SunTrust Secured Credit Card Review


SunTrust Secured Credit Card with Cash Rewards Benefits

As a SunTrust Secured Credit Card with Cash Rewards holder, you will get benefits including:

  • Baggage delay insurance
  • Car rental insurance
  • Free monthly FICO credit score access
  • Mastercard Global Service
  • Purchase assurance
  • Trip cancellation or interruption insurance
  • Worldwide travel accident insurance
  • Zero liability coverage

Maximizing Rewards

The SunTrust Secured Credit Card with Cash Rewards earns the most (2% cash back) when you use it for qualifying gas and grocery purchases of up to $6,000 per year (then 1%), so it’s a good idea to use this card for those spending categories. You can get more out of your rewards redemption if you deposit your cash back into a SunTrust checking, savings or money market account. All SunTrust banking customers are eligible for a cash deposit bonus of 10%, but you can get a bonus of 25% or more depending on how much money you have in your SunTrust bank accounts. For example, SunTrust Signature Advantage account customers with $100,000 or more in deposits and investment balances will receive a cash deposit bonus of 50%, bringing a $100 rewards cash deposit to a total of $150.

Comparison to Other Cards

Annual fee: There is a $32 annual fee for the SunTrust Secured Credit Card with Cash Rewards. The Capital One Platinum Secured Credit Card has an annual fee of $0.

Rewards: Earn 2% cash back on the first $6,000 in qualifying gas and grocery store purchases each year (then 1%) and 1% cash back on all other purchases with the SunTrust Secured Credit Card with Cash Rewards. There is no rewards program with the Capital One Platinum Secured Credit Card.

Sign-up bonus: Neither card offers a sign-up bonus.

Benefits: With the SunTrust Secured Credit Card with Cash Rewards, cardholders will get car rental insurance, purchase assurance, free FICO credit score access each month, baggage delay insurance and worldwide travel accident insurance. The Capital One Platinum Secured Credit Card offers benefits including emergency card services, fraud coverage and Mastercard identity theft protection.

Rewards: With the SunTrust Secured Credit Card with Cash Rewards, you can earn 2% cash back on the first $6,000 in qualifying gas and grocery purchases each year (then 1%) and 1% cash back on all other purchases. Using the Discover it Secured Credit Card, you’ll earn 2% cash back at restaurants or gas stations on up to $1,000 in combined purchases each quarter and 1% cash back on all other credit card purchases.

Sign-up bonus: Neither card offers a sign-up bonus. However, the Discover it Secured Credit Card automatically matches all the cash back you’ve earned dollar for dollar at the end of the first year for new cardholders.

Benefits: SunTrust Secured Credit Card with Cash Rewards holders get benefits including purchase assurance, free FICO credit score access each month, car rental insurance, baggage delay insurance and worldwide travel accident insurance. As a Discover it Secured Credit Card cardholder, your benefits include a free FICO credit score each month, free overnight card replacement and the ability to freeze your account if your card is lost or stolen.



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