topic Re: BBVA ClearPoints question in Credit Cards

BBVA ClearPoints question

KLEXH25 — Fri, 21 Feb 2020 03:57:15 GMT

I've gotten a few mailers for this card so I'm curious. My understanding is that this is a "cashback" card but it mentions "points." What does this mean? Is a point = 1%? What is the redemption? Anything else I should know?

Re: BBVA ClearPoints question

issac2x — Fri, 21 Feb 2020 04:47:54 GMT

It's a 3-2-1 cashback card and it worth is 1cpp. You choose the 3% and 2% from select categories every quarter and cashback is in the form of statement credit, purchase erasure, or you can transfer your points.

Re: BBVA ClearPoints question

UncleB — Fri, 21 Feb 2020 04:50:39 GMT

@KLEXH25 wrote:
I've gotten a few mailers for this card so I'm curious. My understanding is that this is a "cashback" card but it mentions "points." What does this mean? Is a point = 1%? What is the redemption? Anything else I should know?

I have the card, it's solid.

One point = 1¢, so it's basically the same as a cash-back card.

Rewards are redeemed as a statement credit in $25 increments, and they also have a 'Real Time Rewards' feature that allows you to use points to 'erase' a purchase of any amount (even less than $25).

Edit: @issac2x beat me to it!

Re: BBVA ClearPoints question

KLEXH25 — Fri, 21 Feb 2020 12:05:42 GMT

@issac2x wrote:
It's a 3-2-1 cashback card and it worth is 1cpp. You choose the 3% and 2% from select categories every quarter and cashback is in the form of statement credit, purchase erasure, or you can transfer your points.

Now I'm lost lol. Purchase erasure? How is that decided or different from a statement credit. And transfer my points to what?

Re: BBVA ClearPoints question

JNA1 — Fri, 21 Feb 2020 12:22:08 GMT

The purchase eraser isn’t really much different than statement except you can target a specific purchase to to use cash back to pay. Let’s say you say to yourself “When I save up $100 in cash back, I’m gonna buy myself a $100 pair of sunglasses.” When you reach that $100 in cashback, you can buy the glasses, and pull up that purchase and pay for it with the cashback you earned. It’s a great card though. The the 2X and 3X and categories are very broad!

They regularly offer 4X offers on groceries, restaurants, etc. We earned 6X points on restaurants for all of January. https://ficoforums.myfico.com/t5/Credit-Cards/BBVA-4X-Points-at-Restaurants-in-January-Offer/td-p/5851794

Re: BBVA ClearPoints question

issac2x — Fri, 21 Feb 2020 12:18:34 GMT

@KLEXH25 wrote:
@issac2x wrote:
It's a 3-2-1 cashback card and it worth is 1cpp. You choose the 3% and 2% from select categories every quarter and cashback is in the form of statement credit, purchase erasure, or you can transfer your points.
Now I'm lost lol. Purchase erasure? How is that decided or different from a statement credit. And transfer my points to what?

Purchase erasure is using points to offset a purchase. For example you bought a $5 item purchase erasure would basically cancel it out; all without reaching the $25 minimum for statement credit.

Transfer points is if you have another credit card with BBVA and would like to transfer the earned points from one account to the other.

Edit: @JNA1 beat me to it.

Re: BBVA ClearPoints question

JNA1 — Fri, 21 Feb 2020 12:21:31 GMT

@issac2x wrote:
@KLEXH25 wrote:
@issac2x wrote:
It's a 3-2-1 cashback card and it worth is 1cpp. You choose the 3% and 2% from select categories every quarter and cashback is in the form of statement credit, purchase erasure, or you can transfer your points.
Now I'm lost lol. Purchase erasure? How is that decided or different from a statement credit. And transfer my points to what?
Purchase erasure is using points to offset a purchase. For example you bought a $5 item purchase erasure would basically cancel it out; all without reaching the $25 minimum for statement credit.
Transfer points is if you have another credit card with BBVA and would like to transfer the earned points from one account to the other.

Edit: @JNA1 beat me to it.

Issac2x is correct about using it as way to redeem lower than the $25 required amount. I forgot about that. That’s a great feature for lower spend customers.

Re: BBVA ClearPoints question

KLEXH25 — Fri, 21 Feb 2020 15:31:50 GMT

@issac2x wrote:
@KLEXH25 wrote:
@issac2x wrote:
It's a 3-2-1 cashback card and it worth is 1cpp. You choose the 3% and 2% from select categories every quarter and cashback is in the form of statement credit, purchase erasure, or you can transfer your points.
Now I'm lost lol. Purchase erasure? How is that decided or different from a statement credit. And transfer my points to what?
Purchase erasure is using points to offset a purchase. For example you bought a $5 item purchase erasure would basically cancel it out; all without reaching the $25 minimum for statement credit.
Transfer points is if you have another credit card with BBVA and would like to transfer the earned points from one account to the other.

Edit: @JNA1 beat me to it.

So I take it there is a limit to how many "erasures" you can do per statement? Also, does it erase any point earnings for that purchase as well?

Re: BBVA ClearPoints question

M_Smart007 — Fri, 21 Feb 2020 15:32:55 GMT

I almost always have a 10% offer on Starbucks, KFC and DoorDash

Re: BBVA ClearPoints question

KLEXH25 — Fri, 21 Feb 2020 15:39:20 GMT

@JNA1 wrote:
The purchase eraser isn’t really much different than statement except you can target a specific purchase to to use cash back to pay. Let’s say you say to yourself “When I save up $100 in cash back, I’m gonna buy myself a $100 pair of sunglasses.” When you reach that $100 in cashback, you can buy the glasses, and pull up that purchase and pay for it with the cashback you earned. It’s a great card though. The the 2X and 3X and categories are very broad!

They regularly offer 4X offers on groceries, restaurants, etc. We earned 6X points on restaurants for all of January. https://ficoforums.myfico.com/t5/Credit-Cards/BBVA-4X-Points-at-Restaurants-in-January-Offer/td-p/5851794

That's awesome! But if you don't know what the bonuses will be, and you've already chosen your categories, it's sort of like a lottery then? I have most categories covered with my other cards, but it'd definitely be nice to earn a little more once in a while. I was curious about the Utilities category and what would be covered. Any categories that cover cell phones and/or cable bills?

Re: BBVA ClearPoints question

Anonymous — Fri, 21 Feb 2020 15:47:16 GMT

@KLEXH25 wrote:
@JNA1 wrote:
The purchase eraser isn’t really much different than statement except you can target a specific purchase to to use cash back to pay. Let’s say you say to yourself “When I save up $100 in cash back, I’m gonna buy myself a $100 pair of sunglasses.” When you reach that $100 in cashback, you can buy the glasses, and pull up that purchase and pay for it with the cashback you earned. It’s a great card though. The the 2X and 3X and categories are very broad!

They regularly offer 4X offers on groceries, restaurants, etc. We earned 6X points on restaurants for all of January. https://ficoforums.myfico.com/t5/Credit-Cards/BBVA-4X-Points-at-Restaurants-in-January-Offer/td-p/5851794
That's awesome! But if you don't know what the bonuses will be, and you've already chosen your categories, it's sort of like a lottery then? I have most categories covered with my other cards, but it'd definitely be nice to earn a little more once in a while. I was curious about the Utilities category and what would be covered. Any categories that cover cell phones and/or cable bills?

Utilities covers cell and cable. That's what I use mine for.

As to the purchase eraser question, it's really only used if you want to use your points before you hit the $25 redemption threshold but you can use points to cover exact dollar amount purchases (so you have to have points to cover the entire purchase) and it just gets removed from your points balance, it doesn't cost you anything more than a statement credit, it's just a hack that allows you to pay off that burger without waiting to hit $25.

Also the bonus offers are stacking offers so if you get a 4X offer, it's 5X if it's not the category you selected, 6X if it's a 2X, or 7X if it's the 3X. They are usually pretty awesome unless you have a rotator with the same category that month but since BBVA offers are generally for a month and tend to have high caps on spend, they can put a decent chunk of points in your account.

Re: BBVA ClearPoints question

NoMoreE46 — Sat, 22 Feb 2020 21:10:15 GMT

Could someone post a picture of the app/consumer website for BBVA please?? I gotten over 7 or 8 mailers from this bank and am so tempted but have a feeling the UI may look like TD’s Redcard.

Re: BBVA ClearPoints question

Gmood1 — Sat, 22 Feb 2020 22:10:57 GMT

@NoMoreE46

Re: BBVA ClearPoints question

Anonymous — Sat, 22 Feb 2020 23:14:06 GMT

@NoMoreE46 wrote:
Could someone post a picture of the app/consumer website for BBVA please?? I gotten over 7 or 8 mailers from this bank and am so tempted but have a feeling the UI may look like TD’s Redcard.

It's definitely not that awful.

The app is actually pretty good.

Re: BBVA ClearPoints question

NoMoreE46 — Sun, 23 Feb 2020 01:32:06 GMT

@Anonymous wrote:
@NoMoreE46 wrote:
Could someone post a picture of the app/consumer website for BBVA please?? I gotten over 7 or 8 mailers from this bank and am so tempted but have a feeling the UI may look like TD’s Redcard.
It's definitely not that awful.

The app is actually pretty good.

Yes Thank You Saeren. So very appreciate you taking the time to provide a true screen shot (and then blurring) this for me.

I agree - its not bad at all.

Re: BBVA ClearPoints question

NoMoreE46 — Sun, 23 Feb 2020 01:37:03 GMT

Thanks so much- it is very decent.

Cheers

Re: BBVA ClearPoints question

Anonymous — Sun, 23 Feb 2020 01:49:42 GMT

@NoMoreE46 wrote:
Gmood1

Thanks so much- it is very decent.

Cheers

The website is actually pretty bad. The app makes up for it though.

Re: BBVA ClearPoints question

JNA1 — Sun, 23 Feb 2020 02:08:31 GMT

I love the Rewards Center. The Build Your Own Rewards is simple and straightforward and I like how the points are broken per purchase

Re: BBVA ClearPoints question

gorgon — Thu, 27 Feb 2020 15:32:53 GMT

@UncleB wrote:
Rewards are redeemed as a statement credit in $25 increments, and they also have a 'Real Time Rewards' feature that allows you to use points to 'erase' a purchase of any amount (even less than $25).

Thanks for posting this. I wasn't aware you could do any kind of redemption before amassing at least $25 in points/cash back. This makes my BBVA card a lot more appealing to me now.

Re: BBVA ClearPoints question

KLEXH25 — Fri, 28 Feb 2020 00:34:08 GMT

@Anonymous wrote:
@KLEXH25 wrote:
@JNA1 wrote:
The purchase eraser isn’t really much different than statement except you can target a specific purchase to to use cash back to pay. Let’s say you say to yourself “When I save up $100 in cash back, I’m gonna buy myself a $100 pair of sunglasses.” When you reach that $100 in cashback, you can buy the glasses, and pull up that purchase and pay for it with the cashback you earned. It’s a great card though. The the 2X and 3X and categories are very broad!

They regularly offer 4X offers on groceries, restaurants, etc. We earned 6X points on restaurants for all of January. https://ficoforums.myfico.com/t5/Credit-Cards/BBVA-4X-Points-at-Restaurants-in-January-Offer/td-p/5851794
That's awesome! But if you don't know what the bonuses will be, and you've already chosen your categories, it's sort of like a lottery then? I have most categories covered with my other cards, but it'd definitely be nice to earn a little more once in a while. I was curious about the Utilities category and what would be covered. Any categories that cover cell phones and/or cable bills?
Utilities covers cell and cable. That's what I use mine for.

As to the purchase eraser question, it's really only used if you want to use your points before you hit the $25 redemption threshold but you can use points to cover exact dollar amount purchases (so you have to have points to cover the entire purchase) and it just gets removed from your points balance, it doesn't cost you anything more than a statement credit, it's just a hack that allows you to pay off that burger without waiting to hit $25.

Also the bonus offers are stacking offers so if you get a 4X offer, it's 5X if it's not the category you selected, 6X if it's a 2X, or 7X if it's the 3X. They are usually pretty awesome unless you have a rotator with the same category that month but since BBVA offers are generally for a month and tend to have high caps on spend, they can put a decent chunk of points in your account.

That's awesome to know!! Thanks