5 Things to Know About the BBVA Visa Business Rewards Credit Card

The BBVA Visa Business Rewards Credit Card offers rewards and perks for no annual fee, but eligibility is limited.
Sara Rathner
By Sara Rathner 
Updated
Edited by Kenley Young

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Perk-heavy small-business credit cards with massive sign-up bonuses typically have massive annual fees to match. But there are no-fee options that offer rewards, and one of them is the BBVA Visa® Business Rewards Credit Card.

The card features a sign-up bonus, ongoing rewards and free employee cards, all for an annual fee of $0.

However, there are some major blockers to qualifying for this card that may have you searching for alternatives.

Here are five helpful facts about the BBVA Visa® Business Rewards Credit Card.

🤓Nerdy Tip

This card was previously called the BBVA Compass Visa Business Rewards Credit Card. It once was an option for small-business owners with fair credit, but to qualify now, you must have excellent credit (FICO scores of 720 or higher).

1. Eligibility is limited

The BBVA Visa® Business Rewards Credit Card is available only to applicants in the following states:

  • Alabama.

  • Arizona.

  • California.

  • Colorado.

  • Florida.

  • New Mexico.

  • Texas.

If you live outside of these areas, consider a small-business credit card that’s available nationwide.

2. Earn easy rewards but no sign-up bonus

You’ll earn 1.5 points per $1 on all purchases. Keep in mind that points expire three years after they are earned, so you’re not going to want to hold onto them for too long. But you won't find a sign-up bonus for new cardholders.

3. Redemption options are limited

You can redeem points for statement credit or gift cards at a value of 1 cent per point. You must redeem at least 2,500 points.

Other business credit cards offer straight-up cash back, travel rewards or even merchandise redemption. Your plans for your rewards can affect which card is a good fit for you.

4. The ongoing interest rate is low compared to similar cards

The BBVA Visa® Business Rewards Credit Card offers an ongoing interest rate range that starts much lower for those who can qualify for it. Plus, it features a decent intro APR offer: 0% introductory APR for 9 months on purchases and 0% or 3.99% introductory APR on balance transfers requested within 90 days of account open date for one year, and then the ongoing APR of 9.24% - 23.24%, Variable.

Advertisement
NerdWallet rating 

5.0

/5
NerdWallet rating 

5.0

/5
NerdWallet rating 

4.6

/5

Annual fee 

$0

Annual fee 

$150

Annual fee 

$0

Regular APR 

18.49%-24.49% Variable APR

Regular APR 

N/A

Rates & Fees

Regular APR 

18.49%-26.49% Variable APR

Rates & Fees

Intro APR 

0% intro APR on Purchases for 12 months

Intro APR 

N/A

Intro APR 

0% intro APR on purchases for 12 months from the date of account opening

Likelihood of approval 

Likelihood of approval 

Likelihood of approval 

5. The intro APR for balance transfers can vary

Speaking of the card's intro APR offer, note that the rate you'll qualify for when it comes to balance transfers will depend on your credit history and credit score. That means you’re not guaranteed a window of time to pay down debt interest-free. A 3.99% APR is still low compared to typical credit card interest rates, but the card also charges a 4% balance transfer fee.

Compare Cards

One blue credit card on a flat surface with coins on both sides.
Smart money moves for your businessGet access to business insights and recommendations, plus expert content.
Sign up for free

Find the right credit card for you.

Whether you want to pay less interest or earn more rewards, the right card's out there. Just answer a few questions and we'll narrow the search for you.

Get Started
Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.