topic Re: BBVA Compass ClearPoints Pre-Qual Mailer in Credit Cards

BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 20:49:37 GMT

Hi All,

I keep receiving this in the mail but to be honest I've never heard of them. I'm gardening until my last bK drops of next month. My goal is the Amazon Chase Visa. Is BBVA a good company? Says it offers $100 account credit when you make $1,500 in net qualifying purchases in the first 90 days. 0% introductory apr for13 mnths and after a 13.49% to 31.49% variable apr (kinda high). $0 annual fee and zero limit to the amount of rewards you can earn.

I don't plan on applying for anything right now but I know I will get an offer again from this company as to this is the 3rd one i get within the last 5 months. I have 2 bank cards right now (discover & credit one) so I plan on applying for Amazon and then giving credit one the axe. So is BBVA worth it?

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 21:14:27 GMT

They sent me mailers almost weekly for a couple of years. I finally bit when they upped it to $150 SUB. Quick and painless approval and immediate sign up for online banking. 15K CL at approval. If you have a mailer and don't live in their service area it's the only way to get one.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 21:58:39 GMT

@Anonymous wrote:
They sent me mailers almost weekly for a couple of years. I finally bit when they upped it to $150 SUB. Quick and painless approval and immediate sign up for online banking. 15K CL at approval. If you have a mailer and don't live in their service area it's the only way to get one.

Has it been a good experience?

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 22:43:46 GMT

BBVA’s card is fantastic. The categories are broad, the credit requirements to get the card aren’t super high (not a lot of denials), they pay the SUB very quickly, and they have bonus cash back offers all the time which actually stack bonus points so if they offer 5 bonus points on dining and you have your card set to earn 3 points per dollar there, you’ll earn 8 points per dollar.

The only real complaints with them are that the website is awful (get the app and use that, the app is great), CLIs have to be initiated by calling them and will be a HP, and if you don’t set your categories before the next quarter starts you’ll end up being reset to earning 1 point everywhere. Fortunately you can set your categories for the next quarter as soon as the new quarter starts so it’s not that big of a deal. They’re also not locked in until the quarter starts so you can set what you think they will be and then make changes if needed.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 22:53:28 GMT

@Anonymous wrote:
BBVA’s card is fantastic. The categories are broad, the credit requirements to get the card aren’t super high (not a lot of denials), they pay the SUB very quickly, and they have bonus cash back offers all the time which actually stack bonus points so if they offer 5 bonus points on dining and you have your card set to earn 3 points per dollar there, you’ll earn 8 points per dollar.

The only real complaints with them are that the website is awful (get the app and use that, the app is great), CLIs have to be initiated by calling them and will be a HP, and if you don’t set your categories before the next quarter starts you’ll end up being reset to earning 1 point everywhere. Fortunately you can set your categories for the next quarter as soon as the new quarter starts so it’s not that big of a deal. They’re also not locked in until the quarter starts so you can set what you think they will be and then make changes if needed.

CLI's are HP's? Oh man Thanks for the feedback!

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 22:55:21 GMT

Yeah CLIs are HPs but they are known for giving auto CLIs between 7-9 months of account opening.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

pinkandgrey — Sat, 01 Jun 2019 23:33:19 GMT

Yeah, it’s a good card. It was a FOTM for awhile lol. The website is convoluted but the app is pretty good. The prequals are extremely solid, so if you want the card, go for it.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Jnbmom — Sat, 01 Jun 2019 23:37:37 GMT

I know a saw a recent post where someone got an automatice CLI at 6 months, not sure where it is though.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sat, 01 Jun 2019 23:39:10 GMT

@Anonymous wrote:
CLI's are HP's? Oh man Thanks for the feedback!

Why is everyone so averse to a HP?! It's not that big of a deal. If a HP double or triples your limit it's worthwhile. right?

INQ's account for 10% of your score and after say about 5 of them they don't do much for point loss. If you have some age mixed with on time payments you're ideal for 750+ scores which net you just about anything you want if you do it in the right order.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 00:21:50 GMT

My experience mirrors Saeren's exactly except for the CLI as I haven't done one yet. I have had the card short of a year. I opened a high interest rate savings in branch as they are easy to deal with and yes the website is really bad.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 00:30:52 GMT

@Anonymous wrote:
My experience mirrors Saeren's exactly except for the CLI as I haven't done one yet. I have had the card short of a year. I opened a high interest rate savings in branch as they are easy to deal with and yes the website is really bad.

https://www.bbvacompass.com/savings/clearchoice-money-market.html ---- this one? PNC offers less fees and higher rate

In fact there's a ton of options that are at least 2.5% out there. My checking is 2.5% even.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 00:45:15 GMT

Yes that's the one. They are local a few miles away which I like. I do have others with higher interest and tend to move some around to get SUB's.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

TheBoondocks — Sun, 02 Jun 2019 02:57:06 GMT

I just hate that they don't tell you the 10 categories...

I've been getting their mails all the time too, and also HSBC mailer. I think they want my money.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 03:07:01 GMT

@TheBoondocks wrote:
I just hate that they don't tell you the 10 categories...

I've been getting their mails all the time too, and also HSBC mailer. I think they want my money.

Here ya go.

Like I said, they’re really broad. All of that spending for “utilities?” It’s my Comcast bill and my cell phone bill. They don’t drill you down into a tiny segment like the Cash+ does.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

TheBoondocks — Sun, 02 Jun 2019 04:08:09 GMT

Wow, they have healthcare and maintenance. If I may ask, what's the minimum to redeem? I might app but it doesn't make sense to even hit the SUB.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

TheBoondocks — Sun, 02 Jun 2019 04:12:06 GMT

Wow, they require $25 just to redeem. Forget it lol.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 05:02:32 GMT

@TheBoondocks wrote:
Wow, they require $25 just to redeem. Forget it lol.

$25 redemptions aren’t the only way. You can make a purchase and use your points to erase it. Although at 3% it doesn’t really take that long to get there but yeah you can like go throw a burger or something on there and erase the purchase with points in the portal.

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 06:17:16 GMT

@Anonymous wrote:
@TheBoondocks wrote:
Wow, they require $25 just to redeem. Forget it lol.
$25 redemptions aren’t the only way. You can make a purchase and use your points to erase it. Although at 3% it doesn’t really take that long to get there but yeah you can like go throw a burger or something on there and erase the purchase with points in the portal.

What exactly are SUB's? I'm new to the lingo

Re: BBVA Compass ClearPoints Pre-Qual Mailer

Anonymous — Sun, 02 Jun 2019 06:24:12 GMT

Re: BBVA Compass ClearPoints Pre-Qual Mailer

DaveInAZ — Sun, 02 Jun 2019 14:26:06 GMT

@TheBoondocks wrote:
Wow, they require $25 just to redeem. Forget it lol.

$25 redemption is pretty darn common, my BoA, Amex, Uber all have $25 minimums.

And yeah, I really like how broad the BBVA categories are. I have Medical as one of my categories and it covers doctors, dentists, hospitals, pharmacy/drug stores.