BB&T

Founded in 1872 and headquartered in Winston-Salem, North Carolina, BB&T offers a number of financial services, including consumer and commercial banking, securities brokerage, asset management, loans, insurance, and credit cards. BB&T manages over $221.9 billion in assets.

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The Good

• Low APRs
• No annual fees
• Fraud safeguards 

Low APRs

Depending on the card, BB&T offers an introductory rate of 0 percent for the first 12 to 15 months. After that, the company's variable rates range from 8.40 to 17.40 percent*, which is a lower range than industry average.

No Annual Fees

BB&T does not charge its cardholders any annual fees, which is a nice benefit that can save customers hundreds of dollars each year.

Fraud Safeguards

At BB&T, customer security is the highest priority. Because of this, the company offers its cardholders a number of protective features, including zero liability for unauthorized charges, checkout protection, replacement cards or emergency cash in the event of a lost or stolen card, and a security chip.

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The Bad

• No rewards program
• Late payment penalty
• Foreign transaction fee
• No free credit score tracking

No Rewards Program

Unfortunately, BB&T does not offer a rewards program of any kind to its cardholders, which can be a major deterrent to some consumers because it is considered to be a valuable benefit.

Late Payment Penalty

For every late payment, BB&T charges a fee of up to $37.

Foreign Transaction Fee

Foreign transactions made with a BB&T credit card will incur a fee of 3 percent of the total charge, which is one of the highest fees in the industry. This fee can be especially inconvenient for those who travel frequently.

No Free Credit Score Tracking

Some credit card companies provide their customers with the means to monitor their credit score for free each month. However, BB&T does not offer this feature.

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The Bottom Line

BB&T offers low APRs, fraud safeguards, and no annual fees. However, the company does not provide its cardholders with a reward program or free credit score tracking. Additionally, BB&T charges late payment and foreign transaction fees.