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Regional Australia Bank Your Choice Credit Card
Regional Australia Bank Your Choice Credit Card

Regional Australia Bank Your Choice Credit Card

Updated 25 March 2020

Purchase Rate (p.a)

14.69%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$40

$0

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Pros and cons

  • 14.69% p.a. on purchases. Reduced interest rate for Partnership Advantage Home Loan and Regional Australia Bank home loan customers
  • Free additional cardholder

  • No balance transfer offer

Creditcard.com.au review

Editor Review

Regional Australia Bank Your Choice 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 Your Choice Credit Card

As a basic, no frills option, the Regional Australia Bank Your Choice Credit Card is designed to help cardholders keep costs down with a low purchase rate, a low annual fee and up to 55 days interest free on purchases. Cardholders who have a home loan can enjoy further savings on this card, with a discounted purchase rate and annual fee.

What we love...

Essentially, the Regional Australia Bank Your Choice Credit Card is a low cost card. Keeping features basic, it focuses instead on lowering the costs associated with having a credit card, offering a low rate on purchases and a low annual fee. However, Regional Australia Bank offers a way to save even more on this card to customers who also have a home loan with the bank.

If you have a Partnership Advantage Home Loan with Regional Australia Bank, you will benefit from a 5% discount on the card’s standard variable purchase rate. If you have any other type of home loan with the bank, you will get a 3% discount on the card’s purchase rate.

So, why should you care how much your purchase rate is? When you carry a balance on your card – that is, when you don’t pay off your balance in full – that balance will attract interest according to the card’s purchase rate. So, if you frequently carry a balance, it only makes sense that you choose a card with a low purchase rate.

However, if you do manage to pay off your balance each month, you can look to save even more, paying nothing in interest on your purchases, thanks to the card’s interest free feature. On this card, you can benefit from up to 55 days interest free on purchases as long as you pay your balance in full by the due date.

As for the annual fee, this can also help to keep costs down if you choose a simple card such as the Regional Australia Bank Your Choice Credit Card, with a low annual fee. If you want to add an additional cardholder to the account, you can do so at no extra cost, and if you happen to have a Partnership Advantage Home Loan, you will pay no annual fee at all until your loan is paid off.

What’s not so great...

As we mentioned, the Regional Australia Bank Your Choice Credit Card is not overloaded with features. While this will appeal to some, it may not be enough for others. If you want to earn rewards or pick up some platinum perks, you may want to check out what’s on offer in our rewards card section.

Why should you choose this card?

With a $500 minimum credit limit, the Regional Australia Bank Your Choice Credit Card could appeal to smaller spenders, especially those who are looking to save on fees and interest. If you have a home loan with the bank – or you’re thinking of applying for one – this could make a nice duo, as long as both the home loan and credit card suit your needs.

As it is a Visa card, you can benefit from handy Visa features, including contactless payments using Visa payWave. You can also take advantage of worldwide acceptance via the Visa network, using the card at merchants and ATMs around the world. It’s also nice to see that this card has one of the lower currency conversion charges on international purchases, now at 2%.

Overall Rating

A low cost card, the Regional Australia Bank Your Choice Credit Card offers cardholders the opportunity to save with a low annual fee and purchase rate, up to 55 days interest free on purchases, and discounts for Regional Australia Bank home loan customers.

User reviews

Regional Australia Bank Your Choice Credit Card ( based on 1 Creditcard.com.au user review )

46% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 14.69% p.a.

Cash advance rate 14.69% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $40 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

Additional features

Complimentary insurance

International Travel Insurance No

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

Overview

Regional Australia Bank Your Choice Credit Card

Key features

  • 14.69% p.a. on purchases. If you have a Partnership Advantage Home Loan the rate is 9.69% p.a. With a Regional Australia Bank home loan the rate is 11.69% p.a.
  • $40 annual fee. Waived for Partnership Advantage Home Loan holders
  • Free additional cardholder

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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