The BBVA Compass Select Credit Card is offering 20,000 bonus points after $2,000 in purchases within the first 90 days of account opening. This is redeemable for a $200 statement credit making it one of our top bonus offers so far in 2015.
Earning CompassPoints with BBVA Compass Build Your Own Rewards is as simple as picking your own category:
- Choose 1 category to earn 3 points per $1 spent.
- Choose 2 categories to earn 2 points per $1 spent.
- Earn 1 point per $1 spent on all of your other purchases.
According to the cards application you have the potential to earn more than $1,000 in value during the first year your account is open with the Select Credit Card rewards and benefits. BBVA Compass Select Credit Card customers will earn 1,000 additional CompassPoints every month that you make $5,000 or more in qualifying purchases. One of the top rewards include a $100 Orbitz Travel Card after making $20,000 in qualifying purchases. Although, you would be better off with a Hilton HHonors card or similar to earn Gold status which is worth tons more than a $100 card to use on Orbitz. Orbitz actually has promotions all the time you can save almost $100 without paying an annual fee.
CompassPoints are valued at 1% of one dollar in qualifying purchases (20,000 points = $200.00), and there is no limit to how many points you can earn with no expiration date. There’s no expiration date on CompassPoints as long as your credit account remains active for 12 consecutive months.
Other benefits include no foreign transaction fees charged for any of your purchases abroad and complimentary Hertz Gold Plus Rewards Membership which allows you to skip the counter during rentals and receive exclusive discounts and free rental days.
One major catch is that you need to live in Alabama, Arizona, California, Colorado, Florida, New Mexico, or Texas, and you’ll have to apply by phone at 1-800-COMPASS or in person at a BBVA Compass branch. Another con to the card is that it has an annual fee after the first year but you can always get your bonus then cancel or ask for them to waive the fee which has worked with many cards lately since they want to keep you as a cardholder.
After a year is up and you want to avoid the $125 annual fee you can maintain Premier Personal Banking membership status or call a representative and see if they can do anything about the fee. The Premier Personal Banking program is for customers who have a BBVA Compass consumer checking account and maintain at least $100,000 in consumer deposits at BBVA Compass.