Our verdict

Offers 40,000 bonus Qantas Points and international travel insurance, with an annual fee and Qantas rewards fee that add up to $178 per year.

The Qantas Suncorp Clear Options Platinum Credit Card is suited to people who want frequent flyer points for their everyday spending and access to complimentary travel insurance. Its current bonus Qantas Points offer would give you enough points for a return economy class flight from Sydney to Auckland (36,000 points plus fees and taxes), or $150 worth of Bunnings digital gift cards (36,600 points for one $100 gift card and one $50 gift card), as an example.

This card also offers complimentary insurance covers – including comprehensive international travel insurance – and a personal concierge service that can save you time on bookings, personal shopping and more. Unlike some frequent flyer cards, it doesn’t offer airport lounge passes or additional points for Qantas spending. So, if travel is one of your goals, make sure you factor that in when you're weighing up the annual fee and comparing other cards.

Pros

40,000 bonus Qantas Points
0.5 Qantas Points per $1 on eligible spending
Complimentary international travel insurance

Cons

$49 yearly fee for choosing to earn Qantas Points
Points per $1 are capped at $8,000 per statement period
3.4% foreign transaction fee

The Qantas Suncorp Clear Options Platinum Credit Card earns 0.5 Qantas Points per $1 on eligible spending up to $8,000 per statement period. Right now, it also offers 40,000 bonus Qantas Points when you apply and spend $4,500 on eligible purchases in the first 3 months from approval. While there is a $49 yearly fee for opting to earn Qantas Points – as well as a $129 annual fee for the card – the earn rate is competitive with other cards that have similar annual fees.

Details

Product details

Product Name	Qantas Suncorp Clear Options Platinum Credit Card
Balance transfer rate p.a.	0% for 12 months, then 21.99%
Balance transfer limit	80% of available limit
Purchase rate p.a.	Purchase rate p.a. 20.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Max credit limit	$100,000
Card type	Visa

Eligibility

Available to temporary residents	No
Minimum income	$35,000
Joint application	No

Rewards

Rewards program	Qantas Frequent Flyer
Bonus points	40,000
Rewards points per $ spent	0.5
Rewards points cap	8,000

Fees

Annual fee	Annual fee $178
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$30
Foreign currency conversion fee	Foreign currency conversion fee 3.4%
Cash advance fee	3.5% or $3.50, whichever is greater
Overseas cash advance fee	1.5% of the transaction amount (after conversion to Australian dollars)
Additional cardholder fee	$0
Number of additional cardholders	4

How to apply

You can apply for the Qantas Suncorp Clear Options Platinum Credit Card online in around 10-15 minutes. Before you get started, make sure you meet the eligibility requirements and have all the relevant documents and details on hand.

Eligibility criteria

Minimum income. You must earn at least $35,000 per year to apply for this card.
Residency. You must be an Australian citizen or permanent resident.

Qantas Frequent Flyer. You must be a member of the Qantas Frequent Flyer program and include your membership details on the application to earn Qantas Points and be eligible for the bonus points offer.
Age. You must be at least 18 years old to apply.
Credit rating. You need to have a good credit rating to apply for this card. You can check your comprehensive credit report and score for free through Finder.

Required documents

Personal information. This includes your full name, date of birth, nationality, marital status, residential address, email address and contact number. You also need a valid form of ID, such as your driver's licence number.
Employment details. You need to provide details of your employment status, salary and your employer's contact details. If you're self-employed, you need to provide your accountant's contact details. You may also need to provide recent payslips to verify these details.
Financial details. This includes any other income you receive, such as government payments or pension payments. You also need to share details of any assets (such as savings or shares), debts and loans, as well as estimates of your ongoing expenses.
Balance transfer details. If you want to transfer a balance from another financial institution, you need to provide details of the debt, including the amount you want to transfer, the account name and number, and the financial institution's BSB.

Card benefits

40,000 bonus Qantas Points. This card offers 40,000 bonus Qantas Points when you apply, provide your frequent flyer membership details and spend $4,500 on eligible purchases within the first 3 months from approval. Eligible purchases cover most everyday spending, with exclusions including cash advances, BPAY payments and government-related charges. There is a $49 yearly fee for opting to earn Qantas Points with this card. The bonus Qantas Points will be credited to your Qantas Frequent Flyer account within 8 weeks of meeting the spend criteria.
Qantas Points per $1. You'll earn 0.5 Qantas Points per $1 on eligible spending up to $8,000 per statement period. This means you can earn up to 4,000 Qantas Points in a statement period, or around 48,000 points per year, depending on your eligible spending.

Balance transfer offer. Take advantage of 0% p.a. interest for the first 12 months on balance transfers (with no balance transfer fee). At the end of the introductory period, any unpaid balance will be charged at the variable cash advance rate, currently 21.99% p.a.
Complimentary insurance. The Qantas Suncorp Clear Options Platinum Credit Card gives you access to complimentary international travel insurance for you and your eligible spouse or dependents travelling with you. It also offers complimentary domestic travel insurance, purchase protection insurance and extended warranty cover.
Concierge service. This card offers a complimentary, 24/7 concierge service that can help you with travel itineraries, personal shopping, events, hotel reservations, restaurant bookings and more
Mobile wallets. You can link your account to Apple Pay and Samsung Pay and use your eligible device to make contactless payments.

Rates & fees

Annual fee. The Qantas Suncorp Clear Options Platinum Credit Card has a $129 annual fee. There is also a $49 yearly fee when you choose the Qantas Points option.
Purchase rate. This card has a variable interest rate of 20.99% p.a. for purchases, which is at the higher end of the scale.

Interest-free days on purchases. You can get up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement. Interest-free days do not apply when you carry a balance transfer debt.
International transaction fee. This card charges a 3.4% fee of each transaction made overseas or online with a retailer that's based overseas.
Cash advance rate. Cash advances, such as ATM withdrawals, attract a 21.99% p.a. interest rate.
Cash advance fee. Cash advances in Australia attract a fee worth 3.5% of the transaction amount, with a minimum cost of $3.50. Overseas, a fee worth 1.5% of the transaction amount (after conversion to Australian dollars) will apply.

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Amy Finder

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Don

May 19, 2024

Is there a maximum age limit to qualify for the complimentary travel insurance?

Sarah Megginson Finder

May 20, 2024

Hi Don, I read the PDS and the only reference to age eligibility was as follows:

WHAT WE COVER:

If, during the period of cover available for your journey, your relative who is resident in Australia and who is aged under 80 years at the time you become eligible for cover, dies unexpectedly or is hospitalised due to a serious illness, injury or sickness diagnosed while you are on your journey, we will reimburse the reasonable additional cost of your early return to your home.

Hope this helps!

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Kam

January 10, 2024

I cannot find anywhere that tells you how often you can get a card and be elligible; usually they state as long as you havent had a card in the past 12 months etc. Ive checked all the terms and conditions and its nowhere.

Amy Bradney-George Finder

January 15, 2024

Hi Kam,

While some credit cards offers include specific requirements for new customers, not all of them do. In the case of the Suncorp Clear Options Platinum Credit Card with Qantas Points bonus points offer that’s currently available, the terms and conditions do not mention new customers. If you have further questions about the offer and eligibility, you may want to contact Suncorp on 13 11 55. I hope this helps.

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Juan

October 08, 2023

Hey, we applied for this credit card some weeks ago considering it was offering 70,000 miles as entry bonus, would you be able to confirm when they changed the bonus offer to 40,000? Also, could you confirm that the previous bonus offer only required the user to spend $3,000 Aud in the first three months?

Regards

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Amy Bradney-George Finder

October 20, 2023

Hi Juan,

Please be aware that Finder is an independent review site and not directly affiliated with Suncorp Bank. But our credit card database shows that this offer changed on 4 October and the previous spend requirement was $3,000. If you want to check whether you qualified or have other questions, you can contact Suncorp directly. I hope this helps.

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Qantas Suncorp Clear Options Platinum Credit Card

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