Suncorp Credit Card Fees & Charges
There are many credit card fees and charges that you have to beware off. Sometimes you could be paying hefty fees for simply overdrawing your account or even using the wrong ATM. Read on for more information about Suncorp credit card fees and some ways of avoiding them.
Owning a credit card can be an expensive affair due to the various fees that are often charged. Some fees can however be avoided if you choose and use your credit card wisely. Below is a guide to Suncorp credit card fees and ways how you can avoid some of these fees.
Annual fee
An annual fee is the main types of fee that is common to almost every credit card. Suncorp charges you this fee when you activate your card. After that it is charged every year on the day your account was approved.
The fee for any additional card is calculate from the date your additional card was approved to the date when your next fee for the main credit card is due. After this initial period, the annual fee is due along with the fees of your main credit card.
Cash advance fee
For Domestic transactions within Australia, a fee of 2.5% is charged based the total value of each cash advance. There is however a $5 minimum fee per transaction.
All international cash advances are charged at 1.5% of the value of the transaction. This value is calculated after converting the amount to Australian dollars.
There are no additional Suncorp credit card fees for using Suncorp ATMs, however other ATM providers may charge a fee. You will also be charged the foreign currency exchange fee when you get an international cash advance.
Foreign currency exchange fee and foreign cheque clearance 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 3.3% of the value of the transaction and shared between Visa (1%) and Citigroup (2.3%).
If you pay your credit card using foreign cheques a flat fee of $30 is charged for cheque clearance.
Dishonour fee, late fee and overlimit fee
A fee of $15 is applicable each time you dishonour a cheque or Easi-Pay payment. Each time you miss your monthly minimum payment you will also be subject to a $40 late fee. This fee is deducted when your payment is not received by the due date.
An Overlimit Fee is charges when your account exceeds the maximum credit limit. $40 will be debited from your account for each statement cycle that exceeds this limit.
These fees seem small but 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. However these Suncorp credit card fees can easily be avoided by simply reading your account statement thoroughly and making a note of when your payments are due.
Other fees
- $2 – for payments made at Australia post
- $14- for each extra statement requested
- $8 – for each transaction you dispute, refunded if found in your favour
Now you should have a good understanding of the Suncorp credit card fees and charges to help you avoid most of them while you handle your credit card.
Read the official terms and conditions
| Minimum Income | $25,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $2,000 | Max Credit Limit | $25,000 |
| Annual Fee | $27 | Balance Transfer Fee | |
| Minimum Repayment | 2.5% | Interest Charged From | PurchaseDate |
| Late Payment Fee | $10 | Over Limit Fee | $40 |
| Overseas Emergency Replacement | $50 | Overseas ATM Balance check | |
| Overseas ATM Withdrawal | $5 | Foreign Currency Conversion Fee |
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