BB&T Spectrum Cash Rewards Secured Credit Card review | finder.com
Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

BB&T Spectrum Cash Rewards Secured Credit Card review

Last updated:  

Build your credit and earn cash back.

  • Get this card if you want a secured card to build your credit and earn cash back.
  • Pick something else if you don’t want to pay an annual fee.
  • Apply with a fair credit score for the best chances of approval.

Up to 3%

Cash back

$19

Annual fee

19.24%

Purchase APR (variable)

300

Recommended credit score

Details

Annual fee$19
Welcome Offer10% bonus for cash back deposited in your BB&T account
Rewards3% cash back on gas, 2% on utilities and groceries, and 1% on all other purchases
Purchase APR19.24% variable
Balance transfer APR19.24% variable
Recommended minimum credit score300
IssuerVisa

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

The BB&T Spectrum Cash Rewards Secured Credit Card is a solid option if you’re looking to build your credit. That’s because you get to earn 3% cash back on gas and 2% cash back on groceries and utilities, and you can get a 10% bonus if you deposit your cash back in your BB&T checking or savings account.

On the downside, your 3% and 2% cash back are capped at $1,000 in combined purchases each month, after that, your rate reverts to 1% cash back. Also, you can’t apply for the card online, and you’ll pay a $19 annual fee. The benefits of earning rewards and building credit can outweigh the drawback of the annual fee, however.

Overall, if you’re trying to build credit, the BB&T Spectrum Cash Rewards Secured Credit Card is worth considering.

How to apply for the BB&T Spectrum Cash Rewards Secured Credit Card

Unfortunately, you can’t apply for this card online. Here’s how to apply for this card:

  1. Locate a bank branch or call 800-226-5228.
  2. Follow the instructions and provide all the required information.
  3. Submit your application.

Card benefits

  • Cash back. Earn 3% cash back on gas and 2% cash back on groceries and utilities on up to $1,000 in combined purchases each month. After that, and on all other purchases, earn 1% back.
  • Cashback boost. Get an additional 10% cash back when you redeem your rewards into your BB&T checking or savings account. This turns your 3% and 2% cash back into 3.3% and 2.2%.
  • Build credit. BB&T reports your card activity to all three credit bureaus — Experian, Equifax and TransUnion. With responsible credit card use, you’ll build your credit in no time.
  • No penalty APR. If you miss a payment, you won’t accrue a penalty APR, which on similar cards can be up to 32%.

What to watch out for

  • Annual fee. Pay a $19 annual fee to own this card.
  • Foreign transaction fee. If you use this card abroad or online with a foreign merchant, you’ll accrue a fee — 3% the amount of your purchase.
  • Secured card. To use the card, you need to make a secured deposit first.

Compare cashback credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Blue Cash Preferred® Card from American Express
$300 after spending $3,000 in the first 6 months
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Terms apply, see rates & fees
Blue Cash Everyday® Card from American Express
$200 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
This everyday cashback card offers a higher than average welcome offer for no annual fee, letting you earn $200 after you spend $1,000 in the first 3 months. Terms apply, see rates & fees
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
$0
This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.
loading

Compare up to 4 providers

Bottom line

The BB&T Spectrum Cash Rewards Secured Credit Card is an excellent option for anyone looking to build or rebuild their credit. For a $19 annual fee, you get access to a solid rewards program, a decent APR and a chance to build your credit.

But if you think another card could suit your financial situation better, compare other secured credit cards or other BB&T secured cards until you find the right one.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site