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Suncorp Clear Options Business Credit Card - Unavailable
Highlights
The Suncorp Clear Options Business Credit Card is no longer accepting new applications as Suncorp Bank transitions out of its partnership with NAB. We’ve kept the details available for existing cardholders and those seeking more information. Looking for alternatives? Explore other business credit cards.
- Low annual ongoing fee of $45 p.a., with the option to add up to 99 additional cardholders.
- Earn 1 Suncorp Rewards point for every dollar spent on eligible purchases, up to 80,000 points per card each year.
- Rewards customers can talk to their Personal Business Assistant for help with travel, bookings, shopping, conferences, and more.
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The basics
- Additional cardholders. This card allows up to 99 additional cardholders —more than enough for most small businesses — but there is an annual fee of $45 p.a. per additional cardholder. Points earned from eligible spending by additional cardholders accumulate under the primary cardholder's account.
- Digital wallets. This card can be used with Apple Pay and Samsung Pay, but it doesn't work with Google Pay.
- Gambling transactions. Gambling transactions are prohibited with this card or any other Suncorp credit card.
Rewards and benefits
- Complimentary travel insurance. This card does not come with complimentary international travel insurance coverage, which might be worth considering if your staff frequently travel for business.
- Concierge services. There is no access to a concierge service, which many other business credit cards offer.
- Insurances. This card comes with repayment insurance and fraud protection.
- Rewards points. Earn 1 Suncorp Rewards point per $1 spent on eligible purchases, up to a maximum of 80,000 points per year. ATO payments do not earn points. Suncorp Rewards points can be transferred to Flybuys points, Singapore Airlines KrisFlyer Miles, or Velocity Points, but the conversion is not 1:1.
- Sign up bonus. Suncorp does not offer any sign up bonus for this card. Most business credit cards with rewards do have one.
Rates and fees
- Annual fee. The annual fee for this card is $45 p.a. per year, which is relatively low for a business rewards credit card.
- Balance transfers. This card does not have a balance transfer offer. This is not unusual for a business credit card.
- Cash advances. Suncorp's cash advance rate for the Suncorp Clear Options Business Credit Card is 19.45% p.a. Interest will be charged immediately from the transaction date. Suncorp will charge a one-off fee of 3.50% for any cash advances made with this card.
- Foreign exchange fee. This card charges a 3.40% fee for any transactions made with an overseas merchant or online in a foreign currency. This fee is worth considering if your business needs to pay overseas suppliers or contractors regularly.
- Interest-free period. This card gives you access to up to 55 days interest-free on purchases (except cash advances) when you have paid your previous balance in full or made the minimum required payment.
- Purchases. With no introductory offer, purchases made with this card will attract interest at 18.45% p.a. if not paid in full.
Reviewed by Nilooka Dissanayake
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