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SunTrust Travel Rewards Credit Card

Credit needed
Good
APR
11.24%-21.24%
Annual Fee
$89 (first year: 0)

Card Summary

SunTrust Travel Rewards Credit Card offers flexible rewards for travel. You can earn unlimited 3% cashback on travel and dining, as well as 2% cashback on other purchases.

This card allows you to earn $250 in statement credits if you make $3,000 of qualifying purchases within the first 3 months.

Balance transfer fees are subject to a 15% introductory rate. The APR will increase to 11.24%-21.24% depending on creditworthiness.

This card offers perks such as no foreign transaction fees or World Elite Mastercard benefits.

It is a great option for those who are looking to get cash back on travel purchases.

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
$89 (first year: 0)
Cash Advance Fee
The amount paid for each advance is either $10 or 4%, depending on which one you choose.
APR
11.24%-21.24%
Foreign Transaction Fee
None
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SunTrust Bank

The Best Features

Unlimited travel cashback: The SunTrust Travel Rewards credit card offers unlimited cash back for travel purchases.

Travel benefits: SunTrust Travel Rewards Credit Card does not charge foreign transaction fees.

It also comes with World Elite Mastercard benefits such as baggage delay insurance (cellular phone protection), concierge service, TSA Precheck credit and Lounge Key access to airport lounges.

Price protection and trip interruption insurance are available.

Sign up bonus: Spend $3,000 in qualifying purchases within the first 3 months of account opening and you will receive a $250 statement credit.

Balance transfer at zero percent: For 15 months, there is an introductory APR of 0% on balance transfers. After that, there will be a variable APR between 11.24% and 21.24% depending on creditworthiness.

Cash deposit bonuses up to 50%: You can redeem cash rewards for SunTrust checking or savings accounts. This will give you a cash bonus of between 10% and 50% depending on how long you have been a SunTrust customer.

Drawbacks:

Annual Fee: $89 (first year, zero).

Rewards

Sign up bonus

APR Requirements

Drawbacks

Highlights

$25 Statement Credit when you make qualifying purchases within the first 3 months of account opening. Travel qualifying purchases eligible for a 3% unlimited cash back. Get 2% Cashback on all qualifying dining purchases. All other eligible purchases qualify for a 1% unlimited cash back.

As reimbursement for the Global Entry and TSA Precheck application fees, you can receive a statement credit of up to $100 every five years. No foreign transaction fees. Cash in even more. You can get a loyalty cash bonus of up to half off based upon your SunTrust deposit history.

When you withdraw your cash directly into SunTrust Savings, Checking or Money Market accounts, your money will be credited back as a SunTrust checking, savings, and money market account.

SunTrust Travel Rewards Credit Cards Benefits:

SunTrust Travel Rewards Credit Card includes World Elite Mastercard benefits. These benefits include access to luxurious travel amenities and a 24-hour concierge. These benefits include:Baggage delay insurance.

Protection for your cell phone. Concierge service. Warranty coverage extended. Credit for Global Entry and TSA Precheck Fee. Lounge Key airport lounge access Master Road Assist is a roadside assistance service. Master Assist offers travel assistance services Mastercard global service.

Protect your Mastercard from identity theft Mastercard Travel & Lifestyle Services MasterRental coverage MasterTrip travel assistance.

Protection of the price Buy assurance Travel services medical assistance. Trip interruption or cancellation insurance. Worldwide travel accident insurance. No liability insurance.

Benefits

Comparative Analysis with Other Cards

SunTrust Travel Rewards credit card vs. Capital One venture Rewards credit card

Annual Fee: $89 for the SunTrust Travel Rewards credit card. The first year is free. Annual fee for Capital One Venture Rewards Credit Card: $95.

Reward: SunTrust Travel Rewards Credit Card offers 3% cashback on purchases made abroad, 2% cashback on purchases at restaurants and 1% cashback on purchases of all sorts. Capital One Venture Rewards Credit card earns 2 Miles for each dollar spent on any purchase.

Sign up bonus: The SunTrust Travel Rewards credit card offers a $250 statement credit for purchases of $3,000 or more within the first 3 months. Capital One Venture Rewards Credit Card: Earn 60,000 Bonus Miles if you spend $3,000 within three months of account opening. This is equivalent to $600 for travel.

Benefits: SunTrust Travel Rewards credit card benefits include price protection and cellphone protection. Concierge service is also available. Trip cancellation or interruption insurance can be purchased. Auto rental insurance as well as worldwide auto accident insurance will be offered.

Benefits of the Capital One Venture Rewards credit card include 24-hour emergency travel assistance, an auto rental collision waiver, travel insurance, and extended warranty coverage.

SunTrust Travel Rewards credit card vs. Chase Sapphire preferred card

Annual Fee: $89 for the SunTrust Travel Rewards credit card. The first year is free. Annual fee for the Chase Sapphire Preferred Card is $95.

Reward: The cards both offer dining and travel as bonuses. SunTrust Travel Rewards Credit Card gives you 3% cashback on your travel purchase and 2% cashback on dining purchases. Other purchases receive 1% cashback. Chase Sapphire Preferred Card gives you five Lyft points per $1 (valid until March 2022), three Lyft points per Dollar for dining out at restaurants, two Lyft points per $travel and one point for all purchases.

Sign up bonus: The SunTrust Travel Rewards credit card offers a $250 statement credit for purchases of $3,000 or more within the first 3 months. After you have spent $4,000 in qualifying purchases within the first three months of account opening, your Chase Sapphire Preferred Card will earn you 60,000 bonus points. Chase Ultimate Rewards will give you $750.

Benefits: SunTrust Travel Rewards Credit Card Cardholders get access to World Elite Mastercard Benefits, such as price protection, cellphone coverage, concierge service and trip cancellation or interruption insurance. They also have worldwide auto rental insurance.

Chase Sapphire Preferred Cards offer trip cancellation and interruption insurance as well as an auto rental collision waiver and baggage damage waiver. Trip delay reimbursement is available, and one-to-1 point transfers with selected airline and hotel partners are also offered.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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SunTrust Bank