BBVA Compass Visa Signature Credit Card Review

By Dan Rafter / October 5, 2016
BBVA Compass Visa Signature

Verdict:

The BBVA Compass Visa Signature credit card comes with an easy to understand rewards program.

The card also offers an introductory interest rate of 0% for all balance transfers for one year. And, depending upon your credit score, a low purchase interest rate as well.

These perks make this card a solid one for anyone who uses their credit cards often and carries a balance from one month to the next.

Overview:

This is a card designed for consumers who have already shown a history of paying their credit card bills on time.

You’ll need strong credit to qualify for this card. That’s why its purchase interest rate is so low.

On top of that, it also offers a decent rewards program.

How The Rewards Program Works:

Cardholders earn one rewards point for every dollar that they spend with their Compass Visa Signature credit card. This works out to a 1% rewards program.

They can then redeem their purchases for a wide variety of items, everything from credits to their accounts, gift cards, merchandise and travel rewards.

Travel and Shopping Benefits:

The card offers other perks, too.

It comes with no pre-set spending limit and does not charge an over-the-limit fee because of this.

Cardholders can take advantage of a free 24-hour concierge service that can help them make travel plans, set dining reservations and complete other necessary, but time-consuming, tasks.

Cardholders can also purchase tickets to Broadway shows, sporting events and concerts before the general public.

Fees:

This card charges no annual fee. The Compass Visa Signature card comes with impressive purchase interest rates.

Those cardholders with the highest credit scores will nab an interest rate as low as 9.49 percent. Those with lower scores will still only gain a purchase interest rate as high as 13.49 percent.

Cash advances cost $10 or 4 percent of the advance amount, whichever is higher. The card’s returned-payment fee can be as high as $25, while its late-payment fee can run as much as $35.

The Bottom Line

Pros:

  • No annual fee.
  • Low purchase interest rate.
  • Rewards program.
  • Introductory offer of 0 percent interest on balance transfers for a full year.

Cons:

  • Cardholders can’t earn more rewards points for any purchases.

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