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Suncorp Clear Options Platinum Credit Card
Suncorp Clear Options Platinum Credit Card

Suncorp Credit Cards

Suncorp Clear Options Platinum Credit Card

Updated 1 April 2020

Apply by 30 June 2020

Points Earn Rate (per $1 spent)

1.25

points

Rewards

Rewards Program

Suncorp Rewards

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • 0% p.a. on purchases and balance transfers for 14 months (reverts to 21.99% p.a.)
  • Suncorp Rewards Program offers earning of up to 1.25 point for every $1 spent
  • Rewards program is compatible with Qantas frequent flyer program
  • 24/7 Personal Concierge Service
  • Complimentary Overseas travel insurance
  • Complimentary interstate flight inconvenience insurance
  • Complimentary Purchase Cover insurance
  • Complimentary Extended Warranty cover
  • Up to $30,000 credit limit if meeting customer criteria

  • Balance transfer rate reverts to the high cash advance rate of 21.99% p.a.)
  • Qantas Frequent Flyer reward point earn rate is 0.5 reward points for every $1 spent and capped earn at $8,000 per statement period

Creditcard.com.au review

Editor Review

Suncorp Clear Options Platinum Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Suncorp Clear Options Platinum Credit Card

Looking for some nice, clear options when choosing your next credit card? How about the Suncorp Clear Options Platinum Credit Card? Okay, bad joke. Seriously though, this is a pretty decent card, with a pretty decent intro offer on the table.

Yep, with this card, you can enjoy 0% p.a. on balance transfers and purchases for 14 months. Not bad at all. It also offers a very workable rewards program and some very nice features. Want to find out more? Let’s get into it.

What we love…

So we’ve covered the double-sided intro offer, now let’s look at what else this card provides. This is a platinum rewards card. That means it offers some handy platinum perks, as well as a rewards program with a respectable earn rate.

If you opt for the Suncorp Bank Rewards Program, you can earn 1.25 Suncorp Rewards Points for every $1 spent on the card. This can be redeemed for travel, merchandise, gift cards and more. Alternatively, you could choose to join the Suncorp Bank Qantas Frequent Flyer program, where you would earn 0.5 Qantas Points for every $1 spent.

On to the platinum perks. You will usually notice certain similarities between platinum cards and their perks. Platinum cardholders have come to expect certain niceties, don’t you know. This platinum card, like many others, offers a range of complimentary insurances.

In terms of travel cover, cardholders can enjoy the peace of mind from having international travel insurance, transit accident insurance and interstate flight inconvenience insurance. Purchases are also covered, under the card’s guaranteed pricing scheme and purchase cover.

Anything else in the way of platinum extras? Cardholders can benefit from the services of a personal concierge, available 24/7. There are also special offers and discounts to be had, offering exclusive tickets to sporting, music and theatre events, dinner and travel packages, sightseeing tours and more.

What’s not so great…

No one likes being a downer, but here goes. That balance transfer offer we talked about? After 14 months, any transferred balance left unpaid reverts to the cash advance rate, currently sitting at 21.99% p.a.

Lastly, you’ll have to pay $49 per year if you choose to earn rewards on the Suncorp Bank Qantas Frequent Flyer program.

Why should you choose this card?

If you’re looking for a decent rewards card with some very nice platinum features, this card may well be for you. You can earn points as you spend, plus you can have up to four free additional cardholders helping you accumulate points. If you need a higher than average credit limit, you may get approved for up to $30,000 on this card, and if you need it, you can enjoy up to 55 days interest free on retail purchases.

Overall Rating

Nice rewards card with a respectable earn rate, some very pleasant extras and a suitably lovely double-sided introductory offer which ends 30 June 2020.

User reviews

Suncorp Clear Options Platinum Credit Card ( based on 10 Creditcard.com.au user reviews )

75% rating based on 10 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 20.74% p.a.

Introductory purchase rate 0% p.a. for 14 months

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 14 months

Balance transfer revert rate 21.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money

Credit limits

Minimum credit limt $6,000

Maximum credit limit $30,000

Fees & repayments

Annual fee $129 p.a.

Additional card holder fee Up to 4 at no extra cost

Foreign transaction fee 3.40%

Minimum repayment 2.5%

Annual fee the first year $49

Cash advance fee 3.5%

Late payment fee $10

Rewards and points

Rewards program

Rewards Program Suncorp Rewards Suncorp Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Rewards Rewards points 1.25 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Overview

Suncorp Clear Options Platinum Credit Card

The Suncorp Clear Options Platinum card offers rewards 1.25 point earned per $1 spent alongside a platinum concierge, with the option to opt in to a Suncorp Qantas Frequent Flyer rewards scheme. With the Suncorp Platinum, you can enjoy the flexibility of higher credit levels as well as benefit from a great rewards system. Special offer: 0% p.a. for 14 months on purchases and balance transfers (reverting to the cash advance rate thereafter, currently 21.99% p.a. The rewards points are convertible to Qantas Frequent Flyer points, and are uncapped and do not expire as long as the account is open.

Key features

  • 0% p.a. on purchases and balance transfers for 14 months (reverts to 21.99% p.a.)
  • Suncorp Rewards Program offers earning of up to 1.25 point for every $1 spent
  • Rewards program is compatible with Qantas frequent flyer program
  • 24/7 Personal Concierge Service
  • Complimentary Overseas travel insurance
  • Complimentary interstate flight inconvenience insurance
  • Complimentary Purchase Cover insurance
  • Complimentary Extended Warranty cover
  • Up to $30,000 credit limit if meeting customer criteria

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

21 questions (showing the latest 10 Q&As)

samantha

samantha

9 March 2020
what are the rewards and benefits related to the suncorp platinum card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 March 2020
    Pros and cons 0% p.a. on purchases and balance transfers for 14 months (reverts to 21.99% p.a.) Suncorp Rewards Program offers earning of up to 1.25 point for every $1 spent Rewards program is compatible with Qantas frequent flyer program 24/7 Personal Concierge Service Complimentary Overseas travel insurance Complimentary interstate flight inconvenience insurance Complimentary Purchase Cover insurance Complimentary Extended Warranty cover Up to $30,000 credit limit if meeting customer criteria Cons Balance transfer rate reverts to the high cash advance rate of 21.99% p.a.) Qantas Frequent Flyer reward point earn rate is 0.5 reward points for every $1 spent and capped earn at $8,000 per statement period

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