Suncorp - Clear Options Platinum Credit Card
The Suncorp Clear Options Platinum credit card has 120,000 bonus Suncorp Credit Card Rewards Points on offer if $3,000 is spent on eligible transactions in the first 90 days from card activation. The earn rate is 1.25 Suncorp points for every dollar spent on eligible transactions. It is possible to earn Qantas Points instead. Suncorp offers a Qantas Frequent Flyer Card for $49 per year, which earns 0.5 Qantas Frequent Flyer points for every dollar spent (capped at $8,000 per statement period).
There are up to 55 days interest-free on purchases. An additional 4 cardholders may be added for $0.
120,000 bonus Suncorp Credit Card Rewards Points when $3,000 is spent on eligible transactions in the first 90 days. Alternatively, Qantas Points may be earned for an additional $49 annually.
Annual Fee
$99 for the first year reverts to $129 per year thereafter
Balance Transfer
0% for 9 months reverts to 21.99% p.a.
No interest free days apply to retail purchases while you have a Balance Transfer
No interest free days apply to retail purchases while you have a Balance Transfer
Purchase Rate
20.74% p.a.
Interest Free Period
up to 55 days
Details
Card Type
Visa
Minimum Repayment
2% or $30
per statement, whichever is greater
Interest Free Period
up to 55
days
Minimum Credit Limit
$6,000
Maximum Credit Limit
$100,000
Fees
Annual Fee
$99 for the first year
reverts to $129 per year thereafter
Late Payment Fee
$30
per statement
Cash Advance Fee
3.50% or $3.50
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 4
additional holders
Rates
Purchase Rate
20.74% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer
0% for 9 months
reverts to 21.99% p.a.
No interest free days apply to retail purchases while you have a Balance Transfer
No interest free days apply to retail purchases while you have a Balance Transfer
Balance Transfer Limit
80%
of credit limit
Transfer Interest Free Days
No
Overseas Spending
Foreign Currency Conversion Fee
3.40%
per transaction
Eligibility
Minimum Age
18
years old
Minimum Income
$35,000
per year
Temporary Residents
No
Joint Application
No
Rewards
Program
Suncorp Rewards
Types
Cashback, E-Vouchers
Bonus
120,000 bonus points
Reward Rates
Rewards Rate One
1.25 point(s) per AUD$1
On spent on Eligible Transactions.
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
The target market for the Product is individuals who:
- Are seeking a line of credit facility for everyday spending and that has a low interest rate
- Are an existing Suncorp Bank customer or are seeking to be a Suncorp bank customer
- Meet eligibility criteria and serviceability requirements for the product
- Are likely to carry a balance and look to take advantage of reduced interest rates and/or instalment repayments on a Fixed Payment
Option or a Balance Transfer (including holding a Balance Transfer for longer than the period during which a reduced interest rate applies).
Visit Suncorp to view Target Market Determination Effective From: 2023-07-03.
