BB&T Spectrum Cash Rewards Visa: A Comprehensive Overview

The BB&T Spectrum Cash Rewards Visa is a standout option for individuals seeking a reliable cashback credit card. Issued by BB&T, part of Truist Financial Corporation, this card is crafted to offer exceptional rewards while maintaining user-friendly perks.

Card Type

The BB&T Spectrum Cash Rewards Visa is a cashback credit card. It allows cardholders to earn rewards on everyday purchases, making it an excellent choice for consumers looking to get more from their spending.

Annual Fee

One of the biggest advantages of the BB&T Spectrum Cash Rewards Visa is that it comes with no annual fee. This feature is especially appealing for those who want to maximize rewards without the burden of an upfront cost.

Rewards Program

The rewards program is a major highlight of this card. Cardholders can earn 3% cashback on qualifying groceries, 2% on gas, and 1% on all other purchases. Additionally, the card offers a unique feature that allows users to earn 3% on their top spending category each month, which can be selected from a list provided by BB&T. Rewards can be easily redeemed for statement credits or direct deposits into a BB&T checking or savings account, providing flexibility for cardholders.

Sign-Up Bonus

Upon opening a new account, the BB&T Spectrum Cash Rewards Visa offers a welcome bonus. To qualify, new cardholders must meet a minimum spending requirement within the first few months after account opening. Typically, this could range around $150 additional cashback after spending a qualifying amount.

APR (Annual Percentage Rate)

The regular APR for the BB&T Spectrum Cash Rewards Visa can vary based on creditworthiness and other factors but generally ranges between 15.24% to 25.24% for purchases. Newly approved cardholders might also benefit from a 0% introductory APR on purchases for the first 12 months, enabling users to finance larger expenses without incurring interest.

Foreign Transaction Fees

For travelers, it’s a relief to note that the BB&T Spectrum Cash Rewards Visa comes with no foreign transaction fees. This makes it an excellent choice for international use, allowing cardholders to make purchases abroad without worrying about extra costs.

Balance Transfer Options

The BB&T Spectrum Cash Rewards Visa does offer attractive balance transfer options. Users can typically transfer existing balances to this card with a 0% introductory APR for the first 12 months, making it easier to manage debt without accruing interest. However, a balance transfer fee may apply.

Additional Fees

While there are zero annual fees, cardholders should be aware of potential additional fees, such as a late payment fee that could reach up to $38 and a cash advance fee typically around 3% of the transaction amount.

Card Benefits and Perks

The BB&T Spectrum Cash Rewards Visa offers a variety of benefits, including travel insurance for covered trips, and concierge services for cardholders seeking assistance with reservations or information. Moreover, it provides access to exclusive offers and discounts through the Visa Signature program.

Customer Protections and Insurance

Cardholders can enjoy robust customer protections, including zero fraud liability, which ensures they won’t be responsible for unauthorized purchases. Other protections include purchase protection that covers new purchases against damage or theft for a limited time and rental car insurance, providing peace of mind during travel.

Eligibility and Credit Score Requirements

To qualify for the BB&T Spectrum Cash Rewards Visa, applicants should ideally possess a credit score of 700 or above. The card is available to a wide range of consumers, from those new to credit to seasoned credit users.

Introductory Offers

As mentioned, in addition to its usual APR rates, new cardholders can take advantage of 0% APR on purchases for 12 months as part of the introductory offer. This feature provides added flexibility for purchasing and budgeting.

Special Features or Unique Selling Points

The BB&T Spectrum Cash Rewards Visas ability to allow users to choose their top earning category each month sets it apart from other cashback cards in the market. This customization enables cardholders to maximize their rewards based on fluctuating spending patterns.

How to Apply

Interested applicants can easily apply for the BB&T Spectrum Cash Rewards Visa online or by visiting a local BB&T branch. For a direct application link, visit the ‘>Official Website for more details and to apply. For more financial insights, dont hesitate to check out UpCube.net for additional resources.