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Suncorp Bank Credit Cards

With its headquarters in Brisbane, Suncorp is one of Australia’s largest banks.

It started as the Queensland State Accident Insurance Office in 1916, but since then has expanded rapidly, with several mergers and acquisitions.

Today, Suncorp offers a host of financial services including personal and business banking, insurance, wealth management and superannuation.

Across Australia and New Zealand, the Suncorp Group has about 13,500 employees, 9 million customers and is a top 20 ASX-listed company with $96 billion in assets.

About Suncorp credit cards

Suncorp offers a range of credit cards to suit many customers:

  • Low-rate credit cards
  • Balance transfer credit cards
  • Gold credit cards
  • Platinum credit cards
  • VISA credit cards
  • Frequent Flyer credit cards

Each of the credit cards Suncorp offers has different rates, fees and rewards, so it pays to carefully compare to find one that suits your budget and needs. For example; the basic credit card offered by Suncorp has a moderately low interest rate, but no interest-free days on purchases, which might not suit every customer.

New Suncorp credit card customers are offered incentives to sign up, which include limited time cashback offers as well as 0 per cent balance transfers. Some Suncorp credit cards also come with free supplementary cards.

Unlike some of its competitors, Suncorp does not offer Mastercard and American Express, it only has VISA credit cards.

Suncorp credit cards review

Suncorp’s credit card range is not as wide as the big four banks, but it does offer basic no-frills credit cards as well as medium to high end credit cards with rewards.

The standard low rate credit cards offered by Suncorp come with a moderately high credit limit. The annual fees and interest rates on purchases are moderately low.

The Gold and Platinum rewards credit cards offered by Suncorp have high credit limits and several perks. However, these cards also have high interest rates on purchases, and moderately high fees. Each Suncorp rewards credit cards varies slightly, but perks include complimentary concierge, travel insurance and access to pre-sales offers on entertainment. The rewards include gift cards and cashback rewards, however some of these have points caps.

There is also the choice to upgrade a Suncorp Platinum credit card to a frequent flyer option, which earns Qantas points.

FAQs

A credit card can be an easy way to make purchases online, in person or over the phone. When used properly, a credit card can even help you manage your cash flow. But before applying for a credit card, it’s good to know how they work. A credit card is essentially a personal line of credit which lets you buy things and pay for them later. As a card holder, you’ll be given a credit limit and (potentially) charged interest on the money the bank lends you. At the end of each billing period, the bank will send you a statement which shows your outstanding balance and the minimum amount you need to pay back. If you don’t pay back the full balance amount, the bank will begin charging you interest.

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