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Regional Australia Bank Visa Platinum Rewards Credit Card
Regional Australia Bank Visa Platinum Rewards Credit Card

Regional Australia Bank Credit Cards

Regional Australia Bank Visa Platinum Rewards Credit Card

Updated 5 August 2020

Points Earn Rate (per $1 spent)

0.75

points

Qantas

Rewards Program

Qantas Frequent Flyer

Bonus Points

N/A

0 points over 12 months spend

My monthly card spend

Pros and cons

  • Complimentary Qantas Frequent Flyer membership
  • Earn 0.75 Qantas Points per $1 spent on eligible purchases. Up to $10,000 per statement period
  • Complimentary Travel Insurance
  • Free additional cardholders

  • High interest rate

Creditcard.com.au review

Editor Review

Regional Australia Bank Visa Platinum Rewards Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Regional Australia Bank Visa Platinum Rewards Credit Card

Allowing cardholders to stack up points on the Qantas Frequent Flyer program, the Regional Australia Bank Visa Platinum Rewards Credit Card offers a decent everyday earn rate capped at $10,000 per month. Cardholders can also enjoy complimentary Qantas Frequent Flyer membership, plus a few platinum extras, including insurance cover and a concierge service.

What we love...

Choosing this card, cardholders can earn Qantas Points on their everyday card spending, with an earn rate of 0.75 Qantas Points per $1 spent on eligible purchases. While you can only earn points on the first $10,000 you spend on the card each month, you can pick up an additional 1 bonus Qantas Point per $1 spent on selected Qantas spending.

If you are not yet a member, you can benefit from complimentary Qantas Frequent Flyer membership simply by signing up for this card, providing a saving of $99.50. This can get you on your way, as you accumulate points that can be redeemed within the extensive Qantas program. You could use your points to cover your next overseas trip, or you could pick up something special from the Qantas Store or from Qantas Wine.

Aside from rewards, the card also provides some nice platinum extras. These focus on insurance covers, offering overseas travel insurance, global hire car excess waiver, domestic flight inconvenience insurance and purchase security insurance. Check the PDS to find out more about how to activate this cover, and what limits and exclusions may apply.

Another platinum perk on this card provides cardholders with 24/7 access to Visa's worldwide Platinum Concierge service. No matter where you are in the world, you can call up this concierge to ask for assistance with anything from directions to the nearest embassy, to theatre recommendations and restaurant reservations.

So, what should you expect to pay for the Regional Australia Bank Visa Platinum Rewards Credit Card? As a platinum rewards card, it’s no surprise it comes with a substantial annual fee. That’s just par for the course with these cards. What matters is whether you find value in the card. That means getting more back in rewards and extras than you pay out on that annual fee.

It is worth mentioning that you can add additional cardholders to the account at no extra cost. This could help you earn points faster, with more cards out there racking up points. Bear in mind that the $10,000 monthly spending cap still applies. Also, if you have a Partnership Advantage Home Loan, your annual fee will be waived.

What’s not so great...

Just as you expect annual fees on this type of card to be substantial, you also expect interest to be high. With its relatively high interest rate, the Regional Australia Bank Visa Platinum Rewards Credit Card is not a card you want to carry a balance on. Instead, pay off your balance each month to take advantage of up to 45 days interest free on purchases and keep your interest costs at zero.

Why should you choose this card?

As a Qantas Point earning card, the Regional Australia Bank Visa Platinum Rewards Credit Card may be the card for you if you want to earn Qantas rewards on your everyday card spending. However, you should take into account the monthly spending cap and the card’s annual fee to make sure it offers you value.

If you are a keen traveller, the Qantas program could take you places, as you earn a maximum of 90,000 Qantas Points per year on this card (not including bonus points). The card’s complimentary travel cover could also come in handy as you travel, saving you time and money on standalone policies.

Overall Rating

The Regional Australia Bank Visa Platinum Rewards Credit Card earns Qantas Points on everyday spending, with platinum extras such as insurance cover and a concierge service thrown into the mix.

User reviews

Regional Australia Bank Visa Platinum Rewards Credit Card ( based on 1 Creditcard.com.au user review )

57% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

Cash advance rate 19.99% p.a.

Interest free period on purchases up to 45 days

Credit limits

Minimum credit limt $6000

Maximum credit limit N/A

Fees & repayments

Annual fee $195 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee $0

Rewards and points

Rewards program

Rewards Program Qantas Frequent Flyer Qantas Frequent Flyer

Bonus points N/A

Annual points cap 120,000

Bonus points spend criteria N/A

Earning points with this card

Qantas Rewards points 0.75 points per $1 spent

Points cap per month $10,000 per statement period

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Complimentary Qantas Frequent Flyer membership

Overview

Regional Australia Bank Visa Platinum Rewards Credit Card

Key features

  • Complimentary Qantas Frequent Flyer membership
  • Earn 0.75 Qantas Points per $1 spent on eligible purchases. Up to $10,000 per statement period
  • Complimentary Travel Insurance
  • Free additional cardholders

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Resident or Australian Citizen

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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