Regions Credit Cards Review

(June 2024)

Regions Credit Cards Review

In This Article

Our Verdict

As an esteemed S&P 500 Index member, Regions Financial Corporation isn’t just any player in the game – it is a powerhouse in consumer and commercial banking, wealth management, and mortgages. But zoom in on what really matters – Regions credit cards.

Regions Bank Credit Cards aren’t just pieces of plastic; they’re your key to a world of financial possibilities. Whether you love traveling, want cash back on your purchases, or are looking to boost your credit, it has a card that fits your style. What’s more, they come with competitive APRs.

You know that moment when you’re navigating through financial complexities and you wish for a guide? Regions Bank answers that call.
Regions’ commitment to top-notch customer service doesn’t just rest on the shoulders of its branches – it extends to the virtual realm and even the trusty ATM.

The Rewards programs add a fun twist, offering points for your purchases. Just keep in mind that not all purchases get you rewards, and that extra cash back comes from certain types of spending.
Remember, while these cards offer a ticket to financial wins, the real magic happens when you use them responsibly. So, if you’re ready to steer your financial ship in the right direction, Regions Bank Credit Cards might just be your compass.

Here are additional details for your use:
Headquarters: 250 Riverchase Parkway East, Birmingham, AL 35244
Phone Number: +1 800-REGIONS (1-800-734-4667)
Website: www.regions.com

Pros

  • Offers a variety of rewards programs to fit different spending habits.
  • Gives competitive welcome bonuses and introductory APRs on balance transfers.
  • Has no annual fee on some cards.
  • Offers travel insurance, purchase protection, and extended warranty protection.
  • Has a strong customer service reputation.
  • Assists in Credit Building
  • Offers Online Convenience

Cons

  • Provides Less Generous Travel Rewards
  • Lacks Abundant No Annual Fee Cards
  • Imposes High Annual Fees
  • Features Elevated APRs for Non-Rewards Cards
  • Involves Complex Terms and Conditions
  • Limits Rewards on Specific Purchases

Who Regions Credit Cards Is Best For

Regions Credit Cards could be your go-to choice if you:

  • Reside in the South or Midwest, where Regions Bank holds a strong footing.
  • Boast good or excellent credit.
  • Wish to earn rewards on your day-to-day expenses.
  • Seek a balance transfer card featuring a low introductory APR.

Who Regions Credit Cards Isn’t Right For

Regions Credit Cards might not be the perfect fit for you if:

  • Your credit is on the lower side.
  • You’re in search of a card without an annual fee.
  • Your focus is on earning rewards for travel or specific spending categories.

What Regions Credit Cards Offers

Regions Credit Cards provide an array of rewards and advantages, including:

  • Give Cash Back Rewards
  • Offer Travel Rewards Points
  • Provide Sign-Up Bonuses
  • Grant 0% Introductory APR
  • Waive Annual Fee
  • Include Travel Insurance
  • Give Purchase Protection
  • Extend Warranty Protection

Regions Credit Cards Details

Regions Cash Rewards Visa® Signature Credit Card:

  • Earn $200 bonus Cash Rewards for spending $1,000 in the first 90 days or $100 for spending $500.
  • 0% intro APR for 12 months on purchases and balance transfers in the first 60 days.
  • Variable APR between 19.24% – 29.24% based on creditworthiness.
  • No annual fee.
  • Cash advance fee: $10 or 4% of the amount.
  • Late payment fee up to $39.
  • No foreign transaction fee.

Regions Prestige Visa® Signature Credit Card:

  • Earn $200 bonus for spending $1,000 in the first 90 days or $100 for spending $500.
  • 0% intro APR for 12 months on purchases and balance transfers in the first 60 days.
  • Variable APR between 18.24% – 28.24% based on creditworthiness.
  • No annual fee.
  • Cash advance fee: $10 or 4% of the amount.
  • Late payment fee up to $39.
  • No foreign transaction fee.

Regions Life Visa Credit Card:

  • Longer 0% intro APR for 15 months on purchases and balance transfers in the first 60 days.
  • Variable APR between 17.24% – 27.24% based on creditworthiness.
  • No annual fee.
  • Cash advance fee: $10 or 4% of the amount.
  • Late payment fee up to $39.
  • No foreign transaction fee.

Regions Premium Visa Signature Credit Card:

  • Earn 1.5 Relationship Rewards1 points for every dollar spent.
  • Earn 30,000 bonus points for $2,000 net purchases in the first 90 days.
  • 0% intro APR for 12 months on purchases and balance transfers in the first 60 days.
  • After the intro period, 19.24% variable APR.
  • $125 annual fee.
  • Cash advance fee: $10 or 4% of the amount.
  • Late payment fee up to $39.
  • No foreign transaction fee.

Regions Explore Visa Credit Card:

  • Start building a credit history with a $250 opening deposit.
  • Variable APR: 28.24% for purchases and balance transfers.
  • 30.24% variable APR for cash advances.
  • $29 annual fee.
  • Cash advance fee: $10 or 4% of the amount.
  • Late payment fee up to $39.
  • No foreign transaction fee.

Where Regions Credit Cards Stand Out

Regions Credit Cards shine with their:

  • Robust Rewards Program; Offering strong rewards for your spending.
  • Attractive Welcome Bonuses; Giving you competitive bonuses as a warm welcome.
  • Low Introductory APR; Providing a wallet-friendly start for balance transfers.
  • Freedom from Annual Fees; Some cards come with no annual charges.

Regions Credit Cards truly stand out with their flexibility, offering options ranging from cards for building credit to ones packed with rewards. Regions make sure there’s a card that fits your financial journey. And when it comes to online banking and its app? It’s a smooth and hassle-free experience.

Where Regions Credit Cards Fall Short

Regions Credit Cards have some limitations, such as:

  • Less Generous Travel Rewards: Their travel rewards might not match up to certain other cards.
  • Limited No Annual Fee Options: Unlike some banks, it offers fewer cards without an annual fee.

Keeping it real here, while its rewards and perks are solid, Regions might not outshine some fierce competitors. If you’re in search of exceptionally low APRs, it could be worth exploring other options.

How to Qualify for Regions Credit Cards

To qualify for Regions Credit Cards, you must;

  • be a resident of the United States.
  • be at least 18 years old.
  • have a valid Social Security number.
  • not have any outstanding collections or bankruptcies.
  • not have been turned down for a Regions credit card in the past.

Regions Bank may also have other requirements, depending on the specific credit card you apply for. For example, some cards may require a minimum income or a certain length of credit history.

If you are not sure whether you qualify for a Regions credit card, you can always contact the bank and ask. It will be able to give you more specific information based on your individual circumstances.

 

How to Apply for Regions Credit Cards

Here are the steps on how to apply for a Regions Credit Card:

  1. Go to the Regions Bank website and click on the “Credit Cards” tab.
  2. Select the credit card you are interested in applying for.
  3. Click on the “Apply Now” button.
  4. You are being asked to provide some personal information, such as your name, address, and Social Security number.
  5. You are also being asked to provide information about your income and employment.
  6. Regions Bank may ask you to provide documentation to verify your identity and income. This could include things like your driver’s license, pay stubs, or tax returns.
  7. Once you submit your application, Regions Bank reviews it and let you know if you are approved.

Here are some additional ways to apply for a Regions Credit Card:

  • In-person: You can apply for a Regions Credit Card at any Regions Bank branch.
  • By phone: You can call Regions Bank at 1-800-REGIONS (1-800-734-4667) to apply for a credit card.
  • By mail: You can download an application form from the Regions Bank website and mail it in.

No matter how you apply, be sure to read the terms and conditions carefully before you sign anything. This helps you understand the responsibilities of owning a credit card.

Here are some additional tips for applying for a Regions Credit Card:

  • Apply for the right card: Not all Regions credit cards are created equal. Some cards have better reward programs or lower interest rates than others. Do your research to find the card that is right for you.
  • Be prepared to provide documentation: Regions Bank may ask you to provide documentation to verify your identity and income. This could include things like your driver’s license, pay stubs, or tax returns.
  • Be patient: The application process can take a few weeks. Don’t be discouraged if you don’t hear back right away.

If you are approved for a Regions Credit Card, be sure to use it responsibly. Pay your bills on time and in full each month to build your credit history and avoid paying interest charges.

Alternatives to Regions Credit Cards

If you are looking for a credit card with similar features to a Regions Credit Card, here are a few alternatives:

Chase Freedom Unlimited: 

Get 1.5% cash back on all your purchases. No annual fee, and perfect for your everyday spending. The 1.5% cash-back rate is solid, and no annual fee is a definite plus.

Capital One Venture Rewards: 

Earn 2 miles per dollar on travel and dining, and 1 mile per dollar on other purchases. There’s a $95 annual fee, but if you love travel rewards, this could be your go-to. The 2 miles per dollar on travel and dining rocks, plus you get a cool sign-up bonus of 60,000 miles when you spend $3,000 in the first 3 months.

Discover it® Cash Back Card: 

Score 5% cash back on rotating categories and 1% cash back on everything else. No annual fee, and it’s all about maximizing your cash back. That 5% cash back on rotating categories can really add up, and there’s a $200 sign-up bonus when you spend $1,000 in the first 3 months.

Customer Reviews

Regions Bank has a rating of 3.8 out of 5 stars on Trustpilot, based on over 1,000 reviews. Some of the positive reviews mention the good customer service, the competitive rewards programs, and the lack of annual fees. Some of the negative reviews mention the long wait times for customer service, the difficulty of getting approved for a card, and the high-interest rates.

Regions Bank has an A+ rating with the BBB, based on over 2,000 reviews. Some of the positive reviews mention the helpful customer service, the competitive rewards programs, and the convenient online banking. Some of the negative reviews mention the high-interest rates, the difficulty of getting approved for a card, and the long wait times for customer service.

Pro Tips

Here are a few pro tips for getting the most out of a Regions Credit Card:

  • Pay your bill on time and in full each month to avoid interest charges.
  • Use your card for everyday purchases to maximize your rewards.
  • Take advantage of the introductory APR on balance transfers to save money on debt.
  • Read the terms and conditions carefully before you apply for a card to make sure you understand the fees and rewards.

Recap

In a nutshell, Regions Credit Cards provide a variety of choices customized to your financial preferences. With strong rewards, competitive bonuses, and flexible introductory APRs on balance transfers, these cards align with your spending style. Some cards have no annual fees, and useful perks like travel insurance and purchase protection sweeten the deal. Regions Bank’s excellent customer service extends from branches to virtual platforms, ensuring a seamless experience.

However, be aware that while these cards stand out, they’re not the only contenders. Their travel rewards might not match other cards, and options without annual fees are somewhat limited. 

Remember, while the rewards are solid, there are alternatives if you’re seeking extremely low APRs. In the end, Regions Credit Cards offer a balanced mix of rewards and perks for your financial journey.

Related Articles

Become a

S'witty Kiwi Credit Insider!

Get the latest credit tips and hacks in your inbox!