Cashback Rewards Visa® Card - UNLIMITED 2% - FNBO

[JNA1]

@Saeren

That’s disappointing to hear! We were thinking about changing over our banking to BBVA. What you are talking about sounds like our current bank now. I loved our bank, but they were bought out by CenterState, and they've been terrible.
I’ve really liked this BBVA card so far.

[Anonymous]

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@JNA1 wrote:
@Saeren

That’s disappointing to hear! We were thinking about changing over our banking to BBVA. What you are talking about sounds like our current bank now. I loved our bank, but they were bought out by CenterState, and they've been terrible.
I’ve really liked this BBVA card so far.

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@JNA1 wrote:
@Saeren

That’s disappointing to hear! We were thinking about changing over our banking to BBVA. What you are talking about sounds like our current bank now. I loved our bank, but they were bought out by CenterState, and they've been terrible.
I’ve really liked this BBVA card so far.

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Yeah they don't even have a full fee disclosure.

https://www.bbvausa.com/disclosure/free-checking/colorado.html

It tells you to check your account disclosure for specific fees but I went all my documentation and there isn't one. I called and asked for one and they told me that I would have to go to the branch to get it. Yeah, the branch is not gonna happen so I'll just axe the account and stick with my bank. To this very moment I am still not sure if they charge a fee for an outgoing transfer to another bank. I would just use Zelle but they signed up with Zelle and then never implemented it and their Popmoney service has no way to set it up that I can find...

ETA... as in I was about to post this... I just logged on my BBVA account to see if Popmoney had to be set up in the app and it popped up with updated terms and in them, there's a fee schedule at the bottom. Its apparently $3 to send an ACH transfer to an external account... Now why was that so hard to find out? They actually only charge $15 for a domestic wire even which makes them cheaper than my bank on both for those ($10 for outbound ACH, $30 for outgoing domestic wire, $10 for incoming domestic wire).

So I guess I finally know what the charge is. That's not bad. Its not NFCU (free) but its better than my bank now. Unfortunately I already lost confidence in them as a bank. Also the app didn't have a way to back out of the terms to get back to the acceptance box... Had to close the app and restart it to accept them. 🤦‍♂️

We have veered way off topic though. If you want to discuss BBVA further, feel free to send me a PM or make a new post in Personal Finance asking about BBVA and you can get opinions from multiple members.

[Anonymous]

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@Anonymous wrote:

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ETA... as in I was about to post this... I just logged on my BBVA account to see if Popmoney had to be set up in the app and it popped up with updated terms and in them, there's a fee schedule at the bottom. Its apparently $3 to send an ACH transfer to an external account... Now why was that so hard to find out? They actually only charge $15 for a domestic wire even which makes them cheaper than my bank on both for those ($10 for outbound ACH, $30 for outgoing domestic wire, $10 for incoming domestic wire).

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Just like we would avoid credit cards with "nuisance" fees, such as one that charges for CLIs, I would advise avoiding banks that charge for ACH, simply no need for it.   Or at any rate have one bank that doesn't charge, and do all your bank pushes and pulls from there.   This works except for those few banks (e.g. MySavingsDirect) that don't accept external ACH requests and require you to do everything from their bank  (although they don't charge either)

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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ETA... as in I was about to post this... I just logged on my BBVA account to see if Popmoney had to be set up in the app and it popped up with updated terms and in them, there's a fee schedule at the bottom. Its apparently $3 to send an ACH transfer to an external account... Now why was that so hard to find out? They actually only charge $15 for a domestic wire even which makes them cheaper than my bank on both for those ($10 for outbound ACH, $30 for outgoing domestic wire, $10 for incoming domestic wire).

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Just like we would avoid credit cards with "nuisance" fees, such as one that charges for CLIs, I would advise avoiding banks that charge for ACH, simply no need for it.   Or at any rate have one bank that doesn't charge, and do all your bank pushes and pulls from there.   This works except for those few banks (e.g. MySavingsDirect) that don't accept external ACH requests and require you to do everything from their bank  (although they don't charge either)

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Yeah if I need to send ACH, which is very rare, I use Zelle to send money to NFCU and push it from there. 

I would just make NFCU my primary if I did ACH but I like my bank and it's a tangled mess to change bank accounts when you get Medicaid anyway. 

[Anonymous]

Creditfan, Thanks for the post. 

And, Aim_High, thank you for your service.

Not to turn this into a 2% cash back card thread, but I have been very happy with my SDFCU 2% back card.  I don't know what the minimum cash back redemption is, but I have redeemed for less than $15. 

SDFCU does outsource their telephone customer service though, to some company that handles multiple different credit unions; so the reps are not well informed.

[Aim_High]

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@Anonymous wrote:

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@Aim_High wrote:

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@Anonymous wrote:

Screw PenDread

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Why so anti-PenFed @Anonymous? 

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I have been soured by a number of things but one thing that really annoyed the crap out of me was that they told me that 2 cards in 6 months was too much when I was like 3/36.  PenDread really doesn't like you unless you have six figures like yourself where Navy Federal treats everyone the same across the board. A poor person like myself can get far with NFCU where PenDread will either tell us to kick rocks or take $500 and be happy with it. NFCU embodies the "credit union for the people" ethos much more than PenDread IMO. I won't bother trying them again.

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Sorry for your experience with them but thanks for that perspective.  I do wonder how much the disparity with PenFed is not just wealth-influenced but former-military influenced.  Yes, lenders do tend to like different credit profiles.  I've found it interesting how evident that is on both ends of the spectrum and there is probably a preference either way, so it's not all anti-wealth.  There are cards and apps where my financial progress made little if any difference, such as my recent approval for a second Discover card at a $1K SL, which I declined and closed.  On the other hand, I imagine my income, credit scores, and 19-year history combined helped me open five new Chase cards in less than 18 months and get a very high total credit line with them. 

[calyx]

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@JNA1 wrote:
@Aim_High

That 2% chart would be awesome if you have time to do it. I think it would be a great tool to use making decisions of which 2% cards to go with.

I recently went with the PPMC, and I have no issues with it so far, but I can the lack of good notification system and using the PayPal site for online banking leaves a lot to be desired.

As much as I like my new BBVA ClearPoints card, I’m considering gardening for a while and getting the BBVA Rewards card. It’s a flat 2% card, but you do have to have a BBVA checking account. It’s one of the few 2% cards with a SUB and 13 months 0% APR. I a love BBVA’s online banking and app is awesome. They process payments and post rewards quicker than any of my cards, including my Discover.

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I echo the sentiment that a 2% chart would be great.

I went with SDFCU because of the No-FTF, low APR, and it does come with an SUB, so I'd be happy to contribute the data/quirks there, too.

[Anonymous]

For those that want a 2% chart, do the equivalent of being a guinea pig and make it for the team!  AFAIK, no-one has all the cards, so it's mainly relying on publically available material.

[Anonymous]

Literally the first time I’ve heard of this particular card or a card with a rewards program similar (I know Citi? has a 2% on everything card, but it’s 1% back and then the additional 1% when you pay your balance. This appears to just be a flat 2% with no annual fee) Just wanted to post this in case anyone finds it beneficial. I also believe they’ll pull Experian for the app.

<br>Edit: apparently it’s a limited time time offer for all applicants before 03/04/2020<br>

[Anonymous]

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@Anonymous wrote:
Literally the first time I’ve heard of this particular card or a card with a rewards program similar (I know Citi? has a 2% on everything card, but it’s 1% back and then the additional 1% when you pay your balance. This appears to just be a flat 2% with no annual fee) Just wanted to post this in case anyone finds it beneficial. I also believe they’ll pull Experian for the app.

<br>Edit: apparently it’s a limited time time offer for all applicants before 03/04/2020<br>

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First time you have heard of a similar rewards card? There are plenty of them with CUs, PayPal Cashback, Fidelity, many banks (as long as you get a direct deposit of a certain amount there)...

PayPal Cashback is probably the most straightforward and the easiest to get provided you are willing to put up with Synchrony not having transaction notifications or an app. There's no minimum redemption threshold, no FTF, and you get actual cash back instead of statement credit.

FNBO is said to be a bit conservative and doesn't like credit seeking.