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SunTrust Rewards Credit Card – Rewards with Additional Perks?

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Like many of its peers, Atlanta-based SunTrust offers three Visa options for credit cards to its customers – the Signature Visa with SunTrust rewards, the Platinum Visa with SunTrust Rewards and the Platinum Visa card. While the Platinum Visa is at the lower end of the scale and is perfect for consumers who want a simpler card with minimum frills, the Signature Visa and the Platinum cards with SunTrust Rewards are a step-up from the ordinary reward cards and offer the cardholders a whole lot of benefits. The SunTrust Rewards Credit Card, thus, has two versions – the Signature Visa and the Platinum cards.

The benefits of the SunTrust Rewards Credit Card

Issued by the SunTrust Banks Inc. which is the largest subsidiary of the Atlanta–based SunTrust Bank, the both versions of the SunTrust Rewards Credit Card are Visa cards and have strong reward programs. The SunTrust Visa Signature with SunTrust Rewards credit card is a solid entry in the rewards category and presents cardholders with the opportunity to earn unlimited rewards under the SunTrust Rewards program. Cardholders are eligible for earning 2x SunPoints on applicable drug store, grocery and gas purchases, and 1x point for every $1 spent on all other suitable purchases. The amount of points that cardholders can earn on this rewards program is unlimited, allowing them to accumulate points and redeem them whenever they want. They can then redeem these accumulated points for a plethora of goods and services such as electronics, air miles, home accessories, sporting goods, cash-back bonuses, gift cards and much more. Apart from gas and groceries, this card also allows cardholders access to shopping and travel benefits. Cardholders can earn 1x SunPoints for every $1 that they spend on any applicableshopping and travel spending that they do with the SunTrust Visa Signature with SunTrust Rewards credit card. Cardholders can also accumulate bonus SunPoints for shopping through BonusBuyswith their retail partnerswhich includethe best, crowd–favorite brands. Furthermore, cardholders can earn an additional 1x SunPoints for every $4 worth of purchases that they make with the check card if they have a SunTrust checking account and check card. The card even allows cardholders to combine their credit card and check card points, enabling them to build up rewards points at a quicker rate.

The SunTrust Visa Signature with SunTrust Rewards credit card has additional Visa perks for its cardholders which they can access at their fingertips. These include 24/7 U.S.–based convenience and security customer services, travel accident insurance covering the cardholders and their families against injuries and accidental death up to $250,000 and travel assistance and concierge services. Other perks include luxury resorts and hotels perks such as breakfast options, early/late check-ins and check-outs and upgrades, zero liability benefits for unsanctionedcharges, extended warranty feature doubling the manufacturer’s or store’s warranty and purchase assurances too. The SunTrust Visa Signature with SunTrust Rewards credit card also comes with an Introductory APR of 0% for all balance transfers for the first 12 months of the cardholder having opened the account. Last, but not the least, the cardis a no-fee credit card.

Coming to the SunTrust Platinum Visa with SunTrust Rewards credit card, the rewards program is the same as the SunTrust Visa Signature. Cardholders are eligible for earning 2x SunPoints on applicable and suitable drug store, grocery and gas purchases, and 1x point for every $1 spent on all other qualifying purchases. They can then redeem these accumulated points for a plethora of goods and services such as once-in-a-lifetime experiences, fashion goods, electronics, air miles, home accessories, sporting goods, cash-back bonuses, gift cards and much more. Cardholders are also eligible for bonus SunPoints through the BonusBuys and additional SunPoints for travel and shopping for every $4 worth of purchases through their check card. Cardholders can earn unlimited points with this version of the SunTrust Rewards credit card, and are eligible for a whole lot of benefits such as travel accident insurance, MasterAssist Travel Assistance benefits, Purchase Assurance guarantee, price protection and extended warranty (for items bought with the card), MasterRental (covering for damages for rental vehicles) and availing perks at hotels. The card also comes with worldwide Visa perks and recognition, such as extended personal concierge services to help with everything and anything, right from restaurant reservations to travel support. Moroever, the Verified by Visaamenitythat comes exclusively with a Visa credit card provides an added measure of security when cardholders shop online.

The SunTrust Platinum Visa with SunTrust Rewards credit card also has no annual fees. The card also has an Introductory PAR of 0% on balance transfers and purchases for the first 6 months of the cardholder having opened his/her account. After that, a variable and reasonable APR is applicable. The card is also interest – free for the first 6 months of card membership, allowing cardholders to focus on earning and accumulating more reward SunPoints.

The not–so–good aspects of the card

Although the SunTrust Rewards Credit Card has its pros, it has some downsides too. The purchase interest rate on this card stands at 15.99%, which is a tad too high compared to its peers. The card also doesn’t have any sign–up bonuses unlike its other no–annual fee peers such as BankAmericard Cash Rewards Credit Card, the Chase Freedom Credit Card and the American Express Blue Cash Everyday Card which have quite generous sign–up offers. Customers can see the details at http://www.nerdwallet.com/gas-credit-cards.There are also very few additional perks that come with the rewards program. Moroever, in order for cardholders to boost their reward earnings rate, they must have a checking account with SunTrust bank, which might be a deterrent in its rewards offerings. This means that in order to take advantage of the combined rewards of the check card and credit card, customers must necessarily have a checking account, which they might or might not want.

However, the SunTrust Rewards Credit Card on the whole does not disappoint, and it does come with a good introductory APR and rewards program. Customers can learn more about the card at http://www.cardoffers.com/SunTrustPlatinumVisawithSunTrustRewards/and http://www.cardoffers.com/SunTrustVisaSignaturewithSunTrustRewards/.

 

 

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