Regional Australia Bank Platinum Rewards credit card

Last updated: Jul 14, 2020

Earn Qantas Points and enjoy Visa Platinum perks while saving on fees.

The Regional Australia Bank Platinum Rewards card offers Qantas Points per $1 spent on retail purchases and a platinum concierge service. On top of that, your annual card fee will be waived if you hold a Partnership Advantage home loan with the bank.

19.99% p.a.

Purchase rate

0.75

Reward points

Per $ spent

$195 p.a.

Annual fee

45 days

Interest free period

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Details

Product Name	Regional Australia Bank Visa Platinum Rewards Credit Card
Rewards program	Qantas Frequent Flyer
Balance transfer revert rate	Cash Advance Rate (19.99% p.a.)
Purchase rate	19.99% p.a.
Annual fee	$195
Interest-free period	45 days
Cash advance rate	19.99% p.a.
Min credit limit	$6,000
Card type	Visa
Foreign currency conversion fee	2%

Available to temporary residents	No
Joint application	No

Pros

Waived annual fee if you hold a Partnership Advantage Home Loan
Free additional cardholders
Complimentary travel insurance and platinum concierge

Cons

Offers up to 45 days interest-free, compared to other cards with 55 days

Rewards program	Qantas Frequent Flyer
Rewards points per $ spent	0.75

Annual fee	$195
Minimum monthly repayment	2.5% of the closing balance or $20, whichever is greater
Late payment fee	$0
Foreign currency conversion fee	2%
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Regional Australia Bank Visa Platinum Rewards is a Qantas Frequent Flyer credit card that offers 0.75 Qantas Points per $1 spent, with a $10,000 monthly cap that means you can earn a maximum of 7,500 Qantas Points per month. It also offers 1 additional point per $1 for eligible spending with Qantas. But a highlight of this card is that it gives you a bonus 10,000 Qantas Points for each year you keep the account open and in good standing

This card offers a platinum concierge service, but does not include complimentary insurance or any other perks you might expect on a platinum card. Considering its $195 annual fee, you would need to rely on the value of the Qantas Points you earn to balance out this cost – unless you’re eligible for the annual fee waiver that’s offered to Partnership Advantage home loan customers.

How to apply

Applying for the Regional Australia Bank Visa Platinum Rewards credit card can be an easy online process which takes only a couple of minutes. You could alternatively also call 13 20 67, but make sure you meet the following eligibility requirements before applying.

Eligibility criteria checklist

How old are you? You must be 18 years or older to apply.
Are you an Australian citizen? You must be an Australian citizen or permanent Australian resident.

Do you have good credit history? Good credit standing is generally required. This means that you must not be an undischarged bankrupt or have any outstanding payment defaults or judgments.

Required documents

When filling out the application form, you will need to provide specific information and certain documents to support your application. Providing these details correctly can help hasten the application and approval process.

Personal information. This includes general information like your first, middle and last names, birth date, residential and postal addresses, email address, contact numbers, driver's licence number and Tax File Number. You will also need to include your residential and marital status, as well as details of any dependants.
Employment details. This covers your current job, salary, length of employment, employer's contact details, as well as previous employment history.
Financial details. You will need to provide details of any other income sources and assets, existing loans, credit cards or overdrafts, as well as living and housing expenses.
Documents. You may be asked to provide documents for identification verification purposes including your driver's licence, passport or Medicare card. You may also need to provide other documents such as salary or income statements, and bank or loan statements.

Card benefits

Earn Qantas Points. Earn 0.75 Qantas Points per $1 spent on eligible purchases (capped at $10,000 per statement period), and 1 bonus point per $1 spent at the Qantas Store or qantas.com. Eligible purchases exclude balance transfers, cash advances, BPAY transactions and purchases made while the account is in arrears.
Annual 10,000 bonus Qantas Points. To collect the Regional Australia Bank 10,000 bonus points each year, you need to keep the account in good standing throughout the year. This includes not letting the account go into arrears at any time during your 12-month membership year. When you meet the eligibility requirements, the 10,000 points will be added to your monthly rewards balance in month 11 of your first membership year, then on each following 12-month anniversary.

Visa Platinum concierge services. Enjoy the luxury of 24/7 Visa Platinum concierge services wherever you are in the world. Your concierge can help you with anything from booking flights to securing restaurant reservations or organising your dry cleaning.
Waived annual fee. Your $195 annual fee will be waived if you have an active Partnership Advantage home loan under the same member number at the time this fee is due.
Free additional cardholders. You can accumulate points faster and manage multiple spending under the single account when you request additional cardholders.
Interest-free days on purchases. Enjoy up to 45 interest-free days on purchases as long as your account balance is paid in full and on time each statement cycle.

Rates & fees

Purchase and cash advance rate. The Regional Australia Bank Visa Platinum Rewards card has a purchase and cash advance rate of 19.99%
Annual fee. This card has a standard annual fee of $195.

Over limit fee. If your spending exceeds your credit limit, you'll be charged a $12.50 over limit fee.

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Regional Australia Bank Platinum Rewards credit card