SunTrust Prime Rewards Review

SunTrust Prime Rewards is a cashback credit card issued by SunTrust Bank. 

This card is designed for people with good credit. The minimum credit score to apply is 700. 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.

Pros & Cons of SunTrust Prime Rewards

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 5.50%. Multiple credit card perks. Cardholders can earn rewards on their purchases. Includes emergency support. Extended warranty protection on purchases. Free access to your credit score. Purchase Protection. Travel Accident Insurance. Travel Assistance. Trip Cancellation Insurance. No foreign transaction fee. Earn rewards on every purchase. SunTrust Prime Rewards reports to multiple credit bureaus.

Low cash back rate No introductory rate for purchases Not available in all states

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

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 13.49% up to 23.49%. The card has a variable balance transfer APR that ranges from 13.49% up to 23.49%. It also has a variable cash advance APR starting at 27.24% .

SunTrust Prime Rewards Balance Transfers

Description
Balance Transfer APR	13.49% - 23.49%
Introductory Rate	5.50%
Intro APR period (months)	36

SunTrust Prime Rewards Rates & Terms

Description
Balance Computation	average daily balance
Purchase APR	13.49% - 23.49%
Credit Limit	N/A
Penalty APR	N/A
Cash Advance APR	Starting at 27.24%
Introductory Rate	N/A
Intro APR period (months)	N/A

What are the SunTrust Prime Rewards fees?

The following fees apply to SunTrust Prime Rewards:

SunTrust Prime Rewards Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	3%
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.