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Suncorp Clear Options Platinum Credit Card: 130,000 Bonus Points after $3,000 Spend within 90 Days of Approval, $129 Annual Fee

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Suncorp Clear Options Platinum Credit Card: 130,000 Bonus Points after $3,000 Spend within 90 Days of Approval, $129 Annual Fee
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shppngtrlly com au on 08/12/2021 - 12:27 suncorp.com.au (5819 clicks)
Last edited 18/07/2022 - 18:56 by 3 other users

$511 of profit after meeting spend requirements

The details:
130,000 points
$129 p.a. annual fee
$6,000 min limit
1.25 points per dollar
Spend $3,000 in 90 days
New customers (no Suncorp credit card in the past 12 months)
Offer Expires 31/08/22

Suncorp has increased the bonus from 100k to 130k but has removed the half price first year annual fee. However, you actually end up with a bigger profit (from $426 to $511) because it's easier to cash out your points fully for woolies gift cards.

If redeeming for gift cards:
$500 x 1, $100 x 1, $20 x 2 in Woolworths gift cards, $640 total, with 250 points remaining.
$500 x 1, $100 x 1 in Coles gift cards, $600 total, with 8,650 points remaining.

Will be slightly less profit if you redeem for transaction credit.

Mod: Third-party posting limits exceeded

Financial Credit Card Reward Points VISA

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closed Comments

  • Izefyre on 08/12/2021 - 12:34
    +3

    After 2 yrs using this card for mostly everything, we only get to spend the points to buy a $300 gift card.

    • j4ck on 08/12/2021 - 12:38

      I guess that's still above the cost of the annual fee.

    • cook99 on 08/12/2021 - 12:40
      +9

      The only way to get any good value from points is the bonus sign up offers. That's why people churn through all the credit cards.

      In the last 2 years I would have had $3000 of gift cards and 500,000 Qantas points.

    • shppngtrlly com au on 08/12/2021 - 12:52

      Is that after the spending bonus? After you get the bonus and transfer to gift cards, the card works out to be a $100 gift card per $16k spent. Which doesn't sound great, but that's about average for all the point cards. Citi cards are $20k per $100 gift card, ANZ rewards black and Amex explorer are around $10k per $100 gift card.

    • [Deactivated] on 21/12/2021 - 22:15

      so you spent about $60,000? sounds about right.

      For credit cards the benefits come from the sign up bonus. Eg: Sign up to this card and get more than double what you got, and you don't need to spend a years salary.

    • payless69 on 24/12/2021 - 14:36

      This means getting $171 net to put up with Gerry like vacuumheads every year?

  • arctan on 08/12/2021 - 12:36

    Does the Suncorp reward points convert to airline points?

    • nightelves on 08/12/2021 - 12:44

      Want to know this also.

    • shppngtrlly com au on 08/12/2021 - 12:47
      +5

      Yep:
      Emirates Skywards 3 Points = 1 Skywards Miles

      flybuys 1.33 Points = 1 flybuys points

      Singapore Airlines Krisflyer 2.5 Points = 1 KrisFlyer Miles

      Velocity Frequent Flyer 2 Points = 1 Velocity

      • ViperAMD on 08/12/2021 - 13:18
        +9

        So 65k velocity points for $129? Pretty good deal.

      • xiaozaocha on 08/12/2021 - 15:58

        2.66 points = 2 flybuys = 1 velocity

        2 points = 1 velocity

        Great rate to exchange to velocity directly

  • Hits on 08/12/2021 - 12:50
    +6

    Love both of your sites (shppngtrlly and now rwrds)

    • tunzafun001 on 08/12/2021 - 23:58

      Nice…never seen this before.

  • brick007123 on 08/12/2021 - 12:54
    +5

    I like your card reward tracking website with all the numbers and figures neatly calculated and presented!

    • timhn on 08/12/2021 - 13:36
      +2

      Yes, that's pretty neat.

      I've just use a Google Sheet to keep track of my applications history. Only about 5 cards /year so not much hassle.

      • MrThing on 08/12/2021 - 14:19
        +4

        google sheets, high tech

        I just use microsoft notepad

        • brick007123 on 08/12/2021 - 14:34
          +6

          microsoft notepad, sophisticated
          I just use ms paint

          • peeppeep on 08/12/2021 - 15:57
            +4

            @brick007123: Ms paint, fancy
            I just use a white board and marker

            • ModBot on 08/12/2021 - 16:42
              +4

              @peeppeep: white board and marker, old-school
              I just use toilet paper

        • BargnHuntr on 09/12/2021 - 01:11
          -2

          Mine all in my head

    • fredblogs on 09/12/2021 - 12:11

      sorry which website is that?

      • timhn on 09/12/2021 - 19:06

        OP has a website that track credit card's promos. PM him for it since he has reached the limit for posting third party site.

  • Spectre1228 on 08/12/2021 - 12:55

    Does “no suncorp card in the past 12 months” mean their credit card only? I have their debit card atm.

  • musicinbed69 on 08/12/2021 - 13:01
    +3

    Why is she so excited about a credit card?
    She's actually staring at her phone.
    What has happened to warrant this reaction and how does it relate to the credit card?

    • brick007123 on 08/12/2021 - 13:07
      +2

      How about $640 in gift cards?

  • jmel on 08/12/2021 - 13:42

    awesome. thank you for sharing and great site

  • bossmode on 08/12/2021 - 13:49

    It's not recommended to opt-into the Suncorp Qantas Frequent Flyer program, given that there's a $49.00 annual fee involved, cutting into the gift card margin?

  • coxymla on 08/12/2021 - 13:50

    While this is a good deal, I hate having to pay an annual fee for the "chance" at getting a profit in gift cards.
    Way too much chance of something going wrong and never getting the bonus.

    • j4ck on 08/12/2021 - 13:53

      Is there a better option for a cheaper/no-fee point earning credit card?

    • endolphin on 08/12/2021 - 14:12
      +6

      What are you talking about? I have earnt over 40 bonuses over the years and not failed this "chance" once. There were a couple of times that I had to chase up the bank, but screenshots came in handy, and proved my case.

      • fredblogs on 09/12/2021 - 12:12

        How much work involved though? shifting all your bills to another card is a bit of a hassle no?

        • endolphin on 09/12/2021 - 13:06

          PayPal is your friend. But also I rarely have direct debits set up. The only one where I have to actually call to change payment card is my home insurance.

          • fredblogs on 09/12/2021 - 13:32

            @endolphin: Ah. But then you need to pay all your bills manually - still a hassle :)

            Agree about paypal, but most of my bills don't allow it.

    • cook99 on 08/12/2021 - 15:28
      +1

      Screenshots and photos of application are your friend.
      If bank is too difficult to deal with to fix, ombudsman is your best friend.

  • rhazz on 08/12/2021 - 13:51

    Thanks for sharing! and your rewards tracking site is amazing! Easy to understand presented clearly! Great work!

  • diarlin on 08/12/2021 - 13:52
    +2

    Looks like no Android pay?

    • slankets on 08/12/2021 - 22:52

      Google Pay. Correct. They use Citi so no Google Pay there for the credit card.

      • arctan on 09/12/2021 - 10:21

        Whats the go between Citibank and Google Pay? They are fighting each other or something?
        I got Coles Mastercard which is managed by Citi and they refuse to work with Google Pay.

        • endolphin on 09/12/2021 - 13:08

          I actually have a Samsung and have added citibank cards to it, BUT, I find it so crap to use compared with google pay that I just turn off NFC altogether and have my citibank card physically inside my phone case.

          So, I no longer really care about Samsung Pay only cards.

    • PerthectDeal on 09/12/2021 - 21:23

      Shame on Citibank - certainly a churn card if there is no Google Pay..

  • Autonomic on 08/12/2021 - 13:56

    What's the rate for their cashback and annual fee credit reward options? Seems like you have to have an account to check.

    • shppngtrlly com au on 08/12/2021 - 14:12
      +1

      I've got the card (from the past deal) so I thought I'd look. Looks like its around $4.098 per 1000 points. So bonus works out to be 130000/1000*4.098 = $532.74, so around $403.74 of profit after the annual fee.

      • nightelves on 08/12/2021 - 14:20

        Do you know if they allow pro-rata on annual fees if you cancel early?

  • nightelves on 08/12/2021 - 13:57
    +3

    Seems Citibank is the provider of the credit card. Anyone know how many cc you can have with Citibank?

    • xiaozaocha on 08/12/2021 - 16:26
      +1

      thanks for the info. would avoid citi system.

    • timhn on 09/12/2021 - 19:10

      I'm currently having 2 Premier cards from Citibank (one from the no-fee-for-life promo and one for Qantas bonus points) and one from Coles (back by Citibank).

  • frogduck on 08/12/2021 - 13:58

    Cool website. Thanks!

  • wondering on 08/12/2021 - 14:06

    Thought I read somewhere Suncorp doesn’t sell giftcards anymore from Jan 2022. Wonder if that will affect redeeming Woolies and Coles giftcards with CC points ?

    • aragornelessar on 08/12/2021 - 15:29

      Is that what their announcement is about??? I got this the other day in an email and was wondering if anyone had the inside scoop

      We’ve been busy behind the scenes working on an exciting new rewards program! Launching in 2022, this new platform will help us reward and improve the experience of eligible customers even more. This means Suncorp Benefits, as you know it, will be switched off to make way for this new program

      • odysseus on 08/12/2021 - 17:03

        I don't think it's that they'll stop selling them. Just they'll change providers, so the mechanism will (and range and pricing may) be different.

      • AbhiC on 08/12/2021 - 19:18

        They are changing the service provider. Apparently in the new one we will have to pay 1% credit card surcharge for gift card purchase. Not sure what changes it will have in terms of discount percentages.

        • aragornelessar on 10/12/2021 - 12:38

          Boo to surcharge.. they already don't let me use my crypto visa card.. I hope they'd make it up with higher discounts though

  • Drakesy on 08/12/2021 - 14:10

    Good to see Suncorp throwing their hat in the ring.
    Finally another alternative now that HSBC and Coles seem to of gone MIA

    • DoctorCalculon on 08/12/2021 - 14:20
      +4

      The ANZ Rewards Black deal you had posted earlier in the year is still the best deal so far (if you can fool their "super computers" into saying yes).
      No annual fee for the first year.
      You can cancel the card within the first year after you have cashed out your reward points ~$700 (IIRC).

  • MrThing on 08/12/2021 - 14:17
    +3

    good deal, $129 for ~53,000 KF miles

    applied

    • nightelves on 08/12/2021 - 14:21

      Yeah especially now that they offer elite status as part of the transfer as well.

      • MrThing on 08/12/2021 - 14:28
        +1

        only until 28th of Feb 2022

        then I guess it'll be back to status quo.

        Singapore airlines is notoriously ungenerous with their KF program, but you are well rewarded for collecting their points. great award availability, a fantastic 2nd to none flying experience and low co-fees/taxes when booking redemption bookings.

        Qantas is the opposite. generous with their QFF program and points validity, terrible award availability for premium cabins and high co-fees/taxes and a pretty average to poor flying experience (old cabins, old planes, grumpy staff). QFF is run like a business, they sell points to banks et al - its no wonder their QFF program if i recall makes more money than their international flight business

        I collect both as QF has emirites, cathay and qatar as partners and they have products on the same playing field as singapore airlines.

        • nightelves on 08/12/2021 - 14:37

          I'm halfway through collecting Gold with them so this would help heaps. Yes their hard product is really good and especially now they're starting to finally offer amenity kits.

          • MrThing on 08/12/2021 - 14:53

            @nightelves: seems like PPS club is where its at but for krisflyer - your points dont expire

            krisflyer gold is kinda like qantas club but slightly better as it allows you access to all star alliance lounges, not just singapore airlines.

            • nightelves on 08/12/2021 - 14:57

              @MrThing: Don't think you can get PPS with this fast track. I may be wrong.

              • MrThing on 08/12/2021 - 14:59

                @nightelves: nar you cant, but just saying, PPS is were you get real benefits like qantas offers its platinum and platinum one members.

                • nightelves on 08/12/2021 - 15:00

                  @MrThing: Yeah I'm happy with Star Alliance Gold as it is the highest that's being offered across the different airlines.

                  • MrThing on 08/12/2021 - 18:12

                    @nightelves: Feels like krisflyer silver is like points club and krisflyer gold is like points club plus in terms of the perks

  • mrhorse on 08/12/2021 - 14:27

    Westpac Platinum: no fee for the 1st year with 130k points (worth $650 statement credit).

    Is this any better than the westpac one?

    • nightelves on 08/12/2021 - 14:38
      +3

      Westpac is better but both wouldn't hurt if you can get approve for it.

      • mrhorse on 08/12/2021 - 14:53

        Thanks for confirming that!

        Just received my 130k pts from westpac, planning to churn..

        • rodb on 08/12/2021 - 20:28

          How can you turn it all into rebate with westpac? I just got mine and looks like you can make one rebate claim a year (max is $250 for 50k points)

          I’m a bit nervous to do it in case it doesn’t go straight to a credit on my account

          • zebargaro on 08/12/2021 - 20:44
            +2

            @rodb: No you can definitely claim more than once a year. I can confirm that I got the points a few weeks ago and converted everything to get $650 credits.

          • timhn on 09/12/2021 - 19:11

            @rodb: You redeem once but can select the quantities > 1.

            • rodb on 10/12/2021 - 17:22

              @timhn: Thanks that did it. Worked up to $650 before submitting the cart.

    • MrThing on 08/12/2021 - 14:50

      dont forget anz black rewards.

      • ilubbargains on 08/12/2021 - 16:46
        +1

        Thanks - the 180K on offer with $0 first year fee seems like the better option

    • ekto on 08/12/2021 - 16:36

      Link?

  • Lost123 on 08/12/2021 - 16:30
    -4

    Hi Ozbargainers,
    Just a heads up. Dont apply to many on credit cards or any pay now buy later feature facilities, as they stay on your credit file for 5years.
    And too many enquiries may impact your credit score and etc.
    Cheers,

    • nightelves on 08/12/2021 - 16:36
      +2

      The credit files does stay on for 5 years that is correct but the fact that it impacts on your credit score is entirely wrong. Your credit score goes up believe it or not as it has happened to me and a few others who are churners in here.

    • wildstone on 08/12/2021 - 16:36

      What is a reasonable amount of credit hit from the financial institution point of view?

    • FeZZa21 on 08/12/2021 - 16:38
      -1

      since new laws couple of years ago, only things like making full repayments before due dates count towards a credit score. I go through half a dozen CCs every 12 months and my credit score hardly moves (around 800). it's no longer about number of cards you have or apply for.

      • dirkgonnadirk on 09/12/2021 - 07:39
        -1

        No, all the things you listed are factors

        • FeZZa21 on 09/12/2021 - 12:37

          I went back and checked my credit score history and it's actually increased from low 700s to now 813. Only thing that I changed was applying for more credit cards lol

    • NigelTufnel on 08/12/2021 - 16:42
      +3

      pay now buy later

      Sounds like a good business model!

    • Donaldhump on 09/12/2021 - 09:50

      I churn cards like anything, pay em all off on time and my credit score hasn’t gone down it’s now 998 out 1000 on credit savvy, so your information is false

  • Kritik on 08/12/2021 - 16:36

    how long before you physically get the card after ordering?

    I got like $2000 of expenses to do next week 🤣

    • scixxor on 08/12/2021 - 23:18

      can take at least 1-4 weeks sometimes

      • bozbargain on 09/12/2021 - 08:50

        Are you talking about Suncorp specifically? Some cards are much quicker, some banks even allow you to use a virtual one before you’ve even received a physical one in the mail (Bankwest from memory).

  • manja on 08/12/2021 - 16:44

    Is this still a VISA card? Isn't citi moved to MasterCard?

  • ModBot on 08/12/2021 - 16:48

    Nice site. A couple of questions:
    1. How does the site store the card history in the long run? Will the history go off if I clear my cache?
    2. What's the plan for future? Are the websites free to use?

    • shppngtrlly com au on 08/12/2021 - 17:47
      1. How does the site store the card history in the long run? Will the history go off if I clear my cache?

      Currently its saved in "local storage" in your browser, so if you clear that, it will go. Basically means it's stored in the browser on that particular computer. I'm working on getting the server up and running so you can store it online.

      1. What's the plan for future? Are the websites free to use?

      Oh definitely free forever. Didn't even occur to me that I could charge for it haha.

  • Ohz on 08/12/2021 - 18:02

    how this one compares to https://www.ozbargain.com.au/node/669143?

  • timhn on 08/12/2021 - 19:15

    You'll get $111 extra profit with one.

  • timhn on 08/12/2021 - 19:20
    +1

    Note, found out that Suncorp credit card is backed by Citibank so no Google Pay.

    • Korban Dallas on 08/12/2021 - 23:58

      Worked for me a few years ago from memory.

      Could be wrong.

  • namyu0 on 08/12/2021 - 20:30

    Do you know if being an additional card holder counts as having had a credit card within 12 months?

    • bozbargain on 09/12/2021 - 08:50

      No, it doesn’t.

  • boom on 09/12/2021 - 07:04

    woolworths and coles tho

  • Ozbargainasaurus on 09/12/2021 - 09:00

    Thanks op

  • n0mad on 09/12/2021 - 09:45
    +1

    does anyone know if Citi still reject apps if you have held other Citi backed cards in the last 6 months? I recall lots of people being rejected for this 1-2 years ago.

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