The Regions Premium Credit Card has an offer going for 30,000 Relationship Rewards bonus points when you spend a minimum of $2,000 in the first 90 days. The Regions Bank says, their miles have a $300 value. Including the $125 annual fee, the welcome bonus will handle the cost of the credit card for two years. See our list for more offers such as the one from the Chase Sapphire Preferred Card.
The Regions Premium Visa Signature card offers a flat rate of 1.5x points on all daily purchases, which you can use for cash, travel, merchandise and more. While that rate isn’t extremely amazing, it receives a decent boost if you own an account at Regions Bank and meet deposit balance qualifications (more on that later).
If you are not able to pay $125 a year on a credit card, you’ll want to look into lower-cost credit cards instead.
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Regions Premium Card Quick Facts
|Bonus Available||Earn 30,000 bonus points when you make a minimum of $2,000 in purchases within the first 90 days of opening your account.|
|Ongoing Rewards/Benefits||Get unlimited 1.5 points for every $1 spent on all purchases.
Receive up to 1 extra point for every $1 spent on all purchases, based on certain balances in your Regions deposit accounts.
|Foreign Transaction Fee||No|
- Welcome bonus offered
- Relationship bonus offered
- No foreign transaction fees
- Annual fee
- Good-Excellent credit needed to qualify
- Low earning potential
- Minimum redemption requirements
- Rewards expire
- Limited availability
Editor’s Alternate Pick
The Chase Sapphire Preferred Card offers 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®!
You'll earn 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases. And when you redeem your points for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards, you'll get 25% more value!
This card carries a $95 annual fee.
Regions Premium Card 30,000 Bonus Points Offer
Make use of the Regions Premium card’s introductory offer of: 30,000 Relationship Rewards bonus points. Their Regions Bank site says that these 30k points are worth $300 when you cash them in.
You should charge a minimum of $2,000 to your card in the first 90 days of opening your account to qualify for the bonus offer
Here are some ideas on meeting the spending requirement:
|• Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review.|
|• Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank.|
|• Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay.|
|• Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees.|
What are Relationship Rewards Points Worth?
Compared to majority of the other rewards cards, the value of your points reflects on how you chose use them. According to Regions, each Relationship Rewards point is worth about $0.01. That’s equal to the industry average.
When your points are ready to redeem, you have a couple choices, including:
- Cash: starting at 25,000 points
- Travel: starting at 25,000 points
- Merchandise: starting at 2,800 points
- Gift cards: starting at 750 points
To receive high quality for your Relationship Rewards points, use them for cash redemptions. Keep in mind, the points you earned will expire within 48 months from the date you earned them.
Regions Premium Top Card Features
Using the Regions Rewards Multiplier, the more money you put into your deposit accounts, the more points your credit card purchases will receive.Using the Regions Rewards Multiplier, the more money you put into your deposit accounts, the more points your credit card purchases will receive.
|Tier||Average Balance||Extra Points||Rewards Rate|
|1||$15,000 – $30,000||0.25 point / $1||1.75 points / $1|
|2||$30,000 – $50,000||0.5 point / $1||2 points / $1|
|3||$50,000+||1 point / $1||2.5 points / $1|
Eligible deposit accounts include:
- Money market
There are no fees to join, but you have to register to collect all the bonus rewards.
Buy anything overseas without stressing over foreign transaction fees with the Regions Premium credit card.
Regions Premium Card Availability
The Regions Premium card is limited to certain locations, that includes:
- North Carolina
- South Carolina
The Regions Premium Visa Signature card is a great card to use if you already have accounts with Regions Bank. But its high priced annual fee and hardly any value-added perks will drive most customers away.
(Visit Regions Premium Visa for more details)
What's the Competition?
There are some top competitors to Regions Premium Visa Card below.
The British Airways Visa Signature Card offers 50,000 bonus Avios after spending $3,000 within the first 3 months. You'll have the opportunity to earn an additional 50,000 bonus Avios after spending $20,000 within your first year of account opening.
You'll earn 3X Avios for every $1 spent on British Airways, Aer Lingus, Iberia, and Level purchases & 2 Avios per $1 spent on hotel accommodations, plus 1 Avios per $1 spent on all other purchases.
This card comes with a $95 annual fee and no foreign transaction fees.
The American Express® Gold Card offers 35,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 3 months.
You'll have the opportunity to earn 4X Membership Rewards® points when you dine at restaurants worldwide & at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X); 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
This card has an annual fee of $250 with no foreign transaction fees. Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
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