How to Apply for the Bank of Albuquerque Visa Bonus Rewards/Bonus Rewards PLUS Credit Card

If you are an resident of Albuquerque and have an excellent credit score, we at Card Reviews recommend the Bank of Albuquerque Visa Bonus Rewards/Bonus Rewards PLUS Credit Card as a credit option that you might be interested in. Both the Bonus Rewards and Bonus Rewards PLUS options offer the same APR, which is assigned based on your creditworthiness at a rate set between 12.49% and 23.49% (APR is subject to change). If you have an excellent credit score, you could be seeing an APR which is extremely competitive when measured next to other comparable credit options. Both cards also offer a 0% introductory APR for the first 6 billing cycles of an account being opened. As for the rewards program, the Bonus Rewards option gives cardholders 1.25 points per dollar spent each month and Bonus Rewards PLUS earns its cardholders 1.5 points per dollar spent each month. For this difference of one quarter of a point in rewards, Bonus Rewards PLUS cardholders have to pay an annual fee of $50, whereas the Bonus Rewards card comes with no annual fee. Your rewards points can be redeemed for cash back, airfare or gifts. Cash back awards start at $25 cash back for 2,500 accumulated points. For airfare, you will need 25,000 points to redeem one round-trip airfare of up to $325. So to redeem your points for rewards, you will need to make thousands of dollars worth of purchases. As an additional bonus to entice potential applicants, after your first purchase you will get $25 cash back with the Bonus Rewards (or $50 with the Bonus Rewards PLUS option). If you’re interested in these two credit options, you may want to more strongly consider the Bonus Rewards as this option is virtually identical to the Bonus Rewards PLUS, excepting that it has no annual fee. To apply for these cards, you can scroll down and follow our guide which explains how to complete an online application.

Before submitting any of your personal and financial information, we recommend that you read Elan Financial Services’ (EFS) privacy policy.

Requirements

To be eligible for this credit card you must meet the following requirements:

  • Be 18 years of age or older
  • Have a valid US address
  • Have a valid SSN

How to Apply

Step 1 – To start the application process, navigate to the Bank of Albuquerque credit card page. Once there, scroll down to All Purpose Rewards and click on Apply Now below the credit option that you wish to apply for to continue to the next step.

Step 2 – You will now be required to provide an extensive amount of information to complete your application. Begin by filling out the following Personal Information:

  • Full name
  • Date of birth
  • SSN
  • Country of citizenship
  • Country of permanent residence
  • Phone number (mobile phone number optional)
  • Email address (optional)

Step 3 – Next, all of the information listed below will need to be entered into the indicated fields of the Housing Information section.

  • Complete physical address (city, state, ZIP code)
  • Time at address
  • Housing status
  • Monthly payment
  • Alternate mailing address (if applicable)

Step 4 – To help EFS have a better understanding of your current financial situation, you will be asked to supply the following Income and Employment Information into the indicated spaces:

  • Employment status
  • Employer
  • Occupation
  • Annual income
  • Other income (if applicable)

Step 5 – At this point in the application, if you have any existing accounts with Bank of Albuquerque, select Yes next to each option that applies.

Step 6 – Here you have the option to perform balance transfers and to add joint applicants and authorized users. Select Yes next to each option that you wish to apply and provide the necessary information before continuing.

Step 7 – Having completed all of the required information in the application, you should now review the terms and conditions for this credit card to ensure that you agree with them. Assuming you consent to the terms, check the I accept the Terms and Conditions box and click Submit to submit your application for review.

Your application is now complete and you will soon receive a response from EFS regarding your application’s status. We wish you the best of luck and we hope that you have found our guide to be helpful. Thank you for visiting Card Reviews.

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