BBVA Pre-Qualified Offers

[Anonymous]

Finally stopped getting pre-approvals from Credit One, and the other bottom feeders, and am now getting offers from Amex and now BBVA.
I hadn't thought of them before but now am considering them. The problem is that the timing is a bit off. I was hoping to wait a bit longer so that I could get into the window to app for Chase (I've got a long wait ahead of me after my little app spree) and then an Amex.

My question is this: is BBVA worth pushing my Chase window out? How often do they send these offers once they decide they like you?

[mikesonthemend]

Do you live in the BBVA footprint? Is a relationship with them important to you?

As long as you stay the course, the offers will keep coming. If your goal is Chase I would wait.

Sounds kinda like the prom, you have a date offered, but not from the one you wish to go with.

[Anonymous]

If you’re in their footprint, you’ll keep getting lots of letters but if you’re not, they seem to be sporadic with them. 

The value of the card depends on the categories you use. I personally love my ClearPoints and if they will give me a second one this summer, I may well go for it. 

The value of any of Chase’s card offerings for my spend is much less than what I can get with the ClearPoints card since category spending cards like the Freedom actually just prompt me to spend more than I normally would while a 3%/2% flex card I do my normal spending on. 

[Anonymous]

Ok. I live in one of their areas right now so I won't panic over apping right away.
I'm moving soon and will be out of the area but maybe by then I will have come to my senses. 🙄

[mikesonthemend]

---

@Anonymous wrote:

If you’re in their footprint, you’ll keep getting lots of letters but if you’re not, they seem to be sporadic with them. 

The value of the card depends on the categories you use. I personally love my ClearPoints and if they will give me a second one this summer, I may well go for it. 

The value of any of Chase’s card offerings for my spend is much less than what I can get with the ClearPoints card since category spending cards like the Freedom actually just prompt me to spend more than I normally would while a 3%/2% flex card I do my normal spending on. 

---

Totally agree. And don't get me started with SUB chasing...

[Anonymous]

---

@Anonymous wrote:
Ok. I live in one of their areas right now so I won't panic over apping right away.
I'm moving soon and will be out of the area but maybe by then I will have Cole to my senses. 🙄

---

It’s a great card... BBVA offers lots of bonus point offers too. Like the other day they sent an email for 5 bonus points up to 3000 points on gas. So an extra $30 cash back value on top of the regular 1/2/3 points per dollar depending on your category selections. 

It’s also got no rewards limits even on the 3% category you pick. And while the advertisement makes it seem like some categories are 3% and some are 2% like US Bank does with the Cash+ and their 5%/2%, you actually get a list of all categories and pick one for 3% and one for 2%. 

@mikesonthemend I have been pretty good about only going for SUBs when I have purchases planned which isn’t often but yes, if I spent more money than I do, I would go crazy for them. 

[Anonymous]

Hmmm... well, I'm hoping that my Discover Card graduates next month, so maybe I'll wait 'till after that.
Discover is currently my only category card and I was actually hoping to snag a Chase.
My other cards are mostly meh, so now that my scores are climbing I'm trying to strategically swap them out.
I currently have:
DCU - decent SL but nothing exciting.
FedEx- very low apr but no other bells or whistles. Low limit, not a grower.
Capitalone QS1- low limit and...meh
Navy - a keeper card.
Not in a hurry to close anything. More of a long-term goal.

[Anonymous]

If you want the Chase card, by all means. 

You can actually request a call back on the BBVA website since you’re in area and they’ll let you apply without a mailer but they mailed me like 4 of them before I finally jumped on one and then they mailed a final one after I already had the card so I wouldn’t worry about missing out, your EX is way better than mine was (670) when I got mine. 

[mikesonthemend]

Curious. Have you checked prequallify with Discover? I know your goal is Chase, but with a secured Disco, you may want to check if you are qualified for one of the unsecured cards. If you are, contact via chat or phone, tell them you were pre-qualified on their site and see if they will evaluate you. Most likely a soft pull. I imagine you will get a good result.

[Anonymous]

Thanks Mike, but I really don't want a second Disco