How Does LendingTree Get Paid?
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How Does LendingTree Get Paid?

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SunTrust Prime Rewards Card

SunTrust Prime Rewards Card

Intro APR
3 years of intro APR on balance transfers at the Prime Rate, after which a 11.24%–21.24% variable APR applies.
Balance transfer fee
No balance transfer fee for balances transferred during the first 60 days your account is opening. After, a fee of $10 or 3% (whichever is greater) applies.
Rewards rate
Earn 1% unlimited cash back on all qualifying purchases.
Edited by
Julie Sherrier
Reviewed by
Glen Luke Flanagan
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the SunTrust Prime Rewards Card best for?

If you’re looking for a credit card with a low interest rate, the SunTrust Prime Rewards Card has an intro APR period offer on balance transfers so long it blows the competition out of the water. Plus, you can avoid a balance transfer fee by taking care of any transfers you want to make in the first 60 days you have the card.

Unfortunately, while the SunTrust Prime Rewards Card does come with a low intro APR, it doesn’t offer a 0% intro APR period. If you’re searching for a 0% intro APR credit card so you can pay no interest at all during the intro window, we’ll cover a different card that might suit you better.

SunTrust Prime Rewards Card overview

    • Earn unlimited cash back on every purchase
    • Opportunity to qualify for a 10%, 25% or 50% Loyalty Cash bonus
    • Get a $100 statement credit after spending $500 in first three billing cycles
  • Credit needed:
    660 850
    Excellent/Good
  • ShopRunner membership with free two-day shipping on eligible purchases (enrollment required)
  • Baggage delay reimbursement
  • Trip cancellation coverage
  • Travel accident insurance
  • Master RoadAssist® Roadside Service
  • Mastercard Travel & Lifestyle Services for help when planning a trip
  • MasterLegal® Referral Service (legal referrals and consults with embassies and consulates when needed)
  • Mastercard ID Theft Protection™

Intro Purchase APR

N/A

Regular Purchase APR

11.24% - 21.24% variable

Intro BT APR

Introductory 3.25% variable APR for the first 36 months for all balances transferred within 60 days of account opening

Regular BT APR

11.24%–21.24% variable

Annual Fee

$0

Cash Advance Fee

$10.00 or 4% of the amount of each advance, whichever is greater.

Foreign Transaction Fee

$0

Balance Transfer Fee

$0 for balances transferred within 60 days of account opening, then $10 or 3% of the amount of the transfer, whichever is greater

Pros and cons

Pros

  • Long intro APR on balance transfers
  • No balance transfer fee for 60 days
  • No annual or foreign transaction fees
  • Sign-up bonus is easy to earn

Cons

  • Intro APR is low, but not 0%
  • No intro period on purchases
  • Cash back rate is subpar

What we like about the SunTrust Prime Rewards Card

  • Three years of intro APR on balance transfers

    Enjoy an introductory 3.25% variable APR for the first 36 months for all balances transferred within 60 days of account opening. Many credit cards come with intro APR periods of 12, 15 or 18 months, so offering three years of intro APR makes this card quite exceptional.

  • No balance transfer fee for the first 60 days

    Many credit cards charge a fee of 3% to 5% of the amount transferred — and while it’s possible to find a card with no balance transfer fee, they’re not very common. The SunTrust Prime Rewards Card, however, charges $0 for balances transferred within 60 days of account opening, then $10 or 3% of the amount of the transfer, whichever is greater, making it a great option if you want to avoid a balance transfer fee.

  • Doesn't charge annual or foreign transaction fees

    The card’s annual fee is $0, while its foreign transaction fee is $0 as well.

  • Comes with an easy-to-earn sign-up bonus

    Earn $100 statement credit after you spend $500 on qualifying purchases in the first three months after account opening — that’s a relatively low spending requirement, making this sign-up bonus easier to earn than those offered by some competing credit cards.

    However, it’s important to note two things.

    First, the SunTrust Prime Rewards Card doesn’t offer an intro APR on purchases. This means you’ll accrue interest on your purchases at the regular APR of 11.24% - 21.24% variable unless you pay off your entire balance by your monthly due date.

    Second, we recommend against using a balance transfer credit card for new purchases until after you’ve paid off the transferred balance in full. Adding purchases on top of a balance transfer can make it harder to get out of debt, which is typically why consumers turn to a balance transfer in the first place.

What to watch out for with the SunTrust Prime Rewards Card

  • Doesn't have a 0% intro APR offer

    Many credit cards with intro APR periods offer a 0% intro APR for a specified period of time. And while the SunTrust Prime Rewards Card offers a low APR during its intro period, it’s not 0% — so you’ll still be paying interest.

    That said, 0% intro APR periods generally range from 12 to 21 months — the SunTrust Prime Rewards Card‘s intro APR window is substantially longer. If you need a longer time to pay off transferred debt, it might be worth paying a little interest to take advantage of how lengthy this card’s offer is.

  • No intro APR period for purchases

    This card’s intro APR only applies to balance transfers, not purchases. If your main concern is high-interest debt you’re already carrying on another credit card, that might be exactly what you’re looking for. On the other hand, if you’re planning a big purchase and would like some time to pay it off without interest accruing, you may want to consider a different card with an intro APR on purchases.

  • The cash back rate is lacking

    Cardholders earn a flat rate of 1% cash back with the SunTrust Prime Rewards Card. But considering that many cash back credit cards offer 1.5%  — or even 2% — back on all purchases, 1% is subpar.

    Still, it is possible to get a boost if you redeem your cash back into a SunTrust checking, savings or money market account. The bank offers a bonus of 10%, 25% or 50% “based on your deposit relationship with SunTrust.” Still, at best, that brings the value you’re getting up to 1.5% — which you could earn with no strings attached using a different flat-rate cashback credit card.

Alternate balance transfer card

Compare it with the Wells Fargo Reflect℠ Card

Disclosures |
Wells Fargo Reflect℠ Card
Wells Fargo Reflect℠ Card
on Wells Fargo's secure site
0% intro APR up to 21 months from account opening
12.99%-24.99% Variable APR
$0
None
  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension of up to 3 months with on-time minimum payments during the intro and extension periods. 12.99% to 24.99% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5
  • $0 Annual Fee
  • Get up to $600 of cell phone protection when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
  • Through My Wells Fargo Deals, you can earn cash back in the form of a statement credit while you shop, dine, or enjoy an experience simply by using your eligible Wells Fargo Credit Card
  • Select “Apply Now” to learn more about the product features, terms and conditions
660 850

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

 

The Wells Fargo Reflect℠ Card offers a shorter intro APR than the SunTrust Prime Rewards Card, but has two things the latter doesn’t — a 0% intro APR and intro periods for both balance transfers and purchases.

You can get a 0% intro APR up to 21 months from account opening on qualifying balance transfers (after, a 12.99%-24.99% Variable APR applies). There’s also a 0% intro APR up to 21 months from account opening for purchases; after the promotional period, a 12.99%-24.99% Variable APR will apply.

Cardholders start out with an initial 18-month period of intro APR, and after demonstrating responsible behavior by making on-time payments, Wells Fargo can grant an extension of up to three months.

The Wells Fargo Reflect℠ Card does charge a balance transfer fee of 3% for 120 days from account opening, then up to 5%; min: $5. So, if you’re looking for a card with no balance transfer fee, the SunTrust Prime Rewards Card is the better choice.

You’ll pay a $0 annual fee to carry the Wells Fargo Reflect℠ Card, but it does charge a foreign transaction fee of 3%. It should also be noted the Wells Fargo Reflect℠ Card doesn’t offer a rewards program or a sign-up bonus.

Compare the SunTrust Prime Rewards Card to similar cards

Comparison of four different credit cards
SunTrust Prime Rewards Card Wells Fargo Reflect℠ Card USAA<sup>®</sup> Rate Advantage Visa Platinum<sup>®</sup> Card U.S. Bank Visa<sup>®</sup> Platinum Card
SunTrust Prime Rewards Card Wells Fargo Reflect℠ Card USAA® Rate Advantage Visa Platinum® Card U.S. Bank Visa® Platinum Card
Read Review
Apply Now
on Wells Fargo's secure site
Read Review
Apply Now
on U.S. Bank's secure site
Intro Balance Transfer Rate
Introductory 3.25% variable APR for the first 36 months for all balances transferred within 60 days of account opening 0% intro APR up to 21 months from account opening on qualifying balance transfers N/A 0% intro APR for 20 billing cycles on Balance Transfers*
Regular Balance Transfer Rate
11.24%–21.24% variable 12.99%-24.99% Variable APR 6.90% - 23.90% variable 14.49% - 24.49%* (Variable)
Balance Transfer Fee
$0 for balances transferred within 60 days of account opening, then $10 or 3% of the amount of the transfer, whichever is greater 3% for 120 days from account opening, then up to 5%; min: $5 3% Either 3% of the amount of each transfer or $5 minimum, whichever is greater
Intro Purchase APR
N/A 0% intro APR up to 21 months from account opening N/A 0% intro APR for 20 billing cycles on Purchases*
Regular APR
11.24% - 21.24% variable 12.99%-24.99% Variable APR 6.90% - 23.90% variable 14.49% - 24.49%* (Variable)
Welcome Offer
$100 statement credit after you spend $500 on qualifying purchases in the first three months after account opening N/A N/A No bonus
Annual Fee
$0 $0 $0 $0*
Rewards Rate
1% cash back None N/A None
Card Details
SunTrust Prime Rewards Card Wells Fargo Reflect℠ Card USAA® Rate Advantage Visa Platinum® Card U.S. Bank Visa® Platinum Card

The information related to the USAA® Rate Advantage Visa Platinum® Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.

Is the SunTrust Prime Rewards Card right for you?

You’re unlikely to find another card that offers an intro APR on balance transfers for three years. So if you’re struggling to get out of debt and need a long time to pay off a balance you’re carrying on another card, the SunTrust Prime Rewards Card could be exactly the financial tool you need. Just make sure to create a budget and stick to a monthly repayment plan that will allow you to pay off your transferred balance before the intro period ends, and don’t put new purchases on the card.

Plus, since this card lets you avoid a balance transfer fee, it helps save money in that regard, too.

But if you can work with a shorter intro APR period and don’t mind paying a balance transfer fee, you might prefer a card with a 0% intro APR, so you can avoid interest charges altogether. The Wells Fargo Reflect℠ Card is worth considering in that case.

The information related to the SunTrust Prime Rewards Card has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.