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Our verdict

Offers 0% interest on balance transfers for the first 20 months with a 1% balance transfer fee and a $55 annual fee.

The Suncorp Clear Options Standard is a low-cost card that currently gives you 20 months interest-free on balances you transfer to the card when you apply by 28 August 2024. If you’re still paying off a balance transfer after the first 20 months, a much higher 21.99% p.a. interest rate applies. So you’ll typically get the most value out of this 0% interest offer when you can pay off your balance transfer during the introductory period.

This card also charges a $55 annual fee and a 12.74% p.a. purchase interest rate which is competitive among low rate cards. But unlike a lot of other credit cards, this one doesn’t offer any interest-free days – so you’re charged interest from the date of each purchase.

Pros

0% p.a. on balance transfers for the first 20 months
Low 12.74% purchase interest rate
Up to 4 additional cardholders at no extra cost
Compatible with Samsung Pay, Google Pay, and Apple Pay

Cons

Charges a one-time 1% balance transfer fee
High 21.99% p.a. balance transfer rate after the introductory period
No interest-free days on purchases, which means you will be charged interest from the day you make a purchase on your card

The Suncorp Clear Options Standard is a no frills credit card you can use anywhere Visa is accepted. You can also add it to Apple Pay and Samsung Pay. But it doesn’t offer many extras or perks, so make sure you consider that when you’re comparing it to other cards.

Details

Product details

Product Name	Suncorp Clear Options Standard Credit Card
Balance transfer rate p.a.	0% for 20 months with 1% balance transfer fee, then 21.99%
Purchase rate p.a.	12.74%
Interest-free period
Cash advance rate p.a.	21.99%
Min credit limit	$2,000
Max credit limit	$20,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$25,000
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$55
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%
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Suncorp Clear Options Standard credit card online in around 10 minutes. Before you start, check if you meet the eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

Income. You must earn at least $25,000 p.a.
Residency. This card is available to permanent Australian residents.

Age. You must be at least 18 years old to apply.
Credit history. You'll need a good credit score to receive approval. You can check your comprehensive credit report and score for free through Finder.

Required documents

Personal details. This includes your full name, date of birth, contact details, nationality and whether you are an Australian permanent resident.
Proof of identification. You will also be asked to provide your driver's licence or another valid form of ID, such as your Australian passport (where relevant).
Employment. You'll be asked for details about your profession, employer's contact details and your salary.
Finances. This includes your income and assets, such as savings. You will also need to provide details of any other loans or credit cards, along with your regular monthly expenses, such as rent or mortgage payments and utility bills.

Card benefits

0% balance transfer offer. You'll get 0% p.a. interest on balance transfers for the first 20 months, with a 1% balance transfer fee when you apply for this card by 28 August 2024. At the end of the introductory period, any unpaid balance will be charged interest at the variable cash advance rate, currently 21.99% p.a.
Visa Offers + Perks. This Visa credit card gives you access to exclusive offers for shopping, dining, travel, entertainment and more, with current offers listed on the Visa website.

Security. Your card is protected from fraudulent transactions thanks to Visa Secure, FRAUDSHIELD and Visa Zero Liability. If your card is lost or stolen, you can request and receive a replacement card within 24 hours.
Mobile wallets. You can link your credit card with Samsung Pay, Google Pay, and Apple Pay to make contactless payments with your eligible smartphone or smartwatch.

Rates & fees

Annual fee. This card charges a $55 annual fee.
Low purchase rate. The purchase rate for this card is 12.74% p.a., which is competitive with other low rate credit cards, as rates typically range from 8% to 15% in this category.

Cash advance interest rate. A variable interest rate of 21.99% p.a. is applied when you use your credit card for cash advance transactions, such as ATM withdrawals. A cash advance fee of 3.5% of the transaction amount (minimum $3.50) will also apply.
Credit limit. You can request a credit limit from $2,000 up to $20,000. Individual credit limits are subject to the bank's lending criteria, so you may have a lower credit limit depending on your financial circumstances.
Interest-free days. This card does not offer any interest-free days on purchases. So, if you plan to repay the total amount listed on each statement, you may want to learn more about interest-free days to decide if it's a feature you want on a credit card.
Additional cardholders. You can request up to 4 additional cards linked to your account at no extra cost.

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Amy Finder

Editor

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Lesley

October 05, 2023

With a balance transfer do you still have to pay a minimum monthly repayment?

Amy Bradney-George Finder

October 06, 2023

Hi Lesley,

Yes, you still have to pay the minimum amount listed on each monthly statement to service the account. I hope that helps.

BASILIOS TRIANTAFILLOU

June 12, 2023

I am on D S P can I get a standard credit card

Amy Bradney-George Finder

June 15, 2023

Hi Basilios,

If you meet the eligibility requirements, including the minimum income requirement, you can apply for this credit card. Suncorp will then assess your application before giving you an outcome. If you have questions about eligibility, you can call Suncorp on 13 11 55. Finder’s guide to credit cards for people on Centrelink may also be of assistance. I hope that helps.

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raeleen

February 14, 2019

Clear Options credit card – are there any reward points?

Charisse Finder

February 19, 2019

Hi Raeleen,

Thanks for contacting Finder.

Suncorp Clear Options Standard credit card does not let you earn reward points however, it gives you 10% cashback on eligible purchases made by both the primary or additional cardholders in the first 6 months (up to $150).

You can consider Suncorp Clear Options Gold and Platinum credit cards instead, if you want to earn reward points.

I hope this helps.

Cheers,

Charisse

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Ivo

October 18, 2018

Need to talk to someone re best 0% balance transfer

regards

Ivo

John Basanes Finder

October 18, 2018

Hi Ivo,

Thank you for leaving a question.

At this time, we do not have a phone line we can use to call you back. We can only assist you through chat and/or email. If you are referring to Suncorp, you may call them at 13 11 55.

You may also refer to our list of balance transfer credit cards available for comparison, you can use our comparison table to help you find the card that suits you. When you are ready, press the “Go to site” button of your preferred card to apply. Hope this helps!

Cheers,

Reggie

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Peter

August 28, 2018

I am looking to pre-purchase domestic accommodation for early 2019. Does this credit card offer insurance if I can’t attend?

Joshua Finder

August 28, 2018

Hi Peter,

Thanks for getting in touch with Finder. I hope all is well with you. :)

Suncorp Clear Options Standard credit card does not come with complimentary travel insurance.

You may instead refer to our list of credit card complimentary travel insurance. On that page, you will see a table that allows you to conveniently compare your options. Once you find the right one for you, click on the “Go to Site” green button to learn more or initiate your application.

I hope this helps. Should you have further questions, please don’t hesitate to reach out again.

Have a wonderful day!

Cheers,

Joshua

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Suncorp Clear Options Standard Credit Card

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