BIRMINGHAM, Ala., Sept. 21, 2011 /PRNewswire/ -- BBVA Compass today announced the launch of the BBVA Compass Visa® Charge Card, a new financial product offering customers the rewards and security of a credit card with the greater spending control of a charge card.
The BBVA Compass Visa® Charge Card allows customers to participate in the CompassPoints rewards program at no charge and carries no interest expense with on time payments. The new card requires a full payment of the monthly balance, helping customers avoid overspending and interest charges.
"The BBVA Compass Visa® Charge Card is a great product for credit qualified customers or frequent debit card users who want to exert control over their finances, but also enjoy the perks of a credit card," said Jon Mulkin, Consumer Segment Director for BBVA Compass.
"The BBVA Compass Visa® Charge Card makes tracking spending easy with account alerts," Mulkin said."And because the card is part of the Visa® network, customers also enjoy unparalleled safety and security," he said. Additional features of the new BBVA Compass Visa® Charge Card include the CompassPoints rewards program, with one point earned for every $1 spent, plus bonus points for purchases at designated retailers, as well as an auto pay option for further financial control. For more information on the BBVA Compass Visa® Charge Card, customers may go to www.bbvacompass.com, contact 1-800-Compass or visit their local BBVA Compass branch. ABOUT BBVA COMPASS BBVA Compass is a Sunbelt-based financial institution that operates more than 712 branches including 374 in Texas, 93 in Alabama, 78 in Arizona, 65 in California, 45 in Florida, 36 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (3rd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the nation's leading Small Business Administration (SBA) lenders, earning 'Lender of the Year' honors in 2009 and 2010. Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com. BBVA Compass is a subsidiary of BBVA Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a financial services group with approximately $800 billion in total assets, 48 million clients, 7,400 branches and approximately 110,000 employees in more than 30 countries. BBVA ranks among the top 20 largest financial institutions in the world based on market capitalization and 17th in Global Finance magazine's list of the "World's 50 Safest Banks" for 2011. BBVA provides its customers around the world with a full range of financial services, including commercial and wholesale banking, retail banking services, consumer loans, mortgages, credit cards, securities brokerage, wealth management, pension plan management and insurance. The BBVA Group maintains a leadership position in Spain, Mexico, Latin America and the Sunbelt Region of the United States, as well as operations in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, Turkey, and the United Kingdom. More information about the BBVA Group can be found at www.bbva.com. Editor's Note: BBVA Compass is a trade name of Compass Bank. Compass Bank, member FDIC. SOURCE BBVA Compass