Suncorp Bank Credit Cards

Suncorp Bank, is an Australian financial institution based in Queensland but with branches all over Australia. Suncorp Bank is Australia's fifth largest bank.

Featured Suncorp Credit Card

A low annual fee credit card with low purchase rate. You can also enjoy exclusive rewards from Visa with complete peace of mind.

• $27 for the first year ($55 thereafter) annual fee
• 12.74% p.a. on purchases
• Cash Advance Rate of 21.99% p.a.
• 0 days interest free
• Minimum Income Requirement of $25,000 p.a.

Read the Suncorp Clear Options Standard Visa Card terms and conditions.

Suncorp Bank Credit Card Comparison

			Interest Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Cash Advance Rate (p.a.)
	Suncorp Clear Options Standard Visa Card	A great low interest rate card with an excellent low annual fee.	12.74%		$27 for the first year ($55 thereafter)	21.99%

• Suncorp Bank Overlimit & Late Payment Fees

Suncorp Overview

This overview of Suncorp provides information about the history of the company and how it developed into the leading financial banking it has become. Read this article to find out all about the then and now of Suncorp.

Suncorp is one of the top providers for insurance in Australia and is the sixth largest bank in the country. It is also the third largest company as a general insurance provider in Australia. It provides personal, commercial, employee compensation and compulsory third-party insurance.

It is a leading Corporation that is based in Brisbane in the financial district. Its services include insurance, investments, banking, superannuation and company pension plans for applicants that qualify. It services medium and small scale entrepreneurs as well as retail customers.

The firm has managed over $13 billion of investment funds and has proven itself as a strategic and outstanding bank for managing investments and wealth.

Suncorp history

Suncorp was originally an agricultural bank and its history can be traced back to 1902. It began working with insurance businesses in 1916 when it was called the State Accident Insurance Office. Soon after, it expanded and became the State Government Insurance Office, which offered more than just accident insurance. It also covered compulsory third-party, general and life insurance. It continued its growth and began to offer superannuation plans and financial and social building.

While the Suncorp Company was growing and becoming more well-known, there was another insurance office that had also started in 1902 called the Queensland Agricultural Bank that was doing very well also. It started as a business financier in rural areas before beginning to lend money to medium and small size businesses.

The Queensland Industry Development Corporation and Suncorp merged with the Metway Bank in December of 1996. Metway was operating out of New South Wales and Queensland and was the biggest banking firm locally based. The three companies merged so they could provide insurance services and banking that was more competitive with a higher level of quality. The corporation was known as Suncorp-Metway Limited.

When the three companies merged, QIBC had assets worth $3 billion, Suncorp had $10 billion and Metway had $7.1 billion. The combination of these three firms was based on a decision to provide better services, meet the demands of its customers and be able to serve a wider market. In Queensland, Suncorp-Metway Limited is the largest financial institution and a great contributor to the economy of the country and state.

Suncorp Metway was given the Australian general insurance interests of Amp in July of 2001, which provided a $2 billion increase to its yearly premium income. It also went on to merge with the Promina Group in March, 2007.

Suncorp services and products

Suncorp has always treated their clients as a top priority and have continued to offer a great selection of products and financial services to keep their customers happy. Their products and services include home loans, insurance, banking, superannuation, financial planning and investments. All of these services are also structured so that individual needs are met by all.

Internet banking has been introduced at Suncorp so that Australians can use the convenience of online banking in their own homes. Accounts are very accessible and debit cards are offered as an added benefit. Credit cards are also available through American Express and Visa. Some of the credit cards Suncorp offers include:

• Suncorp Clear Options Standard Credit Card
• Suncorp Clear Options Plus Credit Card
• Suncorp Clear Options Gold Credit Card
• Suncorp Clear Options Business Credit Card

The Suncorp Clear Options Standard Credit Card

This product doesn’t offer a low rate balance transfer rate so those looking to save money on existing debt may not benefit, however it is one of the most affordable credit cards anywhere with a tiny interest rate of just 12.74% p.a..

The cash advance rate is 21.99% p.a. so if you can help it you should avoid cash transactions or withdrawals with this card altogether. They currently run a special deal on the annual fee, with new cardholders only having to pay $27 for the first year ($55 thereafter) for the first year.

After this time the annual fee reverts to $39, which still makes it the cheapest of the Suncorp cards to run.

You must be 18 years of age or older to apply, and you must be earning at least $25,000.

On the whole this is a very good standard credit card, and ideal for those who want to reduce the amount they pay in interest. The cards low rate means this is a card you can actually use for shopping without having to worry too much about additional charges increasing your debt.

The Suncorp Gold Credit Card

This credit card is aimed at consumers who like to travel, and who like being rewarded for their spending. With no promotional rate of interest, this isn’t a card for those interested in debt reduction.

The standard rate of interest from the off is 20.50% p.a., with a cash advance rate of 20.74% p.a. making this a more expensive card to use regularly. However, cardholders have up to 55 days interest free, meaning over a month to pay for any purchases before any interest is charged.

You do need to be quite organized to use a credit card in this way, but if you are it’s an excellent way to have the equivalent of monthly interest free loans.

The biggest draw of the Suncorp gold card is the rewards programs linked to the account. Users will earn 1 Suncorp point for every dollar they spend (no matter what they spend it on) and can then “cash in” those points for something from the Suncorp range of rewards.

If however you’re someone that travels regularly, you may like to take advantage of the Qantas Frequent Flyer program you can link to this card. Here you’d earn 2 frequent flyer points for every $3 dollars spent with the card, and these points can be used to pay for flights, hotels, and other travel related benefits.

As an additional bonus cardholders receive complimentary travel insurance, and purchase insurance. Ideal for keeping your family protected whilst abroad.

The annual fee for this card is $60 annual fee for the first year ($120 thereafter) a year, and you must be earning at least $30,000 a year in order to apply.

The higher earning requirement is reflected in the availability of a higher potential credit limit. Those who meet the criteria can be offered up to $25,000 in credit.

The Suncorp Platinum Card

This is Suncorp’s most prestigious card, and is really geared towards higher earners who use their credit card everyday.

The interest rate isn’t that much higher than the gold version of the card at 20.74% p.a. and 20.74% p.a. for a cash transaction, but there is the benefit of up to 55 days interest free to give you time to repay your monthly balance.

You also have access to the Qantas Frequent Flyer scheme, and the Suncorp Reward scheme so you’ll earn points every time you use your card. Savvy customers will use their card every time they make a purchase, ensuring the balance is repaid before interest is charged.

As an incentive to sign up, new customers get a free 40,000 reward points the minute they join.

There’s the free travel and purchases insurance enjoyed by gold cardholders, but also a host of other entertainment related benefits. You’ll have access to sport, theatre, and cinema tickets before anyone else so you can be first in line the next time your favourite band come to town.

You will need to be a high earner with $40,000 a year being the minimum requirement, but this is due to the credit limit being a potential $30,000.

As you can see Suncorp really do offer a credit card suitable for every pocket. Before you apply you need to work out what your spending personality is, and how you intend to use your card.

Are you looking for a debt reduction solution, or something that offers you rewards for money you were going to spend anyway?

Once you’ve got this figured out you can start the application process. You can apply instantly online and may even get an acceptance on the same day. Head to the Suncorp website and see which of their attractive credit card deals is right for you.

The bank helps their clients with international transactions and has a currency calculator available. Competitive rates are offered for foreign exchange on currency.

Suncorp understands that people want more than a house, they want a home that they can use for years to come. Home loans are offered with flexible and affordable rates so that clients are given more options to consider when purchasing a home. Mortgage consultations are available to help people figure out which mortgage strategy they should use, and applying for one is made as simple as possible. Refinancing is also a choice at Suncorp.

Insurance is offered for car, home, life, Caravan, CPT along with transit insurances. Claims are processed quickly and easily and payment terms can be made.

It can be difficult finding the right investment opportunities these days, but Suncorp is ready and willing to help with the process. It has cash and savings investments, property, share trading, margin lending, property investments, superannuation and investor directed portfolios. Everything you could need when it comes to making plans for your investments has been covered by Suncorp.

Financial planning is also a major part of the Suncorp business. The company knows that people need help planning for the future and are willing to help by offering consultations with professional financial planners.

Suncorp is a strong force in the Australian financial markets and is here to stay for many years to come. It is a wise choice to invest money in a company that can be trusted and has proven itself reliable over so many years.

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• Suncorp Bank Frequent Flyer Credit Cards
  

  With so many frequent flyer credit cards on the market it can often be tricky knowing which one is best for you. Here’s a look at leading lender Suncorp and their range of frequent flyer cards. If you haven’t yet checked these guys out, I suggest you read on.

• What Makes The Suncorp Clear Options Standard Visa Your Everyday Credit Card
  

  The Suncorp Clear Options Standard Visa, is a good card for people that want extra value and great performance in a card. This article will outline the important features about this card

• Suncorp Bank Clear Options Business Credit Card
  

  Check out how Suncorp Clear Options Business Credit Card help you maximise your cash flow and monitor your expenditures efficiently. It also provides every cardholder one of the best security for credit cards.

• Suncorp Bank Clear Options Standard Credit Card
  

  There are plenty of cards on the market, but there are hardly any that provide a bang for your buck. Suncorp Clear Options Standard Credit Card is one that is uncomplicated, secure, and most of all it does not cost all that much. Read on for more information about this card.

• Suncorp Bank Clear Options Plus Credit Card
  

  The Suncorp Clear Options Plus features a low interest balance transfer offer of making it a great card to consider if you are considering switching to Suncorp.

• Suncorp Bank Clear Options Gold Credit Card
  

  The Suncorp Clear Options Gold credit card is designed to allow customers to take control of their finances in ways that suit them most. From offering low rates on balance transfers, to offering great Rewards Programs that can increase the benefits even further, there are a lot of features in this card.

• Suncorp Bank Tips: How to Minimise Your Account Exception Fees
  

  Do you think every bank wants to make money from you? Think again. Suncorp Bank provides you with money-saving tips on how to avoid exception fees and charges.

• Suncorp Bank Clear Options Platinum Credit Card
  

  Do you want to know if you are qualified for a platinum credit card? Check out Credit Card Finder®’s article on Suncorp Clear Options Platinum Credit Card’s requirements, benefits and privileges.

• Suncorp Credit Cards Rewards Program
  

  Suncorp offers a wide array of credit cards to suit different needs and lifestyle. Here’s a list of their credit cards and its benefits and privileges for you to choose from.

• Suncorp Credit Card Fees & Charges
  

  Suncorp explains all transactions on your card that charges you extra fees. Now, avoiding it is much easier.

• Suncorp Velocity Rewards Program Credit Card
  

  The Suncorp Velocity Rewards Program Credit Card allows you to earn Suncorp Velocity Rewards points while spending with your Suncorp credit card. You can then use these points towards valuable redemption opportunities. To find out more about the Suncorp Velocity Rewards Program read on.

Popular Credit Card Offers

			Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
	ANZ Platinum Credit Card	A unique platinum credit card offer with a low balance transfer and purchases rate.	0% p.a. for 6 months (reverts to 19.39% p.a.)	0% for 6 months	$0 annual fee for the first year ($0 thereafter)	20.99%	E-mail me this offer
	HSBC Credit Card	A 0% balance transfer, $0 annual fee for life credit card.	17.99% p.a.	0% for 8 months with 2% balance transfer fee	$0	21.99%	E-mail me this offer
	Westpac Low Rate Card	A low rate on purchases, balance transfer and a $0 annual fee.	1.9% p.a. for 9 months (reverts to 13.49% p.a.)	3.99% for 6 months	$45 annual fee for the first year ($0 thereafter)	21.49%	E-mail me this offer
	Citibank Rewards Credit Card - Platinum Card	An extended 15 month balance transfer offer with 20,000 bonus reward points.	20.99% p.a.	0.9% for 15 months	$199	21.74%	E-mail me this offer
	Bankwest Breeze MasterCard	Low ongoing purchase rate from Bankwest, with an introductory purchase rate credit card.	0% p.a. for 6 months (reverts to 10.99% p.a.)	4.99% for 9 months	$49	21.99%	E-mail me this offer