BMW is one of the biggest names among vehicle-producing companies, to apply for the BMW credit is another way to help you get rewards and know about their FAQs as a customer of the car giants which use to offer Visa cards but currently have upgraded to Mastercard cards.
BMW credit cards were offered by Bank of America (BOA), back then but now the cards are exclusively offered by Elan Financial Service the affiliate of US Bank, the BMW credit card gives reward in points, zero percent intro APR on purchases, and balance transfer for the first 12 billing cycles on any purchases but after that, their APR are given at 15.24% – 24.24% variable figures.
To qualify for this BMW credit card you need to have at least a credit score of 700 and above.
BMW credit card gives a welcome bonus of 5000-points once you purchase with $500 within the first 90days of acquiring the card, other include 4-points for each $1 spent on eligible BMW purchases, 3 points for $1 spent at gas stations, 2 points for $1 spent at restaurants, 1 point for $1 for purchases done at every other purchase.
The BMW Precision credit card gives you the benefits of 7500 BMW reward points when you spend $1000 with the first 90 days of creating your account.
To qualify for this BMW credit card you need to have at least a credit score of 700 and above.
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Apply for BMW Credit Card Online
Below is how to apply for the BMW credit for the eligible person;
- First visit the BMW official application site at www.mybmwcard.com
- Navigate to “Apply Now” and tap on it.
- Select the card you wish to apply for and Submit
- Agree to the BMW card application terms and conditions and continue “Continue”.
- Next fill in your personal information name, phone number, address, Social Security Number (SSN), date of birth, mother’s maiden name, and type in how long you have lived at your current home address.
- Provide also your email address, employer’s name, job title, employer’s phone number, and how long you have been employed.
- Input your user and their information if you wish to add a second user.
- Click on “Continue” and go through the instructions to finish the BMW online application.
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BMW Motorrad World Mastercard is for two-wheel users which offer benefits to motorcycle users in the same tune as the normal Mastercard just that this very card focuses basically on purchases of bikes and their maintenance.
BMW Credit Card Rewards Program
With this credit card, BMW credit card give a welcome bonus of 5000-points once $500 with the first 90days, 4-points for each $1 spent on BMW purchases, 3 points for $1 spent at gas stations, 2 points for $1 spent at restaurants, 1 point for $1 for purchases done at every other purchase.
With the BMW precision credit card, you get a reward of 7500 bonus in BMW Reward points after you spend $1000 in purchases within the first 90 days after account opening.
All these rewards can be redeemed for travel cash backs and at merchants at a fee of 1 cent for each point.
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FAQs About BMW Credit Card
What is the APR for a BMW credit card?
BMW credit card has is 0% APR for the first 15 months but varies afterward based on Prime Rate, which ranges from 14.99% to 25.99% depending on credit history.
How long does BMW take for approval of a BMW credit card application?
It takes at least 12-24 hours for credit card approval
Will I get a cash advance with my BMW Credit card?
Yes, but at a charge of 26.99% and a $10 or 4%, whichever is higher
Is there an annual fee?
No, the BMW credit card has zero annual fees but the BMW Signature card charges a $75 annual fee charge.
Is there a late fee?
Yes, Overdue payment can be charged up to $35
What is the BMW penalty APR given at?
Returned balance and overdue payments can attract a penalty APR of up to 30.99%.
How to check my BMW credit card application status?
You can check your BMW credit application status by calling them at 1-800-364-9648.
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