I couldn’t see this posted anywhere but for $5 a year it is handy if you live in QLD and want to access discounts on fuel and Recpo.
You get your money back pretty quick.
The RACQ Lifestyle membership offers an affordable entry-level option for $5 per year, providing access to exclusive member-only discounts on RACQ products and services, fuel, groceries, and everyday purchases. Members also benefit from deals on experiences, theme park tickets, and accommodation, along with access to the RACQ Members Lounge at the Brisbane Entertainment Centre and chances to win concert tickets through competitions. With over 1.7 million members saving collectively on partner discounts, RACQ Lifestyle unlocks wide-ranging savings and perks across Australia for those without existing RACQ roadside assistance, insurance, or banking products.
From the linked page:
One of those products is RACQ bank - so open a free bank account and get free access to the RACQ Lifestyle benefits and discounts. Save $5/year!
However, you must be a QLD resident to open a bank account with them. If you're not a QLD resident, but are an Australian resident, you'll have to pay the $5/year fee to get RACQ Lifestyle.
Having insurance or a roadside assistance plan with RACQ also gives you free access to RACQ Lifestyle benefits and discounts.
This is already listed on the discounted egift cards wiki page.