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BB&T Spectrum Rewards Credit Card

in Personal Credit Cards

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BB&T Spectrum Rewards Credit Card

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in Personal Credit Cards

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Overview

Who is BB&T Spectrum Rewards Credit Card Designed For?

The BB&T Spectrum Rewards Credit Card is designed for people with good or excellent credit who want a no-hassle cash back rewards program with low rates and no annual fee. This card also offers a 12-month 0% APR introductory rate on purchases and balance transfers, which makes it a good option for people who carry a balance or are planning to make expensive purchases and can't pay them off immediately.

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

- The BB&T Spectrum Rewards Credit Card has a 13.65% APR to 22.65% APR on purchases and balance transfers, depending on the creditworthiness of applicants. Cash advances do have a 23.65% APR but there is no penalty rate for cardholders who are late on their payments.

What Are the Fees for BB&T Spectrum Rewards Credit Card Credit?

- The BB&T Spectrum Rewards Credit Card doesn't have an annual fee. It does have a late payment fee of up to $38, but no returned payment fee or over-the-credit-limit fee. Balance transfers and cash advances incur a 3% fee ($10 minimum). Foreign transactions also come with a 3% fee, but without the $10 minimum.

What Is BB&T Spectrum Rewards Credit Card's Rewards Program Like?

The BB&T Spectrum Rewards Credit Card rewards program has a 1% cash back rewards program with a 3% cash back on all purchases made during the first three months. Members also receive a 5% anniversary bonus on the cash they earned during the year. The bonus rises to 30% in the case of cardholders who spend $50,000 or more during a given year. For instance, if a customer spends $3,000 in the first three months, she will receive a $90 cash back. If she spends an additional $9,000 during the rest of the year, her total cash back will amount to $189 ($9 from the 5% anniversary bonus). There is no limit on the number of points you can earn, which can be redeemed for gift cards, merchandise and travel as well as for cash back.

What about BB&T Spectrum Rewards Credit Card's Signup Bonus?

The BB&T Spectrum Rewards Credit Card doesn't have a conventional signup bonus but it does offer new customers a 3% cash back rate on all purchases made during the first 90 days, which can amount to a considerable cash bonus.

Does BB&T Spectrum Rewards Credit Card Have Any Other Benefits?

The BB&T Spectrum Rewards Credit Card has comparatively modest benefits but it does offer the basics, such as zero liability for unauthorized purchases and travel and emergency assistance services.

How Is BB&T Spectrum Rewards Credit Card Better Than Other Credit Cards?

BB&T Spectrum Rewards Credit Card offers competitive rates and a straightforward cash back rewards program without charging an annual fee. The rewards rate is low and it doesn't carry all the perks and benefits you get with other cards, but it's still a good option, particularly for those who can take advantage of the 12-month 0% APR intro rate.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Late Payment (Days) 25
Minimum Interest Charge $0
Annual Fee $0
No Annual Fee  
Late Payment Penalty $38
Balance Transfer Fee % 3%
Balance Transfer Fee Minimum $10
Foreign Currency Transaction Fee 3%
Minimum Age 18
Credit Score Range 700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type Personal
Extended Warranty  
Fraud Liability  
Travel Insurance  
Emergency Support  
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Assistance
Bonus Rewards 5% anniversary bonus on cash
All Other Purchases 1% cash on all net qualified purchases
Every Purchase 3% cash on all net qualified purchases
Rewards Categories
  • Every Purchase
Purchase APR (Variable APR) 13.65% - 22.65%
Cash Advance APR (Variable APR) Starting at 23.65%
Balance Computation average daily balance (including new purchases)
Introductory Rate 0%
Balance Transfer APR (Variable APR) 13.65% - 22.65%
Introductory Rate 0%
Intro APR period (months) 12

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Purchase APR 12.65% - 21.65%
(Variable APR)
    0% 30% Variable APR
Balance Transfer APR 12.65% - 21.65%
(Variable APR)
    8% 29% Variable APR
Annual Fee $0 Annual Fee
Credit Score Range 750 - 850     300 850