Regional Australia Bank Credit Cards

Regional Australia Bank is a provider of credit cards, savings and transaction accounts, home loans and a range of other personal banking products. It also provides business and insurance products.

What credit cards does Regional Australia Bank offer?

We have summarised below some of the key features of Regional Australia Bank’s credit cards, according to information available on its website at the time of writing.

Visa Platinum Rewards Credit Card

Features

  • Card type: Visa
  • Minimum credit limit: $6,000 
  • Minimum income requirement: $35,000
  • Interest free period: Up to 45 days on purchases 
  • Purchase/cash advance rate: 19.99% p.a.
  • Annual fee: $195 (waived if you have a Partnership Advantage Home Loan)
  • No fee for late payments or additional cardholders
  • Staff assisted external transfer: $2.25
  • Over limit fee: $12.50
  • Direct debit dishonour: $12.50
  • Bank cheque fee: $11.00
  • Contactless payments: Contactless payments for purchases up to $100 via Visa payWave
  • Rewards program: At the time of writing, earn 0.75 Qantas Points for every $1 you spend on eligible purchases (up to $10,000 and 7,500 Points per statement period). Cardholders also receive complimentary Qantas Frequent Flyer membership and an additional 10,000 points each year, subject nto eligibility. 
  • Concierge services: Receive access to the 24/7 Visa Platinum Concierge Service 

Your Choice Credit Card

Features

  • Card type: Visa
  • Minimum credit limit: $500 (or $5,000 if you have an attached Partnership Advantage Home Loan)
  • Interest free period: Up to 55 days on purchases
  • Purchase/cash advance rate: 14.69% p.a. (9.69% p.a. if you have an attached Partnership Advantage Home Loan, and 11.69% p.a. if you have any other attached Regional Australia Bank home loan)
  • Annual fee: $40 (waived if you have a Partnership Advantage Home Loan)
  • No fee for late payments or additional cardholders
  • Staff assisted external transfer: $2.25
  • Over limit fee: $12.50
  • Direct debit dishonour: $12.50
  • Bank cheque fee: $11.00
  • Contactless payments: Contactless payments for purchases up to $100 via Visa payWave

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Regional Australia Bank credit cards FAQs

To apply online for one of Regional Australia Bank’s credit card products, you must satisfy the following criteria:

  • You must be 18 years of age or older, 
  • You must be a permanent Australian resident or Australian citizen, and 
  • You must earn at least $35,000 if applying for a Visa Platinum Rewards Credit Card.

Before  you commit to an application for Regional Australia Bank credit card, consider the eligibility criteria and whether a credit card generally suits your financial needs.

You may also wish to compare your options using Canstar’s comparison tables.

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If you meet the eligibility requirements, you can apply online, over the phone or in-store by visiting a Regional Australia Bank branch.

Regional Australia Bank says you’ll need documents to verify your identity and details of your income, expenses, assets and liabilities.

 

Regional Australia Bank says your credit card can only be used once the account to which it is attached has been activated and the card has been signed. Regional Australia Bank says you can activate your account over the phone, via internet or mobile banking, or by writing to Regional Australia Bank.

You can manage your Regional Australia Bank credit card through online banking or via the Regional Australia Bank app. The app can be used to quickly view your account balance without logging in, view your current interest rate, and activate your account amongst other things.

When interest is charged:

Interest is charged when you carry a balance on your Regional Australia Bank credit card. Interest is charged on cash advances from the date the transaction is made until the date the transaction is paid in full. Fees and charges may apply, contact Regional Australia Bank website for more details. 

When interest is not charged:

At the time of writing, there is an interest-free period of up to 45 days on purchases for the Visa Platinum Rewards Credit Card and up to 55 days on purchases for the Your Choice Credit Card. 

Interest-free days only apply if you have paid the balance in full for the previous month’s statement and for the current month’s statement (the statement on which the purchases are listed).

Your credit limit for a Regional Australia Bank credit card will be determined based on the information you provide in your application, keeping in mind the minimum and maximum credit limits available for each card.  This will be set out in the letter of offer and financial table. 

Regional Australia Bank says you can apply to increase your credit limit at any time. Regional Australia Bank also says it can reduce or cancel your credit limit at any time, whether or not you are in default. 

Note that Regional Bank Australia’s Your Choice credit card has a minimum credit limit of $500, and its Visa Platinum Rewards credit card has a minimum credit limit of $6,000.

You can close your Regional Australia Bank credit card account at any time by calling Regional Australia Bank. Regional Australia Bank says your card balance will need to be repaid in full even after a card is cancelled.

If you are closing your Regional Australia Bank credit card because you’re not satisfied with it, consider your other options when it comes to credit cards:

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Regional Australia Bank is a customer owned bank that says it pledges more than 5% of its profits back into grass roots community initiatives. Regional Australia Bank was established over 45 years ago. It has roots in regional NSW and its current head office is in Armidale.

Written by: Tamika Seeto | Last updated: February 21, 2020