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The Offer
- BBVA is offering a bonus of 30,000 points (worth $300) after $2,000 in spend within the first 90 days on the BBVA Select credit card
Card Details
- Annual fee of $125 is waived in the first year. It’s also possible to get the annual fee of $125 waived if you maintain Premier Personal Banking status (although this requires you to have deposits of $100,000+ with the bank).
- You’re able to choose one 3x category and two 2x categories
- Categories (according to this page, although there seems to be a lot of conflicting information on the BBVA Compass website):
- 3x: Business, Retail, Health Care, Entertainment
- 2x: Travel, Gas & Healthcare
- No foreign transaction fee
- Receive a bonus 1,000 points every month you spend $5,000 or more in qualifying purchases
- $100 statement credit when you spend $20,000 or more in qualifying purchases in a year
- Offer available until October 4th, 2019
- Available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico
Our Verdict
Card is a bit complicated, for most people it definitely won’t be worth keeping after the first year due to the $125 annual fee. This card be offset by the $100 statement credit bonus when you spend $20,000 or more and the 1,000 ($10) points every month you spend $5,000+. For most people it won’t be attractive to earn only 3x as there are other cards that earn at a high rate, for example:
- Best credit cards for restaurants
- Best credit cards for grocery stores
- Best hotel credit cards
- Best gas credit cards
That being said the $300 bonus is interesting. One nice thing about BBVA is that they always pull TransUnion, for most people this is the least pulled credit report so that’s a positive. I’ll add this to our list of the best credit card bonuses. Standard offer on this card is $200, so this is an extra $100.
Hat tip to reader gato
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