BB&T Spectrum Cash Rewards Credit Card: A Comprehensive Overview

The BB&T Spectrum Cash Rewards credit card, issued by Truist Financial Corporation (formerly BB&T and SunTrust), is designed for individuals seeking an attractive cashback rewards program. This card offers a competitive array of features, making it a viable option for both casual spenders and everyday consumers aiming to maximize their rewards from purchases.

Card Type

The BB&T Spectrum Cash Rewards card is classified as a cashback credit card. It is well-suited for users who wish to earn cash back on their everyday spending, without the complexities of points or miles redemption that are common in traditional travel or rewards credit cards.

Annual Fee

One of the most appealing aspects of the BB&T Spectrum Cash Rewards card is that it comes with no annual fee. This feature allows users to enjoy the benefits of the card without an additional financial burden.

Rewards Program

This credit card features a robust rewards structure that includes earning 3% cash back on purchases made in certain categories, such as grocery stores, gas stations, and restaurants, along with 1% cash back on all other purchases. The more you spend in the bonus categories, the more rewards you earn. Cash back can be redeemed in various ways, including as a statement credit, a deposit into a BB&T bank account, or even a check sent to the cardholder.

Sign-Up Bonus

Upon approval and as part of its promotional offer, new cardmembers can earn a welcome bonus of $200 after spending $1,000 in qualifying purchases within the first 90 days of account opening. This attractive bonus further incentivizes new users to engage with their new card.

APR (Annual Percentage Rate)

The BB&T Spectrum Cash Rewards card features a regular APR of 15.24% to 25.24%, depending on the applicant’s creditworthiness. New cardholders can benefit from a 0% introductory APR on purchases for the first 12 months, allowing users to spread payments without incurring interest in that timeframe.

Foreign Transaction Fees

Traveling abroad? The BB&T Spectrum Cash Rewards credit card does not impose foreign transaction fees, making it an excellent choice for frequent travelers who want to use their card internationally without worrying about extra charges.

Balance Transfer Options

For those looking to manage existing credit card debt, this card offers flexible balance transfer options. New cardmembers can transfer balances with a promotional 0% APR for the first 12 months, though a balance transfer fee of either 3% of the balance transferred or $10 (whichever is greater) applies.

Additional Fees

While the BB&T Spectrum Cash Rewards card is generally free of many common fees, cardholders should be aware of certain additional fees. Late payments can incur fees up to $39, and cash advances may come with a fee of either 4% of the transaction or $10 (whichever is greater).

Card Benefits and Perks

This card comes with several exciting benefits and perks, including travel accident insurance, purchase protection, and access to identity theft protection services. Additionally, cardholders receive special offers and discounts through BB&Ts rewards program, enhancing the overall value of the card.

Customer Protections and Insurance

BB&T places a high priority on customer protections. Cardholders benefit from $0 liability for unauthorized purchases, ensuring peace of mind in case of fraud. Furthermore, purchase protection covers new purchases against damage or theft for a limited time, and rental car insurance is also included when the card is used to reserve the vehicle.

Eligibility and Credit Score Requirements

To qualify for the BB&T Spectrum Cash Rewards card, applicants typically need a credit score in the range of Good to Excellent (670 – 850). Other eligibility factors may include income and overall credit history, so potential applicants should keep these in mind when applying.

Introductory Offers

As mentioned earlier, new applicants can take advantage of a 0% introductory APR on purchases and balance transfers for the first 12 months, providing ample time to strategize financial plans and manage payments without accruing interest.

Special Features or Unique Selling Points

One of the standout features of the BB&T Spectrum Cash Rewards card is its flexible redemption options for cashback rewards. Cardholders can also consolidate their finances through balance transfers with the 0% APR offer, making it a practical and efficient choice for many consumers.

How to Apply

Applying for the BB&T Spectrum Cash Rewards card is a straightforward process. Interested individuals can UpCube.net provides additional financial insights and comparisons to help in your decision. Dont hesitate to