The Suncorp Platinum credit card is a premium card boasting a raft of features including the choice of earning rewards with either Suncorp Rewards or Qantas Frequent Flyer. It also affords cardholders a 24/7 personal concierge service, and various complimentary insurance policies. For more details on the Suncorp Platinum credit card, read on for a full review of its features.

Frequent Flyer Points

As we’ve already touched on briefly, the Suncorp Platinum credit card comes with a choice of rewards. You can earn points with Suncorp Rewards at the rate of 1 Suncorp Reward point per dollar spent or, alternatively, opt to earn QFF points at the rate of 2 QFF points per $3.

Other Rewards

Cardholders have access to Suncorp Take Flight, a rewards program where cardholders can redeem points for cash back, flights, hotel stays and other select travel products. A host of special offers, exclusive discounts and promotions are available through Visa Entertainment.

Pros

Having the choice of two rewards programs, Suncorp Rewards and Qantas Frequent Flyer, is a degree of flexibility not often found with frequent flyer cards. Apart from earning either Suncorp Rewards or QFF points, the Suncorp Platinum credit card offers free international travel insurance that covers you and your immediate family (assuming they are travelling with you) when you use your card to pay for your tickets. The Suncorp Platinum credit card also covers you for travel accident damages. A purchase protection policy means that goods purchased with your card and lost, stolen or damaged within 90 days of purchase can be repaired or replaced.

The Suncorp Platinum credit card also gives cardholders access to a handy personal concierge service, which means you can have someone else complete tedious and time consuming tasks like booking flights and making a reservation for you at a restaurant.

If you’re looking to switch cards and take your existing balance with you, then you could take advantage of Suncorp’s introductory offer of – for -. Other interest rates such as the 20.49% p.a. purchase rate and 20.74% p.a. cash advance rate are about average for this type of card.

Cons

You probably want to get as many points as possible. Unfortunately the Suncorp Platinum credit card is not the most rewarding card available. A ratio of 1 Rewards point per dollar spent is about average, but the rate of 2 QFF per $3 is much lower than what’s available from other Qantas credit cards like the ANZ Platinum Frequent Flyer credit card or the American Express Qantas Ultimate credit card.

It should also be noted that the $205 p.a. annual fee is on the high side, especially considering that there are other platinum level frequent flyer rewards cards on the market offering a better earn rate for QFF points but with a cheaper annual fee.

The balance transfer feature, as welcome as it is, is nothing to write home about. Other frequent flyer cards offer cheaper rates for longer periods. Anyway, if a balance transfer is important to you, then it would probably be better to worry less about earning points and focus on getting the longest and cheapest offer going.

Lastly, if complimentary insurance matters to you, then you’ll be disappointed with the average coverage available on the Suncorp Platinum credit card, especially when compared with the level of cover offered by NAB which extends to burglary from hotels, etc.

Eligibility

The Suncorp Platinum card is, as you may have guessed from the name, a platinum level card. Therefore, you can expect the criteria for approval to be higher. As usual you’ll need to be at least 18 and a permanent resident or citizen. You’ll also need a taxable income of $40,000 at the bare minimum.

Is This Card Right For You?

If you’re after a pure play frequent flyer card to earn as many QFF points as possible, look elsewhere. If flexibility is important to you, then the Suncorp Platinum has it.