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The SunTrust Cash Rewards Credit Card has a unique offer for an elevated 5% cash back rate on up to $6,000 in spending on gas and groceries. With a baseline of 2% back on these purchases, you could be earning a bonus of up to $180. That’s a generous welcome offer, especially since the card doesn’t cost anything to carry. See our list for more cash back cards such as the Chase Freedom Unlimited® card.
With the SunTrust Cash Rewards card, its return rates go from decent to generous if you’re a SunTrust Bank accountholder. That’s because you’ll enjoy a loyalty cash bonus of up to 50%.
Unfortunately, if you don’t already bank with the issuer, you have to live in a state where SunTrust operates in order to apply.
*Check out SunTrust Bank bonuses for Checking & Savings accounts.
CHASE FREEDOM UNLIMITED®
The Chase Freedom Unlimited® credit card has an offer for $200 bonus cash after you spend $500 on purchases in your first 3 months from account opening.
This card also earns 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1.5% on all other purchases.
The Chase Freedom Unlimited® earns Ultimate Rewards points. Points can be pooled with those from other eligible Chase cards, such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred® Credit Card. More on this here.
SunTrust Cash Rewards Card 5% Bonus Cash Back Offer
Most cash back cards offer a large cash bonus if you spend a certain amount within 90 days. Straying from the norm, the SunTrust Cash Rewards card has a nontraditional introductory offer. Get an elevated cash back rate of 5% for up to $6,000 spent on gas and grocery purchases within the first 12 months of opening your account.
The SunTrust Cash Rewards card normally earns 2% for gas and groceries, so you’ll essentially receive a bonus of 3%. By taking full advantage of the welcome offer, you’ll get an extra $180.
Earning SunTrust Cash Rewards
After you’ve earned the full welcome bonus (or after your first 12 months), you’ll get 2% cash back on gas and groceries with no caps or restrictions. All other spending earns unlimited 1% cash back.
Redeeming SunTrust Cash Rewards
Although its name implies that you’re getting cash back, the SunTrust cash rewards card can be used a number of ways:
- Statement credits
- Direct deposits
- Travel
- Experiences
- Gift cards
- Merchandise
For the best value, redeem your rewards for direct deposits into a SunTrust account (more on that below). Keep in mind, these have a $5 minimum redemption.
SunTrust Loyalty Cash Bonus
With SunTrust Loyalty Cash Bonus, the more you have in your deposit accounts, the bigger the bonus when you redeem your cash back directly into a SunTrust account.
| Deposit into Accounts | Consumer Deposits & Investment Balances | Loyalty Cash Bonus |
| SunTrust Checking SunTrust Savings SunTrust Money Market | N/A | 10% |
| SunTrust Advantage Checking SunTrust Signature Advantage Checking SunTrust Exclusive Checking | $25,000 – $100,000 | 25% |
| SunTrust Advantage Checking SunTrust Signature Advantage Checking SunTrust Exclusive Checking | $100,000+ | 50% |
| SunTrust Premier Program SunTrust Private Wealth Management | N/A | 50% |
A 10% Loyalty Cash Bonus on $100 in base cash rewards would earn a $10 bonus. So the total in cash rewards earnings would be $110.
SunTrust Cash Rewards Card Availability
If you don’t already bank with SunTrust, the Cash Rewards card is limited to within the issuer’s network. That includes:
- Alabama
- Arkansas
- Florida
- Georgia
- Maryland
- Mississippi
- North Carolina
- South Carolina
- Tennessee
- Virginia
- Washington, D. C.
- West Virginia
Otherwise, you’ll need to consider other credit card options.
Bottom Line
If a big chunk of your spending tends to go towards gas and groceries, and you bank with SunTrust, the SunTrust Cash Rewards card could be a good fit. With a generous introductory offer, a 2% cash back rate for gas and groceries and a loyalty boost, you’ll be racking up those rewards quickly and easily. Plus, the card doesn’t cost anything to carry.
But if your spending covers a variety of categories, consider a flat-rate cash back card instead.
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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.