Cautions regarding the “4.05%” BB&T Spectrum Rewards Visa.

BB&T Spectrum Rewards Visa Caution

Last week I highlighted three cards that seem to offer “The best rewards for $50K spend” based on their first year increased point earning signup offers: the Amex Blue for Business Card, the Discover It Miles Card, and the BB&T Spectrum Rewards VisaUpdate: Some of these offers have expired.

The BB&T Spectrum Rewards Visa appears to offer a way to get 4.05% cash back in the first year (based on spending over $50K in the first 3 months).  But, according to readers, that may not be the case.

For review, here’s what I previously wrote about the card:

The BB&T card offers 3% cash back in the first 3 months of card ownership.  It also offers a standard 5% annual bonus on rewards earned, plus another 30% bonus if you spent $50K or more.  These bonuses combine to 4.05% cash back if you spend $50,000 or more in the first 3 months (as long as you leave the card alone after that).  While that’s a great deal for those who can easily spend $50K in 3 months, it is unfortunately limited to residents of Alabama, Florida, Georgia, Indiana, Kentucky, Maryland, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia, and DC.

But, one reader says that the 30% year-end bonus is only applied to “base earnings” and not to the full 3% earned in the first 3 months.  Justin wrote:

The BB&T card is actually 3.45% not 4.05% if you wait for a full year.

Source: Me, I waited the full year.

The 30% annual relationship bonus is on base points, but amazingly the 5% bonus for spending over $50k is based off all points. So Math is 3% + .15% (3%*5%) + .30% (30%*1 (not 3)) = 3.45

Assuming Justin is correct, this means that the card at best earns 3.45%, not 4.05%.  That’s still excellent for non-category spend, but it’s significantly less than I expected.

It gets worse…

Two readers report that their cards were shut down before they could earn the annual 5% and 30% bonuses.  So they were stuck with just 3% cash back…

Mike wrote:

I churned the BBT card hard for 3 months and made a good chuck of cash back rewards. 6 months later when it was barely being used, BBT shut my account down because I was deemed a risk so no yearly bonus.

And Shawn wrote:

I’d advise caution regarding the BB&T card. I surpassed 50k in spend during the three month initial promo period. However, near the end of the third month, the account was frozen for review and later closed. Based on my experience, if you put any substantial amount of spend on this card, they’ll probably elect to close it to avoid paying out any bonuses at the end of the first year.

Last updated on May 24th, 2017

About Greg The Frequent Miler

Greg is the owner, founder, and primary author of the Frequent Miler. He earns millions of points and miles each year, mostly without flying, and dedicates this blog to teaching others how to do the same.

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rick b
rick b

The big questions about BBT are:

* anyone got shut down within the first month by rotating the CL too much?

* what kind of CL do they typically give?

I would settle even for 3% which is better than 2% I get now on all my MS.


I applied for the card in 8/2015, and I received a credit line of $2500. They seem to be like WF in that regard. I routinely get 5x this credit line from Chase, Amex, BofA, etc.

rick b
rick b

sounds like not worth the effort. By the time I get CL increased the 3-month promo will be over. Although WF has given me pretty high limits and quickly increased them upon request.

Luke Vader
Luke Vader

Interesting to see reports that BB&T is very draconian about paying out rewards. I received a BB&T offer in the mail offering $100 to open a checking account with them, Went with a Wells Fargo checking offer offering a $250 bonus instead.


I got a bb&t checking bonus once…it was a pain in the butt to get them to post it, then to top it off I had to go to the branch multiple times to get it closed down…terrible customer service on phone and in branch


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