topic Re: BBVA Compass Clear Points Prequalification in Credit Card Applications

BBVA Compass Clear Points Prequalification

Anonymous — Thu, 01 Nov 2018 20:03:27 GMT

Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:

8 Inq

No late payments

32% Utililization

EQ 686

TU 700

EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...

Re: BBVA Compass Clear Points Prequalification

Anonymous — Thu, 01 Nov 2018 20:16:34 GMT

@Anonymous wrote:
Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:
8 Inq
No late payments
32% Utililization

EQ 686
TU 700
EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...

I recenelty applied for this card, after doing some research on here to see what limits other people have gotten and with my score being similiar thought I might get a better starting limit so was slightly dissapointed. Instant approval for $3.4K

Re: BBVA Compass Clear Points Prequalification

Anonymous — Thu, 01 Nov 2018 20:51:43 GMT

@Anonymous wrote:
@Anonymous wrote:
Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:
8 Inq
No late payments
32% Utililization

EQ 686
TU 700
EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...
I recenelty applied for this card, after doing some research on here to see what limits other people have gotten and with my score being similiar thought I might get a better starting limit so was slightly dissapointed. Instant approval for $3.4K

Df82

Thank you... I should note I have no Baddies on my report too... Just curious of others impressions... Thanks again!!!

Re: BBVA Compass Clear Points Prequalification

coldfusion — Thu, 01 Nov 2018 21:03:01 GMT

What is the value proposition of this card to you?

FWIW, I did get this card a few months ago with a $15K SL via a prequal mailer. It's been sockdrawered ever since I collected the SUB.

Re: BBVA Compass Clear Points Prequalification

UncleB — Thu, 01 Nov 2018 21:19:12 GMT

@Anonymous wrote:
Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:
8 Inq
No late payments
32% Utililization

EQ 686
TU 700
EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...

I got this card around a year ago (my 0% APR just expired) and it's not bad.

If you can make use of one of the 3% categories (I chose travel) then it might be a good addition. Compass (BBVA) can be a bit quirky, but as long as you know how they roll things are generally manageable.

Re: BBVA Compass Clear Points Prequalification

Anonymous — Thu, 01 Nov 2018 21:31:24 GMT

@coldfusion wrote:
What is the value proposition of this card to you?

FWIW, I did get this card a few months ago with a $15K SL via a prequal mailer. It's been sockdrawered ever since I collected the SUB.

Really just a card... Although it has the 3% CB on it so... I'm not fussed really, but adding to my total Credit Line, is always nice...

Re: BBVA Compass Clear Points Prequalification

Anonymous — Thu, 01 Nov 2018 21:33:49 GMT

@UncleB wrote:
@Anonymous wrote:
Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:
8 Inq
No late payments
32% Utililization

EQ 686
TU 700
EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...
I got this card around a year ago (my 0% APR just expired) and it's not bad.

If you can make use of one of the 3% categories (I chose travel) then it might be a good addition. Compass (BBVA) can be a bit quirky, but as long as you know how they roll things are generally manageable.

Thanks UncleB!!! I have read up on how quirky they are... Issues w online payments, send a check in, long payment processing... etc... Just not sure, as still deciding on the auto loan or not...

Re: BBVA Compass Clear Points Prequalification

UncleB — Thu, 01 Nov 2018 23:02:35 GMT

@Anonymous wrote:
@UncleB wrote:
@Anonymous wrote:
Afernoon my fellow MyFico'rs

Wanted to throw this over the fence and see what others think. I have read the Plus & Minus's of BBVA Compass, but recently receieved the all too famous BBVA Compass Clear Points Credit Card Prequalification Reservation Number Letter... LOL The APR is between 13% and 31.5% (Give or Take)... I'm not too sure if I should bite as I have just recently got a Delta AMEX Gold (only $1k SL) and a new PETAL Visa ($4.5k SL) both within the past month... I am looking to possibly although not definate, yet, look to get an auto loan possibly in the next month or so...

Have:
8 Inq
No late payments
32% Utililization

EQ 686
TU 700
EX 669

This Summer I was growing the garden...

Am Tempted on the BBVA Compass Clear Points, but not sure I should pull the trigger, being I pull 2 last month... Talk amongst yourselves... Let me know your thoughts... Very much appreciate it...
I got this card around a year ago (my 0% APR just expired) and it's not bad.

If you can make use of one of the 3% categories (I chose travel) then it might be a good addition. Compass (BBVA) can be a bit quirky, but as long as you know how they roll things are generally manageable.
Thanks UncleB!!! I have read up on how quirky they are... Issues w online payments, send a check in, long payment processing... etc... Just not sure, as still deciding on the auto loan or not...

While they are quirky, to their credit they've also been solid (i.e. no issues).

The payment thing can be easily worked around if you don't mind letting them do an ACH pull from your checking (which many on here actually prefer anyway), and in my experience the funds are available as soon as they post the payment.

Other than not playing well with my bank's bill pay, the only real 'nit' I have with them - and it's actually quite minor - is that for the 3x category it takes several extra days for the extra 2x to show up (you get 1x when the transaction posts). Of course this is still better than many cards that make you wait until the statement posts for any of the points to show up, so like I said it's a really minor complaint. I usually just took statement credits ($25 increments), but the one time I did a "real-time redemption" using the app it worked flawlessly (you can do this from the website as well), so in that way they have even the Wells Fargo Propel beat. (Real-time redemptions can be in any amount.)

Their credit lines (and APRs) seem to be a bit all-over-the-map, but I see the wide APR range as them trying to approve as many people as possible, and if you PIF it really doesn't matter, anyway. My own credit line was $10k, which isn't too bad for my profile, and I got an auto-CLI of $1500 back in the summer bringing my new CL to $11.5k (so auto-CLIs are definitely possible).

I was cautious with them due to an overall lackluster experience with them years ago, however I have to say that this time around it's been pretty good.

Just my 2¢... hope this helps with your decision!

Re: BBVA Compass Clear Points Prequalification

coldfusion — Fri, 02 Nov 2018 00:42:22 GMT

@Anonymous wrote:
@coldfusion wrote:
What is the value proposition of this card to you?

FWIW, I did get this card a few months ago with a $15K SL via a prequal mailer. It's been sockdrawered ever since I collected the SUB.
Really just a card... Although it has the 3% CB on it so... I'm not fussed really, but adding to my total Credit Line, is always nice...

Assuming that the Petal card hasn't started reporting yet and it wasn't a HP from EX I myself would lean toward applying although I'd feel a lot better about it if your utilization were lower.

BBVA pulls EX but doesn't seem to be particularly inquiry sensitive so I doubt they'd be too concerned about seeing that recent AMEX HP.

Re: BBVA Compass Clear Points Prequalification

cf2701 — Fri, 02 Nov 2018 02:40:23 GMT

TverTrekker - I sent you a PM on this quesiton. Check it out.

I think you have a very good chance of getting approved. Just my opinion. Report back when you make a decision and if you apply the results! Good luck!

Re: BBVA Compass Clear Points Prequalification

Gmood1 — Fri, 02 Nov 2018 03:24:11 GMT

They recently fixed the phone app to allow you to set up automatic payments. It works pretty well. Only quirk is, if you make an early payment. They'll still pull a minimum payment on the due date.
Other than what UnkaB said, they've definitely gotten better of the years.
Next year I might grab the 2% CB CC they offer..just because.
The app also allows you to pre-qualification for their products. So far the pre-approvals have been solid!

Re: BBVA Compass Clear Points Prequalification

Anonymous — Fri, 02 Nov 2018 03:49:40 GMT

@cf2701 wrote:
TverTrekker - I sent you a PM on this quesiton. Check it out.

I think you have a very good chance of getting approved. Just my opinion. Report back when you make a decision and if you apply the results! Good luck!
Pulled the trigger, and probably should not of, but it says:

Thank you for your application.
Unfortunately we need to manually review your application. We may contact you (usually within 2 business days) if we need to collect anything to help us finish processing your application.

Will, let you know how it ends up...

Stay tuned...

@cf2701 wrote:
TverTrekker - I sent you a PM on this quesiton. Check it out.

I think you have a very good chance of getting approved. Just my opinion. Report back when you make a decision and if you apply the results! Good luck!