Regions Prestige Visa Signature Card Review

Who is the Regions Prestige Visa Signature card for?

The Regions Prestige Visa Signature card is a great deal for its low price. With no annual fee but a handful of features, this card is a handy tool for any beginner cardholder or person on a budget. This card offers many chances at getting cash back, extra money everyone wishes they had. A fact worth noting is that this card is only available for those with excellent credit.

The 0% intro APRs make this card ideal for inexperienced cardholders and those planning to make a large purchase. This feature provides users with some flexibility in the first year of opening an account to help them adjust to the card.

In addition, this card also has many perks that make it a good fit for frequent travelers. Policies in place such as lost luggage insurance and rental car damage waivers make this card a necessity for anyone who travels often. 

The Prestige Visa Signature card is also a match for anyone who shops a lot digitally. This card offers innovative systems that enable you to pay using virtual wallets like Apple and Google Pay. This card’s future-forward privacy technology also ensures that your data and personal information are secure. If you value security, this card is one you can’t pass up.

Rewards Rate

The rewards rate for this card is modest. For every purchase made using your card, you can earn 1x bonus points. This rate is relatively low compared to other cards, but it still builds your points to claim that next reward. If you link the card to your Regions personal checking account and register for the Regions Rewards Multiplier program, you can earn 2x the points for every dollar you spend. Ultimately, the rewards rate on this card is slightly disappointing but can be made up for with the other attractive benefits.

Benefits

The Regions Prestige Visa Signature card has a variety of benefits that make it worth considering. These benefits can aid with making large purchases, smoothing out a trip, and keeping your data private. All cardholders also enjoy the extensive perks that come with holding a Visa card.

For starters, the Prestige Visa Signature card offers 0% APRs for purchases and balance transfers. This means that any balance transfers or late purchases will not accrue interest, at least for the first 12 months. This feature is especially helpful for anyone planning to make a large purchase. If you want to buy an expensive item but do not have the funds yet, you can pay for it in the next year for no extra charge. This 0% APR can also help beginner cardholders who are inexperienced in meeting monthly payments. If you accidentally miss a payment, you will not have to pay more for tardiness. However, this feature only lasts for the first 12 months of account opening, so any late payments after that will accrue interest at the regular APR of 12.99% - 22.99% depending on your creditworthiness.

Prestige Visa Signature cardholders also enjoy all the benefits that come with having a Visa card. Many of these aid in data privacy and security, such as the Visa Zero Liability Policy. This policy states that if an unauthorized purchase is made on your account, Visa will not hold you accountable, and will provide the services to help in fixing this problem. Furthermore, the card offers Regions LockIt, allowing you to block and unblock card transactions on the mobile app to keep your account secure. 

Visa also gives cardholders overdraft protection to avoid fees that may occur if your account balance dips below zero. Even more innovative is this card’s Contactless and Chip Technology, allowing you to pay with just one tap of your card rather than swiping. You can also link your card to Google Pay, Apple Pay, Samsung Pay, and LG Pay, for further shopping convenience.

Another intriguing perk is the Visa Signature Concierge, a complimentary service that helps you find tickets and reservations to sporting and entertainment events. This perk is great for anyone who enjoys seeing shows or games.

For those who travel often, many Visa benefits help contribute to a more enjoyable travel experience. These benefits include roadside dispatch, travel and emergency assistance, auto rental collision damage waiver, lost luggage reimbursement, and travel accident insurance. All of these perks help relieve stress in unfortunate situations that may occur during travel. For frequent travelers, these benefits may be the difference between a positive and negative trip.

Welcome Bonus

Unlike many other bank cards, this Regions Prestige card offers a decent-sized welcome bonus. Upon sign-up, new cardholders can earn 10,000 bonus points when they spend $500 or more in the first 90 days. This target isn’t hard to reach and makes the payout easily attainable. These 10,000 Region Relationships Rewards points can be redeemed for $100 in cash, or other qualifying rewards such as gift cards, jewelry, flights, and more. The potential of all these exciting rewards makes the Prestige card an enticing offer, especially for its lack of annual fee.

Annual Fee

One of the larger perks of this card is its zero annual fees. Cardholders can enjoy all the benefits that come with this Visa card for absolutely no charge. This feature makes this card an ideal choice for those on a budget and hoping to save money. Coupled with the cash back potential, this card can be a true wallet saver if used correctly.

Furthermore, the Prestige Visa card doesn’t have any foreign transaction fees. This means that cardholders can use their card freely all around the globe without fear of being charged miscellaneous fees. For those who enjoy traveling and use the travel benefits this card offers, this zero foreign transaction fee feature is a must-have.

Conclusion

The Regions Prestige Visa Signature card is a must-have for any frequent traveler, inexperienced credit cardholder, or student with a tight wallet. The benefits that come with no extra charge are attractive to everyone. However, the low rewards rate of this card is a potential drawback, so applicants should carefully consider both positives and negatives before signing up.

You can apply for the Regions Prestige Visa Signature Card online here.