Another 2% card exists.
BBVA offers a Compass Rewards Visa credit card which comes with unlimited 2% rewards on all purchases. The caveat is that you need have a BBVA checking or savings account with direct deposit of $1,000+ per month to be eligible; without that you only get 1.5%.
Two other things to keep in mind:
- The card is only available in the following states: Alabama, Florida, Texas, Arizona, Colorado, California, and New Mexico.
- Seems there is no online application option – call 1-800-COMPASS option 2 to apply.
Card has no annual fee and has a 3% foreign transaction fee. Rewards can be redeemed using BBVA’s real-time rewards system which rebates purchases. The card also comes currently with a signup bonus:
- Get a $100 account credit when you open a new BBVA Compass Rewards Card between 3/1/2018 – 5/31/2018, and make $1,500 in purchases in the first 90 days.
I’m not sure if this card is the same as the 1.5% card that many of us have, changed over the old 5% BBVA card, or if this 2% card is something else. Regardless it has minimal use in the 2%+ world we live in.
Hat tip to r/churning