BB&T Spectrum Travel Rewards Credit Card Review

BB&T Spectrum Travel Rewards Credit Card is a cashback credit card issued by BB&T. If you're wondering whether BB&T Spectrum Travel Rewards Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
• Signup bonus. Offers a signup bonus of 20000 points after spending $2,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. BB&T Spectrum Travel Rewards Credit Card has a variable purchase APR that ranges from 14.74% up to 23.74%.
• Annual fee waived the first year. BB&T Spectrum Travel Rewards Credit Card gives you the chance to have the card for a year without paying the $89 annual fee.
• 3% Balance transfer fee. BB&T Spectrum Travel Rewards Credit Card charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $10.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, Global Entry / TSA Precheck Fee Credit, travel assistance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

BB&T Spectrum Travel Rewards Credit Card Pros and Cons:

The Good

The Bad

Earn 2x miles on air/hotel/car rentals and 1x miles on all other eligible purchases Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 15 months. Annual fee waived during the first year. Multiple credit card perks. Offers auto rental collision damage waiver. Extended warranty on purchases. Free access to your credit score. Global Entry / TSA Precheck Fee Credit. Travel assistance insurance No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. BB&T Spectrum Travel Rewards Credit Card reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.

Requires good to excellent credit. Charges an annual fee of $89 Charges a 3% balance transfer fee.

Is there a BB&T Spectrum Travel Rewards Credit Card cash back or rewards program?

BB&T Spectrum Travel Rewards Credit Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With BB&T Spectrum Travel Rewards Credit Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash.

BB&T Spectrum Travel Rewards Credit Card Rewards

Rewards rate (all purchases)	1%
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	20000
Signup Bonus Spend Requirement	$2000
Signup Bonus Spend Period (months)	3 months
Annual Loyalty Bonus	$50

What are the BB&T Spectrum Travel Rewards Credit Card benefits?

BB&T Spectrum Travel Rewards Credit Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Assistance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for BB&T Spectrum Travel Rewards Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. BB&T Spectrum Travel Rewards Credit Card has lower than average purchase APRs.

BB&T Spectrum Travel Rewards Credit Card has a variable purchase APR that ranges from 14.74% up to 23.74%. The card has a variable balance transfer APR that ranges from 14.74% up to 23.74%. It also has a variable cash advance APR starting at 23.74% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for BB&T Spectrum Travel Rewards Credit Card?

The following fees apply to BB&T Spectrum Travel Rewards Credit Card:

• There is no overlimit fee

BB&T Spectrum Travel Rewards Credit Card Fees

Fees	Amount
Annual Fee	$89
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$38

Does BB&T Spectrum Travel Rewards Credit Card report your account activity to credit bureaus?

BB&T Spectrum Travel Rewards Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for BB&T Spectrum Travel Rewards Credit Card

• Visit the BB&T Spectrum Travel Rewards Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.