Posted by William Charles on September 23, 2019
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Published on September 23rd, 2019 | by William Charles

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[Expired] [AL, FL, TX, AZ, CO, CA, NM] BBVA Select Credit Card – $300 Bonus + Build Your Own Rewards (3x)

Deal has expired, view more credit card bonuses by clicking here

The Offer

Direct link to offer

  • BBVA is offering a bonus of 30,000 points (worth $300) after $2,000 in spend within the first 90 days on the BBVA Select credit card

Card Details

  • Annual fee of $125 is waived in the first year. It’s also possible to get the annual fee of $125 waived if you maintain Premier Personal Banking status (although this requires you to have deposits of $100,000+ with the bank).
  • You’re able to choose one 3x category and two 2x categories
  • Categories (according to this page, although there seems to be a lot of conflicting information on the BBVA Compass website):
    • 3x: Business, Retail, Health Care, Entertainment
    • 2x: Travel, Gas & Healthcare
  • No foreign transaction fee
  • Receive a bonus 1,000 points every month you spend $5,000 or more in qualifying purchases
  • $100 statement credit when you spend $20,000 or more in qualifying purchases in a year
  • Offer available until October 4th, 2019
  • Available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico

Our Verdict

Card is a bit complicated, for most people it definitely won’t be worth keeping after the first year due to the $125 annual fee. This card be offset by the $100 statement credit bonus when you spend $20,000 or more and the 1,000 ($10) points every month you spend $5,000+. For most people it won’t be attractive to earn only 3x as there are other cards that earn at a high rate, for example:

That being said the $300 bonus is interesting. One nice thing about BBVA is that they always pull TransUnion, for most people this is the least pulled credit report so that’s a positive. I’ll add this to our list of the best credit card bonuses. Standard offer on this card is $200, so this is an extra $100.

Hat tip to reader gato



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Roy
Roy

I got excited about this card until I read about the annual fee and that it’s not even available in my state.

TomT
TomT

“Annual fee of $125 is waived in the first year”, so who cares what the AF is?

Roy
Roy

I can see what you are saying but this card with that AF going forward past 1 year would not be very competitive.

Jim
Jim

That’s why no one keeps the card after the first year. If you’re new to churning, I’d recommend you check out the links at the bottom right of this page.

esha w
esha w

I think the 3x categories that you have listed have changed. You can choose 1 of 10 categories for 3x as shown here: https://www.bbvausa.com/credit-cards/rewards/bbva-points-program.html

Interesting 3x categories that other cards don’t offer are Maintenance + Healthcare + Business

This reddit post also seems to confirm the 3x available for any of these categories: https://www.reddit.com/r/CreditCards/comments/cugmyn/does_anyone_have_the_bbva_clearpoints_card/

Also, there is a second card the BBVA ClearPoints card shown here: https://www.bbvausa.com/credit-cards/bbva-clearpoints.html which is a 0 Bonus + 0 Annual Fee clone of the Select card with the same 3x rewards scheme on the above categories.

AL_PF
AL_PF

Yeah, you can. For whatever reason, all of their marketing information still displays it as having a list of three categories for both 3x and 2x to choose from. It’s really confusing.

The ClearPoints isn’t a bad card, and some of the categories are pretty interesting (plus BBVA occasionally send out interesting offers). The Select is dumb, since 2% categories are pretty much worthless, and the main difference between it and the ClearPoints is you get an extra 2% category.

anthonyjh21
anthonyjh21

BBVA being BBVA by making this in branch only.

Jessica
Jessica

Main thing about this….

MUST live in Only Available in Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico

OR…. apply in branch

OR…. have a reservation code.

Otherwise, you can’t apply.

Steve

Are you saying you can apply without going in a branch (I guess over the phone) if you live in one of those states?

And/or if you don’t live in one of those states, you can still apply if you visit a branch?

Jessica
Jessica

Correct to the first and yes I believe so for the 2nd.

Bayareas
Bayareas

You have to be premier customer to apply for this offer .

Steve

My interpretation is that only the “no annual fee” part requires Premier. Do you see something else besides that?

Alan
Alan

Jessica, I live in California. Can you provide details / a link on how I can apply without going into a branch?

Jessica
Jessica

must be premier customer too.

reventon04
reventon04

I applied for this card in BBVA branch in Colorado, they pulled my Experian. They don’t only pull TransUnion

Dan - Legal Bank Robber
Dan - Legal Bank Robber

Im too lazy to read and figure out this complicated cc. What will the average non churner american do? What a joke

Natalia from New Orleans

I just spoke to the credit card CSR on the phone:
I asked: ” I am about to go to Texas, if I walk in the branch will they open CC for me? ”
Answer : “YES, only if your legal address is in one of the States (mentioned above). Because they don’t have a lending license in any other states.”

This is where it got confusing, she continued: ” However, you may have received a mailer pre-approval for the CC, in this case you may apply.
The marketing department sends out pre-approvals and it can not be requested” she added.

Hmm…. what just happened to the license for lending in all other states.
Side note: I do have deposit accounts with BBVA, and I mentioned it as well to CSR.

pandy
pandy

Chasing categories is generally not worth the time, but these cards not only have many interesting categories, but the categories also seem very inclusive.

The 3x and 2x lists have the same categories, unlike the USB cash+.

When logged in to the rewards account, examples are provided for the different categories: (please pardon my copy/paste)

“Examples by BYOR purchase category:

Business Services – Office Equipment and Supplies, Advertising Services, Courier Services, etc…
Dining – Restaurants, Caterers, Bars, etc…
Entertainment – Theaters, Tourist Attractions, Athletic Clubs, etc…
Gas – Service Stations, etc…
Grocery – Grocery Stores, Bakeries, Specialty Markets, etc…
Healthcare – Hospitals, Doctors, Dentists, Pharmacies, etc…
Maintenance – Automotive repair, General Contractors, Specialized Contractors, etc…
Retail – Department Stores, Automotive Dealers, Book Stores, etc…
Travel – Airfare, Car Rentals, Hotels, Tolls and Transit Fees, etc…
Utilities – Cable and Phone Carriers, Electric, Gas, and Water Utilities, etc…”

Business predictably included Staples. A lot of things counted as utilities, including my auto insurance. I anticipated my auto maintenance bill to count for the maintenance category, but since I got work at the dealership, it counted as retail, which I would have known if I paid more attention to their list of examples.

So it’s not a great card, especially the one with AF, but the categories are interesting and broad. Not particularly worth considering against most mainstream cards due to the small sign up bonus, but maybe for someone who’s burned through the low-hanging fruit.

I think it’s also worth mentioning that BBVA cards are the flimsiest cards I have ever handled. I’ve received coupons that were of sturdier construction. I have gotten more comments on the flimsiness of my BBVA card than I have of the sturdiness of my Amex gold. It’s sort of a subversive conversation piece, if you’re into that.

gc
gc

What auto insurance do you have? Thanks

kcihtred2
kcihtred2

sounds like a BBVA Clear points Except with other bonuses

Receive a bonus 1,000 points every month you spend $5,000 or more in qualifying purchases
$100 statement credit when you spend $20,000 or more in qualifying purchases in a year

If you can hit the $10 ($120 a year) monthly bonus you should be able to hit the $100 bonus it’s net $95 after annual fee?

pandy
pandy

It’s net $95(+cats) if you’re measuring it against paying cash, but the opportunity cost of that $60k spend on cards with SUBs would be significantly more than 100 bucks. Definitely better to put that spend elsewhere.

Zachek

idk if everyone’s webpage is formatted the way I am seeing it, but at first I thought the terms were stating they would give you a $100 credit for *every* $20k you spent during a calendar year, which would effectively make it a 3.5% card in your chosen category. This was because it looks like they didn’t include a line break after the sentence:

“Earn a $100 Account Credit after making $20,000 in Qualifying Purchases with your credit card5”

and so I thought they were expanding on that when they wrote: “Each point is equivalent to an account credit of 1% of one dollar of each Qualifying Purchase (20,000 points = $200), and there is no limit to how many points you can earn.”

emmons
emmons

how their points can be redeemed? check, statement credit?

Gis
Gis

I applied today in Texas in branch. A lengthy process ending up in a PAPER application that needs to be sent to corporate or somewhere.
In addition, the CSR mentioned that the card requires a minimum annual income of 100K.
Let’s see how this goes.
I keep you posted. In about seven to nine business days when the offer is basically over.

Lord Vader
Lord Vader

Applied over the phone, pulled TransUnion in CA.

Lord Vader
Lord Vader

Approved, but offer may be in branch only. Received old language on the approval.

gato
gato

Applied in branch 9/20. TU pull (I’m in CA) 9/23. Approval email and banker call 9/26. They definitely move slow, but I got it 🙂

C
C

San Francisco resident – no branches here, but they still require one to go in-branch to apply, according to CSR.

strykker
strykker

They have one in San Carlos if your willing to take Bart then CalTrain..

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