BBVA points are worth 1¢ each, but when redeeming for cash back you need to redeem a minimum of $25 (2,500 points) at a time. BBVA Compass has updated their BBVA Wallet (mobile application) and as part of the update when you get a purchase notification you can redeem your BBVA points against that purchase (at the same rate of 1¢ per point). The main upside is that you can redeem for as little as $1 (100 points). You can redeem for the full amount of the purchase or just a part of the purchase, making it much easier to use up orphaned points.
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I redeemed 100 points for a statement credit months ago. (Haven't done it in a while since I only used the card during the 5x promo.)
Really? I've only ever done it in batches of $25, if it was already possible then the new update is kind of pointless.
Seems it's only for credit cards, not debit:
"Real-time rewards redemptions works with all BBVA Compass credit cards enrolled in rewards"