SunTrust Prime Rewards

SunTrust Prime Rewards Review

This is a cashback card issued by SunTrust Bank. If you're wondering whether Suntrust Prime Rewards credit card is the right card for you, read on.

Key Takeaways

• Signup bonus. Offers a signup bonus of up to $100 if you spend $500 within 3 months.
• Competitive APRs. SunTrust Prime Rewards has a variable purchase APR that ranges from 12.24% up to 22.24%.
• No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible 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.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, extended warranty protection on purchases, purchase security, travel accident insurance, travel assistance, trip cancellation and interruption protection, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Suntrust Prime Rewards credit card

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. Potentially lower than average purchase APRs. Has an introductory APR rate on balance transfers of 4.25%. No balance transfer fee, if you transfer the balance within 60 days. -->. No annual fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Extended warranty on purchases. Free access to your credit score. Travel accident and travel assistance insurance. Trip Cancellation and Interruption Protection. No foreign transaction fee. Cardholders can earn rewards on purchases everywhere SunTrust Prime Rewards is accepted. SunTrust Prime Rewards reports to multiple credit bureaus.

Low cash back rate No introductory rate for purchases Not available in all states You need good credit to qualify.

Suntrust Prime Rewards credit card FAQ

Does Suntrust Prime Rewards credit card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

Suntrust Prime Rewards credit card 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 credit card benefits?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• 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 credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

SunTrust Prime Rewards has a variable purchase APR that ranges from 12.24% up to 22.24%. The card has a variable balance transfer APR that ranges from 12.24% up to 22.24%. It also has a variable cash advance APR of 25.99% .

What are the fees for Suntrust Prime Rewards credit card?

The following fees apply:

SunTrust Prime Rewards Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	Up to 4%
Minimum Cash Advance Fee ($)	Starting at $10
Foreign Currency Transaction Fee	0%
No Annual Fee?
No Foreign Transaction Fee?
Annual Fee	$0
Minimum Interest Charge	$0.50
No Interest Grace Period for Late Payment	25 days
Returned Payment Fee	Up to $39
Late Fee Amount	Up to $39

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

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

Yes, 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 may help improve your credit.

How to apply for Suntrust Prime Rewards credit card

• Visit the Suntrust Prime Rewards credit card 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 your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.