With so many credit cards out there, it can be a real task finding one that ticks all the boxes. But if you’re an Aussie looking for a solid mix of perks, flexibility, and rewards, the Suncorp Bank Clear Options Platinum Credit Card might just be the one for you.

Loaded with features like reward points, built-in travel insurance, and 24/7 concierge support, this card is geared towards Australians who want a little extra out of their everyday purchases. But is it worth the annual fee? Let’s take a closer look to see if the Suncorp Platinum is the right fit for your wallet.

Benefits of the Suncorp Clear Options Platinum Credit Card

Earn Rewards Points on Your Everyday Spending

One big perk of the Suncorp Platinum card is its rewards program. You’ll earn 1.25 reward points for every dollar spent on eligible purchases. From groceries to fuel, each purchase helps rack up points that can be redeemed for a whole range of options: travel perks, gift cards, or even retail shopping vouchers. For those of us who love a little kickback on our spending, this card certainly delivers.

Travel Insurance to Cover Your Adventures

Whether you’re planning a holiday or a business trip, the Suncorp Platinum comes with International Travel Insurance that’ll have you covered. From trip cancellations and lost luggage to unexpected medical expenses, this insurance could save you big bucks. You’ll also get:

Extended Warranty Insurance for eligible purchases, which extends the original manufacturer’s warranty.
Purchase Protection Insurance for accidental damage or theft on recent buys.

For many Aussies, this coverage alone can offset the annual fee, especially if you’re a frequent flyer or gadget lover.

24/7 Global Concierge Service – Your Personal Assistant

If you’re always on the go, the 24/7 concierge service might become your new best mate. Whether you need restaurant bookings, event recommendations, or even help finding services abroad, the concierge is there to make life easier. Having a global support system is a handy feature, and it’s included free of charge with this card.

Up to 55 Interest-Free Days

With up to 55 interest-free days on retail purchases, the Suncorp Platinum is also practical for Aussies who prefer to clear their balance every month. Just be sure to pay off your full statement by the due date – it’s the best way to get the most from your interest-free period without paying extra.

Key Considerations Before Applying

While the perks sound great, it’s worth weighing up a few points before jumping in. For starters, there’s an annual fee of $129. While it’s reasonable for a platinum card, those who aren’t likely to use the travel insurance or rewards may find this fee a bit steep.

The card also has a 20.50% p.a. interest rate on purchases. If you’re the type to carry a balance month to month, this could add up quickly, so it’s something to keep in mind.

Eligibility Requirements for the Suncorp Clear Options Platinum Card

Before you can apply, you’ll need to check off a few boxes:

Be at least 18 years of age.
Have a stable source of income.
Be an Australian citizen or permanent resident.
Maintain a good credit history.

If this sounds like you, then you’re all set to apply. Just make sure to have some ID and income documents handy to speed up the process.

Fees and Charges

Here’s a quick rundown of the fees you can expect with the Suncorp Clear Options Platinum:

Annual Fee: $129
Interest Rate on Purchases: 20.50% p.a.
Cash Advance Rate: 21.99% p.a.
Interest-Free Days: Up to 55 days on retail purchases
Late Payment Fee: $30

While these are standard for a platinum card, it’s worth noting the rates if you’re planning to carry a balance. Always check Suncorp’s latest information on fees, as these may change from time to time.

How to Apply for the Suncorp Clear Options Platinum Credit Card

Ready to take the plunge? Suncorp makes it easy to apply both online and through the app. Here’s the step-by-step for both options.

Applying Online

Head to the Suncorp website and find the Clear Options Platinum card page.

Click “Apply Now” to start your application.
Fill in the form with your personal, financial, and employment details.
Submit your application and wait for Suncorp to contact you with the outcome.

Applying via the Suncorp Mobile App

If you’re already a Suncorp customer, you can also apply directly through the Suncorp mobile app. Here’s how:

Open the app and sign in with your account details.
Navigate to the credit cards section and find the Clear Options Platinum card.
Follow the prompts to enter your details and submit the application.
You’ll get updates on the application status right in the app.

Contact Information

If you’ve got any questions about the card or need help during the application process, here’s how to get in touch:

Phone: 13 11 55 (general banking enquiries)
Customer Service Hours: Monday to Friday, 8 am to 8 pm; Saturday, 9 am to 5 pm
Website: www.suncorpbank.com.au

Frequently Asked Questions (FAQs)

1. Can I earn points on all my purchases with the Suncorp Platinum Card?
Yes, the card allows you to earn points on eligible purchases, with 1.25 points per dollar spent. However, keep in mind that cash advances and some other types of transactions may not be eligible for points.

2. Is there a foreign transaction fee for overseas purchases?
Yes, like most Australian credit cards, there’s a foreign transaction fee. You’ll want to check the latest rates on Suncorp’s site to avoid any surprises.

3. How does the travel insurance work?
Travel insurance is activated once you make an eligible purchase with the card, like flights or accommodation. The insurance covers a range of incidents from cancellations to medical emergencies abroad.

4. What should I do if I lose my card?
In the event of a lost or stolen card, contact Suncorp immediately at 13 11 55. They can block your card and arrange for a replacement to keep your account secure.