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BBVA Compass

Simplified Line of Credit

Available when you need it most. It’s easy to apply — and no collateral is required.
  • Benefits
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  • Rates & Fees
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The Simplified Line of Credit® is a revolving line of credit that gives you quick access to available funds. So you can use it as often as you’d like, up to your available credit limit, for any expenses you may have – from a vacation to the unexpected.

Take control and simplify your finances with benefits that include:

  • Multiple ways to access your Simplified Line of Credit funds
  • Unlimited advances – up to the available credit limit (minimum advance $1,000)
  • Competitive APR
  • No annual fee

You can use your line of credit for anything, including debt consolidation, home improvements, major purchases (appliances, cars, RVs, boats, etc.), vacations and more.

Ways to Access

You can access your funds by visiting one of our branches, using a convenience check or calling 1-800-239-5175.


Unlimited advances — up to your available credit limit (minimum advance $1,000)*

Annual Fee

There is no annual fee.


You can pay off your Simplified Line of Credit early with no prepayment penalties.


No collateral is required for our line of credit.


You will receive a discount of 0.50% off your APR when your account is enrolled in Auto Debit from BBVA Compass checking or saving accounts.

Want to learn more? Get our Rates.

*An advance fee of 3% of the amount of each transaction will apply. Each advance must by made for a minimum of $1,000..

These terms are accurate as of July 1, 2014. You can always find out the most current terms by contacting us at: Compass Bank, P.O. Box 2210, Decatur, AL 35699, or 1-800-239-5175.

How We Will Calculate Your Balance: We use a method called "average daily balance" (including new transactions).

Simplified Line of Credit may not be available to residents of all states.

California Residents: Married applicants may apply for separate accounts.

Delaware Residents: Service charges not in excess of those permitted by law will be charged on the outstanding balance from month to month.

Ohio Residents: The Ohio law against discrimination requires that all creditors make credit equally available to all creditworthy customers, and that the credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.

Maryland Residents: Finance charges will be imposed in amounts or at rates not in excess of those permitted by law.

All loans and lines of credit are subject to approval, including credit approval.

*All loans and lines subject to approval, including credit approval. Limited time offer subject to change without notice. Advance fee will be waived only on advances requested within 30 days of account open date. Otherwise, an advance fee of 3% of the amount of each transaction will apply to all advances. APR for Advances: 9.24% to 23.74% variable, based on creditworthiness. Minimum advance amount: $1,000. BBVA Compass is a trade name of Compass Bank, a member of the BBVA Group.