Suntrust Card

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Dcyphrz
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Suntrust Card

Postby Dcyphrz » Sat Jan 09, 2016 3:27 pm

Kind of an interesting pitch for this one, or at least I've never heard it before. 3 years at the prevailing prime rate for balance transfers. Beyond that and the $100 promo, it looks like a typical 1% card. Thoughts?
https://www.suntrust.com/personal-banki ... me-rewards
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Vattené
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Re: Suntrust Card

Postby Vattené » Sat Jan 09, 2016 4:14 pm

I wouldn't have any use for a plain 1% card, but the long BT rate is the real selling point. It is interesting, but best for people that have a lot of credit card debt that will take them a long time to get under control (longer than say 15 months on a Slate for no BT fee or even 21 months on a Diamond Preferred).
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Dcyphrz
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Re: Suntrust Card

Postby Dcyphrz » Sat Jan 09, 2016 4:40 pm

Vattené wrote:I wouldn't have any use for a plain 1% card...

Me either really. I still throw a charge on 1% cards here and there just for the account activity. We'll probably be using a new currency by the time the dollar amounts are high enough to be withdrawn but it's better than nothing.
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CarefulBuilder14
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Re: Suntrust Card

Postby CarefulBuilder14 » Sat Jan 09, 2016 11:59 pm

Assuming someone gets a good CL (to accommodate a large BT) and doesn't want to jump to a different BT card after 15 or 21 months, it looks like an excellent offer.

Interest rates will probably rise over the next 36 months, and the terms available on new BT cards may deteriorate.
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kdm31091
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Re: Suntrust Card

Postby kdm31091 » Mon Jan 11, 2016 8:41 am

It's a solid offer. I have no real use for it personally, and the card would be pretty useless outside of the BT, but if you need a BT, nothing wrong with the offer.

Digging deeper, none of their rewards cards look great (to me). One offers 5% on groceries/gas for a year, but then 2% on those and 1% elsewhere. Fairly mediocre. Then there's a 3% on travel card, but with an $89 AF, it would take a LOT of travel spending for that to eclipse a 2% no AF card. An extra 1% doesn't equal $89 until you spend $8900.

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Re: Suntrust Card

Postby Vattené » Mon Jan 11, 2016 11:32 am

Yeah I thought I might have found an underrated card with that 5% one until I saw it was for the first year only.

I agree, though. Solid offerings, but nothing groundbreaking.
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FICO-8:
EX - 805 (2/17) | TU - 787 (2/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Re: Suntrust Card

Postby Dcyphrz » Mon Jan 11, 2016 8:25 pm

The Cash Rewards version of that card is the one I was reading about when I noticed the Prime Rewards card. I'd have been all over the 5% gas/grocery points if it didn't expire in 12 months. It's not even a bad card after that but my Citi DC fills category voids very well. Hate to spend a hard pull on it. Thing is, I just paid off a truck in December plus some inquiries fall off in the spring. I'd love to see some 800s this year if possible.
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kdm31091
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Re: Suntrust Card

Postby kdm31091 » Tue Jan 12, 2016 9:18 am

Dcyphrz wrote:The Cash Rewards version of that card is the one I was reading about when I noticed the Prime Rewards card. I'd have been all over the 5% gas/grocery points if it didn't expire in 12 months. It's not even a bad card after that but my Citi DC fills category voids very well. Hate to spend a hard pull on it. Thing is, I just paid off a truck in December plus some inquiries fall off in the spring. I'd love to see some 800s this year if possible.


Yeah 2% on just gas/groceries is not hugely exciting when one has a Double Cash/Fidelity/etc.

It's good you are looking at the long term goal -- more people need to think of it that way (and the long term goal doesn't always have to be a certain card approval).

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Re: Suntrust Card

Postby 4ktvs » Fri Jan 22, 2016 1:42 pm

kdm31091 wrote:It's a solid offer. I have no real use for it personally, and the card would be pretty useless outside of the BT, but if you need a BT, nothing wrong with the offer.

Digging deeper, none of their rewards cards look great (to me). One offers 5% on groceries/gas for a year, but then 2% on those and 1% elsewhere. Fairly mediocre. Then there's a 3% on travel card, but with an $89 AF, it would take a LOT of travel spending for that to eclipse a 2% no AF card. An extra 1% doesn't equal $89 until you spend $8900.


They do have a way of getting the AF waved on the Travel card but most couldn't/wouldn't want to meet those requirements.

It's disappointing they only really came out with two new products as the %1/%2 card existed before they released the other two cards.



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