RACQ Bank credit cards
In 1905, the Royal Automobile Club of Queensland was formed by a group of doctors, engineers and merchants.
Initially, RACQ was devoted to influencing legislation to make it safer for cars to be on the roads, which were dominated by horse-and-carts.
Since then, it has rapidly expanded and evolved into a membership club that offers a host of services including roadside assistance, insurance and banking.
RACQ has 1.67 million members in Queensland and assets worth more than $4.2 billion.
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Why choose RACQ Bank
RACQ Bank Credit Cards
About RACQ credit cards
RACQ offers a selection of credit cards to suit customers on a budget and also those who spend a moderate to high amount on credit and want to be rewarded for it.
RACQ has partnered with Citigroup to offer the following types of credit cards:
- Low-rate credit cards
- Platinum rewards credit cards
- Balance transfer credit cards
While the low-rate credit card offered by RACQ has a moderately low interest rate, the rewards credit card has a high interest rate. RACQ offers 0 per cent balance transfer deals on both of these credit cards, although conditions apply.
When it comes to fees, the RACQ low-fee credit card has a moderately low annual fee. The rewards credit card has a moderately high annual fee, but this can become moderate if a member also opts to open a bank account or take out a mortgage with RACQ.
RACQ credit cards review
RACQ caters for customers who spend a minimal or moderate amount on their credit card each month.
As well as offering a low-cost credit card that might suit those on a budget or possibly a pension, it also has a platinum rewards card that rewards customers for every eligible dollar they spend on credit.
The platinum rewards credit card has no cap and points never expire. Extra rewards points can be earnt when the credit card is used to purchase RACQ services like insurance.
This rewards credit cards has perks including:
- 24/7 concierge service
- Complementary travel insurance
- Extended warranty insurance
Interest-free days on RACQ credit cards are generally moderate.
Customers who sign up for a credit card with RACQ also automatically qualify for member perks such as:
- Up to 40 per cent off movie tickets
- Discounts on homewares and lifestyle products
- Savings at theme parks and entertainment
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