Suncorp Gold Card Review
This is a very credit card for a new customer who needs a credit card with a rewards scheme but objects to paying a very high annual fee.
Rewards
Customers with a Suncorp Gold credit card could choose to collect Qantas Frequent Flyer points as they spend. The rate is two frequent flyer points per $3 spent. Points are uncapped and never expire, which many customers will find useful.
Suncorp Gold credit card holders have complimentary access to the Suncorp Rewards program, which again has uncapped points with no expiry date. Customers will earn one rewards point per dollar spent, which is a far better rate of point collection than with the frequent flyer program attached to this card. Those points can be used to purchase fantastic vouchers, gift certificates and merchandise. Additionally, customers could take their rewards in the form of a cash back benefit, which could be far more useful to customers on lower budgets or who wish to buy something that is not available on the rewards program.
This card has many advantages. Credit limits are generous considering the low cost of the card and there is a 55 day interest free period. The interest rate on this card is low for a rewards program product, and the 1.9% p.a. is very attractive. The card comes with free purchase cover insurance for lost, stolen or damaged goods, as well as international travel insurance for the card holder and their immediate family.
Additionally, the card is protected by FraudShield, and customers can add up to four additional card holders, making this an ideal, cheap family card. Those additional cards all earn points for the account too, helping to build up as many points as possible. For the security-conscious, the card comes with 24 hour customer service and emergency card replacement too, providing better peace of mind.
Is This the Card For Me?
If you are looking for a card with a good rewards scheme and a balance transfer feature, then this is definitely a card worth taking a long hard look at. It is particularly attractive for families who may wish their eligible children to use the card so that their spending can be easily tracked.
Eligibility
Applicants should be 18 years or older and any additional card holders must be at least 16 years old. Only permanent residents or citizens of Australia, with an income of $35,000 or more, should apply.
Summary
The Suncorp Gold card is relatively affordable credit card with plenty of opportunities to build up points and redeem them on a wide range of products or even get cash back. It is ideal for busy families, perhaps with teenagers, who need multiple cards and are looking to keep costs such as annual fees and interest rates as low as possible.