Newest BBVA Promotions, Bonuses and Offers: June 2020
BBVA Bank operates 641 physical branches across the Sunbelt in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas. It also offers online and mobile banking options nationwide.
Like many banks, BBVA runs regular promotions to attract new customers. A GOBankingRates survey found that many respondents don’t investigate bank promotional offers, leaving free cash on the table.
Read on to learn more about how you can take advantage of the BBVA bank promotions for June 2020.
BBVA Bank Promotions at a Glance
BBVA has a savings account bonus and three credit card bonuses on tap this month. Here’s an overview:
Best BBVA Promotions: June 2020 | ||
Account | Cash Value of Bonus | Expiration Date |
Build My Savings | Up to $50 | None |
Everyday Heroes Credit Card | $50 | None |
Select Credit Card | $500 | None |
ClearPoints Credit Card | $100 | June 30 |
More on Checking: 10 Banks Offering Free Checking With No Minimum Balance
Current BBVA Bank Promotions
You’ll need to follow a few steps to earn the BBVA bonuses. Keep reading for more details.
Best Savings Account Promotions
A savings account can help you set aside money for a new car or house, vacation or emergencies. This BBVA savings account bonus gives you a little head start.
BBVA Build My Savings: Up To $50 Bonus
If you have trouble sticking to a savings plan, this bonus is for you.
All you need to do is open a Build My Savings account and set up a six-month or 12-month savings plan. BBVA will match 1% of your transfer amount.
Here are the details:
Cash value: Up to $50
Minimum deposit to qualify: $25
Expiration date: None
How to get it: Open a Build My Savings account and set up recurring automatic transfers from your checking account for $25 or more. Choose a six-month or 12-month plan and meet the requirements. BBVA will match 1% of your total transfer amount with a maximum of $25 for a six-month plan and $50 for a 12-month plan.
When you’ll get it: Within 30 calendar days of successfully completing your savings plan
Terms and conditions: To receive the bonus, you must complete your savings plan. You can’t cancel or stop your transfers or reduce the number of transfers.
Monthly fee: $3 per paper statement fee every quarter, but waived if you turn off paper statements through online banking
Promotion page: BBVA Build My Savings bonus offer
More on the Balancing Act: Why and How To Balance a Checkbook
Best Credit Card Account Promotions
These BBVA credit card offers can give you access to valuable rewards and put more cash in your pocket. Read on for the details.
Everyday Heroes Credit Cards: $50 Value
BBVA recognizes the contributions of military personnel, law enforcement officers, firefighters, healthcare providers and teachers by offering interest rate discounts on several products. If you work in one of these professions, you can also apply for a BBVA Rewards or BBVA ClearPoints credit card and earn a cash bonus.
Here’s what you need to know:
Cash value: $50
Minimum spend to qualify: $500
Expiration date: None
How to get it: Open an Everyday Heroes checking account, then apply for a BBVA Rewards or BBVA ClearPoints credit card. After approval, make $500 in purchases within 30 days of opening the card. No BBVA coupon code is required.
When you’ll get it: Within 60 days of meeting the requirements
Terms and conditions: Balance transfers and purchases using a personal identification number don’t qualify.
Annual fee: None
Promotion page: Everyday Heroes Credit Card bonus offer
BBVA Select Credit Card: $500 Value
BBVA’s top-tier credit card earns you up to quadruple points on purchases, which you can redeem for cash or free travel. You’ll also have access to premium Visa perks such as free concierge service and travel and entertainment benefits.
Here’s how to earn the bonus:
Cash value: $500
Availability: Only for residents of Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.
Minimum spend to qualify: $4,000
Expiration date: None
How to get it: You must apply and get approved for the card and then spend $4,000 within the next 90 days.
When you’ll get it: Not specified
Terms and conditions: Balance transfers, cash advances, credit card fees and purchases made using a PIN do not count toward the $4,000 minimum spending amount.
Annual fee: $99 (waived the first year)
Promotion page: BBVA Select Credit Card bonus offer
BBVA ClearPoints Credit Card: $100 Bonus
The BBVA ClearPoints Visa lets you choose how you earn rewards points up to double and triple the amount in categories of your choice each quarter. You’ll also get a 0% introductory annual percentage rate for 13 months on balance transfers made in the first 60 days of approval. Here are the details:
Cash value: $100, received in the form of an account credit on your card
Minimum spend to qualify: Spend $1,500 with your Visa within the first 90 days.
Expiration date: June 30
How to get it: Apply and get approved for the card and then spend $1,500 in the first 90 days of opening the card account.
When you’ll get it: Not specified
Terms and conditions: Not available to current BBVA credit cardholders
Annual fee: None
Promotion page: BBVA ClearPoints credit card bonus offer
Past BBVA Bank Promotions, Offers and Bonuses
The following expired promotions can give you an idea of other BBVA Bank bonuses and how they work. You might even see similar offers pop up in the future.
California Resident New Checking Account: $250 Bonus
BBVA has three checking accounts available: Free Checking, Online Checking and Premium Checking. This bonus gave new checking account customers up to $250 for meeting certain requirements.
Here’s more:
Cash value: Up to $250
Expiration date: Expired
How to get it: Customers were instructed to visit a BBVA Bank California branch to open a checking account and mention the offer, then receive at least one $500 direct deposit within the first 60 days to earn a $200 bonus. If they then opened a BBVA consumer savings account and had an account balance of at least $100 as of Aug. 31, 2019, BBVA awarded another $50.
BBVA Rewards Credit Card: $100 Bonus
The BBVA Rewards Visa lets you earn an unlimited 1.5% cash-back reward on all purchases.
In addition to the $100 cash bonus, this offer included an additional 0.5% cash-back reward for those who received at least $1,000 in monthly direct deposits to a BBVA deposit account. They also got a 0% introductory APR for 13 months on balance transfers initiated in the first 60 days of approval.
Here’s more:
Cash value: $100, received in the form of an account credit on your card
Expiration date: Expired
How to get it: Customers had to apply and get approved for the card and then spend $1,500 in the first 90 days after opening the card account.
Learn about Investing: How To Know When To Sell Stocks
How To Open a BBVA Account
Even without a BBVA checking account bonus, it’s worthwhile to open an account. You can open a BBVA Bank checking account online or by visiting a local branch.
Does BBVA have free checking? It does, and it also offers Convenience Checking for frequent travelers and Premium Checking for those who want to earn interest.
You can open an account online or in person. Note that some branches, such as those in California, have limited services due to COVID-19. Call 844-228-2872 to make an appointment at a local branch to open an account.
Here’s what you’ll need to provide:
Contact information, including a home address, phone number and email address
Social Security number
Date of birth
Government-issued photo ID such as a driver’s license, state ID or passport
The funds required to open an account. If you’re opening an account in person, you can use cash, a check, or a debit or credit card. To make an online transfer, you can use a debit card, credit card or your bank account information, including the routing number and bank account number.
Everything You Need To Know: How To Open a Bank Account Online
Is BBVA Worth the Switch?
BBVA might be worth switching to if you live in the bank’s service area and can use the products being promoted. It’s an especially good time to switch over if you’re a military member, law enforcement officers, firefighter, healthcare provider or teacher because you can take advantage of a special offer.
The credit card bonuses require qualifying based on your credit, so if you’ve had issues with credit in the past, you might want to take some time to boost your credit score.
More on BBVA
More Bank Promotions
Rates, offers and requirements are subject to change.
This content is not provided by BBVA Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by BBVA Bank.
This article has been updated with additional reporting since its original publication.
This article originally appeared on GOBankingRates.com: Newest BBVA Promotions, Bonuses and Offers: June 2020
