Is Regions Bank Preferred Line of Credit the right fit for you?
Last Updated: 04/18/2025
Community Recommended Products
View AllSponsored
Strongly recommended24 Reviews
Learn More
Strongly recommended6 Reviews
Learn More
Strongly recommended7 Reviews
Learn MoreCompare All Personal Lines of Credit
Filter & compare all your options in one place.
Highlights
Amount Range
$3,000 - $50,000
APR (Variable APR)
8.74% - 18.74%(Verified 06/21/2024)
Disclaimer popup with additional information
Regions Bank Preferred Line of Credit Review
Regions Bank Preferred Line of Credit is offered through Regions Bank, a bank founded in 1873 and based in Huntsville, AL. Regions Bank line of credit are available in 15 states.
Regions Bank Preferred Line of Credit FAQ
What APRs does Regions Bank Preferred Line of Credit offer?
Regions Bank Preferred Line of Credit offers a variable APR that ranges from 8.74% APR up to 18.74% APR. Rate is quoted with autopay discount*.
Does the Regions Bank Preferred Line of Credit charge an origination fee?
No, Regions Bank Preferred Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does the Regions Bank Preferred Line of Credit charge a cash advance fee?
Yes, Regions Bank Preferred Line of Credit may charge a fee . starting at $10Does Regions Bank Preferred Line of Credit charge a late fee?
Yes, Regions Bank Preferred Line of Credit may charge borrowers a late payment fee of up to $29 .How much can you borrow via Regions Bank Preferred Line of Credit?
Upon approval and based on your credit worthiness, your Regions Bank Preferred Line of Credit personal line of credit will be assigned a credit limit of at least $3,000 and as much as $50,000. .
| Cash Advance Fee | N/A |
| Origination Fee | No |
| Prepayment Fee? | No |
| Late Payment Fee | $29 |
| Statement Balance Fee | No |
| Billing Cycle Charge | No |
What do you need to qualify for Regions Bank Preferred Line of Credit?
Applicants with a credit score of at least 600 and up to 850 may be eligible for Regions Bank Preferred Line of Credit. Regions Bank Preferred Line of Credit does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Regions Bank Preferred Line of Credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Proof of income
- Driver's license or other government photo ID
- Proof of identity
- Proof of citizenship or residence permit
- Proof of residence
What is the estimated funding time for a personal line of credit via Regions Bank Preferred Line of Credit?
Regions Bank Preferred Line of Credit will typically fund personal lines of credit within 7 business day s of approval.Does Regions Bank Preferred Line of Credit report your account activity to credit bureaus?
Yes, Regions Bank Preferred Line of Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Regions Bank perform a hard credit pull?
Yes, Regions Bank line of credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Regions Bank Preferred Line of Credit
- Visit the Regions Bank Preferred Line of Credit website.
- Fill in the application form. You will typically need to provide general information such as your name, address, email address, Social Security Number, source of income and employment, and checking account information.
- Check the information is accurate and submit your application.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday9:00AM - 5:00PMTuesday9:00AM - 5:00PMWednesday9:00AM - 5:00PMThursday9:00AM - 5:00PMFriday9:00AM - 5:00PMSaturdayClosed
Other Services by Regions Bank
Business Loans
Be the first to rate
Auto Loans
4
11
16 Reviews
Other Personal Lines of Credit from Regions Bank
Rating not yet determined
Amount Range
$500 - $3.5K
APR
21.9%
Disclaimer popup with additional information
SuperMoney Net Recommendation Score
Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.
0
-1000+100
No one recommends
Everyone recommends
Regions Bank Preferred Line of Credit Community Reviews
Would you recommend Regions Bank Preferred Line of Credit to your friends?
LB
Lynda B.
Aug 7, 2023
May or may not recommend
We will see I haven’t even check it out how can I recommend anything. This question does not makes sense.
Showing 1 of 1 reviews