Reviews Regions Prestige Visa Signature credit card review
Regions Prestige Visa Signature credit card review

Regions Prestige Visa Signature credit card review

Published: September 26, 2017
Advertiser Disclosure
Ratings Policy
No Annual Fee Rating:
1.8 rating
1.8 rating
1.8 / 5
Rewards Value: 0.2
Annual Percentage Rate: 3.7
Rewards Flexibility: 3.3
Features: 2.0

In a nutshell:

You can find far better rewards cards with no annual fee than the Regions Prestige Visa Signature card, which offers 1 point per dollar on general purchases plus a tepid bonus for the first 90 days.

Rewards Rate
1:1 general purchases

Sign-up Bonus
2 points for every purchase in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$172

APR
13.99-20.99%

Rewards Redemption
Pros

  • No blackout dates
  • You can use points for travel, events, gift cards, merchandise, and cash back directly to a checking account

Cons

  • Points expire after 36 months
  • You can only redeem points for travel through the Regions loyalty program
  • Poor values for most redemptions
  • Must collect a large number of points to redeem for travel rewards

Other Notable Features: Visa Signature benefits, concierge service, lost luggage reimbursement, fraud coverage, purchase security, overdraft protection

Rewards Rating:
1.9 rating
1.9 rating
1.9 / 5
Rewards Value: 0.5
Annual Percentage Rate: 4.0
Rewards Flexibility: 3.3
Features: 2.0

In a nutshell:

There’s not much to recommend this low-earning rewards card besides a few small bonuses for signing up for Regions Bank services.

Rewards Rate
1:1 general purchases

Sign-up Bonus
2 points for every purchase in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$172

APR
13.99-20.99%

Rewards Redemption
Pros

  • No blackout dates
  • You can use points for travel, events, gift cards, merchandise, and cash back directly to a checking account

Cons

  • Points expire after 36 months
  • You can only redeem points for travel through the Regions loyalty program
  • Poor values for most redemptions
  • Must collect a large number of points to redeem for travel rewards

Other Notable Features: Visa Signature benefits, concierge service, lost luggage reimbursement, fraud coverage, purchase security, overdraft protection

Travel Rating:
1.9 rating
1.9 rating
1.9 / 5
Rewards Value: 0.6
Annual Percentage Rate: 3.9
Rewards Flexibility: 3.3
Features: 2.0

In a nutshell:

Not only does the Regions Prestige Visa Signature credit card lack the appeal of a good rewards program, but you can’t even sign up online if you are not an existing Regions customer.

Rewards Rate
1:1 general purchases

Sign-up Bonus
2 points for every purchase in first 90 days

Annual Fee
$0

Average Yearly Rewards Value ($1,325 monthly spend)
$172

APR
13.99-20.99%

Rewards Redemption
Pros

  • No blackout dates
  • You can use points for travel, events, gift cards, merchandise, and cash back directly to a checking account

Cons

  • Points expire after 36 months
  • You can only redeem points for travel through the Regions loyalty program
  • Poor values for most redemptions
  • Must collect a large number of points to redeem for travel rewards

Other Notable Features: Visa Signature benefits, concierge service, lost luggage reimbursement, fraud coverage, purchase security, overdraft protection

As a rewards card, the Regions Prestige Visa Signature credit card takes the meaning of “no frills” to the next level. It comes with a meager sign-up bonus and a weak rewards program with a low rewards rate of one point on the dollar – a rate far surpassed by many if not the most rewards credit card programs out there. The much touted “Relationship Rewards Program” doesn’t offer any sizeable benefits for banking with Regions Bank.

Poor earning scheme
The Regions Prestige Visa Signature card comes with the most basic of rewards schemes: You get one point per dollar for all purchases. There are many no-fee travel cards on the market offering bonus categories that enable you to rack up extra rewards points, and even a few cards that come with a higher general rewards rate. If you are willing to dole out some money for an annual fee, you will find premium rewards cards that offer general rewards rates as high as 2 points per dollar.

Double rewards in the first 90 days
The card includes a modest sign-up incentive for new customers: You can earn double rewards points for the first 90 days of card ownership. For most cardholders who might make between $1,000 and $3,000 in credit card purchases per month this should barely register a blip in their accumulation of rewards points. A cardholder who can afford to put an exceptionally large amount of spend on the card in the first 90 days could potentially earn a large bonus. However, customers in most cases will find that there are better options on the market, including several general rewards cards that offer a double rewards rate on all purchases with no time limit.

Low value on rewards redemption
Like most rewards programs, redeeming points for merchandise yields the worst possible value. Travel rewards are a mixed bag – some airfares offer a higher value than others, with a low average value of 1 cent per point. Getting cash back at 1 cent per point is the most straightforward reward you can get out of the program.

Regions relationship rewards
If you are a current Regions banking customer and don’t mind signing up for additional services with Regions Bank, you can get some extra points. For instance, you get 250 points for signing up for mobile banking and another 250 points for online banking. You’ll also get 500 points for opening a savings or money market account, as well as ongoing bonuses and points for various banking activities. Although the points are on the small side, the incremental rewards may be worth it, even with the $10 annual fee that regions charges for participating in the program.

Short zero percent introductory offer
If you’re considering the Regions Prestige Visa Signature credit card for the introductory zero percent APR, be careful: The introductory period lasts only seven months, which is far shorter than offers from many other competitors. The 4 percent balance transfer fee is also higher than the typical 3 percent.

Reasons to get it:

  • You prefer a card with no annual fee and are fine a low rewards rate.
  • You prefer a card with Visa Signature benefits.
  • You have a relationship with Regions Bank.

How to use it:

  • If you are transferring your high-interest balances to the Regions Prestige Visa Signature credit card, make sure you can pay them off within the seven-month introductory period to avoid the regular interest rate. In addition, Regions charges a higher-than-usual, 4 percent balance transfer fee.
  • Redeem for cash back and avoid other redemption options.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.