BBVA Compass has sent out NBA checking account holders a letter stating that on June 28th, 2017 their NBA checking account will be converted to a ClearConnect Checking account. In September account holders will receive a new debit card that does not include an NBA team logo. On June 30th, 2017 the BBVA Compass Online and Mobile Banking will no longer have the option to customize your profile with an NBA sports team.
The reason we care is that BBVA Compass offers the BBVA Compass NBA card that earns 5% during the finals and also all star weekend (there is a 5% period at the moment thanks to the finals). Recently they discontinued applications for this card and given this NBA checking news it’s clear that BBVA and NBA are parting ways.
I can’t imagine that BBVA will product change the NBA cardholders to another card that has 5% periods and whoever ends up with the NBA banking affiliation is unlikely to purchase the backbook from BBVA and offer the same promotion. Unfortunately it looks like the 5% everywhere days are gone after this finals period. All good things come to an end.
In more positive news let’s hope that whoever gets the NBA credit card issuing rights does something interesting with them. Given the state of the NFL cards and a lesser extend MLB cards I’m not that hopeful.
Hat tip to reader Santiago C
