Ha I was also getting preapprovals and was approved at 2/12 and 6/24. They pulled TU. I have also read many redditers who are lol/24 getting approved. BBVA is definitely acting generous lately!
@FieryDance wrote:Ha I was also getting preapprovals and was approved at 2/12 and 6/24. They pulled TU. I have also read many redditers who are lol/24 getting approved. BBVA is definitely acting generous lately!
Thanks for that update, @FieryDance, and congrats on the BBVA approval! Was the approval for the Clear Points, the Rewards card, the Select card, or something else? That is good news that they are loosening up. Maybe it's a break in the clouds of the cornoavirus and lenders will start to ease up now that vaccines have shown effective and treatments have been refined.
Incidentally, I just saw that BBVA is offering a $250 bonus for opening new checking and savings accounts. The Rewards card pays 2% cash back if you have a deposit account with $1K monthly direct deposit. (It pays 1.5% if you don't.)
The $99 AF is waived the the first year on the Select card and there's a $500 SUB which is pretty nice. You get 4% back on "entertainment" but I don't know what qualifies for that rate, plus 3% on dining, 2% on travel, 1% on other. All uncapped.
PNC Bank just announced that they are buying the US assets of BBVA, which is based in Spain, for $11.6 Billion. That will make PNC the US's fifth largest bank (PNC is currently 8th and BBVA.US is 30.) This may be partly driven by other consolidation in the mid-tier banks and puts them well ahead of the new TRUIST bank formed by the merger of BB&T and Suntrust. (Assets of PNC will be over $550 Billion versus the $362 Billion of Truist.) There were other threads wondering how this would affect the credit card business. This may either be a very good time to get in with them while you can get a foot in the door or a time to wait since they may be shaking up their card offerings. For the interim period, it appears they plan to keep everything status quo, sort of like Truist has done so far.
My ClearPoints card just turned 1 year old, so I did the prequal and I'm back to $10,000. It had dropped to $7500 after the pandemic started. I was prequalified and ultimately approved for $15,300 on my first card, but $10,000 is the best prequal I've got since.
Now I'm just trying to decide if I want to take a HP to see if I raise the $15,300 SL on my ClearPoints card.
@Aim_High wrote:
@FieryDance wrote:Ha I was also getting preapprovals and was approved at 2/12 and 6/24. They pulled TU. I have also read many redditers who are lol/24 getting approved. BBVA is definitely acting generous lately!
Thanks for that update, @FieryDance, and congrats on the BBVA approval! Was the approval for the Clear Points, the Rewards card, the Select card, or something else? That is good news that they are loosening up. Maybe it's a break in the clouds of the cornoavirus and lenders will start to ease up now that vaccines have shown effective and treatments have been refined.
Incidentally, I just saw that BBVA is offering a $250 bonus for opening new checking and savings accounts. The Rewards card pays 2% cash back if you have a deposit account with $1K monthly direct deposit. (It pays 1.5% if you don't.)
The $99 AF is waived the the first year on the Select card and there's a $500 SUB which is pretty nice. You get 4% back on "entertainment" but I don't know what qualifies for that rate, plus 3% on dining, 2% on travel, 1% on other. All uncapped.
PNC Bank just announced that they are buying the US assets of BBVA, which is based in Spain, for $11.6 Billion. That will make PNC the US's fifth largest bank (PNC is currently 8th and BBVA.US is 30.) This may be partly driven by other consolidation in the mid-tier banks and puts them well ahead of the new TRUIST bank formed by the merger of BB&T and Suntrust. (Assets of PNC will be over $550 Billion versus the $362 Billion of Truist.) There were other threads wondering how this would affect the credit card business. This may either be a very good time to get in with them while you can get a foot in the door or a time to wait since they may be shaking up their card offerings. For the interim period, it appears they plan to keep everything status quo, sort of like Truist has done so far.
Thanks!
I had preapprovals for ClearPoints and Rewards, not Select. But I went for the Select card instead.
For everyday use the ClearPoints is a better fit for me but the PNC acquisition makes its long term fate uncertain so I decided I might as well go for the $500 SUB first, 😆 after receiving a targeted offer: uncapped 5% off all purchases till 12/31/2020 on top of the usual SUB if I open any BBVA CC in November. I will take advantage of that offer for sure.
Now I am hoping after the acquisition the Select will be refreshed or maybe PNC will allow PC (BBVA does not) to something more useful. We will see.
An interesting DP, the preapprovals said $15K but the actual approved limit is $20K. So for anyone who apply, it's possible you will get more than you think you will.
@FieryDance wrote:I had preapprovals for ClearPoints and Rewards, not Select. But I went for the Select card instead.
For everyday use the ClearPoints is a better fit for me but the PNC acquisition makes its long term fate uncertain so I decided I might as well go for the $500 SUB first, 😆 after receiving a targeted offer: uncapped 5% off all purchases till 12/31/2020 on top of the usual SUB if I open any BBVA CC in November. I will take advantage of that offer for sure.
Now I am hoping after the acquisition the Select will be refreshed or maybe PNC will allow PC (BBVA does not) to something more useful. We will see.
An interesting DP, the preapprovals said $15K but the actual approved limit is $20K. So for anyone who apply, it's possible you will get more than you think you will.
Congrats on a nice approval on a Select card, @FieryDance. I'm in their geographic footprint for the Select card too and had thought of applying for it. While the Clear Points is probably a more practical card for myself as well, I can see why that $500 SUB pushed you over the edge. Well done! And that bonus 5% back for the holidays is just icing on the cake! 