SunTrust Prime Rewards Review

SunTrust Prime Rewards is a cashback credit card issued by SunTrust Bank. If you're wondering whether SunTrust Prime Rewards is the right card for you, read on. This is everything you need to know to make a good choice.

• Earn 1% cash back on everyday purchases.
• Signup bonus. Offers a signup bonus of $100 if you spend $500 within 3 months.
• Competitive APRs. SunTrust Prime Rewards has a variable purchase APR that ranges from 12.99% up to 22.99%.
• No annual fee. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• $0 Balance transfer fee. This card does not charge a fee on balance transfers, if you transfer the balance within 60 days of opening the account. After the introductory period, the fee is 3%.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as emergency support, extended warranty protection on purchases, purchase protection, travel accident insurance, travel assistance, trip cancellation insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

The Good

The Bad

Unlimited cash back rewards No annual fee or foreign transaction fee Very low introductory APR for balance transfers Get a Loyalty Cash Bonus of 10%, 25% or 50% based on your deposit relationship with SunTrust, when you redeem your cash back directly into a SunTrust Checking, Savings or Money Market account. Lower than average purchase APRs. No annual fee. Has an introductory APR rate on balance transfers of 5%. No balance transfer fee, if you transfer the balance within 60 days. After the intro period, the fee is 3% with a minimum of $10. Multiple credit card perks. No foreign transaction fee. Earn rewards on every purchase. SunTrust Prime Rewards reports to multiple credit bureaus. Cardholders can earn rewards on their purchases. Extended warranty on purchases. Free access to your credit score. Travel accident and travel assistance insurance. Trip cancellation insurance.

Low cash back rate No introductory rate for purchases Not available in all states Requires good to excellent credit.

Is there a SunTrust Prime Rewards cash back or rewards program?

SunTrust Prime Rewards is a cashback card. This means you earn a percentage of your purchase as a cash reward.

SunTrust Prime Rewards Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$100
Signup Bonus Spend Requirement	$500
Signup Bonus Spend Period (months)	3 months

What are the SunTrust Prime Rewards benefits?

SunTrust Prime Rewards provides the following benefits:

• Free Credit Score
• Emergency Support
• Extended Warranty Protection
• Trip Cancellation Insurance
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for SunTrust Prime Rewards?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. SunTrust Prime Rewards has lower than average purchase APRs.

SunTrust Prime Rewards has a variable purchase APR that ranges from 12.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 12.99% up to 22.99%. It also has a variable cash advance APR starting at 26.74% .

What are the SunTrust Prime Rewards fees?

The following fees apply to SunTrust Prime Rewards:

SunTrust Prime Rewards Fees

Fees	Amount
Annual Fee	up to $0
Foreign Transaction Fee	0%
Balance Transfer Fee	0%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

Does SunTrust Prime Rewards report your account activity to credit bureaus?

SunTrust Prime Rewards reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for SunTrust Prime Rewards

• Visit the SunTrust Prime Rewards website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.