Newest BBVA Promotions: Best Offers, Coupons and Bonuses May 2020

BBVA Bank promotions include great credit card offers.

BBVA Bank operates 641 physical branches across the Sunbelt in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas, and also offers online and mobile banking options nationwide.

Like many banks, BBVA runs regular promotions to lure new customers. A GOBankingRates survey found that many respondents don’t investigate bank promotional offers, leaving free cash on the table. You can currently earn bonuses from BBVA Bank of up to $500 simply by qualifying and opening an account that is eligible for the rewards.

Read on to learn more about how you can take advantage of the BBVA bank promotions for May 2020.

BBVA Bank Promotions at a Glance

BBVA Bank only has one promotion listed this month, but the bonus is big at $500. Here’s a quick look:

Best BBVA Bank Promotions: May 2020
AccountCash Value of BonusExpiration Date
BBVA Select Credit Card$500None

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Current BBVA Bank Promotions, Bonuses, Coupons and Offers

Earning the BBVA cash bonus requires following a few steps. Keep reading for more details.

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

BBVA’s top-tier credit card earns you up to quadruple points on purchases, which you can redeem for cash or free travel. You’ll also have access to premium Visa perks such as free concierge service and travel and entertainment benefits. Here’s how to earn your bonus:

  • Cash value: $500
  • Availability: Only for residents of Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas
  • Minimum spend to qualify: Spend $4,000 with your Visa within the first 90 days of opening the account
  • Expiration date: None
  • How to get it: You must apply and get approved for the card and then spend $4,000 within the next 90 days.
  • When you’ll get it: Not specified
  • Terms and conditions: 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 annual fee (waived the first year)
  • Promotion pageBBVA Select Credit Card bonus offer

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Read On: Where To Get 5% Interest Savings Accounts

Past BBVA Bank Promotions, Coupons and Offers

Although BBVA Bank only offers a single bonus for May 2020, keep on the lookout for future promotions, which might involve other types of accounts. The following expired promotions can give you an idea of other BBVA Bank bonuses and how they work.

California Resident New Checking Account: $250 Bonus

BBVA has three checking accounts available: Free Checking, Online Checking and Premium Checking. All come with a Visa debit card that earns cash-back rewards as well as a low opening deposit requirement. Premium Checking is the only account that comes with a monthly maintenance fee of $19, but that can be waived by receiving at least $4,000 in monthly direct deposits or by keeping an average daily balance of $4,000 between all linked BBVA accounts.

This bonus gave new checking account customers up to $250 for meeting certain requirements. Here’s more:

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  • Cash value: Up to $250
  • Expiration date: Expired
  • How to get it: Customers were instructed to visit a BBVA Bank California branch to open a checking account and mention the offer, then receive at least one $500 direct deposit within the first 60 days to earn a $200 bonus. If they then opened a BBVA consumer savings account and had an account balance of at least $100 as of Aug. 31, 2019, BBVA awarded another $50.

BBVA Rewards Credit Card: $100 Bonus

The BBVA Rewards Visa lets you earn an unlimited 1.5% cash-back reward on all purchases. In addition to the $100 cash bonus, this offer included an additional 0.5% cash-back reward for those who received at least $1,000 in monthly direct deposits to a BBVA deposit account. They also got a 0% introductory annual percentage rate for 13 months on balance transfers initiated in the first 60 days of approval. Here’s more:

  • Cash value: $100, received in the form of an account credit on your card
  • Expiration date: Expired
  • How to get it: Customers had to apply and get approved for the card and then spend $1,500 in the first 90 days after opening the card account. No BBVA Bank coupon code was required.

BBVA ClearPoints Credit Card: $100 Bonus

The BBVA ClearPoints Visa lets you choose how you earn rewards points, up to double and triple the amount in categories of your choice each quarter. You’ll also get a introductory 0% APR for 13 months on balance transfers made in the first 60 days of approval. Here are the details of this bonus:

  • Cash value: $100, received in the form of an account credit on your card
  • Expiration date: Expired
  • How to get it: Customers were instructed to apply and get approved for the card and then spend $1,500 in the first 90 days after opening the account.

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Opening a BBVA Bank Account

You can open a BBVA Bank checking account online or by visiting a local branch. Note that some branches, such as those in California, have limited services due to COVID-19. Call 844-228-2872 to make an appointment at a local branch to open an account. To open an account, you’ll need to provide the following:

  • Contact information, including a home address, phone number and email address
  • Social Security number
  • Date of birth
  • Government-issued photo ID such as a driver’s license, state ID or passport
  • The funds required to open an account. If you’re opening an account in person, you can use cash, a check or a debit or credit card. To make an online transfer, you can use a debit card, credit card or your bank account information, including the routing number and bank account number.

Learn More: How Long Is a Check Good For?

Are BBVA Bank Promotions Right For You?

Because the May 2020 BBVA Bank promotion involves a credit card, you’ll have to qualify for it based on your credit score and history. If you have good credit, you’ll likely qualify and might find it worthwhile to open a new card account and pocket an extra $500. But if your credit history is limited or you have prior credit issues, you probably want to focus on rebuilding your credit before applying for a BBVA credit card.

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    This content is not provided by BBVA Bank. 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 Bank.

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

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