BBVA Compass Pre-Qualified

Anonymous · ‎02-09-2018

I got a pre qual letter in the mail today. Its for the BBVA Compass ClearPoints Credit Card. 0% APR for the first 13 months, 12.49%-30.48% after. 0% APR for 13 months on balance transfers. No annual fee. Is this a good card? And is a pre qual from them good? (meaning, if they are almost always approvals). Thanks!

My credit scores are in my sig. Also, it says you can choose what category you earn points for. I see one says 3x points. Do you need alot of points to redeem for a reward?

Anonymous · ‎02-09-2018

Your scores look nominal, but conventional wisdom is that when the APR range on a pre-qual or pre-approval is that wide of a range, it’s not a solid offer. I’m not sure that holds true with BBVA, but it seems to be true with many credit issuers. I’m sure some others on here with more experience than I and/or BBVA cardholders will have some additional input. If it were me though, I wouldn’t app with a wide APR range like that.

My 2-Cents.

UncleB · ‎02-10-2018

wrote:
I got a pre qual letter in the mail today. Its for the BBVA Compass ClearPoints Credit Card. 0% APR for the first 13 months, 12.49%-30.48% after. 0% APR for 13 months on balance transfers. No annual fee. Is this a good card? And is a pre qual from them good? (meaning, if they are almost always approvals). Thanks!
My credit scores are in my sig. Also, it says you can choose what category you earn points for. I see one says 3x points. Do you need alot of points to redeem for a reward?

I got the same offer back in the fall and took the bait... so far the experience has been fine. If the 3x categories are useful to you and you don't already have another card that would cover them then you might consider it.

This bank is known to be a bit 'quirky', though... I've written a few posts on this already; the most recent one can be found here: http://ficoforums.myfico.com/t5/Credit-Cards/BBVA-Compass-Visa/m-p/5156710#M1516655

Here's another thread on this product from back in the fall: http://ficoforums.myfico.com/t5/Credit-Cards/BBVA-Compass-pre-approval-mailer/td-p/5038093

There are a few others as well; just type 'BBVA' into the search bar above and you'll see a list of them.

B335is · ‎02-10-2018

I got a similar offer a few months ago as well. Initially my app went pending, but was approved the next morning. So far no issues.

916networktech · ‎02-10-2018

I would say your in, I got the same in nov 2017 with a 705 score, I ended up walking a way with a 12500.00 credit line

Anonymous · ‎02-10-2018

Since it says pre qualified and not pre approved I wouldn't think it's a guaranteed approval, but that you have a good chance for an approval.

Anonymous · ‎02-10-2018

Okay, I looked over a few posts and saw yours too. I was going to apply but, it says that Reservation Code was invalid. I called and they said that the people who reset codes are gone for the day. I'll call back Monday and see what is up. Thanks for the information! The link was very helpful.

AverageJoesCredit · ‎02-10-2018

Yikes, 30% apr , wouldnt eant to sqeek in with that lol

Anonymous · ‎02-10-2018

I generally don't keep a balance, so I don't mind a high apr...sometimes.

AverageJoesCredit · ‎02-10-2018

Yeah, sorry , was more a comment on their highest rate which considering its not a retail store card is insanely high. If you go for it hope you get a better rate