Redeem for Purchase gives you the option to select recent purchases made with your Regions Visa credit card and redeem your Relationship Rewards or Cash Rewards to cover the purchase as a statement credit.
You must have at least 2,500 points or $25 in Cash Rewards to use the Redeem for Purchase feature. You can select up to three purchases at once, as long as those purchases total at least $25.
The Redeem for Purchase statement credit reduces your outstanding balance by the amount of your redemption. Redeem for Purchase will not be applied as a payment; you must still make your monthly minimum payment.