BBVA Compass’ Wallet App Allows ClearPoints Cardholders to Redeem Rewards in Real Time

BBVA Compass’ ClearPoints Card Gives Immediate Rewards Redemption

credit card news

Sean Garrity
By: Sean Garrity
Posted: October 21, 2016
Our finance experts and industry insiders blog the latest news, studies, current events, and other interesting tidbits from inside the credit card industry.

In a Nutshell: The BBVA Compass ClearPoints Card and its corresponding app, BBVA Wallet, provide customers with a clear-cut rewards program and up-to-date account information at their fingertips. With the ClearPoints card, customers can easily combine points from multiple accounts and then use those available points on any purchase, so long as a BBVA card is used for the transaction. The Wallet app gives customers access to a variety of features, including card activation, ClearPoints redemption, and the ability to make payments. The ClearPoints credit card also comes sans annual fee and offers cardholders an introductory APR on balance transfers and purchases. With an easy-to-use rewards system and the Wallet app, BBVA is setting the standard for the future of credit cards.

When it comes to credit cards, many look for the cards that best combine rewards, convenience, and customer service. I’ve had cards with miles, cash back rewards, and points, and I’ve had cards that combined miles with points and offered periodic incentives, which worked to double or triple points.

Cards offering 0% transfer fees are nice, too, especially when trying to pay off other cards with higher interest rates. All of these perks are great, but what happens when consumers want a card that makes rewards available immediately?

BBVA Compass logo

As an avid traveler, I often get a spontaneous urge to grab a plane ticket and embark on a long weekend getaway. But there’s nothing spontaneous or quick about trying to convert points into airline miles. That can take some time with many rewards policies.

Luckily, the BBVA Compass ClearPoints Card has solved this dilemma. Thanks to the BBVA Wallet app, using your rewards in real time is now a reality. As long as the points are available, you can use them while standing at an airline ticket counter.

The BBVA Compass ClearPoints Card and BBVA Wallet app also make it easy for consumers to earn points quickly with the added bonus of being able to combine points across other BBVA accounts. The features and capabilities of the card and app set them apart from the pack and point the way forward for how consumers spend and earn rewards in the 21st century.

BBVA Wallet and ClearPoints  — A Perfect Mix of Convenience & Rewards

Keeping up with the digital age, the BBVA Wallet app makes the ClearPoints card perfect for everyday use. While other cards also offer apps, the BBVA Wallet app is comprehensive and easy to use.

With the BBVA Wallet app, cardholders have direct, up-to-date access to their account information:

  • Card activation capabilities
  • Recent purchases
  • Statements
  • Current balance
  • Rewards balances and information

Acting as a virtual “wallet,” the mobile app gives you access to all your BBVA accounts in one location, which provides you the ability to manage all your accounts with a couple of taps and swipes. Transaction alerts send messages directly to your phone when you make a purchase so you always know what you are spending. With this feature, you will also know immediately if there is unauthorized spending on your account.

Collage of ClearPoints credit card and artistic rendering of the BBVA app

The BBVA Wallet app gives users access to all of their BBVA accounts in one location

Security is another great feature offered by the BBVA Wallet app. With your new card in hand, you can now activate the card using the app rather than calling an automated line. With the card number and security code from the signature panel, activation is simple and secure.

If you lose your card or think it might be stolen, the BBVA Wallet app gives you the ability to put an instant hold on your account. You can decide to put a temporary or permanent hold on transactions.

Additionally, the rewards offered through the ClearPoints card provide cardholders with the unique option to combine points from other BBVA accounts or cards, as well as use them in real time.

Let’s say you want to make a purchase at a retail store, and you want to use your points to offset some of the cost. Once you make a purchase with your BBVA Compass credit card, you will receive a notification on the app. You will then be able to use your rewards to cover part or all of the cost of the purchase. The best part is that you get to determine the reward amount.

ClearPoints Offers Flexibility and Ease of Use

Unlike some rewards programs, ClearPoints offers a rewards system users can control. Policies dictating how or where rewards points can be used are nonexistent with ClearPoints. The points can be used anywhere and under just about any circumstances, giving cardholders the flexibility to use the rewards as they please. If the points are available on your account, you can use them toward any purchase, so long as you use your BBVA Compass card for the transaction.

Collage of BBVA Wallet screenshot and photo of BBVA branch location

ClearPoints can be used anywhere, giving cardholders the flexibility to use rewards as they please.

Additionally, ClearPoints can be redeemed with just a few taps, thanks to the BBVA Wallet app, which gives you easy, real-time access to your account from your mobile device.

No Annual Fees Mean More Money for You

One of the most frequent and frustrating fees associated with a credit card is an annual fee. With the BBVA Compass ClearPoints Card, though, you never have to worry about paying an annual fee. This benefit gives the cardholder more control over their financial life and makes sure more money stays in your hands.

Earn Points, Combine Them, and Reap the Rewards

Earning points is easy. For every dollar spent, you earn one point. With this simple way to earn, you earn points faster, which means you can redeem rewards sooner.

Additionally, you can combine points from your BBVA Compass ClearPoints Card with other BBVA accounts, making your earning power that much stronger.

Stay on Top of Your Account with Email Alerts and Multiple Payment Options

You never have to worry about missing a payment thanks to email alerts. Simply sign up to receive an email alert when your payment is due.

You also have many different payment options, which makes paying your bill convenient and easy. With four different ways to pay, you can choose the one that is right for you. Pay by mail or through online banking, or you can choose to set up automatic debit or pay in a branch.

Real Time Rewards Redemption is the Wave of the Future

In today’s fast-paced, digital world, having a credit card that meets your needs is important. Rewards are great, but convenience and innovative ways to use those rewards are even better. I’m not sure when the urge for another spontaneous weekend trip will hit. But I know I’ll be using ClearPoints and BBVA Wallet to make the vacation a reality.

The unprecedented ability to use points to redeem rewards in real time sets the BBVA ClearPoints Card apart from the rest, and with their innovative product line, BBVA is setting the standard for the future of credit cards.