Consumers looking for a card that has promotional offers can add the SunTrust Travel Rewards Credit Card to their list of options. This SunTrust card gives a $250 statement credit to new cardholders.
However, interested parties are reminded that this bonus is applicable only after they spend $3,000 on eligible purchases within three months after the card issuance. This means that only new retail purchases made during the first three billing cycles. Qualified transactions do not include balances transfers, convenience checks, payments for stored value cards, cash advances and other similar transactions.
Aside from the introductory bonus, the bank also offers various perks to customers including cash back opportunities for qualifying transactions. Cardholders can get 3% unlimited cash backs on travel, 2% on dining and 1% all other eligible purchases.
Customers also get up to $100 statement credit every 5 years.
SunTrust offers a $0 annual fee for the first year. However, the cardholder will be required to pay $89 for the proceeding years.
Meanwhile, cardholders need to take note of rates and charges pertinent to their account. The bank offers a variable annual percentage rate (APR) of 13.49% to 23.49% for purchases. It also gives a variable APR for balance transfers ranging from 13.49% to 23.49%. The rates will be assigned based on the applicant’s creditworthiness.
The bank can waive interest on purchases when the customer pays their entire balance by the due date. Nevertheless, a late payment penalty fee of up to $39 applies.
Cash advances and overdraft advances will be charges 27.24% APR, variable depending on the Prime Rate.
People who want to avail the SunTrust Travel Rewards Credit Card will need to follow the application process found at the bank’s website. Keep in mind that the bank applies the USA Patriot Act that requires it to gather and evaluate details related to applicants’ identity and residence.
Candidates may also be required to provide credit, financial and employment information. This information will be used to determine the limit, annual interest rate and other similar details pertinent to the account