Suntrust Cash Rewards

Important Note: The SunTrust Cash Rewards credit card is no longer available due to the merger of SunTrust Bank with BB&T, forming Truist Financial. However, you can now obtain a similar product, the Truist Enjoy Cash credit card. Despite this change, this post remains informative and relevant, and you will find the link to the new product within the article.

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The SunTrust Cash Rewards credit card is your gateway to a world of financial benefits. With this card, you can enjoy a variety of rewards and perks that make managing your finances a breeze. 

Whether you’re looking for cash back on everyday purchases or the convenience of a low annual fee, this card has you covered. Plus, the user-friendly online account management system lets you stay in control of your spending and monitor your rewards effortlessly. 

It’s the perfect tool for those seeking to make the most of their financial transactions while enjoying valuable benefits. Read on to discover more about the SunTrust Cash Rewards credit card.

How Suntrust cash rewards credit card works

The SunTrust Cash Rewards credit card follows a straightforward and rewarding system. When you make purchases with this card, you earn cash back. 

The cash back rates can vary, but typically, you receive higher percentages for specific categories like dining, gas, and groceries. Moreover, this card typically does not come with an annual fee, ensuring that your rewards aren’t diminished by ongoing charges. 

You can conveniently manage your account online, allowing you to monitor your spending and keep track of your cash back rewards. Furthermore, you have the flexibility to redeem your earned cash back rewards through statement credits, direct deposits, or checks. 

Some SunTrust Cash Rewards credit cards may offer introductory 0% APR for balance transfers or purchases for a specified period. 

Your eligibility for this card may be influenced by your credit score, with a better score potentially leading to more favorable terms and higher cash back rewards. 

Depending on the specific version of the card, you might also gain access to additional benefits such as travel insurance and extended warranty protection.

Main benefits of Suntrust cash rewards credit card

The SunTrust Cash Rewards credit card presents a compelling array of advantages, making it a popular choice among consumers. 

It allows you to earn cash back on your purchases, encompassing categories like dining, gas, and groceries, effectively transforming spending into savings. Notably, the absence of an annual fee ensures your rewards remain undiminished by ongoing charges.

Moreover, the card offers versatile options for redeeming your earned cash back, including statement credits, direct deposits, or checks, empowering you to align your rewards with your financial objectives. 

Some card versions may provide introductory 0% APR offers for balance transfers or purchases, potentially saving you on interest expenses.

Efficient online account management facilitates the monitoring of your spending, payment processing, and tracking of cash back rewards. 

Your credit score plays a role in determining your eligibility, with a higher score potentially securing more favorable terms and increased cash back rewards.

Additional benefits further enhance the appeal, with specific card versions offering supplementary perks such as travel insurance, extended warranty protection, and various other valuable features. 

These collective advantages establish the SunTrust Cash Rewards credit card as a valuable tool for earning rewards, proficient financial management, and potential interest savings. 

Nevertheless, it’s essential to review the terms and conditions of your specific card version to fully comprehend the benefits at your disposal.

Main disadvantages of Suntrust cash rewards credit card

While the SunTrust Cash Rewards credit card comes with several advantages, it’s important to be aware of potential drawbacks. 

One limitation is its rewards structure, primarily targeting specific spending categories like dining, gas, and groceries, potentially leaving other expenditures with fewer benefits. 

Additionally, this card typically requires a good to excellent credit score for optimal terms, potentially excluding those with lower credit scores.

For individuals who frequently travel abroad, foreign transaction fees associated with this card could pose an inconvenience and add extra costs to international purchases. 

The variable APR, despite introductory 0% APR offers on some versions, may become relatively high for those who carry a balance.

Unlike some competitors, this card might not offer a fixed sign-up bonus, which may disappoint individuals seeking an initial rewards boost. 

Furthermore, the complex rewards structure, involving varying cash back rates for different spending categories, could be confusing for some users.

Lastly, the card’s affiliation with SunTrust Bank (now part of Truist) means it might not be the ideal choice for those who prefer banking with different financial institutions, limiting their options. 

Careful consideration of these disadvantages alongside your financial needs and preferences is essential when evaluating the suitability of the SunTrust Cash Rewards credit card.

How to apply Suntrust cash rewards credit card

To apply for the SunTrust Cash Rewards credit card, you can follow these general steps:

• 1. Visit the SunTrust Bank Website: Go to the SunTrust Bank website or the specific website for the SunTrust Cash Rewards credit card.
• 2. Find the Card: Navigate to the “Credit Cards” section and locate the SunTrust Cash Rewards credit card.
• 3. Review Card Details: Take a close look at the card’s details, including the cash back rewards, benefits, and terms to ensure it aligns with your needs and preferences.
• 4. Click “Apply Now”: Once you’re ready to apply, click the “Apply Now” button, which will typically take you to the online application form.
• 5. Complete the Application: Fill out the application form with your personal and financial information, including your name, address, Social Security number, income, and more. Be sure to provide accurate details.
• 6. Submit the Application: Review the information you’ve entered for accuracy, and then submit your application.
• 7. Wait for a Decision: After submitting your application, the bank will review your information. You may receive a decision instantly or after a few days, depending on the bank’s review process.
• 8. Accept the Card: If you’re approved, you’ll receive your SunTrust Cash Rewards credit card in the mail. Review the card’s terms and activate it as instructed.

Conclusion

In conclusion, the SunTrust Cash Rewards credit card offers several attractive benefits, including cash back on specific categories like dining, gas, and groceries, with no annual fee. It also provides flexibility in redeeming rewards and may offer introductory 0% APR periods for balance transfers or purchases. However, potential downsides include its category-specific rewards structure, foreign transaction fees, and variable APRs. Overall, it’s essential to weigh these factors against your personal financial habits and goals to determine if this card aligns with your needs.