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Suncorp Clear Options Platinum Credit Card: 140,000 Bonus Points (Worth $600) with $4,500 Spend in 3 Months, $129 1st Year Fee

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Suncorp Clear Options Platinum Credit Card: 140,000 Bonus Points (Worth $600) with $4,500 Spend in 3 Months, $129 1st Year Fee
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ozbargainerlife1 on 16/07/2024 - 13:03 suncorpbank.com.au (1116 clicks)
Last edited 16/07/2024 - 13:55 by 1 other user

1. Offer commenced 18 June 2024. To earn 140,000 bonus Suncorp Credit Card Rewards Points, you must apply for a new Suncorp Clear Options Platinum Credit Card before the offer is withdrawn, then spend $4,500 or more on eligible purchases within 3 months from approval. Please note, purchases must be processed and charged to your account within the spend period. Eligible purchases exclude Cash Advances, Balance Transfers, Special Promotions, refunds and chargebacks, purchases of foreign currency and traveller cheques, transactions made in operating a business, payments to other Suncorp Bank accounts, bank fees and charges, such as interest and ATM charges and transactions made using points. The bonus Suncorp Credit Card Rewards Points will be credited to your Rewards Balance within 6-8 weeks from meeting the spend hurdle providing your Account is open and in good standing (for example your account is not in default, suspended or closed). All rewards are subject to the Suncorp Credit Card Rewards Program terms and conditions. We reserve the right to withdraw or change the offer at any time without notice. Please note that this promotion is not available if you opt into the Suncorp Qantas Frequent Flyer Program or choose a Home Package Plus package.

This offer is not available when closing or transferring from another Suncorp Bank branded credit card account or in conjunction with any other Suncorp Bank branded credit card offer.

2. Actual Credit Limit will be assigned based on NAB's Credit Criteria, your credit rating and subject to confirmation that you earn a minimum of $35,000 p.a. for the Suncorp Clear Options Platinum Visa card

Financial Credit Card Reward Points VISA

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Comments

  • jaygee on 16/07/2024 - 13:18
    +1

    Can't even figure out what 140k points converts to on their website, anyone know?

    • nightelves on 16/07/2024 - 15:04
      +5

      70k Velocity

    • VQLD on 26/08/2024 - 14:03

      $670 in GC, minus AF, not bad at the moment..
      However:
      The bonus Suncorp Bank Credit Card Rewards Points will be credited to your Rewards Balance within 6-8 weeks from meeting the spend hurdle providing your Account is open and in good standing (for example your account is not in default, suspended or closed). All rewards are subject to the Suncorp Bank Credit Card Rewards Program terms and conditions. We reserve the right to withdraw or change the offer at any time without notice.

  • BargainGeezer on 16/07/2024 - 13:21
    +8

    Anyone applying for this should be aware that this is product is issued by Nab (which also issues Coles, Citi, BoQ and Virgin Money).

    If you already have cards from any of those, it’ll likely weigh heavily against your application (thanks ACCC!).

    • M00Cow on 16/07/2024 - 13:31

      wow. Suncorp is a bank in it's own right. I wonder why they piggyback off NAB?

      • ol mate on 16/07/2024 - 13:40

        They sold the portfolio to Citibank in 2008
        https://www.suncorpgroup.com.au/news/news/suncorp-and-citiba…

        Will be interesting - Suncorp (soon to be owned by ANZ) cards issued by NAB (after their acquisition of Citi’s consumer banking business)

        • Savealopoulos on 16/07/2024 - 19:22

          Suncorp Bank aka Suncorp-Metway, not Suncorp itself.

          • ol mate on 16/07/2024 - 19:54
            +1

            @Savealopoulos: Correct, the bank portion will be part of ANZ. The insurance part is hoping to be more competitive with IAG and QBE without the bank business weighing down their multiples in the ASX.

    • ozbargainerlife1 on 16/07/2024 - 14:46

      Have you tried to apply two for NAB backed cards? I have one and thinkingnto apply this

      • nightelves on 16/07/2024 - 15:05

        I’ve got 3. Prestige, Citi Rewards Velocity and Virgin Money.

      • SirPumpkinator on 26/07/2024 - 21:41
        +1

        I just applied for a Citibank and Suncorp (both NAB) the same day. Received a phone call that evening from NAB confirming if I want to indeed proceed with both, or just one. I confirmed both. 2 days later they were both approved. I currently also have 2 other Coles credit cards, also backed by NAB.

  • samfisher5986 on 16/07/2024 - 13:36

    This is a great card for rewards, I've had a lot of coles gift cards from this card and I'll convert the remaining to flybuys points before I close the card before the year is over

    Watch out because it seems they charge a fee for international transactions.

  • clot10 on 16/07/2024 - 15:05

    Is the idea here, sign up, get the points, spend the points, close the card?

    • nightelves on 16/07/2024 - 15:06

      That’s the idea.

      • clot10 on 16/07/2024 - 15:51

        Is the annual fee charged in the first bank statement?

    • supersabroso on 25/07/2024 - 14:22

      The return rate is still inferior to the Coles Rewards Mastercard which offers 1% cashback in flybuys points for the first $3k/month. After that, it's identical to it at 0.5% cashback in points but the Coles Rewards Mastercard has a lower annual fee so it's the better card unless you want travel insurance in which you'll have to go with Suncorp as the Coles Rewards Mastercard doesn't offer it. So in summary, yes, this card is only beneficial to you if you're going to spend more than $25.8k/year after the first year.

      • VQLD on 12/08/2024 - 15:34

        I dont think ozbargain churners plan to keep CC for more than 1-3months. So, appx $476 from Suncorp is way better than $151 from Coles…

  • Eugklng on 16/07/2024 - 16:41

    Closed mine a few months ago but the T&Cs don't appear to mention anything about time as previous customer in order to be eligible.

    • samfisher5986 on 16/07/2024 - 17:16

      I'm curious, did you try and go for a refund on the annual fee?

      • Eugklng on 16/07/2024 - 17:17

        no..just absorbed it. Didn't know it was even possible to ask for that fee refund?

    • rickywowpow on 22/07/2024 - 16:47

      I called them apparently you're not eligible if you have held this credit card before even after 12 months

      • Eugklng on 22/07/2024 - 22:02

        oh.Thanks for clarifying but I think there are laws that they must deidentify customer data if no longer a customer. But not sure how long the law allows them to keep ex-customer's data.

    • leigh8904 on 23/07/2024 - 04:46

      The Ts&Cs at https://www.suncorpbank.com.au/bank-and-save/credit-cards.ht… certainly do not mention any 12 month backoff from having held card before. I suggest whatever is written in the Ts&Cs should be taken as accurate. I can confirm in the past I have closed this card, and then reapplied in less than 12 months, and still got the bonus.

      • Eugklng on 23/07/2024 - 07:23

        This was before Suncorpbank got taken over. They’ve got a new owner now from what I’ve heard

        • nightelves on 08/08/2024 - 16:19

          New owner hasn't updated the T&Cs to reflect the 12 months exclusion period.

      • vawiyoci on 03/10/2024 - 10:47

        I can confirm in the past I have closed this card, and then reapplied in less than 12 months, and still got the bonus.

        Have you tried it with both their qantas and rewards-only cards within the same 12 months?

        • leigh8904 on 06/10/2024 - 12:55

          Rewards only cards for me, I have not used Qantas FF cards.

  • danggggg on 20/07/2024 - 14:26

    Where does it mention about 1st year free?

    • maverick1 on 22/07/2024 - 00:22

      Nowhere!

    • paddyo on 24/07/2024 - 15:46

      It says 1st Year FEE, not free.

  • SirPumpkinator on 26/07/2024 - 21:43

    Assuming Suncorp don’t have a PayAll option like Citi? Just regular $4,500 spending?

  • xzclzj on 29/07/2024 - 16:23

    110K gross income, 4K credit card with Amex, 355K shared home loan. No dependent.
    Suncorp said I am not eligible for their product with my 'poor' credit score, again. I may have to stop churning NAB products for a while.

    • SirPumpkinator on 29/07/2024 - 16:27

      What’s your approx score?

    • nightelves on 08/08/2024 - 16:16

      Register for Illion or ClearScore so you can check your credit score before applying for credit card.

    • johnjones8 on 15/08/2024 - 23:19

      Weird I'm around similar financial status and got rejected as well with the usual spiel of vague reasons, with credit score at number 6. Though also suspect it has to do with all these NAB and CITI issued cards being connected now.

  • SirPumpkinator on 26/08/2024 - 14:53

    Anyone have any real world evidence on how long until the bonus points are credited? I’m aware t&cs say 6-8 weeks.

  • thecheapest on 27/08/2024 - 13:26

    I got my first statement today and was charged the annual Fee. Met the minimum spend multiple times over inside the first statement period.

    If you guys login to Suncorp rewards, do you see any points accrued yet? (Just the standard from spend, not actually bonus)
    Wondering how long they take to show there and also bonus points in reality..

    • gembel on 28/08/2024 - 00:34

      I also received my first statement today.
      Spent about $2500 this statement and the rewards page showing I have 0 points.

      Is yours also showing 0?

      • thecheapest on 28/08/2024 - 09:59

        Yup, 0 points earned, no mention of points on the statement either, odd.
        Typically the earned points (not bonus) are pretty quick after the statement, with the bonus suffering the 1-2 month lag. Let's see!!

        • gembel on 28/08/2024 - 10:06
          +1

          It might be worth calling Suncorp to ask about the 0 points
          Looking at past deals, people received their base points and bonus points immediately with their statements

        • gembel on 28/08/2024 - 14:53

          I called Suncorp and apparently there's a known issue with newly opened cards where the points are not credited to the accounts correctly.
          They will credit my points in the next 3 business days.
          You will have to call them to get them to credit the card base points and bonus points.
          Let me know how it goes

          • SirPumpkinator on 28/08/2024 - 16:44

            @gembel: My Suncorp account is saying I don't even have a valid rewards card, and to sign up for a platinum card (despite the card being a platinum card). Is that the same for you?

            • gembel on 28/08/2024 - 16:56

              @SirPumpkinator: On which page do you see this?
              Are you able to see the Rewards page at all?

              • SirPumpkinator on 28/08/2024 - 16:58

                @gembel: Looking at suncorp.cardservicesdirect.com.au, Rewards -> Benefits. I get told "To access Suncorp Bank Rewards, you need to be a Platinum Credit Card customer." Under Rewards -> Points Earned, I have "Reward Points: 0".

                I'm on the phone to them right now. CS was saying "Hmm, I'm confused why you have no points too. Let me look into this".

          • SirPumpkinator on 28/08/2024 - 17:04

            @gembel: CS has acknowledged the same issue as what you've mentioned - however is determining if my card is affected by the same incident report.

            Interestingly, the Citibank card that I also opened on the same day also shows 0 points. I'll have to ask about that one next too - I wonder if they'll let me do it on the same phone call and make me call back (assuming it's the exact same call queue, both being with NAB)!

  • SirPumpkinator on 28/08/2024 - 18:32
    +2

    For anyone not seeing their points showing up - Customer Support have just confirmed that any cards issued after 22nd July have not been automatically enrolled in the rewards program. Apparently my card had to be manually enrolled, and then a request put in to recalculate any purchases on my card and their respective rewards points (will take up to 3 business days). She said she made a note regarding the 140,000 introductory points offer, but thinks it would sort itself out once my other points were recalculated.

    • gembel on 29/08/2024 - 13:17

      Has yours updated yet? Mine is still showing 0 reward points

      • SirPumpkinator on 29/08/2024 - 13:18

        Nope. Same here.

        • gembel on 30/08/2024 - 10:35

          I'm seeing around 100 points on my account now, dated 28th. I'm not sure if this is from recent transactions or from the transactions at the beginning of last statement.

          • SirPumpkinator on 30/08/2024 - 21:04

            @gembel: Probably recent, as I still have 0, and haven't used my card in the past week and a bit.

            • gembel on 02/09/2024 - 11:08

              @SirPumpkinator: can see my points now from the previous statement spending

              have you received your base points and bonus points?

              • SirPumpkinator on 02/09/2024 - 21:59

                @gembel: I've got my 6,781 points for statement, ready to go. No bonus points. You?

                • gembel on 03/09/2024 - 08:02

                  @SirPumpkinator: Got my first statement points. No bonus points yet either

                  • SirPumpkinator on 04/09/2024 - 10:36

                    @gembel: Just received a call back from CS. They let me know all my points from previous statement period have been calculated. I asked her to check into the bonus points. She said she can see that I've satisfied all requirements, so it will be 6-8 weeks from the date I reached the $4,500 spending.

                    • gembel on 04/09/2024 - 11:26

                      @SirPumpkinator: hopefully we will receive it not too long after. need to churn this card

    • johnjones8 on 29/08/2024 - 21:21

      Wow after the qantas points debacle last year where something similar happened, you'd think they'd have sorted out these IT issues.

  • thecheapest on 01/09/2024 - 22:31

    I'm now seeing points after calling, however no 140k bonus points yet.

    • gembel on 02/09/2024 - 11:09

      did you spend the min requirement on your first statement?
      might want to try calling again for the bonus points

  • zoza on 03/09/2024 - 22:37

    https://www.suncorpbank.com.au/bank-and-save/credit-cards.ht…
    Looks like back on .
    Can anyone explain to me the Overseas Travel and Medical Insurance

  • gembel on 05/09/2024 - 18:20

    I received an email with a message "This is a friendly reminder about your introductory bonus reward points offer" even though I've already met the minimum spending criteria!

    • SirPumpkinator on 08/09/2024 - 18:29

      Just got my email too. CS had already confirmed I'd satisfied requirements last week though.

      • gembel on 09/09/2024 - 13:54

        my base points from the previous statement seem to have doubled! they must have re-calculated it twice

        • SirPumpkinator on 09/09/2024 - 22:25

          Hahaha, mine too! Free $30 extra for me. Better than a slap in the face with a wet fish.

  • gembel on 16/09/2024 - 13:23

    Still waiting for the bonus points…

  • gembel on 20/09/2024 - 14:35

    Has anyone received the bonus points yet?

  • gembel on 24/09/2024 - 10:48

    Got my second statement today, and 140k bonus points came with the statement.

    • SirPumpkinator on 24/09/2024 - 11:28

      Woo! Good to hear. My statement is due in 4 days.

    • SirPumpkinator on 27/09/2024 - 09:16

      Yep, mine came through on statement.

  • johnnytran on 24/09/2024 - 20:58

    Why didn't I see this offer before applying for the st. george card.. I guess i'll get some bonus from shopback purchases

  • seanmilt on 07/10/2024 - 09:52

    I was churning this one, and after reading this thread, called to confirm I was a previous Suncorp customer, with a credit card just over 12 months ago, and the person who answered the call confirmed I would be eligible for the 140k bonus points

    • SirPumpkinator on 07/10/2024 - 10:19

      Have they approved you though?

      • seanmilt on 07/10/2024 - 10:20

        Waiting on this…

        • SirPumpkinator on 07/10/2024 - 10:20

          Let me know how you go! Curious if they'd approve me again, despite only signing up in August, and cancelling in September. ha

  • firestint on 10/10/2024 - 16:56

    So there's no 12 month waiting period for this card to receive the sign up bonus?

  • mstlx on 11/10/2024 - 09:16

    Met the $4500 spend in the first month, 6-8 weeks to wait for the 140k points to land. Bit long isn't it? Does it take that long for those who've got to this point? Used the card to pay for council rates and home insurance as part of the spent so worried that doesn't count towards the $4.5k. TIA.

    • SirPumpkinator on 23/10/2024 - 09:28

      I got my points on the second statement, which was roughly 6 weeks from getting the card and 5 weeks from meeting spend requirement.

  • firestint on 11/10/2024 - 13:01

    Conflicting messages. No mention of 12-month waiting period in their T&Cs, someone mentioned once you've had this card once you're no longer eligible forever. I just called and was told it has a 12-month waiting period.

    • vawiyoci on 11/10/2024 - 13:53
      +1

      Eh someone else in that same convo thread said they got it despite being not waiting 12 months. I took a punt as got no other cards in the meantime to apply for haha. Wasn't originally gonna try Suncorp again after the delay issues last year with Qantas, which from the August comments here appear to have happened again lol.

      • firestint on 11/10/2024 - 15:59

        Yep, was gonna apply too but only had this cancelled back in Feb. Fingers crossed you get the points!

        • vawiyoci on 13/11/2024 - 16:12

          Reporting back as I just received my first statement and the bonus points were on there. Now I'm curious if there's actually zero downtime or the typical citibank 3 months etc lol.

          • uptowndjango on 19/11/2024 - 10:39

            @vawiyoci: Great news? Did you wait for 3 months before reapplying?
            Also, any idea when is the actual "closing date" in their system? For instance, lets say I closed the card on Aug 1, but I had balance remaining I had to pay off, the balance cleared on same date, but a final statement came on Sep1 with the balance cleared. So, does that mean the last statement generation date is my "closing date"?

            • vawiyoci on 19/11/2024 - 10:57

              @uptowndjango: I think I was just a couple of months short of a year from my previous closure. Other comments were making an educated guess based on Citi's own cards which also didn't have exclusion periods in their t&cs, though sometimes they automatically reject you if you try to apply within 3 months.

              With regards to the account closure date I would assume it's simply the one on the letter they send you? Regardless of any outstanding balance etc.

  • Koipanda on 22/10/2024 - 08:20

    Anyone know how long it takes them to send the gift card?

    • SirPumpkinator on 23/10/2024 - 09:26

      Do you mean to get the sign-up bonus points? Took till my second statement.
      I used the points to get digital gift cards, which were instantaneous.

    • mstlx on 24/10/2024 - 00:27

      Redeemed on 20th Oct. Still nothing in inbox.

      • Koipanda on 24/10/2024 - 17:46

        Same, I had to go to redemption history and get it resent

  • syzuhair on 13/11/2024 - 12:47

    Are people getting the points as mentioned above? Not many people confirming

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