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SunTrust Prime Rewards Credit Card

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

Card Summary

SunTrust Prime Rewards Credit card is a balance transfer credit card offering rewards to cardholders. This card allows you to transfer your balances without fees within the first 60-days.

Balance transfers after 60 days are charged a minimum $10 fee and 3% for each transfer. For the first three years balance transfers are subject to a prime rate APR. After that, an APR of 11.24%-21.24% based on creditworthiness will apply.

When you make $500 purchases within the first 3 months, you will receive an unlimited 1% cashback and $100 credit to your statement. Annual fees are $0, and benefits include unlimited FICO score access, free auto rental insurance coverage and purchase assurance.

The Best Features:

3.5% introductory rate for three years: Many balance transfer credit cards have an introductory APR period of between 12 and 15 months.

Balance transfer period for the SunTrust Prime Rewards Credit Card is three years. The SunTrust Prime Rewards Credit Card's balance transfer introductory rate is not at 0% as most other introductory rates. Based on creditworthiness, after the initial period the APR will increase to 11.24%-21.24%.

Sign up bonus: In exchange for $500 worth of purchases made on your card during the first three months, you will receive a $100 statement credit from SunTrust Prime Rewards Credit Cards.

Annual Fee: SunTrust Prime Rewards Credit Card charges an annual fee $0.

Drawbacks:

There are no bonus cash-back categories.
The SunTrust Prime Reward Credit Card earns you 1% cashback on every purchase.
No other reward cards give cash back that is higher than 2% for grocery or gas purchases.

Card Summary - Cons

Rates and fees

Issuer Name
SunTrust Bank
Penalty APR
None
Credit Needed
Excellent
Balance Transfer Fee
All balances not transferred within 60 calendar days after account opening. Then $10.00, or 3%, depending on the greater amount.
Annual Fee
$0
Cash Advance Fee
The cash advance amount must be equal to $10, or 4%, depending on which is higher.
APR
11.24%-21.24%
Foreign Transaction Fee
None
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Here’s a smart way to pay off

SunTrust Bank

The Best Features

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

Prime Rate 3 Year introductory Offer. All qualifying purchases eligible for a 1% unlimited cash back. After you have spent $500 on eligible purchases within the first three months of account opening, $100 will be added to your statement credit.

There is no annual charge. No foreign transaction fees. Cash in even more. You can redeem the cash you have earned back into your SunTrust Savings, SunTrust Money Market or Checking account to receive a loyalty bonus of either 10% or 25%.

You have hundreds of options for redeeming your points, such as cashback, e-gift certificates, and travel.

SunTrust Prime Rewards Credit Cards Benefits

The SunTrust Prime Rewards credit card gives you access to various consumer protection and travel benefits.

Baggage delay insurance.
Protection for your cell phone.
Access to your FICO Score free of charge.
Master RoadAssist is a roadside assistance.
ServiceMasterAssist offers travel assistance.
ServicesMasterRental coverage. 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 Prime Rewards credit card vs. American Express Blue Cash Preferred Card

Annual Fee: SunTrust Prime Rewards Credit Card charges an annual fee $0. American Express Blue Cash Preferred Card has an annual fee of $0 for the initial year. Then, it will cost $95 annual fee.

Reward: All purchases are eligible for unlimited 1% cashback with the SunTrust Prime Rewards credit card. The Blue Cash Preferred card from American Express will give you 6% cashback on purchases up to $6,000 each year in U.S. supermarkets (then at 1%), 6% cashback on selected U.S. streaming subscriptions and 3% cashback at U.S. gasoline stations. You can also get 1% cashback on all other purchases (including taxis and ride-sharing service, parking, and buses)

Sign-up offer: Enjoy a $250 Welcome Offer: Spend $500 on SunTrust Prime Rewards Credit Card purchases within the first 3 months to earn $100 in statement credit.
After you have spent $3,000 on the new Blue Cash Preferred Card, American Express will give you $300 in statement credit

Benefits: SunTrust Prime Rewards Credit Card Benefits: You will receive benefits such as auto rental insurance and roadside assistance. Benefits of the American Express Blue Cash Preferred Card include car rental damage and insurance as well as fraud protection and a hotline for assistance.

SunTrust Prime Rewards Credit card vs. Citi double Cash Card - 18 Month BT Offer

Annual Fee: The SunTrust Prime Rewards credit card has an $0 annual fee, while the Citi Double Cash Card – 18-month BT offer does not have any annual fees.

Reward: All purchases are eligible for the SunTrust Prime Rewards credit card which earns you 1% Citi Double Cash Card – 18 Month BT Offer: Earn 1% for purchases, and 1% when you pay.

Sign up offer: Spend $500 on SunTrust Prime Rewards credit card purchases within the first 3 months to earn $100 in statement credit Citi Double Cash Card – 18 Month BT Offer does not provide a sign up bonus.

Benefits: SunTrust Prime Rewards Credit Card offers travel and consumer protection benefits, including automobile rental insurance, cell phone protection and assistance services for travelers. Citi Double Cash Card – 18 Month BT Offer's Benefits include access to special event tickets and identity theft support.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

SunTrust Bank