Regions Cash Rewards Visa Card

Who is the Regions Cash Rewards Visa card for?

The Region Cash Rewards Visa card is an excellent offering for those looking to be freed from interest payments on existing accounts and future purchases. With a generous offering of 0% intro APR on purchases and balance transfers for 12 months, cardholders can avoid paying additional interest on debts and new possessions. This fantastic benefit comes with a $0 annual fee, making unnecessary payments a thing of the past. 

Unlike other cards that offer 0% intro APR on balance transfers and purchases, the Regions Cash Rewards Visa card offers a 1.5% cash back rate. With the added cash back, cardmembers can stay assured that they are getting the full value of holding a credit card as a cash back program is rarely to be seen in cards that offer 0% intro APR.

A 0% APR on purchases and balance transfers combined with a rewards program, all for the cost of $0, is a dream come true for all those looking to save money. 

0% Intro APR on Purchases and Balance Transfers

The Regions Cash Rewards Visa card comes with an intro APR of 0% for both balance transfers and purchases for 12 months. This makes it a great choice for those wanting to avoid having to pay interest payments on their existing debt such as auto loans, student loans, home loans, and even personal loans. Also, this is great for those looking to purchase new items that they may not have the cash on hand to fully finance. With growing debt and necessary purchases to be made, the Regions Cash Rewards Visa card proves to be a handy tool.

To take advantage of the 0% APR , prospective cardmembers should keep in mind that their balance transfers need to be posted within 60 days of their account opening. You should plan ahead of time which debts you want to have transferred and act quickly because the transfer process can be lengthy.

After the introductory period of 12 months, cardmembers are subject to a variable APR on balance transfers and purchases which can be as high as 23.99%. With this in mind, cardholders should be keen on using the 12 months introductory period to its full advantage. 

Loss of the introductory APR on balance transfers and cash transfers is possible if you make a late payment. Thus, it's important to at least pay the minimum balance by the due date if you can't afford to pay off the entire monthly payment, to avoid losing the 0% APR. On top of losing your 0% intro APR, you could be subjected to a penalty APR which be as high as 28.99%.

Credit cards such as the Regions Cash Rewards Visa card and others that offer 0% intro APR on purchases and balance transfers, generally only accept good to excellent credit scores. Therefore, it's really important to be aware of your credit score before applying as credit applications can decrease your credit score every time you apply for a new card. This can prove to be detrimental to your credit rating as it takes 3-6 months for your credit score to return to where it was pre-application.

Rewards Rate

The Regions Cash Rewards Visa card offers 1.5% cash rewards on qualifying purchases. Your day to day purchases such as groceries and essential items can turn into a great amount of savings. Also, special promotions from time to time allow cardholders to earn additional cash rewards for certain types of purchases. With this, you can earn extra money for doing tasks and activities that you may already be doing. Additionally, you're automatically enrolled in this rewards program, so you can take advantage as soon as you receive your card.

You can redeem your cash rewards for either statement credit, check, or deposit it into your Regions account. With these redemption methods, you can choose to spend your savings any way you like and not be restricted to spend at certain outlets. It should also be noted that cash rewards can only be redeemed in increments of $25 and up to $500 per single redemption. For example, a cardholder with a cash reward balance of $600 can redeem $500 in the first redemption transaction and then redeem the remaining $100 in the second transaction. Further, cash rewards post to your account 10 days after the eligible purchase has been made.

The cash rewards earned from the Regions Cash Rewards Visa card, expire if they are not used within 48 months after they are earned. To claim your earned cash rewards, you must log in to your Regions Online Banking account and click the "Redeem Now" link.

Bonus Cash Reward

A bonus cash reward of $100 can be earned when your net qualifying purchases total $500 or more in the first 90 days of your card being opened. On top of this bonus, you can also earn 1.5% cash rewards on each qualifying purchase made, so you can gain even bigger savings. The cash reward will be awarded at the end of the 90-day period.

Protections

This card comes with Visa's Zero Liability Policy which makes sure that you’re not responsible for unauthorized transactions on your credit card. Any fraudulent activity with your card whether that be through online or in person, won't hold you accountable. Your card would be replaced immediately it is compromised and you would receive credit for unauthorized transactions. When you need to use this feature, all you have to do is contact Regions Bank.

To further secure you from unauthorized transactions, this card has Region’s LockIt feature. With this benefit, you can easily block certain transactions through Regions Online Banking or through the Regions mobile app. For example, ATM, online transactions, and in-store purchases can all be blocked and unblocked using this feature. This is a great addition for those times when you may misplace your card and need to lock transactions until you can find it or are able to report the incident. Even if you just want to stop impulse shopping, you can easily block and unblock certain types of transactions.

With this card's purchase security service, you will be protected on your purchases if they are made with your Regions Cash Rewards Visa card. You are covered for up to 90 days from the date of purchase. You can be compensated up to $500 per claim and $50,000 per cardholder. Such events like theft, damage due to fire, vandalism, and many other scenarios are covered under this great benefit.

Benefits

This card comes with no foreign transaction fee, a great addition for traveling abroad. When in foreign countries, currency conversions can be expensive, and transaction fees can only add to that worry. With the Regions Cash Rewards Visa card however, you can enjoy your vacation without paying unnecessary fees.

Visa Signature Concierge is a complimentary service that this card offers and is available 24 hours a day to help you find tickets to events or assist with restaurant reservations. For example, your favorite sports or entertainment events can be reserved with guidance from this service.

Extended warranty coverage enables you to receive double the warranty on your purchases for up to one year. Eligible warranties that are three years or less are qualified to receive an additional 1-year warranty. For example, a warranty of seven months can be extended to a total of 14 months of coverage. However, a warranty of three years turns into a total warranty of four years. This benefit is limited to no more than the original price of the purchased item minus shipping and handling, up to a maximum of $10,000 per claim and $50,000 per cardholder. Your expensive purchases can instantly be insured for a longer period with no extra cost.

Roadside dispatch provided by this card, allows you to use a pay-per-use roadside assistance program. This program offers services such as tire changes, jump starts, fuel delivery, towing, and much more. When on your long road trips, you can rest assured knowing that you have this service only a call away.

Travel and emergency assistance services come included with this card to prevent issues when away from home. The travel and emergency assistance services connect you to the appropriate provider, all costs that the providers of those particular services charge are your responsibility. The ability to call one place and be referred to for a wide array of matters for free, is a priceless service. Travel and emergency assistance are provided on a variety of needs, such as:

• Emergency Translation Services
• Medical Referral Assistance
• Legal Referral Assistance
• Emergency Ticket Replacement
• Lost Luggage Locator Service
• Lost Luggage Reimbursement

Along with the many perks provided by this card, the auto rental collision damage waiver reimburses you for damages caused by theft or collision. This waiver covers you up to the value of qualifying rental cars. This benefit however, covers no other type of loss besides theft or collision. For example, damage to another vehicle or property is not covered. Qualifying rental periods are 15 consecutive days within the U.S and up to 31 consecutive days outside of the U.S. 

Lastly, travel accident insurance is provided if the entire fare of the common carrier is charged on to your Regions Cash Rewards Visa card. Such insurance is charged heavily by insurance companies but the ability to enjoy this for free makes this very a generous offering.

Conclusion

This card is best suited for those looking to make the most out of the 0% introductory APR on balance transfers and purchases. With the ability to be worry-free about interest payments for an annual fee of $0, cardholders can enjoy maximum benefits. Another great factor that sets this card apart from those like it is the fact that it provides rewards. While the rewards rate isn't extraordinary, the fact that it's included is quite a bonus in itself. Therefore, this card can be used not only to be taken advantage of if it's 0% intro APR but also for its cash back program. While this card doesn't offer any other types of rewards or bonuses, it can be a great go-to for those looking for a simple yet worthwhile credit card.