As well as interest charges when you carry a balance, Suncorp Bank credit cards have a range of other fees that apply at certain times. Find out more here.
From annual fees to cash advance and foreign currency transaction charges, there is a wide range of costs that come from using a credit card. But some of these fees can be avoided by choosing the right card and using it wisely. In this guide, we outline the fees and charges for Suncorp Bank credit cards, as well as ways you could avoid or reduce them.
Comparison of Suncorp Bank Credit Cards
Rates last updated September 29th, 2016.
- Suncorp Clear Options Platinum Credit Card
Updated the balance transfer length
July 1st, 2016
- Suncorp Clear Options Standard Visa Credit Card
0% for 14 months balance transfer offer has been extended until 31 January 2017.
July 23rd, 2016
Suncorp Bank credit card annual fees vary depending on the specific product you choose. Some of these cards only charge a primary cardholder fee, while others also have an additional annual fee for supplementary cardholders. The annual fee is first charged when you activate the card. After that, this fee is charged every year on the anniversary date your account was approved.
Cash advance fee
For domestic transactions within Australia, a fee of 3.50% of the Transaction amount, with a minimum charge of $3.50 is charged based the total value of each cash advance.
All international cash advances are charged at 1.50% of the transaction amount (after conversion to Australia). This value is calculated after converting the amount to Australian dollars.
Note that use of ATMs not owned by Suncorp Bank may result in an ATM direct charge. International cash withdrawals will also be subject to the foreign currency exchange fee.
Foreign currency exchange fee
When you use your card overseas, a foreign currency exchange fee is charged on all credit purchases and cash advances. This fee is charged at 3.4% of the value of the transaction. If you want to avoid this fee, you may want to consider a credit card that charges no international transaction fees, or a $0 fee travel money option.
A fee of $15 is applicable each time you dishonour a cheque or Easi-Pay payment. Note that interest will also be charged on any outstanding amounts. You can avoid this fee by monitoring your balance and making sure there are enough funds available before a scheduled automatic payment or the drawing of a cheque.
Each time you miss your monthly minimum payment you will be subject to a $10 late fee. This fee is deducted when your payment is not received by the due date, and charged every 7 days thereafter until the due payment is received.
An Overlimit Fee is charged when your account exceeds the maximum credit limit. $40 will be debited from your account for each statement cycle that exceeds this limit. You can avoid this fee by regularly checking the balance of your account and making sure you have enough funds for your purchases.
Statement copies and information requests
A fee of $14 applies if you require an additional copy of your statement or request other information. You may be able to avoid this fee by accessing statements and other information via Suncorp’s Internet banking service.
While some of these fees may seem small, they can add up over time. You should also remember that you will be charged interest on each of these fees as they are directly debited from your credit card account. But now that you know more about Suncorp credit card fees, you can make more informed decisions about how and when you use your card to keep additional costs to a minimum.Back to top