The ClearPoints BBVA Credit Card comes without an annual fee requirement, which is one of its main benefits. Once you sign-up, you get a $100 bonus.
Other key features include an initial APR promotion, which is quite reliable, a somewhat low regular APR, and no APR penalty. Also, for every 1 dollar you spend, you can get up to 3x points.
All of these benefits make this credit card a solid option for a general consumer. However, a person with great credit can easily opt for a better product.
Features
The ClearPoints credit card offers a rewards program that is mid-level at best, but the clients can benefit from choosing their bonus categories.
For example, the cardholder gets 3 points per 1 dollar spent on traveling, buying office supplies, or restaurant payments (only one category can be used). For either gas, buying utilities, or home improvement, the cardholder gets 2 points per 1 dollar spent, and for other purchases, only 1 point per $1 spent.
One of the main benefits of this versatile rewards program is the possibility to use the points on travel websites to fully or partially pay for the travel sale.
That may sound very attractive, but the points are only valid for 36 months. And the rate at which these points are being rewarded is not that great, which means it can be pretty difficult to accumulate enough points in time.
Benefits
New cardholders are eligible for a $100 bonus in statement credits, with the condition that they spend $1,500 in the opening 3 months of their membership. This sign-up bonus would be pretty fair if the cardholder would not have to spend an average of $500 each month for it.
The BBVA ClearPoints card offers interest rates starting at 12.74%, which is attractive compared to other options on the market. If a client qualifies for the lowest interest rate, this card is a good option for dealing with small debts. The highest interest rate for the card is 30.74%.
The Compass card has a starting offer aimed for balance transfers and purchases. For 13 months, you get a 0% fee for the earlier mentioned procedures, an offer which is quite great.
A minimum of either $10 or 4% is charged for balance transfers, compared to other cards that generally charge about 3%.
How to Apply
Applying for the international BBVA ClearPoints card is as easy as clicking here and following the steps described on their website.
Who is Eligible
For your card application to be approved, your credit should be in good condition. Furthermore, you need to be at least 21 years old to qualify. Your income and average income must also be compatible with the bank’s terms and conditions.
Fees and Interest
Like with any other credit card, it is essential to read the terms and the conditions. For foreign transactions using the Compass card, a 3% fee is applied, a standard rate. However, other credit cards offer better rates.
The representative APR is 11.24% – 29.24%, depending on your creditworthiness.
For cash-advance purposes, there is a 4% fee. A $37 fee is charged for being late on payments and in the case of a returned payment, there is a $27 charge.
Bank Contact Info
To prepare you for speaking directly with an agent, we recommend these steps.
- Download, install and log into the BBVA Mobile Banking Application
- Tap on the microphone button and just say the words “Customer Service”
- Get verified with your phone number and pick your Service Area
- Simply press “Call Now”
Online and Mobile Banking Customer Service: 1-800-273-1057
BBVA American Express Card Customer Service: 1-844-622-2282
International (Mexico) Customer Service: 001-866-342-2512
You can also find their main address at 15 20th Street S in Birmingham Alabama.
Summary
The ClearPoints card offered by BBVA is a good option for rebuilding one’s credit. A secured credit card such as an Optimizer card or better yet, an option such as the Select package, is recommended once you fix your credit issues. Make sure you consider your options carefully before choosing a credit card.
This is a long-term decision that needs research, and ensures that you choose the one that suits your needs the best!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
