BB&T Spectrum Travel Rewards Review

Who is the BB&T Spectrum Travel Rewards Card for?

The BB&T Spectrum Travel Rewards Card is an excellent business credit card for someone who travels frequently. You are able to earn 2 miles per dollar on your travel purchases such as air, hotel, and car rentals, and 1 mile per dollar on all other qualified purchases. In addition, you will receive 20,000 bonus miles in the first 90 days if you spent more than $2000. These miles can be redeemed for travel, cash back, gift cards, and much more. However, this credit card is only available for BB&T primary or joint account holders, who have a good standing in their Credit Card account.

We recommend this credit card to anyone who already has an account with BB&T and would like to earn extra miles on business expenses. The benefit mentioned earlier, paired with the ability to redeem your miles for travel, statement credits, or gift cards makes this credit card ideal for frequent travelers. 

Cash Back Rewards

The BB&T Spectrum Travel Rewards Card provides 2x miles on every dollar cardholders spend on airplane tickets, car rentals or hotel rentals as well as 1x mile on all other qualifying purchases. 

All miles are tracked and redeemable on a first-to-expire policy. Miles earned from purchases will expire in five years and miles earned from gifting will expire in one year. 

The BB&T Spectrum Travel Rewards Card shows great flexibility in redeeming miles. There is one specific website for reward benefits. On the website, cardholders can choose products from many categories such as electronics, beauty, or fashion accessories by redeeming their miles. 

In addition to great flexibility in redeeming miles for rewards, This card further ensures a satisfying travel experience by providing an $85 TSA PreCheck or Global Entry as reimbursement. Both services are able to improve airport experience by lowering security wait time to five minutes or less

Annual Fee

Compared to other travel reward credit cards, BB&T Spectrum Travel Rewards Card stands out with its low annual fee. While other similar travel rewards credit card can charge up to $550 for annual fees, this card’s annual fee is only $89 (waived the first year). With the low annual fee and numerous other benefits, the BB&T Spectrum Travel Rewards Card can provide greater value to its cardholders.

Welcome Bonus

Cardholders can earn 20,000 bonus miles if they spend more than $2000 in the first 90 days from account opening. Even though BB&T Spectrum Travel Rewards Card provides less bonus miles, it requires less spendings. Further, these bonus miles are valued at around $200 and cardholders can choose anything they like through the BB&T travel reward website such as restaurant gift cards or electronic products.

Other Benefits

The BB&T Spectrum Travel Rewards Card comes with no foreign transaction fee and purchase fee, saving cardholders a considerable amount of money when they process international transactions. Many credit cards charge an average 3% foreign transaction fee, but BB&T Spectrum Travel Rewards Card is able to save its cardholders much money when they make abroad purchases.

On the other hand, this card has no penalty fees for over-the-credit limit transactions and returned payment. In addition, this card provides overdraft protection on two business deposits accounts, meaning that cardholders will have cash available for emergencies or urgent paychecks. This policy allows more elasticity for cardholders.

Low Introductory Annual Percentage Rate (APR)

With the BB&T Spectrum Travel Rewards Card, cardholders get 0% introductory APR on purchases for the first 15 months. However, this does not apply for balance transfers, which still has a standard APR between 13.24% and 22.24%. On the other hand, cardholders also get no penalty APR. As for transaction fees, BB&T Spectrum Travel Rewards Card provides 3% for both balance transfers and cash advances (both also require a $10 minimum).

Conclusion

The BB&T Spectrum Travel Rewards Card is a great option for people who travel frequently. While this card provides a great welcoming bonus and reward miles based on your purchases, this card also offers a low annual fee and excellent flexibility in redeeming miles. To further provide cardholders a pleasant travel experience, this card comes with zero foreign transaction fee, overdraft protection on two accounts, $85 worthy reimbursement for TSA PreCheck or Global Entry. If you already have an account in BB&T and are interested in any of these features, this card will be the right one for you!