For balances between $25,000 and $100,000, you'll earn a 25% cash-back bonus — that's $125 back if you redeem $100. If you have a balance exceeding $100,000, you'll get a bonus of 50% extra cash back, which would be $150 back if you redeemed $100.
How does Spectrum cash rewards work?
The BB&T Spectrum Cash Rewards credit card is a cash back rewards card. It offers 3% cash back on gas, 2% on utilities and groceries and 1% on all other purchases. Bonus categories are eligible for 2% and 3% cash back earnings on the first $1,000 in combined purchases each month (1% after that).
When should I redeem my rewards?
You should redeem cash back as soon as you can because it continually loses value due to inflation. Even though your cash back won't lose much of its value year to year, it doesn't make sense to hold on to it. Maximize its value by redeeming it immediately.Jul 18, 2019
What credit score is needed for a BB&T credit card?
The minumum credit score to be approved for the BB&T Bright Card is 750.
How do you redeem cash rewards?
- Receive a statement credit. The cash back gets applied to your credit card's balance.
- Request a check. The issuer sends you a check for your cash back rewards.
- Transfer rewards to a bank account. ...
- Use your cash rewards as rewards points.
Can you redeem credit card points for cash?
You can redeem credit card points for things like travel, merchandise, cash back, gift cards, exclusive events and donations, and you can usually redeem them through your online account. Typically, points will be worth at least 1 cent each when redeemed, but that's not universal.Jan 7, 2020
Is it good to redeem cash rewards?
You should redeem cash back as soon as you can because it continually loses value due to inflation. Even though your cash back won't lose much of its value year to year, it doesn't make sense to hold on to it. Maximize its value by redeeming it immediately.Jul 18, 2019