The Suncorp Clear Options Gold Credit Card
Earning rewards on the Suncorp Bank Rewards Program, the Suncorp Clear Options Gold Credit Card offers the opportunity to turn everyday spending into travel adventures, merchandise, gift cards and more. The card also offers up to 55 days interest free on purchases, up to four additional cardholders at no extra cost, and access to the card’s Guaranteed Pricing Scheme.
What we love...
With the Suncorp Clear Options Gold Credit Card, you can earn rewards on the flexible Suncorp Bank Rewards Program. With no cost to join, the rewards program offers a wide range of redemption possibilities, including travel options, merchandise from the online rewards catalogue, and an array of gift cards and vouchers.
You can also choose to transfer your points to retail and frequent flyer partners, including Emirates Skywards, Singapore Airlines’ KrisFlyer, Virgin Australia’s Velocity and flybuys. Alternatively, you could use your points to cover your annual fee, or eligible purchases via Select and Credit.
So, what is the earn rate on this card? You can earn:
- 1 Reward point for every $1 spent up to $1,500 per month,
- 0.5 Reward points per $1 spent thereafter.
As for ongoing costs, you can keep interest costs at zero thanks to the card’s interest free feature. This gives you up to 55 days interest free on purchases when you pay off your balance by the due date each month. And, while the annual fee is not low, you can add up to four additional cardholders to the account at no extra cost, helping you to earn points faster (note, points shaping after the first $1,500 spent each month still applies).
What’s not so great...
When choosing a rewards card, it’s important to make sure it offers you value. That means weighing the card’s annual fee against your expected points earn. For example, you would need to spend at least $32,200 in a year to earn a $120 Wish gift card (the value of the card’s annual fee). However, you may enjoy a better return on your points elsewhere, such as transferring onto one of the frequent flyer partners to be redeemed for flights or upgrades.
With this in mind, you can see how important it is to keep outgoing costs to a minimum if you want to see value on this card – and any rewards card. That means avoiding interest by clearing your balance each month, and side-stepping cash advances altogether.
Why should you choose this card?
Focusing on rewards, the Suncorp Clear Options Gold Credit Card keeps it fairly simple elsewhere, which means it may appeal to cardholders who want to earn rewards but don’t need too many other extras. As with all rewards cards, it would best suit bigger spenders who clear their balance each month to take advantage of the card’s interest free period.
In terms of features, the card offers 24/7 Customer Service and internet banking, worldwide access to the Visa network, access to handy Visa features such as Visa payWave and Visa Entertainment, and added security with Verified by Visa, FRAUDSHIELD and Visa Zero Liability. Cardholders can also take advantage of lost card replacement within 24 hours in Australia, Suncorp’s Guaranteed Pricing Scheme, and compatibility with Samsung Pay.
Allowing cardholders access to a flexible rewards program, the Suncorp Clear Options Gold Credit Card also features up to 55 days interest free on purchases, up to four free additional cardholders, and access to Suncorp’s Guaranteed Pricing Scheme.