is an online comparison service and does not represent any credit card issuer such as Suncorp Bank.

      For a step by step advise on how to make a balance transfer from a card that belongs to another financial institution (excluding Citigroup) to your Suncorp account, you may contact Suncorp’s team directly through the contact number sent to your email.

      You might also want to clarify with them if you’re still eligible for the offer since it is stated on their bank page that “Existing Suncorp Bank Credit Cardholders are not eligible to apply for introductory offers.”

      I hope this has helped.

      Cheers,
      Ally

  6. Default Gravatar
    | August 1, 2015

    Hello,
    I have been advised you do ‘credit to self’ 0% balance transfers?

    • Staff
      Jonathan | August 3, 2015

      Hi Jaci, thanks for your inquiry!

      Could you please clarify what ‘credit to self’ provides? Balance transfers allow a user to transfer an outstanding credit balance to a new credit card. You may like to compare balance transfer offers on this page.

      Cheers,

      Jonathan

  7. Default Gravatar
    Emma | December 18, 2014

    Hi
    Can I get a $3000 credit card whilst in centrelink payments?
    I get $800 per fortnight. Single mothers pension part a and b
    Thanks
    Emma

    • Staff
      Elizabeth | December 18, 2014

      Hi Emma,

      Thanks for your question.

      While people receiving Centrelink payments are able to apply for this card, your income falls below the required minimum ($25,000 p.a.). You might want to take a look at this page for cards that have a lower minimum income requirement.

      I hope this has helped.

      Thanks,

      Elizabeth

  8. Default Gravatar
    Jackie | February 1, 2013

    How many days interest free on purchases ???

    Thank you.

    • Staff
      Jacob | February 1, 2013

      Hi Jackie. Thanks for your question. There are no interest free days when you use this card to make a purchase. Cheers.

  9. Default Gravatar
    sara | November 28, 2012

    would suncorp consider lending to people that are on a disability payments or people that are on a pensions a credit. amounts of $1000 on a credit card? what’s your principle or thoughts on this as i would like to assure anything at this stage as i am thinking of changing my bank,

    • Staff
      Jacob | November 29, 2012

      Hi Sara. Unfortunately, we are unable to comment on this. Please discuss this with the lender directly. But I will say this: a lender’s card eligibility requirements are a good guide on assessing whether or not you’re likely to be approved. Thanks for your question.

  10. Default Gravatar
    Zafar | November 13, 2012

    hi , im enquiring about credit card, i have got permanent job and my income is more than 42000 every year. I m thinking to apply for gold credit card. Further more if i purchase something or use money through credit card,so what is the time period i have to pay it back with out charges or if it takes longer how much would i pay extra charges. can u plz help me know more about it. hope to hear soon from u. thanks

    • Staff
      Jacob | November 13, 2012

      Hi Zafar. Thanks for your question. There are no interest free days offered with this card, if you make a purchase, you will be charged 12.74% interest from that day. If you use your card to withdraw money from an ATM or make any other form of cash transaction, you will be charged 21.99% interest from the day you use your card. You will accrue these rates of interest but will only have to back 2.5% of the total balance each month – this is the minimum monthly repayment and this is the amount you must pay each month to avoid extra fees and charges. Hope this helps. Leave a question if you would like to know anything else. Thanks.

Credit Cards Comparison

Rates last updated May 26th, 2017
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Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months. Also, enjoy an annual fee waiver in the first year.
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NAB Premium Card
An introductory rate of 0% p.a. for 24 months on balance transfers combined with premium benefits such as travel insurance covers.
19.74% p.a. 0% p.a. for 24 months with 3% balance transfer fee $90 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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