If you’re searching for a credit card and aren’t sure where to start, you can at least learn more about the BB&T credit card by reading this review.
In this review, you will learn about BB&T Bank, some of the pros and cons of using their credit card, and a conclusion about whether or not it is wise to use the card.
ABOUT THE BANK
BB&T Corporation, formally Branch Banking and Trust Company, is a financial service based in North Carolina. It has been operating more almost a century and a half and offers commercial and consumer banking, asset management, mortgage and insurance products, and securities brokerage.
Most people give BB&T a pretty average 3-star rating out of 5. While some people said that the customer service wasn’t very friendly, others said that their credit card from the company helped them establish some credit while they were in college. But what bank or company doesn’t have a few disgruntled customers?
What really matters is the quality of the credit card service that you’ll get. In the next two sections, you will learn about the pros and cons of using the BB&T Bright Card in particular.
THE PROS OF THE CREDIT CARD
This credit card doesn’t have an annual fee, which is great for those who are trying to establish their credit without breaking the bank. The APR also measures pretty averagely, with customers being approved with between an 11.9 percent and a 20.9 percent APR.
The balance transfer fee is 0 percent for the first 15 months, but then changes over to a 3 percent fee later. The benefits are also pretty standard and include travel emergency assistance, accident insurance, and a free monthly credit score report form VantageScore.
The credit card gives users the opportunity to earn about 1 point for every dollar spent. These points can later be redeemed for offers on the BB&T Deals website.
THE CONS OF THE CREDIT CARD
While the rewards are a great bonus and a great incentive for those looking to build their credit, the rewards can only be earned when you accept offers through the BB&T Deals website. The rewards may also not be worth much value, but at least you are getting something, right?
Secondly, the balance transfer fee is a bit pricier that most would prefer. With the BB&T credit card, your balance transfer fee costs either 3 percent or $10 (whichever is greater) after the 15 months of a zero balance transfer fee. This can get expensive.
WHAT ARE THE FACTS?
As you can see, this card ranks pretty average, and the pros of owning the card are actually close to balancing out with the cons of owning the card. This card is great for someone who is looking to build their credit like college or high school students who are about to join the workforce and will need to use their credit to find a new home or car.
The BB&T credit card is a pretty standard card that is available for those who have average to good credit. The interest rate could be better, but it’s decent when compared to other cards in the market.