topic SunTrust launches 3 rewards cards in Credit Cards

SunTrust launches 3 rewards cards

printosaur — Mon, 23 Nov 2015 15:00:28 GMT

SunTrust announced a 5-2-1 cash back card plus a travel card and balance transfer card. This is their press release.

Nov 17, 2015

ATLANTA (Nov. 18, 2015) – SunTrust Banks, Inc. (NYSE: STI) introduced a new suite of credit cards with enhanced rewards and cash bonuses for clients. The new SunTrust Cash Rewards, SunTrust Travel Rewards, and SunTrust Prime Rewards credit cards also help clients build financial confidence with features like free access to FICO® Scores.

“Using a SunTrust rewards credit card is an excellent way to maximize your spending power by earning more perks on everyday purchases,” said Mark Ford, head of Bankcard for SunTrust. “Our new cards were especially designed to provide clients who have deposit relationships with SunTrust an opportunity to maximize those rewards and reach their goals even faster.”

The new card suite consists of:

SunTrust Cash Rewards card: 5 percent cash back on gas and grocery qualifying purchases made during the first year (up to $6,000 spent); unlimited 2 percent cash back on gas and grocery qualifying purchases (after the first year or first $6,000 spent, whichever comes first) and 1 percent on all other qualifying purchases.
SunTrust Travel Rewards card: 5 percent cash back on eligible travel qualifying purchases including airfare, hotels and car rentals in first year (up to $6,000 spent); unlimited 3 percent cash back on travel (after the first year or first $6,000 spent, whichever comes first); 1 percent cash back on all other qualifying purchases; and up to $100 statement credit for TSA Precheck or Global Entry application fees every five years.
SunTrust Prime Rewards card: unlimited 1 percent cash back; Prime rate for three years on balance transfers in first 60 days of account opening; no annual fee.

All of the new SunTrust cards offer a cash-back bonus when rewards are redeemed into a SunTrust deposit account – either 10 percent, 25 percent, or more, depending on the client’s deposit relationship with SunTrust.

Another feature of the cards is chip technology which provides greater international acceptance and additional security against fraud. All SunTrust consumer primary credit cardholders have free access to FICO® Scores, updated monthly and available through online access.

“Credit cards also make it easier to track one’s spending,” said Ford. “Using the SunTrust mobile app, clients can check their transaction history to protect against fraud and ensure their spending stays on track.”

Re: SunTrust launches 3 rewards cards

thelethargicage — Mon, 23 Nov 2015 15:36:25 GMT

@printosaur wrote:
SunTrust announced a 5-2-1 cash back card plus a travel card and balance transfer card. This is their press release.

Nov 17, 2015
ATLANTA (Nov. 18, 2015) – SunTrust Banks, Inc. (NYSE: STI) introduced a new suite of credit cards with enhanced rewards and cash bonuses for clients. The new SunTrust Cash Rewards, SunTrust Travel Rewards, and SunTrust Prime Rewards credit cards also help clients build financial confidence with features like free access to FICO® Scores.
“Using a SunTrust rewards credit card is an excellent way to maximize your spending power by earning more perks on everyday purchases,” said Mark Ford, head of Bankcard for SunTrust. “Our new cards were especially designed to provide clients who have deposit relationships with SunTrust an opportunity to maximize those rewards and reach their goals even faster.”
The new card suite consists of:
SunTrust Cash Rewards card: 5 percent cash back on gas and grocery qualifying purchases made during the first year (up to $6,000 spent); unlimited 2 percent cash back on gas and grocery qualifying purchases (after the first year or first $6,000 spent, whichever comes first) and 1 percent on all other qualifying purchases.
SunTrust Travel Rewards card: 5 percent cash back on eligible travel qualifying purchases including airfare, hotels and car rentals in first year (up to $6,000 spent); unlimited 3 percent cash back on travel (after the first year or first $6,000 spent, whichever comes first); 1 percent cash back on all other qualifying purchases; and up to $100 statement credit for TSA Precheck or Global Entry application fees every five years.
SunTrust Prime Rewards card: unlimited 1 percent cash back; Prime rate for three years on balance transfers in first 60 days of account opening; no annual fee.
All of the new SunTrust cards offer a cash-back bonus when rewards are redeemed into a SunTrust deposit account – either 10 percent, 25 percent, or more, depending on the client’s deposit relationship with SunTrust.
Another feature of the cards is chip technology which provides greater international acceptance and additional security against fraud. All SunTrust consumer primary credit cardholders have free access to FICO® Scores, updated monthly and available through online access.
“Credit cards also make it easier to track one’s spending,” said Ford. “Using the SunTrust mobile app, clients can check their transaction history to protect against fraud and ensure their spending stays on track.”

Ripping a page off the Wells Fargo playbook, eh? Gee, that's clever...

Re: SunTrust launches 3 rewards cards

Anonymous — Mon, 23 Nov 2015 15:42:59 GMT

@thelethargicage wrote:
Ripping a page off the Wells Fargo playbook, eh? Gee, that's clever...

Well at least the travel card has Global Entry credit! Plus after the first year rewards go down but at least not to just 1%; you still get 2% or 3% depending on the card. That actually makes the travel card pretty good...assuming no AF it'd be in the running for best % cash back on travel, and the no cap is nice too.

Re: SunTrust launches 3 rewards cards

woodyman100 — Mon, 23 Nov 2015 19:29:33 GMT

I'll be watching this one🤔

Re: SunTrust launches 3 rewards cards

galahad15 — Mon, 23 Nov 2015 23:40:16 GMT

The SunTrust Travel card looks very nice but has an AF I think I'll stick with my AF-free Cap1 NHM Ultra MC and BoA Travel Rewards VISA Siggy cards for now...just not a fan at all of AF cards, regardless of the level of rewards available from them...

ETA: the SunTrust Prime Rate card also looks interesting, although the go-to APR range of being as high as up to 21.24% V makes it prolly most likely a no-go for me as well

Re: SunTrust launches 3 rewards cards

FutureBillionaire — Tue, 24 Nov 2015 02:49:49 GMT

You can get the annual fee waived if you are a Suntrust Advantage member...which I am. I'll be picking this up.

Re: SunTrust launches 3 rewards cards

rlx01 — Tue, 24 Nov 2015 08:45:35 GMT

Zzzzzzz

Re: SunTrust launches 3 rewards cards

CreditUnionFan — Tue, 24 Nov 2015 12:02:38 GMT

I left some money in SunTrust earlier this year, so I received an email about these new card offers.

The travel card is interesting; I'm not sure if I will hop out of the garden for it yet. I should request my credit report disclosures to see which report(s) they've been SPing.

Re: SunTrust launches 3 rewards cards

Anonymous — Tue, 24 Nov 2015 15:30:18 GMT

Thought it was all a pretty good deal somewhat... 5% on gas and groceries ONLY in your first year you will receive, then drops down to 2%. Hmm, no thanks. I will personally stick with AMEX Blue Cash. I guess it could be good if you use it for the bonus redemption methods they offer their customers...

Re: SunTrust launches 3 rewards cards

Anonymous — Tue, 24 Nov 2015 16:48:16 GMT

@Anonymous wrote:
Thought it was all a pretty good deal somewhat... 5% on gas and groceries ONLY in your first year you will receive, then drops down to 2%. Hmm, no thanks. I will personally stick with AMEX Blue Cash. I guess it could be good if you use it for the bonus redemption methods they offer their customers...

Yes, that card doesn't seem attractive, especially since the $6K is gas and groceries combined, whereas BCP is unlimited gas

Re: SunTrust launches 3 rewards cards

FutureBillionaire — Fri, 25 Dec 2015 16:56:08 GMT

Picked this card up. It'll be useful for travel purchases if I don't already hav ea card that matches. It's also going ot be great to get the fee waived for Global Entry. Since I don't have an annual fee, I'm happy to have this in my wallet.

Re: SunTrust launches 3 rewards cards

Anonymous — Fri, 25 Dec 2015 17:20:41 GMT

is it fair to assume that whenever a bank issues/markets a new reward card that they want to be SERIOUSLY FLEXIBLE when they issue this card even with smaller SL or really get more people to sign on for their credit card. Someone intending on an APP SPREE who is wanting their maybe first rewards card would be enticed by this offer.

anyone know which bureau they use. I have a Car loan through SunTrust and they used TU exclusively. My last inquiry was from them in June/July 2015 for auto loan. Would anyone think with a 669 TU score i can be approved for their card. I mean after all they dont make money by being very selective, i would assume worse they can or will do is start with a real small SL but still issue a card. I guess thats better than trying AMEX everyday CASH or BOA rewards or anything similar in rewards card.

I m from Texas and i believe suntrust is OHIO and neighboring states so am assuming aggressive marketing not all over the United states but pretty much in their own territory states.

all this i bring up only becoz i m desperately in need of a Credit Card with BT which i would prefer over lending club/promise financial personal loans.

Chase/CITI/Barclays/AMEX r not good for me. Bof A, WellsFargo and SunTrust might work. I've been having to HOLD MYSELF tight FOR NOT APPING since my last inquiry from June/July 2015. Its so HARDDDDDDDDDD to hold yourself back from APPING.

Re: SunTrust launches 3 rewards cards

NRB525 — Fri, 25 Dec 2015 17:45:19 GMT

@Anonymous wrote:
@Anonymous wrote:
Thought it was all a pretty good deal somewhat... 5% on gas and groceries ONLY in your first year you will receive, then drops down to 2%. Hmm, no thanks. I will personally stick with AMEX Blue Cash. I guess it could be good if you use it for the bonus redemption methods they offer their customers...
Yes, that card doesn't seem attractive, especially since the $6K is gas and groceries combined, whereas BCP is unlimited gas

Well, AMEX is fine, except for those of us whose primary grocery and gas spend does not code on AMEX as grocery or gas rewards. Something like 40% of the grocery market share in the US is held by grocers who do not code as grocery on AMEX. This includes WalMart at 24.5%, Costco at 7.6% and parts of Kroger, say 8% out of their 12.9%. The alternative, if you want grocery or gas rewards, is to pay more for the actual goods and gas, which some of us are loathe to do.

With only limited category spend for Freedom, and likely Discover, in 2016, this 5% is a lot better than Wells Fargo, which is only during the first 90 days.

The follow on 2% on a no AF card is not terrible either, so I think they may get good uptake on this offer. And speaking of AF, how about that AF on the BCP? What is, that, $75?

Re: SunTrust launches 3 rewards cards

Anonymous — Fri, 25 Dec 2015 18:06:55 GMT

travel one looks nice. any geo limits on these?

Re: SunTrust launches 3 rewards cards

FutureBillionaire — Sun, 27 Dec 2015 20:14:22 GMT

I applied for it from the West Coast. I previously have had an account with Suntrust, though.

Re: SunTrust launches 3 rewards cards

Anonymous — Sun, 07 Feb 2016 04:23:23 GMT

The 3 year prime rate bt offer is kinda unique. I also think their travel card looks decent too.

Why aren't we hearing more about these?

https://www.suntrust.com/personal-banking/credit-cards

Re: SunTrust launches 3 rewards cards

CreditUnionFan — Mon, 08 Feb 2016 14:03:33 GMT

@Anonymous wrote:
is it fair to assume that whenever a bank issues/markets a new reward card that they want to be SERIOUSLY FLEXIBLE when they issue this card even with smaller SL or really get more people to sign on for their credit card. Someone intending on an APP SPREE who is wanting their maybe first rewards card would be enticed by this offer.

anyone know which bureau they use. I have a Car loan through SunTrust and they used TU exclusively. My last inquiry was from them in June/July 2015 for auto loan. Would anyone think with a 669 TU score i can be approved for their card. I mean after all they dont make money by being very selective, i would assume worse they can or will do is start with a real small SL but still issue a card. I guess thats better than trying AMEX everyday CASH or BOA rewards or anything similar in rewards card.

I m from Texas and i believe suntrust is OHIO and neighboring states so am assuming aggressive marketing not all over the United states but pretty much in their own territory states.

all this i bring up only becoz i m desperately in need of a Credit Card with BT which i would prefer over lending club/promise financial personal loans.
Chase/CITI/Barclays/AMEX r not good for me. Bof A, WellsFargo and SunTrust might work. I've been having to HOLD MYSELF tight FOR NOT APPING since my last inquiry from June/July 2015. Its so HARDDDDDDDDDD to hold yourself back from APPING.

I opened a SunTrust checking account while visiting an area with physical branches knowing that SunTrust has been marketing some products, like auto loans, outside of their traditional area. One example is LightStream, a division of Suntrust bank, that offers automobile financing. I earned my bonus and waited for solicitations to occur...

I received several emails about the card that offers the gas and groceries incentive rewards. After a few emails I applied. Suntrust instantly approved $8700, using EQ. So far I'm happy with their card.