If you have an eligible Suncorp credit card, you'll earn Suncorp Rewards points per $1 spent on eligible transactions. This covers most of your everyday spending, including when you buy groceries, fill the car with petrol, book a holiday, dine out and pay for most healthcare appointments.
Transactions that don't earn points usually have a financial aspect to them. With Suncorp Rewards, this includes cash advances, balance transfers, BPAY payments, business operation costs (unless it's a business card) and government-related transactions.
| Credit card | Earn rate |
|---|---|
| Suncorp Clear Options Gold | 1 point per $1 on eligible spending up to $1,500 per statement period, then 0.5 points per $1 spent for the rest of the statement period |
| Suncorp Clear Options Platinum | 1.25 points per $1 on eligible spending |
| Suncorp Clear Options Business Note: Rewards are optional and have a $20 annual rewards fee per card | 1 point per $1 on eligible spending, up to 80,000 points per card per year |
If you have a Suncorp Clear Options Platinum Card or a Suncorp Clear Options Business Card, you can choose to get Qantas Points instead of Suncorp Rewards points. Here are the key details:
Rewards are how you get value from the points that you earn. In general, the more points you have, the bigger the rewards.
The Suncorp Rewards program gives you a lot of ways to redeem your points, with the following key categories:
If you have a Suncorp Platinum or Business account, you can transfer points to your Velocity, KrisFlyer or Flybuys account.
The transfer rates may vary depending on your Suncorp Rewards account. But, as a guide, the Suncorp Rewards website has listed the following exchange rates for people who are not logged in to their rewards account:
To give you an idea of the potential value of a point transfer, transferring 12,400 Suncorp Rewards points to Velocity Frequent Flyer would give you enough for a one-way economy flight from Sydney to Melbourne (from 6,200 Velocity Points, not including fees and taxes).
You can use Finder's points-to-dollars calculator to get an estimate of how much Suncorp Rewards points are worth.
Keep in mind that each reward is worth a different amount in dollars and some rewards don't have a clear dollar value. This is typical for most rewards programs.
To give you an idea of the different values offered by rewards, here are some examples based on details publicly listed on the Suncorp Rewards website.
| Points needed | Reward | Reward value in dollars | Value per 1,000 points | Good for: |
|---|---|---|---|---|
| 10,500 | $50 endota spa digital gift card | $50 | $4.76 | Pamper session |
| 18,200 | $100 donation to the Australian Red Cross | $100 | $5.49 | Giving back |
| 41,700 | Flight Centre $200 digital gift card | $200 | $4.79 | Holiday bookings |
| 438,700 | 256GB 11-inch Apple iPad Pro with Wi-Fi connectivity | $1,579 (RRP) | $3.59 | Back to school or work |
From these examples, the charity donation offers the best value at $5.49 per 1,000 points redeemed, while the iPad Pro offers the lowest value per 1,000 points at $3.41.
If there are other rewards you want to get, or if the values shown are different when you log in, you can use Finder's guide to calculating the values of reward points for any redemption.
Always choose rewards that you want or need, so you can at least save some cash. If there's nothing you want, keep saving points until you have enough for a reward you do want.
If you're planning to travel in the future, keep point transfers in mind as frequent flyer programs typically offer the most value per point when they are redeemed for flights.
You can redeem your Suncorp Rewards points online in 3 steps:
If you have questions or want to talk through the rewards available, call Suncorp on 13 11 55.
For some people, the value of rewards can help offset credit card costs like the annual fee. But for others, the rewards won't be worth it.
So, here are the key factors you should look at to decide if Suncorp Rewards (or any other program) is right for you.
Suncorp Rewards has a Points Plus Pay option for some rewards. When it's available, you can use a combination of points and Australian dollars to redeem your reward. For the portion that you pay for in cash, you can choose to use your credit card or a debit card.
It depends on the loyalty program that you transfer your points to, but once your points have been transferred, they are subject to the rules of that loyalty program. So check the terms and conditions for that program to see if and when they would expire.
No. The account you're transferring points into must be in the same name as your Suncorp Rewards account.
You can go to the website and use the search function to find what you need, at Banking Frequently Asked Questions (FAQs) | Suncorp Bank or call Suncorp on 13 11 55.
You can check your points balance and account details by logging in at www.suncorpbankrewards.com.au. Once you're signed in, go to "Home", then "My Account", then select the "Points Balance" option.
This will display details about your transactions for the current month, including when you earned points or if you redeemed them. It also has options for viewing transactions and balances for previous months.
This Suncorp credit card lets you choose to earn Qantas Points for a $49 yearly fee, and offers complimentary international travel insurance. So is it worth it?
A platinum card with 140,000 bonus Suncorp Credit Card Rewards Points and complimentary insurance covers.
Find out about the different types of complimentary travel insurance you'll get with a Suncorp Clear Options Platinum Card and what's offered on other cards.
With additional cardholders, interest-free days on purchases and a choice of rewards, will this Suncorp credit card fit with your business goals?
The Suncorp Bank Clear Options Standard Card offers a 0% introductory balance transfer offer, along with a low ongoing purchase interest rate and annual fee. Check out its other features here.
This is one of only a handful of gold credit cards on the market in Australia, and it also offers rewards. Check out its other features here.
Does this apply to Suncorp clear options plus visa cards ?
Hi Donna,
Thanks for your question.
No this doesn’t apply to the Suncorp Clear Options Visa.
Cheers,
Shirley
Please advise what is the conversion rate of reward points to Qantas Frequent Flyer points
Hi Rod,
According to the Qantas Frequent Flyer points page: The Suncorp
Suncorp Clear Options Platinum Credit Card with Suncorp Qantas Frequent Flyer earn 1:1 dollars to Qantas Frequent Flyer points;
‘the NAB Qantas Gold Card Points earn is tiered based on total eligible monthly spend on the card account+
$0-$3,000:
– 2 points per $2 spent on American Express® Card
– 2 points per $3 spent on MasterCard® Card
$3,001-$10,000:
– 1 point per $2 spent on American Express® Card
– 1 point per $3 spent on MasterCard® Card
Above $10,000, no further points earned’
Hope this helps.
Cheers,
Jacob