BB&T Bright Card: This is a straightforward, no-annual-fee credit card that promises a good intro APR period on balance transfers and purchases — and afterwards a relatively low APR. You can also get cashback from participating retailers, but on all of your purchases you won’t receive rewards and you won’t get any signup bonuses.
In this article, we will clarify the advantages that this card provides over any other credit card, features that distinguish the BB&T Bright card, and a few other important details that you need to learn to direct your decision.
Highlights of the BB&T Bright Card
0% APR on new purchases.
Competitive APRs.BB&T Bright Visa Card has a variable purchase APR that ranges from 12.74% up to 21.74%.
No annual fee.
Very good credit required. Applicants will typically need a credit score of at least 750 to qualify.
Sign-up Bonus: None
Intro APR: 0% on purchases and balance transfers for 15 months
Fees: 3% per balance transfer ($10 minimum); 3% per cash advance ($10 minimum); 3% foreign transaction fee
Annual Fee: $0
Credit Needed: Good to excellent
Introductory 0 percent APR
The BB&T Bright Card comes with an introductory 0 percent interest rate for both balance transfers and purchases for a respectable 15 months (12.99 to 21.99 percent variable APR thereafter). That gives you a chance to consolidate debts from your other high-interest cards and still buy a couple of high-ticket items that you’d like to pay for overtime.
No penalty APR
The lack of a penalty APR is one major plus of this card for cost-conscious consumers. More often than not, consumers don’t notice or appreciate this benefit, as it’s buried in the listing of other fees. But it’s actually very important. While other cards might increase your interest rate by more than 30 percent if you forget to submit your payment by the due date, the BB&T Bright card will maintain your low-interest rateeven if you miss a payment.
Lack of other common fees
The BB&T Bright Card will spare you many common fees, including over-the-credit-limit and returned-payment fees. And if you have only a small amount due and miss your due date, your late fee won’t be higher than the minimum amount due.
For example, if your total minimum payment due is $10, that’s what you pay as a late fee. And the first time you miss a payment, you receive a discounted late fee of $25 instead of the regular $38 fee.
The BB&T Bright Card is not a Visa Signature card, but it does come with the Visa Signature purchase-protection benefit. According to Visa, eligible purchases will be replaced, repaired or reimbursed within the first 90 days from the date of purchase.
The BB&T Bright Card doesn’t offer a rewards or cashback program of any kind.
Advantages of BB&T Bright Card
No Annual Fee.
BB&T Bright Card has no annual fee. That’s great news for frugal cardholders.
No Penalty APR.
This card has no penalty APR. If you occasionally miss payment due dates due to liquidity issues or unexpected expenses, this can save you a boatload on interest charges. Many competing cards charge penalty interest up to 30% APR, and maintain those elevated rates indefinitely once the cardholder misses their first payment.
0% APR for 15 Months on Purchases and Balance Transfers.
BB&T Bright Card has a long introductory purchase and balance transfer APR promotion: 15 months at 0%.
Potential for Low Regular APR on Purchases and Balance Transfers.
While it’s always better to pay off credit card balances in full each month to avoid interest charges, it’s sometimes not possible or practical to do so. If you want the flexibility to carry a balance from month to month, this card’s relatively low APR range could help. The rates on the low end of the range (12.65% and up) are more attractive than most competing cards’ rates.
Decent Fringe Benefits for Basic Card.
For a card whose main selling points are a 15-month 0% APR promotion and below-average ongoing interest, BB&T Bright Card has a nice lineup of fringe benefits. These include overdraft protection for BB&T deposit account holders and Visa-backed benefits such as extended warranties on certain purchased items.
Get assistance and emergency card replacement when you lose your card. Also, get auto car rental insurance, roadside dispatch and zero liability protection in case of unauthorized purchases.
You can turn your card on or off if you lose it or you can restrict your card usage based on location. Also, you can restrict your card on where it’s used — online or in-store — or you can limit the dollar amount that can be spent per transaction.
Cashback at participating retailers.
Get up to 10% back at participating retailers. To use this feature, you need to download the U by BB&T mobile app and open the Deals Based on your purchasing activity, BB&T will give you limited-time deals where you need to add every deal and start spending at the retailer. Cashback is credited to your account the following billing cycle.
Disadvantages of BB&T Bright Card
No Rewards or Sign-up Bonus.
BB&T’s biggest drawback is its lack of a rewards program.
Still Carries a Balance Transfer Fee.
BB&T Bright Card always charges a balance transfer fee: the greater of 3% or $10. That’s a drawback relative to category leaders such as Chase Slate, which waives its balance transfer fee for the first 60 days.
Has a Foreign Transaction Fee.
This card charges a 3% foreign transaction fee. That’s bad news for cardholders who occasionally travel internationally.
Only Available in Certain Areas.
BB&T Bright Card is only available to applicants in certain states – mostly the U.S. Southeast, roughly from Texas to Maryland. If you live outside BB&T’s trade area, you can’t apply for this card. The best you can do is find a comparable card or otherwise wait for BB&T to expand its coverage.
BBT Bright Card Benefits
Cardholders of the BB&T Bright Card get access to benefits including:
Travel and emergency assistance services
Auto rental collision damage waiver
Zero liability purchase protection
Good for You if…
You carry a balance and want to save money on interest.
You want to transfer a balance from a high-interest card and/or purchase an expensive item with the ability to pay over time.
Saving money on interest is more important to you than cashback and rewards.
How to use the BB&T Bright card
Transfer your balances from other high-interest cards, but pay off as much as you can, despite the BB&T Bright Card’s low APR.
When you buy an expensive item, use this card rather than another card that doesn’t come with the purchase security benefit.
The BB&T Bright Card is a low-interest credit card. This card offers a 0% introductory rate on purchases and balance transfers for 15 months, then a variable APR of 11.24% and 20.24%. It earns cashback rewards when you redeem offers through the BB&T Deals website. The amount of cashback earned varies with each offer. There is an annual fee of $0 and benefits include travel and emergency assistance services and zero liability purchase protection.