Regional Australia Bank Your Choice Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question 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 3.5%.

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.