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Offers 120,000 bonus Suncorp Credit Card Rewards Points and a discounted $99 first-year annual fee, which goes to $129 after that.

The Suncorp Clear Options Platinum is a rewards credit card that also offers complimentary international travel insurance and interstate flight inconvenience insurance. With the current 120,000 bonus Suncorp Credit Card Rewards Points offer, you'd have enough points for $550 worth of Coles supermarket digital gift vouchers (from 114,700 points for one $500 gift vouchers and one $50 gift voucher). It also offers point transfers to Velocity Frequent Flyer, Singapore Airlines KrisFlyer, Emirates Skywards and Flybuys – plus other rewards.

If you have an existing debt to transfer, you can save with a 0% p.a. interest rate on balance transfers for the first 9 months with this offer. Just make sure you have a plan to pay off the balance transfer before the introductory period ends, as the 21.99% p.a. interest rate that applies after that is at the high end of the scale for credit cards.

Pros

120,000 bonus points offer
0% p.a. on balance transfers for the first 9 months, with no balance transfer fee
$99 annual fee for the first year ($129 thereafter)
Complimentary insurance covers including travel insurance, purchase protection and transit accident insurance

Cons

The purchase interest rate and cash advance rate are relatively high
Opting into Qantas Rewards is subject to a $49 fee
A 3.4% international transaction fee applies for spending in a foreign currency

When you apply for the Suncorp Clear Options Platinum by 29 February 2024 and spend $3,000 on eligible purchases within the first 90 days, you'll score 120,000 bonus Suncorp Credit Card Rewards Points. Ongoing, you'll earn up to 1.25 points per $1 spent.

You can also take advantage of a 0% interest rate on balance transfers for the first 9 months, with no balance transfer fee. The reduced annual fee of $99 in the first year will also add to your savings, but after 12 months it reverts to $129.

Details

Product details

Product Name	Suncorp Clear Options Platinum Credit Card
Balance transfer rate p.a.	0% for 9 months, then 21.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	20.74%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Max credit limit	$100,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$35,000
Joint application	No

Rewards

Rewards program	Suncorp Bank Rewards Program
Bonus points	120,000
Rewards points per $ spent	1.25

Fees

Annual fee	$99 first year ($129 after)
Minimum monthly repayment	2% of the closing balance or $30, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	1.5% of the transaction amount (after conversion to Australian dollars)
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Suncorp Bank Clear Options Platinum online in around 10 minutes. Before you get started, make sure you meet the eligibility criteria and have all the relevant documents and details on hand.

Eligibility criteria

Minimum income. You need to earn at least $35,000 per year to apply for this card.
Residency. You must be an Australian citizen or permanent resident.

Age. You must be at least 18 years old to apply.
Credit rating. You need to have a good credit rating to apply for this card. You can check your comprehensive credit report and score for free through Finder.

Required documents

Personal information. This includes your full name, date of birth, nationality, marital status, residential address, email address and contact number. You also need a valid form of ID, such as your driver's licence number.
Employment details. You need to provide details of your employment status, salary and your employer's contact details. If you're self-employed, you need to provide your accountant's contact details. You may also need to provide recent payslips to verify these details.
Financial details. This includes any other income you receive, such as government payments or pension payments. You also need to share details of any assets (such as savings or shares), debts and loans, as well as estimates of your ongoing expenses.
Balance transfer details. If you want to transfer a balance from another financial institution, you need to provide details of the debt, including the amount you want to transfer, the account name and number, and the financial institution's BSB.

Card benefits

Bonus points offer. Apply by 29 February 2024 and collect 120,000 bonus Suncorp Credit Card Rewards Points when you spend $3,000 on eligible purchases within the first 90 days from card approval.
Discounted first-year annual fee. Get a $99 discounted annual fee for the first year if you apply and get approved by 29 February 2024. Note that the annual fee will revert to $129 after the first year.

Balance transfer offer. Apply by 29 February 2024 to take advantage of 0% p.a. interest for the first 9 months on balance transfers (with no balance transfer fee). At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 21.99% p.a.
Suncorp Rewards or Qantas Points per $1 spent. Earn 1.25 Suncorp Rewards Points per $1 spent, uncapped. If you're a Qantas Frequent Flyer member, you can pay a $49 p.a. yearly fee to enrol in Suncorp's Qantas Frequent Flyer Rewards Program, which offers 0.5 Qantas Points per $1 spent, up to 4,000 points per statement period. With this card, eligible purchases cover most everyday transactions – including dining, travel, grocery and petrol spending. Transactions that don't earn points include BPAY payments, cash advances, balance transfers and government charges.
Complimentary insurance. Book your overseas travel ticket with this card and you'll get complimentary international travel insurance for you and your eligible spouse or dependents travelling with you. Plus, this card offers domestic travel insurance, purchase protection insurance and extended warranty cover.
Concierge service. This card offers a complimentary, 24/7 concierge service that can help you with travel itineraries, personal shopping, events, hotel reservations, restaurant bookings and more.
Mobile wallets. You can link your account to Apple Pay and Samsung Pay and use your eligible device to make contactless payments.

Rates & fees

Annual fee. Outside of any promotions, the Suncorp Clear Options Platinum charges a standard annual fee of $129.
Purchase rate. A variable interest rate of 20.74% p.a. applies to purchases made on this card, which is on the higher end of the scale.

Up to 55 days interest-free on purchases. This card offers up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement. Interest-free days do not apply when you carry a balance transfer debt.
Cash advance rate. The Suncorp Bank Clear Options Platinum charges a variable cash advance rate of 21.99% p.a.
Cash advance fee. If you use this card to withdraw cash in Australia, a fee of 3.5% of the transaction amount, with a minimum fee of $3.50. If you withdraw money overseas, 1.5% of the transaction amount (after conversion to Australian dollars) will apply.
International transaction fee. This card charges a 3.4% fee of each transaction made overseas or online with a retailer that's based overseas.

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Suncorp Clear Options Platinum Credit Card

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