On this planet of journey bank cards, the SunTrust Journey Rewards Credit score Card is a comparatively buttoned-down, easy possibility.
With an annual payment of $zero the primary yr, then $89, it packs solely a modest sign-up bonus: $250 Assertion Credit score after you spend $three,000 on qualifying purchases within the first three months after account opening. Its facet advantages, whereas helpful, don’t precisely scream “Take a look at me!” Besides, it would woo you with its robust core worth — specifically, with its sturdy ongoing rewards on journey and eating and beneficiant loyalty money bonuses for qualifying prospects.
Earlier than pouncing on this supply, right here’s what it’s worthwhile to know.
1. It affords loads of redemption choices
The SunTrust Journey Rewards Credit score Card markets its rewards as money again, promising:
three% money again on qualifying journey purchases.
2% money again on qualifying eating purchases.
1% money again on all different purchases.
However redeeming for money again isn’t your solely play right here. You can even redeem for:
Present playing cards.
Redemption values fluctuate. For instance, $1 of rewards might get you as a lot as $1.15 value of journey. However in case you maintain some huge cash with SunTrust, redeeming for money again may be your finest guess. That’s as a result of while you meet sure necessities and deposit money again rewards in a qualifying SunTrust account, you might earn loyalty bonuses of as much as 50%, relying in your mixed balances. Doubtlessly, that might get you as much as $1.50 in money for each $1 in rewards earned. (Extra on that later.)
The rewards on this card are pretty beneficiant general. There are not any limits on what number of bonus rewards you’ll be able to earn on this card, and you can begin redeeming with as little as $5 value of money again. Perks and bonuses apart, you’d should spend at the least $2,967 on this card after the primary yr to earn sufficient money again to make up for the annual payment — a straightforward hurdle for frequent vacationers.
2. You’ll be able to apply as a nonmember — with some restrictions
Don’t financial institution with SunTrust? You continue to can apply for the SunTrust Journey Rewards Credit score Card in case you reside in:
If you already have a banking relationship with SunTrust, these geographic restrictions don’t apply. Members can apply for this card from any state, except Vermont, the issuer confirms. After all, making use of doesn’t essentially imply you’ll be authorized. Approval relies on your credit score, eligibility components and different necessities.
three. The cardboard affords a credit score for World Entry or TSA Precheck functions
The SunTrust Journey Rewards Credit score Card might assist you to transfer by the airport safety line quicker.
That’s as a result of it affords a reimbursement credit score for World Entry or TSA Precheck functions for as much as $100, which is obtainable each 5 years. (World Entry or TSA Precheck memberships additionally final 5 years every.) To get the credit score, it’s worthwhile to cost the appliance payment ($100 for World Entry and $85 for TSA Precheck) to your card.
four. It doesn’t cost international transaction charges
Like all good journey playing cards, the SunTrust Journey Rewards Credit score Card doesn’t cost international transaction charges, these pesky costs some playing cards tack on to worldwide purchases. That makes it an excellent card to tackle journeys overseas.
5. SunTrust prospects might qualify for bonus money
When you have got the SunTrust Journey Rewards Credit score Card, it pays to be a loyal buyer. In case your checking account balances meet sure thresholds, you may qualify for big loyalty bonuses, boosting your efficient rewards charge when redeeming for money again. You’ll get a:
10% loyalty money bonus if you redeem by direct deposit into any SunTrust checking, financial savings or cash market account. (For instance, say you had a SunTrust checking account and certified for the 10% bonus. While you deposit $100 of rewards right into a qualifying account, you’d get an additional $10 enhance for a complete of $110 in rewards.)
25% loyalty money bonus in case you have a SunTrust Benefit Checking, Signature Checking or Unique Checking account and have mixed shopper deposits and funding balances totaling between $25,000 and $100,000.
50% loyalty money bonus in case you have a SunTrust Benefit Checking, Signature Checking or Unique Checking account and have mixed shopper deposits and funding balances totaling greater than $100,000.
If you happen to maintain giant balances with SunTrust, these loyalty bonuses could possibly be a game-changer, doubtlessly serving to you earn much more in rewards than you may on different bank cards with comparable annual charges.