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SunTrust Cash Rewards Credit Card

Credit needed
Good
APR
11.24%-21.24%
Annual Fee
$0

Card Summary

SunTrust Cash Reward Credit Card offers rewards cardholders cashback and other benefits. You will receive a SunTrust World Mastercard benefit and a monthly FICO score.

SunTrust Cash Rewards Credit Card charges an annual $0 fee and there are no foreign transaction fees.

The account offers an 0% APR for purchases and balance transfers within the first 15 month.

Based on creditworthiness, thereafter, you will pay an APR of 11.24%-21.24%.

Card Summary - Cons

Rates and fees

Issuer Name
SunTrust Bank
Penalty APR
None
Credit Needed
Good
Balance Transfer Fee
The transfer amount must be $10, or 3%, depending on which is higher.
Annual Fee
$0
Cash Advance Fee
You can choose to pay $10 or 4% on each cash advance amount, depending on which is higher.
APR
11.24%-21.24%
Foreign Transaction Fee
None
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SunTrust Bank

The Best Features

Welcome 5% Cash Back: Account holders can get 5% cashback on eligible grocery and gas purchases up to $6,000 within the first twelve months of opening an account. All other eligible purchases are eligible for 1% cashback. Gas and grocery purchases will earn you 2% cashback after that.

Annual Fee: SunTrust Cash Reward Credit Card charges $0 annually and has no foreign transaction fees.

Exclusive bonus for SunTrust customers: Clients who have a relationship with SunTrust can receive 10%, 25%, or 50% cashback when they deposit rewards into SunTrust banking accounts.

Flexible rewards options: SunTrust Cash Rewards Credit Card provides hundreds of cash redemption options, including gift cards and cash back.

SunTrust World Mastercard Cardholder Benefits:

SunTrust World Mastercard cardholders have access to SunTrust World Mastercard benefits.

This includes purchase assurance, travel assistance, global travel insurance, luggage delay insurance, trip interruption insurance and phone protection.

Rewards

Sign up bonus

APR Requirements

Drawbacks

SunTrust will charge a late payment fee of up to $39. Earning 5% cashback is limited to the first $6,000 of qualifying gas or grocery purchases in the first twelve months. All other purchases and gas earn 1% cashback.

Balance transfer fee: The balance transfer fee for this card is 3% or $10 depending on the transfer amount.

Highlights

Get 5% cash back on qualifying gas or grocery purchases within the first twelve months. After your initial bonus cashback, get 2% unlimited cash back on gas or grocery purchases. All other eligible purchases qualify for a 1% unlimited cash back.

There is no annual charge. No foreign transaction fees.You can get a loyalty cash bonus of either 10%, 25%, or 50% depending on how you deposit with SunTrust. This is when your cash returns directly to a SunTrust Savings, Checking or Money Market account.You have hundreds of options for redeeming your points, such as cashback, e-gift certificates, and travel.

SunTrust Cash Reward Credit Card Benefits

SunTrust World Mastercard Cardholders get SunTrust Cash Rewards Credit Card benefits.

Baggage delay insurance
Protection for your cell phone
Access to your FICO Score free of charge
Master RoadAssist is a roadside assistance service
MasterAssist offers travel assistance services
Buy assurance Travel services medical assistance
Trip interruption or cancellation insurance
Worldwide automatic travel accident insurance
No liability insurance.

Benefits

Comparative Analysis with Other Cards

SunTrust Cash Rewards credit card vs. American Express Blue Cash Everyday card

Annual Fee: The SunTrust Cash Rewards credit card has an $0 annual fee, while the Blue Cash Everyday American Express card has an $0 annual fee.

Rewards: SunTrust Cash Rewards Credit Card provides a 5% cashback on first 12-months gas and grocery purchase up to $6,000 and then 2% unlimited cashback for gasoline and grocery purchases following the initial period. All other eligible purchases earn the card a 1% unlimited cashback reward.

American Express Blue Cash Everyday Card offers 3% cashback at U.S. supermarkets for purchases above $6,000 per year (then, 1%). U.S. gasoline stations will give you 2% cashback and selected U.S. department store stores will give you 1%. You can get unlimited cashback of 1% on all other purchases with this card.

Sign-up bonus: No sign up bonus for the SunTrust Cash Reward Credit Card. After you have spent $2,000 on purchases with your American Express Blue Cash Everyday Card, $200 will be added to your statement.

Benefits: SunTrust Cash Rewards Credit Card provides access to an unlimited monthly FICO credit score and 24-hour customer support. It also offers travel assistance, phone protection, baggage delay insurance, as well as free mobile protection. American Express Blue Cash Everyday Card offers insurance for car rentals, including damage and loss. It also provides a hotline to help you worldwide.

SunTrust Cash Reward Credit Card Vs. Bank of America Cash Rewards credit cards

Annual Fee: The SunTrust Cash Reward Credit Card charges $0 annually, while the Bank of America Customized Rewards Cash Rewards credit card costs $0.

Rewards: SunTrust Cash Rewards Credit card holders will earn 5% cashback on gas or grocery purchases up to $6,000 within 12 months. Cardholders can earn unlimited 2% cashback on gas and grocery purchases, and an additional 1% cash back for all qualifying purchases after the initial period.

Bank of America Customized cash Rewards credit card gives you 3% cashback in any category, such as gas, online shopping and dining, and 2% cashback at grocery stores or wholesale clubs. You can earn 3% or 2% cashback on purchases up to $2,500 each quarter in combination choice category, grocery stores and wholesale clubs (the rest is 1%). All other purchases will earn you 1% cashback.

Sign-up bonus: No sign-up bonus for the SunTrust Cash Rewards Credit Card After cardholders open an account, they receive a $200 bonus cash reward bonus. This is after you have made at least $1,000 of purchases within the first 90-days.

Benefits: SunTrust Cash rewards Credit Card provides access to an FICO credit score and World Mastercard benefits. It also offers 24-hour customer support and purchase guarantee.

Bank of America Customized Cash Reward credit card provides a free zero liability guarantee for fraudulent purchases, monthly FICO credit score access and a zero liability guarantee for fraud.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

SunTrust Bank