- Low 12.74% p.a. purchase rate
- $55 annual credit card fee
- Eligible with Samsung Pay
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Pros and cons
- Cash advance rate of 21.99% p.a.
- No interest free days on purchases
Creditcard.com.au review
Editor Review
Suncorp Clear Options Standard Credit Card
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Suncorp Clear Options Standard Credit Card
With the Suncorp Clear Options Standard Credit Card, retail purchases are charged a 12.74% p.a interest rate. The card also features a reasonable annual fee and add up to four additional cardholders at no extra cost.
What we love...
As for ongoing costs, the card has a reasonable annual fee. However, you can add up to four additional cardholders to the account, which could provide more value, while also helping you streamline your family finances. The card features a low purchase rate, which could help cardholders keep costs down when they carry a balance.
What’s not so great...
One of the most important things to note on the Suncorp Clear Options Standard Credit Card is the fact that is has no interest free days on retail purchases. That means you will pay interest on every purchase from the day you make it.
While this will not affect cardholders who carry a balance (as interest free days do not apply when a balance is carried over), for those who do clear their balance each month, those interest charges could be annoying. Think about how much value the cashback offer provides when paying out interest on your spending, and weigh up the pros and cons.
Why should you choose this card?
If you are looking for a basic card with a low purchase rate, the Suncorp Clear Options Standard Credit Card could be worth a closer look. Suiting cardholders who tend to carry a balance, it could help keep interest costs down, when compared to a card with a higher rate.
Features are simple on this card, which may appeal to cardholders who prefer a no frills option. However, the card does offer the basics, with 24/7 customer service and lost card replacement within 24 hours in Australia, worldwide acceptance through the Visa network, and access to Visa payWave, Visa Entertainment and Samsung Pay.
Overall Rating
The Suncorp Clear Options Standard Credit Card has a reasonable annual fee and a low purchase rate.
User reviews
Rates and fees
Interest rates
Purchase rate 12.74% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 0 days
Credit limits
Minimum credit limt $2,000
Maximum credit limit $20,000
Fees & repayments
Annual fee $55 p.a.
Additional card holder fee Up to 4 at no extra cost
Foreign transaction fee 3.40%
Minimum repayment 2.5%
Cash advance fee 3.5%
Late payment fee $10
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Samsung Pay
Overview
Suncorp Clear Options Standard Credit Card
The Suncorp Clear Options Standard credit card is a great value low rate card. The card comes with a $55 annual fee and you can add up to four additional cardholders for no extra cost.
Key features
- Low purchase rate of 12.74% p.a.
- Annual credit card fee of $55
- Credit limits up to $20,000 subject to approval
- No interest free days
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 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.
Ask a question8 questions (showing the latest 10 Q&As)
I receive single parent pension and family allowance, would I be able to get credit card?
Hi Tammy, approval depends on a range of factors. Most importantly income v expenses, assets v liabilities and your credit history. You need good credit to apply and get approval. If you are putting away extra money each money this is a good sign that you have funds available to make extra payments. Bottom line, before you apply for any credit card, I would give there customer service a call to see if they accept your type of income.
Please, I will like to speak to someone about a Suncorp product. my contact is 02-xxxxx Thanks.
Hi Nikechi, I am currently overseas, what questions do you have about this Suncorp credit card?
I would like to be a customer to suncorp bank and will be looking forward to being accepted.
You can apply directly on the suncorp website if you have not - https://www.suncorp.com.au/banking/credit-cards/standard-low-rate.html
Hi, I'm thinking of doing a balance transfer from my Suncorp credit card to my Westpac bank account. I would like to close the Suncorp account and just have my Westpac account. Will it be possible to do? Thank you, Frank Bokor
Hi Frank, you cannot balance transfer from a credit card to a bank account. You can transfer, subject to credit approval, your Suncorp (issued through Citi) to a new Westpac credit card. Balance transfers typically are only available on new cards, therefore you would need to apply for new Westpac card such as the low rate.
can my wife and I apply for one card and combine both our pension to qualify as one total.
Hi Bill - these days most providers don't have joint credit card accounts. I know that BCU accept pensioners and might be worth a try. Have a look at this product.
i called up suncorp regarding their credit cards but was transferred to citigroup. what is their relationship?
Hi Brodie, Suncorp promotes and distributes this credit card on Citibank's behalf, so Citibank is the underwriter for this credit card. We've also written about the issuer/underwriter relationship more here.
i haven't seen many suncorp branches around my area, could i possibly go to an Australia Post to do my banking?
Hi Claudia, yes Suncorp allows customers to bank using Australia Post.
I currently hold a Suncorp credit card and I'm looking to get this one too. Is this reasonable?
Hi Emma - we aren't able to say what would be reasonable for your situation without knowing more, and that would be more like providing financial advice. What we can say, however, is that you would not be prevented from applying for a second Suncorp credit card so long as you have held your first card with them for more than 9 months. Be aware that this credit card has not applicable balance transfer rate either, so it would all depend on what you want the card for and what others you have been looking at. Hope that helps!
Creditcard.com.au Visitor
14 March 2013Suncorp is very good to be with, If you have a banking package with them (a few accounts), you avoid the annual fee and have other lerks and perks, Been with them for a couple of years now, Fantastic bunch :) Cheers
Recommends this cardEmiko Suzuki
28 January 2013Good low interest rates. Cheap annual fee. Not too high credit limits but enough. Good customer service as Iâ??ve seen so far. Not really much else to say on the card, but what else do you need?
Recommends this cardGregK
28 January 2013To be honest, I didnt know much about Suncorp before, but when I was looking over this site I saw the deal on this credit card. I did a bit of research online and found out more about the bank, and then applied for the card. Its been great so far with a decent annual fee, and the interest is pretty reasonable as well. Have to say, I was pleasantly surprised.
Recommends this card