- 0% p.a. on balance transfers for 6 months with no BT fee. Reverts to cash advance rate.
- 0% p.a. on purchases for 6 months. Reverts to variable retail purchase rate, currently 12.74% p.a.
- $0 annual fee for the first year; $55 thereafter
- Up to four additional cardholders for no extra cost
- Eligible with Apple Pay and Google Pay
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Suncorp Credit Cards
Suncorp Clear Options Standard Credit Card
Updated 13 March 2024
With the Suncorp Clear Options Standard Credit Card, you can take advantage of great introductory offers - 0% p.a. on purchases and balance transfers for 6 months if you apply by 13 March 2024. The card also offers $0 annual fee for the first year plus, you can add up to four additional cardholders at no extra cost.
T&Cs apply.
Purchase Rate (p.a)
0% p.a.
for 6 months. Reverts to 12.74% p.a.
Balance Transfer (p.a)
0% for 6 months
No balance transfer fee.
Reverts to 21.99% p.a.
Annual Fee (p.a)
$0 first year. Then $55 p.a.
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
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Suncorp Clear Options Standard Credit Card
With the Suncorp Clear Options Standard Credit Card, retail purchases are charged at a low interest rate of 12.74% p.a. Plus, new cardholders can take advantage of its attractive introductory offer of 0% p.a. on purchases and balance transfers for 6 months if they apply online and get approved by 13 March 2024. The card also offers $0 annual fee for the first year, reverting to a reasonable standard annual fee of $55, plus you can add up to four additional cardholders at no extra cost.
What we love...
One of the things you will likely notice on the Suncorp Clear Options Standard Credit Card is its introductory offers. Coming in two parts, the card currently offers 0% p.a. for 6 months on purchases and balance transfer deals to new cardholders. So, is this intro offer right for you?
First up, the purchase offer. With this offer, you will pay zero interest on your purchases throughout the card’s introductory period. This can be suitable for those who want to save on interest on both their big purchases and everyday spending. Keep in mind that any unpaid balance after the intro period will attract the ongoing purchase rate, which is currently 12.74% p.a. See to it that you clear all your balance to fully benefit from this limited-time offer.
With a balance transfer offer, you could transfer your existing credit card balance onto the Suncorp Clear Options Standard Credit Card to take advantage of 0% p.a. on that balance for 6 months. This gives you ample time to chip away at your debt, paying down more of what you owe as you pay no interest on the transferred balance.
Things to note on this offer. First, there is no balance transfer fee to worry about. Second, you may transfer up to 80% of your approved credit limit. Lastly, any unpaid transferred balance will revert to the card’s cash advance rate at the end of the intro period. This rate is not low, so leaving a balance on the card is not a great idea.
As for ongoing costs, the card has a reasonable annual fee of $55. However, the good news is that it's waived in the first year. This means new cardholders can enjoy all the benefits of the credit card and save money at the same time.
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 about the Suncorp Clear Options Standard Credit Card is that it 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, this card could help keep interest costs down when compared to other cards with higher rates.
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, Apple Pay and Google Pay.
Overall Rating
The Suncorp Clear Options Standard Credit Card has a reasonable annual fee and a low purchase rate. Plus, new cardholders can enjoy a great combination offer of 0% p.a. on purchases and balance transfers for 6 months, plus $0 annual for fee first year.
User reviews
Rates and fees
Interest rates
Purchase rate 12.74% p.a.
Introductory purchase rate 0% p.a. for 6 months
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 0 days
Balance transfer
Balance transfer rate 0% p.a. for 6 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
Brands you can't balance transfer from Bank of Queensland, Citi, Coles, IMB, Qantas Money, Suncorp, Virgin Money
Credit limits
Minimum credit limit $2,000
Maximum credit limit $20,000
Fees & repayments
Annual fee $55 p.a.
Additional cardholder fee Up to 4 at no extra cost
Foreign transaction fee 3.40%
Minimum repayment 2% or $30 (whichever is greater)
Annual fee the first year $0
Cash advance fee 1.50% (international); $3.50 or 3.5%, whichever is greater (domestic)
Late payment fee $30
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 Apple Pay and Google 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 0% p.a. for 6 months on purchases and balance transfers, plus a $0 annual fee for the first year. You can add up to four additional cardholders for no extra cost.
Key features
- 0% p.a. on balance transfers for 6 months with no BT fee. Reverts to cash advance rate.
- 0% p.a. on purchases for 6 months. Reverts to variable retail purchase rate, currently 12.74% p.a.
- $0 annual fee for the first year; $55 thereafter
- Up to four additional cardholders for no extra cost
- 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
-
Australian Permanent Resident
-
Minimum income of $25,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask 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