Newest BBVA Promotions, Bonuses, Offers and Coupons: January 2021

BBVA Compass bank promotions

Sunbelt-based BBVA is one of the largest commercial banks in the United States and a leading Small Business Administration loan lender. The bank, which offers online and mobile banking options nationwide, also operates physical branches in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.

Like other banks, BBVA wants to attract new customers. In exchange for opening an account and meeting requirements, you can earn a promotional bonus, which can come in handy during the current economic downturn.

One of the best things about these current BBVA promotions is that they feature spending requirements minimal enough that most people can meet them. Here’s what you need to know.

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 savings plan. When you set up automatic deposits and follow through with the plan, BBVA will match 1% of the amount you transfer into the savings account. Here are the details:

  • Cash value: Up to $50
  • Minimum deposit to qualify: $150
  • Expiration date: N/A
  • How to get it: Open a Build My Savings account and set up recurring automatic transfers from your checking account for $25 or more.
  • When you’ll get it: Not specified
  • Terms and conditions: To be eligible for the bonus, you must have a BBVA checking and savings account. Accounts are subject to credit approval. The account converts to a BBVA Savings account at the end of the savings plan term.
  • Monthly fee: $3 per paper statement fee every quarter; waive by opting for online statements only.
  • Promotion page: BBVA Build My Savings bonus offer
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Everyday Heroes Credit Cards: 5,000 Bonus Points ($50 Value)

BBVA recognizes the contributions of military personnel, law enforcement officers, firefighters, healthcare providers and teachers. They enjoy perks like rate discounts on loans, fee waivers and bonus points for credit cards. To earn this offer, you’ll need to open a BBVA Everyday Hero coded consumer checking account, plus a BBVA Rewards credit card or BBVA ClearPoints credit card. Here’s what you need to know:

  • Cash value: $50
  • Minimum spend to qualify: $500
  • Expiration date: N/A
  • How to get it: Open a BBVA Everyday Heroes coded consumer checking account. Then, open either a BBVA Rewards credit card or BBVA ClearPoints credit card within 60 days. Finally, make $500 in purchases within 30 days of opening the credit card. No BBVA coupon codes are 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. The offer cannot be combined with other BBVA Bank offers.
  • Annual fee: None
  • Promotion page: Everyday Heroes credit card bonus offer

BBVA Select Credit Card: 50,000 Bonus Points ($500 Value)

BBVA’s top-tier credit card earns you up to quadruple points on purchases that you can redeem for cash or free travel. You’ll also have access to premium Visa perks such as free concierge service, no foreign transaction fees and travel insurance. Here’s how to earn the bonus:

  • Cash value: $500
  • Minimum spend to qualify: $4,000
  • Expiration date: N/A
  • How to get it: Open a new BBVA Select credit card and spend $4,000 within 90 days of account opening.
  • When you’ll get it: Not specified
  • Terms and conditions: This credit card is only available in Alabama, Arizona, California, Colorado, Florida and Texas. 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 for the first year and for customers with Premier Personal Banking status.
  • Promotion page: BBVA Select Credit Card bonus offer

How To Open a BBVA Account

You can open a BBVA checking account online, by phone or at a local branch. Here’s what you need to do:

  1. Gather the necessary documentation, including your contact information, Social Security number, and government-issued ID.
  2. Choose the account you want to open. Check for availability in your state, as this can vary.
  3. Complete the application to open the account.
  4. Fund the account with at least the minimum opening deposit of $25.

    Is BBVA the Right Bank for You?

    BBVA bonuses shouldn’t be the only factor you consider when choosing a bank. Instead, you should select a bank that offers the products and services that can best help you reach your financial goals. Overall, BBVA might be worth switching to if you live in the bank’s service area and can use the products being promoted.

    Information on promotions is accurate as of Jan. 21, 2021. Additional requirements may apply. Offers and terms are subject to change.

    This content is not provided by BBVA. 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.

    This article has been updated with additional reporting since its original publication.

    About the Author

    Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.

    Newest BBVA Promotions, Bonuses, Offers and Coupons: January 2021
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