The landscape of financial services has evolved with the merger of SunTrust and BB&T, culminating in the creation of Truist Bank. This article focuses on guiding you through the application process for a SunTrust Bank credit card, now a part of Truist’s offerings.
While Truist is replacing the SunTrust cards, understanding the current process remains vital. We’ll explore the steps to apply online, ensuring you have the necessary information at your fingertips.
Transition to Truist Cards
With the merger of SunTrust and BB&T, the financial product offerings have undergone a significant transformation. Customers holding cards from SunTrust will gradually shift to Truist-branded options.
This change reflects the integration of services and features under the new Truist umbrella. It’s important to note that existing cardholders will receive their new Truist cards upon expiring their current ones.
Overview of Truist Credit Card Options
Truist Bank presents a variety of credit cards, each tailored to specific spending patterns and lifestyle needs. Understanding each card type’s key features and benefits is crucial for making an informed choice.
Cash Credit Card
The Cash Credit Card from Truist is an excellent choice for those seeking to earn cash back on daily expenditures. It’s particularly beneficial for routine purchases.
Features and Benefits:
- Rewards: This card offers 3% cash back on gas and EV charging, 2% on utilities and groceries (capped at $1,000 monthly), and 1% on other eligible purchases. Alternatively, there’s an option for 1.5% cash back on all purchases.
- Introductory APR: Enjoy a 0% introductory APR on purchases for the first 12 months after opening the account.
- Standard APR: Post-introductory period, the variable APR ranges from 18.49% to 27.49%.
- Annual Fee: Zero annual fees, adding to its appeal for cost-conscious users.
Travel Credit Card
For those who travel frequently, the Truist Travel Credit Card offers benefits and rewards that cater to travel-related expenses, making it a suitable choice for globetrotters.
Attributes and Advantages:
- Rewards: Earn 2x miles for every dollar spent on airfare, hotels, and car rentals, and 1x miles on other eligible purchases.
- Bonus Miles: You can earn 20,000 bonus miles when you spend $1,500 within the first 90 days after account opening.
- Purchase APR: The card has a variable APR ranging from 18.49% to 27.49%.
- Annual Fee: No annual fee is advantageous for regular travelers looking to save on card costs.
Future Credit Card
The Future Credit Card is designed for those planning ahead, offering introductory benefits for new purchases and balance transfers. It’s an ideal choice for managing finances over a longer term.
Qualities and Benefits:
- APR/Offer: Benefit from 0% intro APR for 15 months on purchases and balance transfers made within the first 90 days.
- Purchase APR: After the intro period, the APR varies from 16.49% to 25.49%.
- Annual Fee: No annual fee, making it a cost-effective option.
Beyond Credit Card
The Beyond Credit Card stands out for its premium features, catering to those who frequently spend on travel and dining. This card is geared towards maximizing rewards in these categories.
Attributes and Benefits:
- Rewards: Earn 3x points on travel expenses, 2x on dining, and 1x on other eligible purchases.
- APR/Offer: Receive 30,000 bonus points after spending $1,500 in the first 90 days.
- Purchase APR: Variable APR ranges from 18.49% to 27.49%.
- Annual Fee: There is a yearly fee of $195.
Cash Secured Credit Card
The Cash Secured Credit Card is an excellent tool for building credit, especially for those starting or rebuilding their credit score. It requires a refundable security deposit and offers cash-back rewards.
Characteristics and Benefits:
- Bonuses: Get 3% cash back on gas, 2% on utilities and groceries (capped at $1,000 monthly spent), and 1% on other purchases.
- APR/Offer: The card does not have an introductory offer.
- Purchase Offer: The variable APR is set at 24.49%.
- Annual Fee: A yearly modest fee of $19 is applicable.
Online Application Process for Truist Cards
Applying for a Truist credit card online is a streamlined and user-friendly process. It’s designed to be quick and efficient, allowing you to use it from home.
- Visit Truist’s official website and navigate to the credit card section.
- Choose the card that best fits your needs from the available options.
- Click on the “Apply Now” button associated with your selected credit card.
- Fill in the application form with your personal, financial, and employment information.
- Review the terms and conditions carefully before submitting your application.
- You may be asked to upload or provide additional documents for verification upon submission.
Required Documents and Eligibility
Before applying, ensure you meet the eligibility criteria and have all necessary documents ready. This preparation will make the application process smoother.
Eligibility and documents:
- Age: You must be at least 18 years old.
- Identification: Valid government-issued ID, such as a driver’s license or passport.
- Income Verification: Recent pay stubs or tax returns.
- Social Security Number: Needed for credit check purposes.
- Residential Status: Proof of current address, like a utility bill or lease agreement.
- Credit History: Your credit score will be checked, so having a good credit history is beneficial.
Bank Contact Information
Truist Bank can be contacted at 844-487-8478 to address inquiries or receive support. For queries related to former SunTrust services, use +234 01-2802143 or 01-2802144.
SunTrust’s head office is in Victoria Island, Lagos, Nigeria, while Truist’s headquarters is at 214 North Tryon Street, Charlotte, North Carolina, USA. These contacts are crucial for tailored banking advice and support.
Disclaimer: It’s essential to note that interest rates and terms for Truist’s financial products are subject to change. This variability can impact credit card agreements and should be considered when making financial decisions.
The Bottom Line on SunTrust Bank Credit Cards
In conclusion, applying for a SunTrust Bank Credit Card online is straightforward and efficient. It’s essential to stay informed about the transition to Truist cards, understanding the various types and their specific benefits.
Interest rates and terms are subject to change, so keeping abreast of these details is crucial. Don’t hesitate to contact the bank’s customer service for any further information or personalized advice.