The SunTrust Cash Rewards Credit Card offers the opportunity to earn accelerated rewards.
SunTrust Cash Rewards loyalty bonuses should make this credit card a prime object of desire for SunTrust customers. Meanwhile, the average rewards rate has limited or no integration with the best cash back cards and therefore does not accumulate properly.
But the most attractive thing about this card is the possibility to earn rewards through direct bank deposit bonuses of up to 50%! That’s right, the Credit Card can yield bonuses of 10%, 25% and up to 50% if you have an eligible SunTrust Bank account.
However, you need significant balances to qualify for rewards like these. So it’s for these other reasons that to get a SunTrust Credit Card you need to have good or excellent credit and a relevant investment bank account with SunTrust Bank.
SUNTRUST CASH REWARDS
EARN CASH REWARDS ON EVERY PURCHASe NO ANNUAL FEEKnow more about the advantages of SunTrust Cash Rewards Credit Card
- Although it’s not a very long promotion, it has an introductory interest rate of 0% APR on purchases and transfers for 12 months, which is a very good term to redeem your balance in interest.
- This bank also offers higher rewards for higher total balances, read on to learn more about this.
- Also get an extra 10% cash back when you redeem your direct deposit rewards into SunTrust Check, Savings or Money Market accounts.
- Although we are talking about temporary fees, hardly any other card will be able to offer perks like these or pay the $300 in cash-back that the Credit Card rewards you when you spend up to the maximum amount.
Here is a step-by-step guide on what you must do to earn points and rewards
The Credit Card will start giving you 2% cash back on eligible gas and grocery purchases and 1% cash back on all other spending after the first-year offer expires. But if you are already a SunTrust Bank customer the scenario is much more favorable, where you can receive 10%, 25% or even 50% above the prime rate:
To receive an additional 10%, you must deposit your money back as direct deposit. This can be in a SunTrust checking, savings or even money market account.
To receive 25%, you must have a SunTrust Advantage Checking, Signature Advantage Checking or Exclusive Checking account and to be eligible you must have a combined bank and investment account balance between $25,000 and $10,000. Now to get the 50% margin is only possible if you have a SunTrust Advantage Checking, Signature Advantage Checking, or Exclusive Checking account and your investment balance must be more than $100,000.
Card Application Requirements
- Age: You must be at least 18 years old.
- Residency: Applicants should be U.S. citizens or legal residents.
- Credit History: A good credit score is typically required for approval.
- Income: Demonstrable income to support credit card payments.
- Application Information: Provide accurate personal and financial details during the application process.
How to Apply for the SunTrust Cash Rewards Credit Card
Visit the Official Website: Go to the SunTrust website and navigate to the page for the Cash Rewards Credit Card.
Review Card Details: Carefully read through the features, benefits, and terms of the SunTrust Credit Card to ensure it fits your needs.
Gather Required Information: Collect necessary information such as personal details, income information, and other relevant data.
Initiate the Application: Click on the “Apply Now” button to start the application process.
Complete the Application Form: Fill out the application form with accurate and up-to-date information. Double-check for any errors before submission.
Submit Supporting Documents: If required, submit any additional documents to support your application.
Review and Confirm: Review your application details and confirm that all information is accurate.
Wait for Approval: After submission, await a decision on your credit card application. This may take a short period.
Receive Your Card: Upon approval, your SunTrust Cash Rewards Credit Card will be mailed to the address provided during the application process.
SunTrust Cash Rewards Credit Card FAQs
What rewards does the SunTrust Cash Credit Card offer?
The card provides cash back on eligible purchases, with bonus categories that may include groceries, gas, and more.
Is there an annual fee for the SunTrust Cash Credit Card?
Check the terms and conditions, as the presence and amount of an annual fee may vary.
Can I manage my card account online?
Yes, SunTrust offers online account management, allowing you to check balances, make payments, and monitor transactions.
What is the APR for the SunTrust Cash Rewards Credit Card?
The Annual Percentage Rate (APR) varies and is dependent on factors such as creditworthiness. Refer to the card terms for specific details.
How can I contact customer support for the SunTrust Cash Rewards Credit Card?
Customer service contact information is typically provided on the official SunTrust website and on the back of the credit card.
Editorial Note: Changes in the SunTrust Cash Rewards and Introduction of Truist Enjoy Cash: The SunTrust Cash Rewards credit card has been discontinued for new applications. Current holders can still enjoy its benefits. Meanwhile, the new Truist Enjoy Cash card has been introduced, offering contemporary features and advantages for new applicants seeking a rewarding credit card experience.
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