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Platinum Card (Suncorp Bank Rewards)

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
1.25 points for $1 spentVisauncappedeligible transactions
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Available when you use your Card or rewards points to pay for return international travel
  • Free Supplementary Cards
  • Purchase Protection Covers up to $200,000 per year. Maximum payable per individual claim is the lesser of the value of the personal item of $5,000.
  • Extended Warranty
  • Concierge

Features

The Suncorp Bank Platinum Card (Suncorp Bank Rewards) credit card offers a moderate number of interest-free days for a moderately high annual fee at a high rate of interest.

It provides access to the Suncorp rewards program with benefits such as complimentary insurances, extended warranties and bonus cash back.

A high credit limit is available for this Visa card, however the limit awarded is based on your credit rating and subject to confirmation that you earn a minimum of $35,000 per year.

Applicants can take advantage of the 0 per cent interest on balance transfers. And up to four additional cardholders can be included on the account at no extra cost.

The Suncorp Clear Options Platinum credit card lets you make purchases and payments using Visa payWave and Samsung Pay.

The credit card is protected by a range of security features including Verified by Visa, FRAUDSHIELD and Visa Zero Liability.

Pros
  • Extra cardholders at no cost
  • Rewards program
  • 24/7 customer service
Cons
  • Annual fee charged
  • Late payment fee charged
  • High interest rate

 

Who is it good for?

The Suncorp Bank Platinum Card (Suncorp Bank Rewards) might be a suitable option for existing Suncorp Bank customers wanting a credit card that links to a bank account for convenience. 

If you’re not already with Suncorp Bank, but like to travel, this Visa card offers a range of privileges including complimentary domestic and international travel insurances.

This credit card also gives you 24/7 access to a personal concierge service where you can get assistance with travel, event and hotel bookings.

If you prefer using a credit card over cash for everyday purchases, the Suncorp Bank Platinum Card (Suncorp Bank Rewards) could help you maximise the points you earn.

Points can be redeemed via the online Suncorp Bank Rewards website, or transferred to a variety of local and international travel loyalty programs. 

Compatible partner programs include Emirates Skywards, Singapore Airlines KrisFlyer and Velocity Frequent Flyer. 

What RateCity says

The Suncorp Bank Platinum Card (Suncorp Bank Rewards) has a range of platinum privileges and features, including 18 months’ interest-free on balance transfers for new applicants.   

Its moderately high annual fee is balanced by a competitive offering compared to more expensive cards on the market.

The provision for up to four additional cardholders at no cost has no annual fees attached. Many credit cards charge an annual fee for every person on the account.

Cardholders have the option to transfer reward points across to third-party partner programs, whereas some providers require points to be redeemed within their program.

Visa Entertainment is available at no extra cost, providing access to exclusive pre-sales, offers and competitions.  

The card also comes with complimentary security features and convenient methods of use including Visa payWave and Samsung Pay. 

Applying/eligibility

You can apply for a Suncorp Bank Platinum Card (Suncorp Bank Rewards) over the phone, online or in a Suncorp Bank branch. To be eligible, you must be 18 years old, have a good credit rating and an annual income of $35,000. You must provide proof of identity in the form of an Australian driver's licence, Medicare card, passport or Australian birth certificate. Ensure you have information about your income and employment on hand, including details of your financial commitments.

About Suncorp Bank

Suncorp Bank started as the Queensland Agricultural Bank in 1902, and is now part of the Suncorp Group, with its head office in Brisbane. Suncorp Bank is an ASX-listed company with $97 billion in assets. It employs more than 13,000 people and serves close to nine million customers across Australia and New Zealand. Suncorp Bank’s products include credit cards, savings accounts, transaction accounts, home loans, personal loans, car loans, term deposits and margin loans.

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