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BBVA Rewards Card review

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This card is most useful if you qualify for the 2% rewards rate.

  • Get this card if you can qualify for card’s 2% rewards rate.
  • Pick something else if you want a signup bonus or tiered rewards.
  • Apply with a good to excellent credit score of 670 or higher.

$100

Welcome offer

Up to 2x

Points

$0

Annual fee

11.24% to 29.24%

Purchase APR (variable)

Details

Product NameBBVA Rewards Card
Card typeVisa
Annual fee$0
Purchase APR11.24% to 29.24% variable
Balance transfer APR0% intro for the first 13 months (then 11.24% to 29.24% variable)
Balance transfer fee$10 or 4% of the transaction, whichever is greater
Cash advance rate22.24% to 29.24% variable
Cash advance fee$10 or 4% of the cash advance amount, whichever is greater
Foreign transaction fee3% of the transaction value
Interest free periodUp to 25 days
Late payment feeUp to $37
Late payment fee conditionsUp to $27 if you were not charged a Late Fee during any of the prior six billing periods. Otherwise, up to $37
Returned payment feeUp to $20

Expert review

Kevin Joey Chen

Review by


Kevin Joey Chen is a credit cards writer whose work and analysis have appeared on CNN, U.S. News & World Report, The Dallas Morning News, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.

Expert review

The BBVA Rewards Card offers a 1.5% rewards rate, which is standard among its closest competitors. However, if you have a BBVA consumer checking account, and make monthly automatic deposits of $1,000 or more, your rewards rate will jump to 2% — a rate that few other no-annual-fee cards can match.

The perks

  • Annual fee: None.

    If you’re approved for the BBVA Rewards Card, you can start using it and earning rewards without paying a fee.

  • Intro APR: 0% on balance transfers for 13 months following your account opening.

    After that, your balance transfer APR will be 11.24% to 29.24% variable. The intro APR applies only to transfers you make within the first 60 days.

    This is a decent intro APR period, but you’ll find cards that offer 0% intro APR on balance transfers for up to 15 months. Furthermore, you might wish the BBVA Rewards Card offered an intro APR on purchases.

  • Rewards: Up to 2% rewards on all purchases.

    Each month you make at least $1,000 in direct deposits into your BBVA Compass deposit account, you’ll earn 2% rewards on all purchases for the next month. Without a qualifying monthly direct deposit, you’ll earn 1.5% rewards on all purchases.

    Rewards are redeemed for account credit.

How much rewards can I earn with the BBVA Compass Rewards Card?
You’ll get a lot more out of this card if you make direct deposits of at least $1,000 monthly into your BBVA Compass deposit account. Here are the rewards you might earn depending on your spending and rewards rate.
Yearly spendingRewards value, 2% rateRewards value, 1.5% rate
$5,000$100$75
$10,000$200$150
$15,000$300$225

You’ll also like …

  • Mobile app.

    The BBVA Compass mobile app lets you block your card easily if you lose it. You can also receive transaction alerts whenever your card is used.

  • Potentially low APR.

    You may receive a normal APR on purchases and balance transfers as low as 11.24% variable. This is a below-average interest rate, which is around 16%.

What to watch out for

  • High maximum APR.

    Your normal purchase and balance transfer APR could be as high as 29.24% variable. If you receive this extremely high APR, consider paying off your balance monthly to avoid accruing too much interest.

  • Must live in an eligible state to apply.

    To apply for this card, you must live in Alabama, Arizona, California, Colorado, Florida, New Mexico or Texas.

Compare no-annual-fee cards

Name Product Annual fee Balance transfer APR Purchase APR Filter values
Citi® Double Cash Card
$0
0% intro for the first 18 months (then 13.99% to 23.99% variable)
13.99% to 23.99% variable
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
CardMatch™ from creditcards.com
See terms
See issuer's website
See issuer's website
Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.
Citi Rewards+℠ Card
$0
0% intro for the first 15 months (then 13.49% to 23.49% variable)
0% intro for the first 15 months (then 13.49% to 23.49% variable)
Get rewards on gas and groceries with no annual fee. Ideal for everyday use, it's the only card that rounds purchases up to the nearest 10 points.
TD Cash Credit Card
$0
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
0% intro for the first 15 billing cycles (then 12.99%, 17.99% or 22.99% variable)
3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT
Amalgamated Bank of Chicago Platinum Rewards Mastercard®
$0
12.9% to 22.9% variable
0% intro for the first 12 months (then 12.9% to 22.9% variable)
Earn 5x points in rotating categories and $150 after spending $1,200 in the first 90 days
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Compare up to 4 providers

BBVA Select℠ Credit Card

What do customers say about the BBVA Rewards Card?

BBVA Compass does not have accreditation with the Better Business Bureau (BBB). The agency gives it a B-, in part because the bank has failed to respond to four complaints of its near 600 customer complaints. It has answered many of these — however, the BBB reports many of them have not yet been resolved.

According to some customers, BBVA has unresponsive customer service, long wait times to speak to representatives and an underperforming website.

What should I know before I apply?

The minimum age to apply for the BBVA Rewards Card is 18. You may apply if you live in one of these states:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Florida
  • New Mexico
  • Texas

Required information

Submit your contact information on the BBVA Compass website. Soon, a bank representative will call you with application details. Have the following information prepared:

  • Personal details like your address and contact information.
  • Financial details like your annual income and employment information.
  • Your Social Security number and mother’s maiden name.

What credit score do I need?

You’ll have increased odds of approval if you apply with a 670 to 850 credit score — what’s considered good to excellent.

How do I apply for the BBVA Rewards Card?

  1. Visit the BBVA Compass site.
  2. Click Request a call back. The page will jump to a contact form. Enter your name, contact details and address. Then, click Submit.
  3. Within a few business days, a BBVA Compass representative will call you. Before they do, prepare the necessary application information.

How long will it take to get my BBVA Rewards Card?

If you apply over the phone, you may get an immediate decision. BBVA Compass may need to review your application in more detail, in which case you may need to wait a few business days to a few weeks to hear back.

If you’re approved, it generally takes seven to 10 business days to receive your card and welcome materials in the mail.

I got the card. Now what?

  • Make payments online. On the BBVA Compass site, you can register for an online banking account. It’ll help you track your points and review your card balance. You can also set up automatic payments.
  • Avoid interest. After each billing cycle closes, you have a 25-day grace period to pay off your purchases. If you do, you won’t be charged interest.
  • Avoid fees. Foreign transactions, cash advances and balance transfers come with fees. For each returned payment, you’ll pay a fee of up to $20. For each late payment, you’ll pay a fee of up to $37.
  • Contact customer service. You’ll find the BBVA Compass customer service number on the back of your card. Alternatively, give a ring to 800-239-5175 or contact the bank by sending a message through its online Banking Account page.

How do I redeem rewards from the BBVA Rewards Card?

Redeem your points for account credit by visiting the BBVA Compass Points Rewards website or your Online Banking account. You can also redeem your points by calling 866-236-7960.

Bottom line

If you don’t qualify for the 2% rewards rate, the BBVA Rewards Card is similar to — or perhaps worse than — the best no-annual-fee options out there. If you have good to excellent credit you could qualify for a low APR.

Consider other no-annual-fee cards if you’re not sure the BBVA Rewards Card is right for you.

Frequently asked questions

Images: BBVA Compass

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