Regions Bank Launches Secured Credit Card - Products News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Products » Regions Bank Launches Secured Credit Card

Regions Bank Launches Secured Credit Card

Regions Bank Launches Secured Credit Card
August
3
The content is accurate at the time of publication and is subject to change.

Regions Bank has rolled out the Regions Explore Visa Credit card for people looking to get their credit on track while also offering them access to some of the benefits and flexibility that goes in hand in hand with having a traditional credit card.

People with the Regions Explore Visa Credit Card secure the card with funds that are deposited into a special savings account, and their credit limit is tied to how much money they have in that account. This new offering is seen by Regions Bank as a way to give customers who have a hard time getting a traditional credit card more options.

“There are all types of needs, when it comes to borrowing money, building credit and managing your finances,” said Rajive Chadha, head of Regions Retail Products and Payments.

“The new Explore Card helps Regions expand our product offerings, and it provides an option for consumers who might not qualify for a traditional credit card,” he said.

How it works

People can apply for this card at their local Regions branch. To get started they must open an Explore Card Savings account, with a minimum opening balance is $250. The savings in this account is used to secure the card, and their credit limit is the same as the amount they have in their savings account.

There is an annual fee of $29 for this card, which is chip-enabled to increase security. Because it has a chip the card is inserted into terminals when shopping in brick and mortar stores rather than being swiped.

Fee’s and benefits

With the Regions Explore Visa Credit Card there are no transaction fees to wrangle with when traveling abroad.

This card also comes along with Visa’s Zero Liability Policy, so that people are protected against unauthorized purchases made in stores or online if their card or data is stolen, lost or used by cyber thieves.

To get more information people can visit the website.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Biometric Credit Card by Visa
Biometric Credit Card by Visa

Posted: January 18, 2018

Biometrics are here, and Visa has announced a new pilot program with Mountain America Credit Union and Bank of Cyprus offering customers at those banks the chance to try out a new EMV dual-interface payment card. This card has a chip and... Continue reading
Alaska Airlines Visa Signature Offer
Alaska Airlines Visa Signature Offer

Posted: May 04, 2017

Companion tickets can be a great way to have some company on your trip and save money, something that Alaska Airline is well aware of having made their... Continue reading
Alliant Credit Union Upgrading Rewards and Rolling Out a New Credit Card
Alliant Credit Union Upgrading Rewards and Rolling Out a New Credit Card

Posted: May 17, 2017

Alliant Credit Union has upgraded their Visa Platinum Rewards credit card, now people earn two points for every buck they spend, up from the one point they had been earning. Continue reading
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
For Excellent, Good Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!