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BBVA Rewards vs Clear Points card?

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Regular Contributor

BBVA Rewards vs Clear Points card?

I’m thinking I’m going to pull the trigger on one of these two cards, just wondering from the people who have them which is better. There is a BBVA branch about a mile from where I work, so opening an account to collect the unlimited 2% on the Rewards card is no problem for me.

My credit card journey started 3/2018



Summit Speed Card/Sync Car Care - $10000 CL
Discover It - $6500 CL
AMEX BCP - $10500 SL
BBVA Clear Points Rewards - $15300 SL
PayPal Mastercard - $6500 SL
Cap 1 Quicksilver - $1500 SL(DW’s card)
Credit One Platinum - $1500 (DW’s starter card)
Total CL - $51800

Cash back earned as of 11/1/19 - $1367

Less than 1% - Utilization at pretty much any given point

In the garden lettin’ ‘em grow!

FICO 8 Scores as of 10/25/19
754 Experian, 757 TransUnion, 763 Equifax

Goal cards:
Message 1 of 6
5 REPLIES 5
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Super Contributor

Re: BBVA Rewards vs Clear Points card?

What is your typical spend on and which rewards would benefit you more? Clear Points is great for the 3x/2x categories if your spend fits the bill.
Filed BK7: 7/2012 (start score EQ 560 / TU 529) Discharge 10/2012
740 EQ FICO 06/2018
750 TU FICO 06/2018
741 EX FICO 06/2018
$24k NFCU Platinum | $25k NFCU cashRewards Sig | $15k NavChek | $7.1k Cap1 Quicksilver | $10k Amazon Store | $19k Cap1 VentureOne | $16k Barclay Aviator | $5k Chase Freedom | $5k Chase Sapphire Preferred | $9k Costco Visa | $20k AMEX BCE | AMEX Gold
Message 2 of 6
Senior Contributor

Re: BBVA Rewards vs Clear Points card?

I have both, and have bank accounts with BBVA. The Rewards card is a 1.5% rewards unless you have $1k in monthly direct deposits to a BBVA account which makes it a 2% card, which I have. I recommend you start with Clear Points, it has one 3% & one 2% categories you choose quarterly, 1% all else, and the standard offer is 13 month 0%. $100 SUB for $1500 spend for either card I got it in March, $6100 SL, and they gave me an auto CLI to $7900 on the Oct. statement. And if you're thinking of banking with them this is a good time, they currently have a $200 SUB to open a checking account with direct deposit, another $50 SUB if you also do savings. Check Doctor of Credit and search "BBVA" for the link.

 

After getting Clear Points in April they had a $250 SUB for checking in Arizona only so that's when I moved my checking & DD to them. Then in July I was making a sizable deposit in branch and the teller pushed me to app for the Rewards card and I let her app for me, instant $6k approval. PaypPal 2% MC is my primary 2% card, I use it online only and carry BBVA Rewards in my wallet for 2% on any non-category spend, I spend much more on Clear Points. Very happy with BBVA, but then they've paid me $450 in just SUBS since March, plus good CC rewards, which will always put a smile on my face. Smiley Wink


Fico 08: 734/716/734 TU/EX/EQ
Message 3 of 6
Regular Contributor

Re: BBVA Rewards vs Clear Points card?

My first year is almost up with Discover, and after that I want a 2% card as my daily driver. I did the prequal and it showed a SL of $15,300 and APR of 16.49, which is by far better than my other 2 cards. I typically cycle between $4000-$4500 monthly on my It card. I’ll keep doing the 5% on it when it makes to, but I’ll need a new daily driver when the cash back match ends on it.

My credit card journey started 3/2018



Summit Speed Card/Sync Car Care - $10000 CL
Discover It - $6500 CL
AMEX BCP - $10500 SL
BBVA Clear Points Rewards - $15300 SL
PayPal Mastercard - $6500 SL
Cap 1 Quicksilver - $1500 SL(DW’s card)
Credit One Platinum - $1500 (DW’s starter card)
Total CL - $51800

Cash back earned as of 11/1/19 - $1367

Less than 1% - Utilization at pretty much any given point

In the garden lettin’ ‘em grow!

FICO 8 Scores as of 10/25/19
754 Experian, 757 TransUnion, 763 Equifax

Goal cards:
Message 4 of 6
Established Contributor

Re: BBVA Rewards vs Clear Points card?

Is your goal card of Amex BCP not available to you?



“If you don’t know, the thing to do is not to get scared, but to learn.” – Ayn Rand
Message 5 of 6
Regular Contributor

Re: BBVA Rewards vs Clear Points card?

It probably is (I’m pre-qualified for it too), but in a little over a month I lose my 2% daily driver because Discover’s cash back match ends. I want to secure a 2% card first, then eventually get the BCP for 3% gas and 6% groceries.

I talked to a BBVA CSR today that told me unless something changes with my credit before the HP that the $15,300 SL and 16.49% should be firm.

My credit card journey started 3/2018



Summit Speed Card/Sync Car Care - $10000 CL
Discover It - $6500 CL
AMEX BCP - $10500 SL
BBVA Clear Points Rewards - $15300 SL
PayPal Mastercard - $6500 SL
Cap 1 Quicksilver - $1500 SL(DW’s card)
Credit One Platinum - $1500 (DW’s starter card)
Total CL - $51800

Cash back earned as of 11/1/19 - $1367

Less than 1% - Utilization at pretty much any given point

In the garden lettin’ ‘em grow!

FICO 8 Scores as of 10/25/19
754 Experian, 757 TransUnion, 763 Equifax

Goal cards:
Message 6 of 6
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