Posted by Chuck on February 14, 2017
Credit Cards

Published on February 14th, 2017 | by Chuck

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BBVA NBA 5% Cash Back on All Purchases this Weekend [Feb. 17-19] + Spending Tips

This Friday through Sunday (2/17-2/19), the BBVA card offers 5% cash back on up to $5,000 in purchases.

Background

The BBVA NBA card offers 5% cash back on all purchases during NBA All-Star weekend and during the two week of NBA finals

The 5% cash back used to be uncapped, but starting 2017 it has a cap of $5,000 in purchases per period. Going forward, we can max this out by spending $5,000 and getting $250 back during All-Star weekend, and another $5,000/$250 during the Finals.

The BBVA NBA card is no longer available for signups, but many of us already have the card and can continue taking advantage of the 5% offer.

Exact Dates

The exact dates for the 5% period for All-Star 2017 are February 17th, 18th, and 19th. It begins with EST and ends with PST, 75 hours total.

 

Spending Tips

Here are a few ideas to max out the $5,000 in spend:

  • Buy Visa gift cards at CVS or Simon Mall. Net around 4% after the fees if you have an easy liquidation method.
  • Pay your federal tax bill for a 1.87% convenience fee. Net ~3.2%. Federal tax payment
  • Pay out your bills for the year. Some ideas are insurance, utilities, and tuition if they allow using an Amex. Net an extra 3% on what you’d get had you paid the bill with a 2% card.
  • Use Plastiq to pay any bill which you can’t typically be paid with credit for a 2% convenience fee. Examples include things like mortgage, rent, loans, and some insurances or utilities which don’t take credit card. Net ~3%. Update: @AKCuse23 tells us that last time around BBVA did not honor the 5% for Plastiq payments. Other comments to this post indicate that it’s YMMV depending on the payee.
  • Add your own ideas in the comments.

In previous promotions, the following things worked for me to get 5x: federal tax payment (pay1040), Geico, Raise, Cardpool, target.com (with and without Paypal), and a Rite Aid store purchase.

Online Spend

One thing to keep in mind is that for online orders, the charge isn’t always considered as having been done on the date of purchase, depending when and how it’s processed. This is compounded by the fact that two of the three promo days are non-business days when orders are less likely to be processed.

Any purchase swiped in a store should be fine all the way until the deadline. If you want to try an online order, definitely do it as early as possible, like Friday morning.

Things like paying taxes are less risky, despite being done online, since there isn’t really any processing time (no goods to be shipped, etc.) so that will hopefully work even if it’s done on that last day. Still safer to do it as early as possible.

As for using Plastiq, my recent experience was that I paid my health insurance via Plastiq late at night on February 8, and Plastiq sent me an email on February 12 that the payment was sent. On my credit card statement, it shows the charge as posted on February 9. So I’m guessing Plastiq payments will be fine if done on Friday. Not sure what will happen if it’s done on Saturday or Sunday.

Final Thoughts

The new $5,000 limitation which now goes into effect obviously makes the card less exciting. For those of us who have the card, it’s worth trying to rack up $5k in spend and get what we can.

If you’ve had trouble getting the 5% back on any specific purchase during previous promos, please let us know in the comments so we’ll know what to avoid.



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Mimi
Mimi

I called bbva customer service last Friday to clarify if purchases at WM works for the 5% and I was told that with the $5000 cap, I will earn 5% up to that amount on ALL purchases anywhere. It is easier for me to liquidate the GCs instead of buying from the drugstores so that makes it easier for me.

ABC
ABC

Just be aware of fraud alerts if you make many purchases. GCs at WM can only be done 500 at a time.
>90% of my BBVA purchases have been blocked because of fraud alert.

Mimi
Mimi

I have bought up to six $500 VGCs several times now at WM in one transaction without issues. At my go-to WM, they have changed the rules as of last quarter last year to allow multiple GCs in one transaction. I’m not sure it’s YMMV but you can always try if you haven’t done so.

as to fraud alerts, I found that calling prior to shopping has helped me the last round so as not to get the fraud alerts. June 2016 was the last one w/o a cap, I made sure to max my CL without cycling, and paid it all by statement cut off.

JP
JP

That’s what I am worried about. Well annoyed more than worried. BBVA tries to put brakes on these weekends by unnecessary fraud alerts. You will have to call them each time and frankly its embarrassing and makes you look suspicious at checkout line.

dan
dan

if SM is around, s/b lower cost than WM & CVS, correct?

The Value Traveler

You can call ahead of time and place travel alerts….also helps to ‘groom’ in the card before the big spends to allow time for their computers to see spending patterns. If you have sock drawered this card since last June, you will defly get fraud alerts…

stvr
stvr

Is it still 6% at grocery stores or did they fix that glitch

CtownBin
CtownBin

I’m almost positive they fixed it last year

Sid
Sid

I pay car insurance 6 months at a time and I’ll be renewing that

CtownBin
CtownBin

Even though online purchases are a bit tricky- do we think we’ll have a problem loading Serve all 3 days? I guess I’m hopeful that since there are no products to be shipped- even a load on Sunday will have the correct transaction date tracked and will get the 5%. Anybody try this last year?

calwatch
calwatch

OK, I logged onto Triple Double Rewards and found that Plastiq for Capital One Home Loans posted as 5X. While I was thinking of paying property tax, if this is the case then I will save that for another time and use it on Capital One again.

Jacob
Jacob

Any data points from last year about buying VGC on the portals? I understand about timing the purchase so it is posted in the window. But anyone have any experience from the last time around about whether the online purchase via a portal will satisfy the spend requirement?

John
John

I paid my Wells Fargo mortgage through Plastiq last year and they did NOT give me 5x points on that…

Jessica
Jessica

Anyone try Venmo last year?

Ray
Ray

I did $2.5k through Venmo last year and it worked without hassle.

jim
jim

so does paying federal taxes using pay1040 work and the issue is just when you use plastq to pay the taxes? Will it post for the all star weekend if paid on saturday? Can one pay estimated taxes for 2017 tax year now?

Peter V.
Peter V.

If I read the conditions correctly, gift card purchases do not qualify for this promo.

https://www.bbvacompass.com/tripledoublerewards/terms.jsp

JoNellie
JoNellie

i made a little more than $5000 in purchases on Friday before 8pm but $0 has posted to my account by Monday at 12:30. Property taxes online and 4 different retail stores (in-store purchases) I got fraud detection alert only on my last purchase, but I called from the store, cleared it and remade the purchase right away. All charges are showing as “approved” on 2/17 if you did into their website a little, but not posted. Anyone else having issues with slow posting? Am I going to be screwed by the late posting date?

Mr. PTM

Monday was a federal (i.e. banking) holiday, so I’d guess that’s why. As of this morning, 2/21, my Friday purchases have posted.

jacob
jacob

So is the “deadline” the transaction date or the post date? I also bought on Feb 17 but it posted only 2/20 Federal Holiday or not. Will they give me the 5X or not?

Ben
Ben

Where do you actually redeem the points for cash? The website is primitive.

Mark
Mark

When do the rewards post?

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