Regions Prestige Visa Signature Credit Card Review

GOBanking Rates Score

Quick take: The The Regions Prestige Visa Signature credit card is a basic rewards card with a hassle-free approach to relationship rewards. Cardholders earn relationship rewards on all purchases, including premium rewards in four different categories, with no revenue caps or annual fees. New members can earn up to 20,000 points when they make qualifying purchases within the first three months of opening a new account.

How did we calculate this?

Advantages

  • The minimum APR is very competitive
  • Existing Regions Bank customers can qualify for the Regions Rewards Multiplier
  • No annual or foreign transaction fees
  • Added value with Visa Signature benefits
  • Introductory APR on purchases and balance transfers

The inconvenients

  • Balance transfer fees are high
  • The top tier reward of 3x points is lower than many competing cards

Regions Prestige Visa Signature Credit Card Overview

The Regions Prestige Visa Signature credit card earns Relationship Rewards points on all purchases: 3x points for dining and entertainment, 2x points for gas and groceries, and 1x point for all other qualifying expenses. The card doubles as a balance transfer card, as it offers a promotional APR on purchases and on balance transfers made within the first 60 days of opening an account. Although the balance transfer fee is relatively high at $10 or 4%, whichever is greater, the Regions Prestige card has a competitive standard APR and no annual or foreign transaction fees.

Regions Relationship Rewards points are worth 1 cent each, regardless of how you redeem them. Cardholders who also have a Regions deposit account and maintain a balance of at least $15,000 can earn more with the Regions Rewards Multiplier. The multiplier adds between 0.25 and one additional point, depending on the deposit account balance, for qualifying purchases.

Rewards can be redeemed for statement credits, paper checks, direct deposits to region deposit accounts, or purchases at the Rewards Center.

Main characteristics

A number of factors determine whether a particular credit card may suit your spending and repayment habits. Here are some key features to consider for the Regions Prestige Visa Signature credit card.

Annual fees

A recent GOBankingRates survey found that the annual fee is the fee people hate the most for credit cards. Holders of the Prestige Regions card do not have to worry about this because the card has no annual fee. This means there’s no pressure to overuse your card just to earn enough points to cover the charges.

Limit rewards

Some cards cap the rewards you can earn, usually by limiting the dollar value of eligible purchases to bonus categories. Not only do caps reduce your ability to earn rewards, they also make it difficult to compare card to card. The Regions Prestige Visa Signature credit card does not limit the number of Relationship Rewards points you can earn, or the maximum number of purchases eligible to earn rewards. You still get 3x points for dining and entertainment, 2x points on grocery and gas purchases, and 1x points on all other purchases.

Accessibility

Regions Bank states on its website that it takes accessibility seriously. Each of its 1,400 branches is ADA compliant, and the bank has more than 2,000 ATMs with voice output and voice prompts, plus headphone jacks for privacy.

Customers who need accommodations for blindness or low vision can receive statements in large print or Braille – or receive audio CDs instead of printed copies. In addition, the bank provides assistance with reading and filling out forms.

Customers with deafness or hearing difficulties can communicate with Regions Bank using the Telecommunications Relay Service calls. TTY/TDD calls can connect through the regions contact center at 800-374-5791. Additionally, regions will arrange for a sign language interpreter to be present during a branch or office visit — just let your branch know in advance that you will need one.

Guests who require accommodations not listed here or have concerns about accommodations can call the Regions Disability Services and Outreach Manager at 205-264-7495.

Number of award categories

The Regions Prestige Visa Signature credit card is a bit short compared to competing cards when it comes to the number of categories rewarded with bonus points. However, you will likely find many of your most frequent shopping categories among the ones it offers. Here’s how relationship rewards from regions stack:

Note that entertainment includes outside entertainment, such as movie and concert tickets. It does not include home entertainment such as media streaming.

How the Regions Prestige Visa Signature Credit Card Stands Out

The Regions Prestige Visa Signature card stands out as a strong and versatile rewards card. With 2x and 3x points for some of the categories you’re likely to spend the most day-to-day, plus an introductory APR and no annual fee, this card is a valid choice for a primary card – or a second card to use in conjunction. with one offering the best rewards in different categories.

Comparable reward card options

With so many cards competing for your business, it helps to have a side-by-side comparison of similar cards. Here’s how the Regions Prestige card compares to the US Bank Altitude Connect Visa Signature card and the Citi Premier card.

Visa Signature Regions Prestige Credit Card vs. US Bank Altitude Connect Signature Visa Card

U.S. Bank Altitude Connect Visa Signature Card offers 5x points on prepaid hotels and car rentals booked through the Altitude Rewards Center, 4x points on travel and gas, 2x points on groceries, restaurants and streaming and 1x point on all other purchases. It also has an introductory bonus of 50,000 points, but you’ll need to spend $2,000 in the first 120 days to earn it. The generous rewards and bonuses come at a steep price: the card has a $95 annual fee and a minimum APR that’s several percentage points higher than the Regions Prestige card.

Regions Prestige Visa Signature Credit Card vs.

You’ll need to spend $4,000 in the first three months, or more than $44 a day, to earn Citi Premier’s 80,000 point bonus. Worth $800, the bonus is generous even after taking into account the card account annual subscription. However, the APR is a few points higher than the Prestige card, and except for the travel category, the rewards aren’t that much better: 3x in restaurants, supermarkets, gas stations, travel on flights and hotels and 1x point on all other purchases. Also, there is no introductory promotional APR.

How to register

The Regional Bank’s credit card application process is a little different from the process used by most other card issuers. You can only apply for a card online if you already have a Regions current or savings account. Otherwise, you will need to call 800-734-4667 or visit a bank branch.

Have your Social Security number, address, and employment and income information ready when you apply.

Who is the Regions Prestige Visa Signature Card for?

The Regions Prestige card is ideal for someone looking to upgrade from a basic credit card to a rewards card, especially if they have a balance to transfer and can take advantage of Prestige’s introductory APR period. Although it’s not a credit card – you’ll likely need established credit to get it – Prestige might be easier to approve as there’s no minimum score requirement credit to qualify.

Final take

If you’re looking for a card to keep in your wallet all the time, the Visa Régions Prestige signature could be the right one – as long as you don’t spend a lot on travel. With no annual fee, a decent new member bonus and a promotional APR, this card is likely to satisfy most customers.

FAQs

Do you still have questions about the Visa Regions Prestige Signature credit card? These questions and answers might help you:

  • What is a Prestige card?
    • The Prestige Card is Regions Bank’s Visa Signature credit card offering.
  • What is the Regions Prestige Signature card?
    • Regions Prestige is a Signature Visa card that allows you to accumulate reward points with every purchase.
  • What credit score do you need for a Regions credit card?
    • Regions do not have a minimum credit score. It bases its credit decisions on credit reports from any or all of the three major credit bureaus and other factors.
  • Which card is better: Visa Signature or Platinum?
    • Visa does not offer a Platinum card in the United States. Platinum cards available to overseas users have similar benefits to Signature cards, so when both are available, one is not necessarily better than the other.

Information is accurate as of October 4, 2022.

Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.