Suncorp Clear Options Gold

20.50% p.a.

No current offer

$120

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Redeem your points for travel, gift cards, retail rewards and shopping gift cards.
  • You can redeem flights via Velocity, Emirates Skywards or Krisflyer programs or by booking through the Suncorp Travel Centre.

Privileges

  • Purchase Protection
  • Guaranteed Pricing

Value of rewards points

  • Need to spend $62,000 (Visa)

  • Need to spend $23,800 (Visa)

  • Need to spend $21,000 (Visa)

  • Need to spend $580,000 (Visa)

  • Uncapped

  • Never

Details behind our 'value of rewards' calculations

  • 1 point per dollar on Visa, up to $1,500 per month, then
    0.5 points per dollar on Visa, uncapped

  • 40000 points buys a $100 credit

  • 20900 points buys a Myer $100 Gift Card

  • 1 points buys 0.4 Velocity Points; 7800 Velocity Points buys a Virgin Australia Sydney-Melbourne flight

  • 1 points buys 0.4 Velocity Points; 119600 Velocity Points buys a Velocity partner Sydney-London flight

* How did we do it? Find out...

Rates

  • 20.50% p.a.

  • none

  • No current offer

  • none

  • 21.99% p.a.

  • 55

Fees

  • $120.00

  • none

  • none

  • none

  • $10.00

  • 3.50%, min $3.50

  • 3.40%

  • $14.00

  • $14.00

  • $0.00

Other financial bits

  • $30.00

  • 2.0

Features

  • 4

  • none

  • none

About Suncorp

From small beginnings as a Queensland agricultural bank, Suncorp has grown to become Australia's sixth largest bank. Today Suncorp provides term deposits, savings accounts, home loans, personal loans and other financial services to over 800,000 customers through 178 retail outlets, 680 ATMs, 46 Business Centres, online banking and 24-hour call centres. Suncorp's branches are spread mainly throughout Queensland, Victoria and New South Wales, but are expanding into other states.

How are Suncorp credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.0

Based on 138
Suncorp credit cards reviews

6.7 6.5 7.2 7.5 7.4

Read Suncorp credit card reviews by the Mozo community

Latest reviews of Suncorp Clear Options Gold

Suncorp

Suncorp Clear Options Gold credit card review

Overall rating   5 / 10

Customer service is good but fees are too high

Overall service is good and the staff are pleasant. The fees are way too high for the type of service they provide.

Full review

Overall service is good and the staff are pleasant. The fees are way too high for the type of service they provide.

    Price   0 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Sue (QLD), reviewed 5 months ago

Suncorp

Suncorp Clear Options Gold credit card review

Overall rating   6 / 10

Always ask

Suncorp does try to reward customers with multiple products

Full review

Suncorp does try to reward customers with multiple products

    Price   6 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   5 / 10

Less

Lisa (QLD), reviewed almost 2 years ago

Suncorp

Suncorp Clear Options Gold credit card review

Overall rating   7 / 10

Very trusting.

Rates aren't great as we probably need to review them. Also they have just changed the rewards program. Not good now.

Full review

Rates aren't great as we probably need to review them. Also they have just changed the rewards program. Not good now.

    Price   4 / 10

    Features   3 / 10

    Customer service   6 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Cynthia (QLD), reviewed almost 2 years ago

Suncorp

Suncorp Clear Options Gold credit card review

Overall rating   7 / 10

Good customer service, high annual credit card fee

$120 card fee per year just to link it to a rewards program such as Qantas Frequent Flyer - does seem excessive. I think they should reward long time customers with great fee reductions or benefits, particularly in this very competitive space.

Full review

$120 card fee per year just to link it to a rewards program such as Qantas Frequent Flyer - does seem excessive. I think they should reward long time customers with great fee reductions or benefits, particularly in this very competitive space.

    Price   5 / 10

    Features   8 / 10

    Customer service   8 / 10

    Convenience   9 / 10

    Trust   8 / 10

Less

Rhian (VIC), reviewed about 2 years ago

Suncorp

Suncorp Clear Options Gold credit card review

Overall rating   10 / 10

No annual fees.

I currently have no annual fees charged as I have a home loan with Suncorp.

Full review

I currently have no annual fees charged as I have a home loan with Suncorp.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

John (VIC), reviewed about 2 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

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