We’ve known that the BBVA NBA Amex cards will be replaced this month with some sort of generic BBVA Amex card. It’s now become apparent that the new card will be a straight 1.5% cash back everywhere card. The new earnings rate will begin on November 17, 2017. Until that time, I assume it will remain with the current 1% earn.
Reddit user Mtn_nut got a letter from BBVA about the new card (seems like it came along with the new card):
1.5% cards aren’t interesting in the 2%+ world that we live in today. As far as we can tell, there won’t be any sort of 5% categories on the card, just flat 1.5%.
I wouldn’t signup for the card now. Since I already have it, I’ll keep it as a no-fee Amex card for use on Amex Offers. The BBVA card will also give you access to select BBVA Offers (similar to Bank Amerideals offers) which might even be able to stack occasionally with Amex Offers when there’s a deal on both for the same vendor.
