BB&T Spectrum Travel Rewards Credit Card Review

This 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 review will provide you with with all the details you need to make a good choice.

• 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 13.24% up to 22.24%.
• 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 3% on balance transfers. For example, a balance of $1,000 could cost $30 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, emergency support, extended warranty protection on purchases, identity theft protection, travel accident insurance, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good

The Bad

Potentially 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 Pre✓®. Identity Theft Protection. Travel accident and travel assistance insurance. No foreign transaction fee. Cardholders can earn rewards on their purchases. BB&T Spectrum Travel Rewards Credit Card reports to multiple credit bureaus.

Charges an annual fee of $89 Charges a 3% balance transfer fee.

Does BB&T Spectrum Travel Rewards Credit Card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 2% for purchases in a bonus category.

BB&T Spectrum Travel Rewards Credit Card Rewards

Minimum rewards rate	1x
Max rewards rate	2x
Annual rewards limit	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?

It provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Extended Warranty Protection
• Zero fraud liability
• Travel Accident Insurance
• Travel Assistance
• 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 regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

BB&T Spectrum Travel Rewards Credit Card has a variable purchase APR that ranges from 13.24% up to 22.24%. The card has a variable balance transfer APR that ranges from 13.24% up to 22.24%. It also has a variable cash advance APR of 22.24% .

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:

• 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?

Yes, 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 may help improve your credit.

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