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BBVA Visa® Business Rewards credit card review

BBVA Visa® Business Rewards credit card review

Published: November 9, 2018
Published: November 9, 2018
Ratings Policy
Business Rating:
2.7 rating
2.7 rating
2.7 / 5
Rewards Value 1.4
Annual Percentage Rate 4.3
Rewards Flexibility 3.4
Features 4.0

In a Nutshell:

With an affordable interest rate and generous rewards, the BBVA Visa Business Rewards Credit Card card ranks high on our list of business cards.

Rewards Rate

  • 3:1 on office supplies
  • 2:1 on gas and dining
  • 1:1 on general purchases

Sign-up Bonus
20,000 points

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$685

APR
11.24-25.24%

Rewards Redemption
Pros

  • No blackout dates
  • No limit on the number of points you can earn
  • Redeem for cash back, account credits, gift cards, travel and merchandise
  • Pay for travel with partial points

Cons

  • Points expire after 36 months
  • Must go through BBVA to book rewards travel
  • Enrollment required for spending bonuse

Other Notable Features: Online tools to track employee spending, individual employee cards, individual credit limits for employees, itemized statements, discount on QuickBooks, $100,000 liability waiver for terminated cardholders, automatic purchase discounts, car rental insurance, purchase security, extended warranty, travel and emergency assistance

You won’t have trouble earning a generous number of points with this rewards card. The BBVA Visa Business Rewards credit card offers bonus points on a wide variety of spending relevant to your business, making it easy to rack up points just by using your card on everyday purchases.

The BBVA Visa Business Rewards card also offers a number of business-friendly benefits that make distributing the card to multiple employees relatively simple. Just be sure you can qualify for the card’s lowest rate before you apply. The minimum APR on the BBVA Visa is well below average, making it an ideal choice for cardholders with excellent credit. However, its maximum APR is on the high side for a business card, so check your credit score before you apply. Access to the BBVA Visa Business Rewards card is also limited. Only cardholders living near a BBVA Bank are eligible to apply.

Great rewards bonuses

The BBVA Visa Business Rewards credit card offers one of the more generous rewards programs on the market. The BBVA Visa card starts out by offering three points for every dollar spent on office supplies. You’ll also earn two points per dollar on gas and dining. Plus, you’ll still earn one point per dollar on everything else.These bonus categories are perfectly tailored to most business spending, and can help you rack up rewards quickly on the purchases you already make.

Flexible redemption

BBVA doesn’t limit the total number of points you can earn. So if your office spends heavily on routine expenses – such as utilities, health care, office supplies or gas – you can take home a substantial amount. We estimate that cardholders who spend at least $4,000 a month take home roughly $685 in rewards by the end of the year. You can also be eligible for a 20,000 point sign-up bonus to help boost rewards the first year.

BBVA makes the process of redeeming points relatively easy. You can redeem points for travel or for partial travel, cash, account credits, gift cards, or merchandise. Just be sure you redeem your points before they expire. BBVA only gives cardholders 48 months to redeem rewards.

Excellent benefits

In addition to a top-notch rewards rate, the BBVA Visa Business Rewards card also offers a solid suite of business-friendly benefits, including individual employee cards with customizable credit limits, itemized statements, online tools for tracking employee spending, discounts on QuickBooks and a liability waiver for unauthorized employee charges. The BBVA Visa card also offers standard credit card perks, such as purchase protection, travel and emergency assistance, and car rental insurance.

Low interest rate – for some

In addition, the BBVA card offers a low APR for cardholders with excellent credit. Cardholders with the best credit scores are charged a minimum of just 11.24 percent, which is well below average for a business card. By contrast, the average business card charges a minimum APR of 13.41 percent. The card’s maximum APR is well above average for a business card, though, making it a much riskier choice for cardholders with lower credit scores. Depending on your credit score, you can be charged an APR as high as 25.24 percent.

Why get the BBVA Visa Business Rewards card?

  • You spend heavily on routine purchases, such as gas, groceries, utilities, office supplies or insurance.
  • You want generous rewards you can customize.
  • You want a rewards card with a relatively low interest rate and have a high enough credit score to qualify for one of the card’s lower rates.
  • You already have an account with BBVA and want a card with the same bank.

How to use the BBVA Visa Business Rewards card:

  • To maximize your spending, use the card for all routine bills and expenses.
  • Before settling on a bonus category, carefully consider your spending and choose the category that you typically spend the most on.
  • Pay attention to the enrollment periods. You’ll need to manually opt in to take advantage of the card’s bonuses.
  • Use your card for any travel purchases in order to receive the travel benefits.

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