How to Apply for BMW Credit Card

BMW credit cards are previously issued by BMW Bank of North America, they are now issued by Elan Financial Services, a division of US Bank, and have been moved from the Visa network to Mastercard. BMW is one of the most popular, prestigious vehicles on the road. If you own a BMW, you may consider the BMW credit card.

With the BMW Visa card, you will get points toward a BMW with every purchase you make. To qualify for a BMW credit card, you need a good score, which means you need a credit score of at least 700. BMW credit card charge 0% intro APR on purchases and balance transfer for 12 billing cycles, and after that the ongoing APR of 15.24% – 24.24% variable APR.

With this card you can earn 4 points per $1 spent on eligible BMW purchases, 3 points per $1 spent at gas stations, 2 points per $1 spent at restaurants, 1 point per $1 everywhere else. There is also a sign-up bonus. With this card, you can also earn 5000 Bonus BMW Reward points after you spend $500 in purchases within the first 90 days after the account opening.

Apply for BMW Credit Card Online

It is easy to apply for a BMW credit card online.

  • To apply for BMW credit online visit their website at www.mybmwcard.com.
  • Once you reach the website click on the “Apply Now” button available near the top right corner of the page.
  • Then, select the card you would like to apply for. The application process for each card is the same.
  • For example, if you want to apply for a BMW credit card, check the card box next to the card and click on the “Submit” button.
  • On the next page, check the box showing agree to the terms and conditions and click on “Continue”.
  • Then, enter your first and last name, phone number, address, SSN, date of birth, mother’s maiden name, and type in how long you have lived at your current address.
  • Provide your email address, employer’s name, job title, employer’s phone number, and how long you have been employed.
  • Provide your annual income and determine whether you would like to add an authorized user and their user and their information.
  • Now, choose how you heard about the card and click “Continue” and follow the instructions to finish your application process.

BMW Credit Card Rewards Program

With the BMW credit card, you can earn one point for each dollar you spend on purchases except for BMW purchases, through which you can earn three points per dollar. If you qualify for a BMW Signature card, you will get four points for each dollar you spend at BMW, 2 points for each dollar you spend on gas, and one point for all other purchases.

BMW Credit Card FAQs

What is the APR for a BMW credit card?

The APR for the BMW credit card is 0% for the first 15 months. After that, it varies based on the Prime Rate and ranges from 14.99% to 25.99% depending on your credit history.

How long does BMW credit application take?

It will take 12-24 hours to process your application.

Can I get a cash advance?

You can get a cash advance. The APR for a cash advance is 26.99% and the fee is either $10 or 4%, whichever is greater.

Is there an annual fee?

The BMW credit card does not charge any annual fee. BMW Signature card charges a $75 annual fee.

Is there a late fee?

You will be charged a late fee of up to $35 if your payment is received after the due date.

Is there a penalty APR?

If your payment has been returned or if your payment is received after the due date, you will be charged a penalty APR of up to 30.99%.

How can I check the status of the BMW credit card application status?

Dial 1-800-364-9648 to check your BMW credit card application status.

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