CompassPoints® Rewards Program for Business Credit Cards Terms and Conditions

The CompassPoints Rewards Program for Business Credit Cards is a promotional rewards program ("Program") offered by Compass Bank (“BBVA Compass”, the “Bank”, “we”, “us” or “our”). In this Program, “you” or “your” means everyone that may be an account holder (joint or otherwise) on one of the following products: BBVA Compass Visa Business Travel Rewards Card, Visa Business Rewards Credit Card, Visa Professional Rewards Credit Card, Visa Business Secured Credit Card  (“Card”). This is a separate and independent agreement from the agreement governing your credit card account; however, it is subject to the Governing Law/Severability/General provision and the Dispute Resolution section of the agreement governing your credit card account, which are incorporated herein by reference and also apply to any vendor or service provider we choose to assist in the operation of the Program.  We reserve the right to disqualify any business or individual who violates these terms and conditions or violates any Program rules, terms, or conditions posted on www.bbvacompass.com or otherwise disclosed to you by BBVA Compass (collectively “Terms and Conditions”). By using your Card, you agree to be bound by the Terms and Conditions of the Program.  These Terms and Conditions may change from time to time.  

Enrollment

Eligible Cards are automatically enrolled in the Program at account opening to begin earning points.

Earning Points

You earn points based on the value of the Qualifying Purchases that post to your account, less any purchase credits, returns, unauthorized charges, fraudulent charges, or other adjustments that are not payments.  Points are not your property and have no cash or monetary value.  

Except as provided below or pursuant to the terms of any specific offer, a “Qualifying Purchase” is any purchase made with your Card that is processed or submitted through the Visa U.S.A. Inc. payment system. Unless otherwise provided in additional terms for special promotions, the following are not Qualifying Purchases for purposes of the Program:

  • Payments of existing loan or credit card balances
  • Balance transfers
  • Cash advances
  • ATM transactions
  • Illegal transactions
  • Checks that access your credit card account (e.g., convenience checks)
  • Fees or interest charged by us (for example, annual fees, finance charges, and related service charges, if any apply)
  • Purchases of gift cards, prepaid cards or reloadable cards
  • Purchases of quasi-cash items (for example, casino chips), cash equivalents, or payment instruments that can readily be converted to cash (for example, travelers cheques, money orders, wire transfers, and similar products or services)
  • Adjustments made to your account
  • Card transactions in which you use a PIN number rather than sign a receipt

We reserve the right to determine, in our sole discretion, whether a particular transaction is a Qualifying Purchase.  Transactions that are not Qualifying Purchases do not earn any points.  Unless otherwise stated in a promotional offer, a Qualifying Purchase is deemed to occur on the date of the transaction.  Purchase credits, returns, or other adjustments that reduce the point balance are deemed to occur on the date the credit or adjustment is posted to your Card account. In some cases, you may have a negative point balance.

With respect to Build Your Own Rewards Bonus Points and Additional Bonus Points (described below), an otherwise Qualifying Purchase may not be eligible for Build Your Own Rewards Bonus Points or Additional Bonus Points if the Qualifying Purchase is submitted by you or the merchant through third-party payment accounts (e.g. PayPal), mobile or wireless card readers, online or mobile digital wallets, or similar technology (collectively, “Technology”).  If the Technology is not set up to process such a Qualifying Purchase in the appropriate rewards purchase category, that Qualifying Purchase may not earn Build Your Own Rewards Bonus Points or Additional Bonus Points.  

Base Points

Base Points accrue at a rate of one (1) point for each $1.00 (U.S.) of net Qualifying Purchases made with your eligible Card. There is no limit on the number of total Base Points you may earn in the Program, although limits may apply to any points you can earn in addition to Base Points. 

Point Activity/Expiration/Forfeiture

CompassPoints® accumulated over thirty-six months: CompassPoints® not redeemed within thirty-six (36) months of having been earned expire on a first-in, first-out basis. In addition, if you do not use your enrolled BBVA Compass Credit Card, Optimizer Secured Card, Safe Spend, or Compass Check/Debit Card to make eligible purchases for twelve (12) consecutive months, all accumulated points for the account on which that card is issued will be forfeited and you may be removed from the CompassPoints® Program. BBVA Signature Credit Card points may be forfeited if no eligible purchases are made in twenty-four (24) consecutive billing cycles.

For BBVA Compass Select credit cards, there is no expiration date on points as long as the credit account remains active for 12 consecutive months. If an account becomes inactive, expiration begins 36 months from the inactive date.

For all products eligible for CompassPoints, excluding Business Credit Card accounts enrolled in CompassPoints and Rebates, ® there is no maximum number of points you may earn. For those Business credit card accounts dual enrolled in both CompassPoints and the Business Rebate program, there is a cap of 300,000 points per year.

If you receive gifted points or purchase points, the gifted and purchased points will expire twelve (12) months from the date the points are gifted or purchased. See Point Gifting and Purchasing Points below.

Build Your Own Rewards Bonus Points

Using the Build Your Own Rewards (BYOR) feature, you may select Bonus Point purchase categories each quarter to earn Bonus Points for net Qualifying Purchases made at merchants included in those purchase categories during that quarter.  The list of eligible Bonus Point purchase categories is predetermined by us, and may change from time to time.  Each quarter, you may select one purchase category from a list to earn one bonus point per $1.00 (in addition to the Base Point, for a total of 2 points per $1.00) of net Qualifying Purchases at merchants in that category.  You may also select an additional purchase category (from a separate list) to earn two bonus points per $1.00 (in addition to the Base Point, for a total of 3 points per $1.00) of net Qualifying Purchases at merchants in that category.

Purchase categories may be selected by accessing the rewards website directly at www.bbvacompasspointsrewards.com. If you do not have access to the rewards website you may call 877-­392-­7371 (1-87REWARDS1) to make your quarterly selections. If no category selection is made for a quarter, all transactions will default to one (1) Base Point per $1.00 spent during that quarter.

Cardholders must select categories each quarter to earn Bonus Points.

Quarters are defined as calendar quarters, which start January 1, April 1, July 1 and October 1. You can make a selection as early as the first day of the quarter prior to the quarter when the selections take effect. For instance, you may begin making your selections for the second quarter (which runs April 1 through June 30) on January 1st of the same year.  You may change your selections as many times as you would like prior to the start of the quarter, but once the quarter begins, no changes are permitted for that quarter.  If you do not make selections before a quarter begins, all Qualifying Purchases made during that quarter will default to one (1) point per $1.  You may make selections at any point during the quarter; however, transactions will only start earning the additional bonus points as of the selection date. Bonus Points will not be applied retroactively to the beginning of the quarter if selections are made after the beginning of the quarter. 

Points will be awarded based on the merchant category codes (MCCs) identified by the Bank to participate in each BYOR purchase category. Even though a merchant or some of the items that it sells may appear to fit within a purchase category, the merchant may not process transactions under that MCC. When that happens, the purchase will not qualify for BYOR Bonus Points in that category.  For instance, a large retailer may report one of its stores in the grocery MCC (5411), but another one of its stores in the wholesale clubs MCC (5300), even if that store sells food products.  The grocery store MCC (5411) is included in the grocery purchase category, while wholesale clubs (5300) is not included. Categories that are selected to participate in the BYOR program, along with their associated value, are chosen at the discretion of the Bank and may change from time to time. There are currently no caps on the amount of BYOR Bonus Points you can earn.

Additional Bonus Points

Visa Professional Rewards Credit Cards earn an additional one (1) point per $1 of net Qualifying Purchases in gas, insurance, telephone, and office supply merchant categories.

Any Visa Business Rewards Credit Card opened on or after July 2, 2018 will earn an additional one (1) point per $1 of net Qualifying Purchases in gas, insurance, telephone, and office supply merchant categories.

Visa Business Travel Rewards Credit Cards earn an additional one (1) point per $1 spent on net Qualifying Purchases in certain travel merchant categories.

Points will be awarded based on the merchant category codes (MCCs) identified by the Bank to participate in each additional bonus point purchase category. Even though a merchant or some of the items that it sells may appear to fit within a purchase category, the merchant may not process transactions under that MCC. When that happens, the purchase will not qualify for Additional Bonus Points in that category.  There are currently no caps on the amount of Additional Bonus Points you can earn.

Promotional Offers

In addition to Base Points, BYOR Bonus Points and Additional Bonus Points, eligible Cards may earn points as detailed in promotional offers we may present to you (for example, on specified types of transactions and/or spending amounts). We will disclose the terms and limitations, if any, of earning additional points in the promotional offers. Unless otherwise noted in the promotional offer, the rest of these Terms and Conditions will still apply.

Point Limits and Rounding

Points are awarded per qualifying transaction and rounded to the nearest whole number.

For all products eligible for CompassPoints, excluding Card accounts enrolled in both CompassPoints and the Business Rebate program, there is no maximum number of points you may earn. For those Card accounts enrolled in both CompassPoints and the Business Rebate program, there is a cap of 300,000 points per year.

Linking

BBVA Compass Business Credit Cards are automatically linked with other cards in the same company for purposes of accumulating and redeeming points.  Business owners and primary administrators may manage which Cards within the company can accumulate or redeem points.

Point Expiration

Earned points will begin to expire thirty-six (36) months from the date the points were earned. If you receive gifted points, the gifted points will expire twelve (12) months from the date the points were gifted.

Eligibility to Redeem Points and Point Forfeiture

As long as your account is open and in good standing, and you are not in violation of the Terms and Conditions, you can redeem earned points for credit to your Card account.

If you voluntarily close your Card account, all points earned on the closed account will be forfeited. BBVA Compass recommends customers redeem any accrued rewards, in accordance with the Terms and Conditions, prior to closing your Card account.

Redemption

Points may be redeemed at any time through the Rewards Website, which can be accessed directly at www.bbvacompasspointsrewards.com.  You must register at the Rewards Website before you can redeem points through the Rewards Website.  You may also redeem points by calling the Rewards Center at 877-­392-­7371 (1-87REWARDS1). 

Points may only be redeemed for an account credit to an eligible Card account. Please allow up to 14 business days for the credit to post to your Card account.  You must have a minimum of 2500 points in order to redeem for an Account Credit via the Rewards Website OR the exact amount of points equivalent to a specific transaction amount in order to redeem via the Purchase Credit feature on the Rewards Website (refer to section on Purchase Credits). Redemption values may change at any time.

You are responsible for paying your minimum payment due each month. You cannot use redeemed rewards points (account credits) to satisfy your minimum payment due. Points are redeemed on a first-in, first-out basis, including gifted points.

Purchase Credits

The Purchase Credit feature allows you to request a redemption of points against a specific Qualifying Purchase for an account credit (up to the amount of the transaction). This can be facilitated through the Rewards Website or by calling the Rewards Redemption Center. Purchase Credits can be redeemed against Qualifying Purchases made within the last 90 days. Please allow up to 14 business  days from the date the redemption request was completed for the Purchase Credit to post to your Card account. .

Point Gifting

You may gift points to other accounts that participate in the CompassPoints Rewards Program. Gifting points is free, and can be initiated through your Rewards Website or by calling 877-­392­-7371 (1-87REWARDS1). You must register at the Rewards Website before you can gift points through the Rewards Website.  In order to initiate a gift, you must know the full account number for the card associated with the rewards account you would like to gift points to. Points may be gifted in any amount (up to your total points balance) and can only be gifted to accounts that participate in the CompassPoints Rewards Program and that are open and in good standing. Gifted points expire twelve (12) months from the date the points are gifted. For clarification, you may only gift unredeemed points; to receive an account credit, the recipient must redeem the points.

Communications

You agree that BBVA Compass may email you periodically about promotional offers, point balances, and general program updates. Providing periodic communications related to rewards points is done at the sole discretion of BBVA Compass.

We may provide any and all future communications related to the Program and/or the Terms and Conditions (including any changes to them) through the Program website, which can be accessed directly at www.bbvacompasspointsrewards.com.

Customer Service

If you have a problem or question regarding whether you earned points from a particular transaction, whether your points were properly redeemed, or the status of your redemption order, or if you have any other question regarding the Program, you can visit the rewards website directly at www.bbvacompasspointsrewards.com, calling 1-877­-392-­7371 (1-87REWARDS1), or mailing to P.O. Box 680234, Marietta, GA 30068-0004.

If you believe we have made an error or mistake with respect to your Program account, you must notify us within 60 days of the posting date or the date of the alleged error or mistake. We may require you to provide written confirmation of the alleged error or mistake. If we do not receive the requested written confirmation at the address and within the time frame requested by us, we may, in our sole discretion, determine not to correct the alleged error or mistake. All questions or disputes regarding the Program, including eligibility, earning points, or redemption of points, will be resolved by us in our sole discretion.

Canceling Program Participation

You may cancel your participation in the Program at any time by closing your Card account.  If you close your Card account, all points earned on the closed account will be forfeited. We recommend that you redeem any accrued rewards, in accordance with the Terms and Conditions, prior to closing your Card account. 

Disclaimers/Limitations

In the event of any abusive, gaming or fraudulent activity related to your participation in the Program or to your Card account, as determined by us in our sole discretion, we reserve the right to make corresponding adjustments to or invalidate points you accrued in the Program, to disqualify you from participating in the Program through use of the Card account, and/or to close your Card account at any time. Abusive or gaming activity includes, but is not limited to, obtaining or using an account to maximize rewards earned in a manner that is not consistent with typical business activity and/or multiple credit card account applications/opening, as determined by us in our sole discretion.

Any and all taxes on points in connection with the Program are your responsibility. Please consult with a tax advisor concerning any income or other tax consequences that may be related to points.

The actual period of time it will take to receive points for any single eligible transaction may vary, and we, our agents, and our vendors and service providers shall not be liable for any fees or interest incurred by you or any other loss you may sustain as a result of your reliance on point redemptions.

To the fullest extent permitted by law, we and our vendors and service providers hereby specifically disclaim any representations or warranties, express or implied, regarding the Program, points, and any products or services, including any WARRANTY OF MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE or implied warranties arising from course of dealing or course of performance.  BBVA Compass is not responsible for the performance of any merchant, service provider, or common carrier.

We may exercise our rights under the Terms and Conditions at any time; a delay by us in exercising any right under the Terms and Conditions does not mean that we have waived that right.

This Program is void where prohibited by federal, state, or local law.

Termination or Changes to the Program

We reserve the right to terminate the Program or to change the Program rules, benefits, or points levels, in whole or in part, at any time with or without notice, even though changes may affect your ability to use accumulated points. Accumulated points do not entitle you to any vested rights with respect to points, credits, rewards, or benefits. Notifications to changes in the Program may be limited to the Program website. Please be sure to check www.bbvacompasspointsrewards.com frequently for potential updates and changes.