Suntrust Prime Rewards Credit Card Review 2022: Is This the Right Card for You?

Do you have a high-interest credit card that’s been weighing you down? Suntrust Prime Rewards Credit Card o

ffers the ability to transfer a balance and access a low APR for three years. That means you can save money on your monthly payments and finally get ahead of your debt.

Plus, there are no annual fees or foreign transaction fees, so you can use your card wherever you go without worrying about extra charges. And you can earn 1% unlimited cash back on all qualifying purchases and a $100 statement credit spending $500 on qualifying purchases in the first 3 months after account opening.

So, is a Suntrust Prime Rewards Credit Card worth it? Let’s take a closer look at the features and benefits to find out.


Highlights of the Suntrust Prime Rewards Credit Card

  • 0% intro APR on balance transfers and purchases for the first 36 months
  • No annual fee
  • No foreign transaction fees
  • Earn unlimited cash back:
  • Earns cash back on every purchase, with no limit to how much you can earn

Suntrust_Prime Rewards Credit Card
Suntrust_Prime Rewards Credit Card

Benefits of the Suntrust Prime Rewards Credit Card

Here are some of the benefits that come with the Suntrust Prime Rewards Credit Card:

Unlimited rewards

The SunTrust Prime Rewards Credit Card is a great choice for anyone looking to earn unlimited cash back on their purchases. 1% cash back is awarded on all qualifying purchases, and there is no limit to the amount you can earn.

In addition, the card offers a welcome bonus of $100 statement credit after spending $500 on qualifying purchases in the first 3 months after account opening.

This makes it easy to earn some extra cashback on your everyday spending.

No Annual Fees

The Suntrust Prime Rewards Credit Card has no annual fee, so you can keep more of your hard-earned cash in your pocket.

This is a great feature for anyone who wants to use their credit card without having to worry about paying an annual fee.

No Foreign Transaction Fees

Another great benefit of the Suntrust Prime Rewards Credit Card is that there are no foreign transaction fees.

This means you can use your card anywhere in the world without having to pay extra fees.

This is a great feature for anyone who travels frequently or makes purchases from online retailers that ship internationally.

Balance transfers with uncommonly lengthy introductory APRs.

The SunTrust Prime Rewards Card is a good choice for individuals seeking to consolidate debt from high-interest cards because it offers an introductory APR on balance transfers that are lower than the Prime Rate.

In addition, there is no balance transfer fee if the transfer is made within the first 60 days after opening the account. This card also offers cash back rewards on everyday purchases.

The rewards can be redeemed for travel, gift cards, or cash back as a statement credit. There are no foreign transaction fees, and the annual fee is $0.

Overall, the SunTrust Prime Rewards Card is a good choice for individuals who have good to excellent credit and who want to consolidate debt or earn cash back rewards.

One-time bonus Offer

The SunTrust Prime Rewards credit card comes with a $100 statement credit bonus for spending just $500 within the first three months of opening an account. That’s an easy $100 back in your pocket—all you need to do is spend $16.67 per month.

Cell Phone Protection

Up to $1,000 in cell phone protection against theft or damage per year is offered by SunTrust for customers who pay their cell phone bills with the SunTrust Prime Rewards Credit Card.

There are several great benefits to this type of protection.

  • First, it can save you a significant amount of money if your cell phone is lost or stolen.
  • Second, it can provide peace of mind in knowing that you are protected if something happens to your device.
  • Finally, it can help you avoid the hassle and expense of having to replace your cell phone.

If you are looking for a credit card that offers great benefits and protections, the SunTrust Prime Rewards Credit Card is an excellent choice.

No balance transfer fee

One of the great things about the Suntrust Prime Rewards Credit Card is that there’s no balance transfer fee. So if you have a balance on another card, you can move it over to this card without having to pay a fee.

And you have up to 60 days after opening your account to do the transfer. After that initial period, the fee is 3% of the transferred balance or $10, whichever amount is greater.

But either way, it’s a great way to save on interest and pay down your debt faster.


Disadvantages of the Suntrust Prime Rewards Credit Card

The SunTrust Prime Rewards Credit Card does have a few disadvantages. Here are a few things to consider before you apply for this card.

It’s not available in all states.

The Suntrust Prime Rewards Credit Card isn’t available in all U.S. states. If you’re not a SunTrust account holder, as of February 2020, you can only apply for this card from 11 states and Washington D.C.

The 11 states, as of February 2021, are Alabama, Arkansas, Florida, Georgia, Maryland Mississippi North Carolina South Carolina Tennessee Virginia West Virginia.

If you are a SunTrust account holder, you can apply for this card from any state in the U.S., except Vermont. The SunTrust Prime Rewards Credit Card has some great advantages, but if you don’t live in one of the states where it’s available, you’ll have to look for another rewards credit card.

Low Rewards Rate

The Suntrust Prime Rewards Credit Card is not the best choice for those looking to maximize their rewards. cardholders earn 1% cash back on qualifying purchases, which is a low rate compared to other cards on the market.

In addition, the rewards are only redeemable for statement credits, which means that cardholders cannot use their rewards to book travel or make other purchases.

As a result, the Suntrust Prime Rewards Credit Card is best suited for those who are looking for a simple cash back card with no annual fee.


What are the SunTrust prime rewards credit card credit limit?

There are no set credit limits with the SunTrust Prime Rewards Credit Card. However, your credit limit will be based on your creditworthiness and spending habits.

If you have good to excellent credit, you may be able to qualify for a higher credit limit.

And if you use your credit card responsibly and make your payments on time, you may be able to increase your credit limit over time.

What are Suntrust prime rewards credit card approval odds?

That will depend on several factors, including your credit score, income, and employment history.

If you have good to excellent credit, you may have a better chance of being approved for this card.

How to Apply for the SunTrust Prime Rewards Credit Card

This card is no longer available to new applicants. This page’s information may be outdated. Please verify your cardholder agreement for current product features and conditions.


What are Suntrust prime rewards credit card Alternatives?

If you are looking for a rewards credit card, there are many other cards to consider.

Here are a few alternatives to the Suntrust Prime Rewards Credit Card:

#1. Citi® Double Cash Card

Although the SunTrust Prime Rewards Card offers a longer period at a prime rate, the Citi Double Cash card is a clear winner between these two cards based on its higher cash back percentage reward.

For those not interested in transferring a balance, the Citi Double Cash card is the best choice. It offers 2% cash back on all purchases—1% when the purchase is made and 1% when the purchase is paid off.

The card also has a 0% intro APR on balance transfers for 18 months with a standard variable APR of 14.74%-24.74%.

There is an intro balance transfer fee of either $5 or 3%, whichever is greater, completed within the first 4 months of account opening, which then becomes 5%.

In comparison, the SunTrust Prime Rewards Card only offers 1% cash back rewards on all net retail purchases. Although it does offer three years at a prime rate with no balance transfer fee, for those not looking to transfer a balance, the Citi Double Cash card is a better choice.

#2. Chase Freedom Flex

For those looking for alternatives to the Suntrust Prime Rewards credit card, the Chase Freedom Flex is a good option that will work for many people.

One of the main benefits of this card is that it doesn’t charge an annual fee.

Additionally, it earns solid rewards and offers a 0% intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.74% – 24.49%.

Cardholders can earn 5% cash back on up to $1,500 in categories that rotate quarterly (requires activation), 5% on travel purchased through Chase Ultimate Rewards®, 3% on dining and drugstores, and 1% on all other purchases.

As a result, the Chase Freedom Flex is a viable alternative for those looking for a new credit card.


Bottomline

The SunTrust Prime Rewards Credit Card offers a balance transfer at a slightly higher rate than some other cards on the market—but with a much longer period of time to pay it off.

For cardholders who are diligent about making their payments on time and in full, this could be a great opportunity to get a handle on their debt.

However, the higher interest rate means that this card might not be the best choice for everyone.

Anyone considering applying for this card should do the math to make sure they’re making the right choice for their unique circumstances.

Do you have experience with the SunTrust Prime Rewards Credit Card?

If so, please share your thoughts in the comments below.

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