How to apply for BMW credit card application?

Credit cards are issued by the car giants and have numerous benefits working in favor of their customers. There are three credit cards in action from BMW and you need to put a BMW credit card application to get them.

  • Credit card from BMW
  • Precision credit card
  • Motorrad World MasterCard credit card

With these credit cards, you can earn points from gas stations, restaurants including fast food chains, and also from shopping in BMW stores.

The credit cards are popular for their signing bonus, flexible option for redeeming points, and also for earning points with down payments, in service, and repairs. Even the two-wheel lovers have a credit card for themselves. Credit cards are known for their frequent offers and financing options given to customers.

Annual FeesNil
Credit LimitDepending on your creditworthiness
Purchase APRNil for 12 billing cycles & post that phase it is 15.24%-24.24%
Balance Transfer APR15.24% to 24.24%
Minimum required credit score670
Security DepositN/A
Average Regular APR15.24%-24.24%
Reward Rate4 points for every dollar

How to apply for BMW credit card application?

In this segment, we will provide you with information about the application process for a credit card.

Step 1: After you click on the credit card link, you will reach the page where you have to click on the Apply Now option.

BMW credit card

Step 2: Fill in the first part of the application. Add your name, birth date, country of residence/citizenship, and social security number.

BMW credit card apply here

Step 3: Next, you need to add the address, total annual income details, and total annual income source.

BMW credit card application

Step 4: Add balance transfer and other details into the space provided. Press the checkbox that helps you to agree to the terms and conditions. Finally, you must click on the Submit button to complete the process of application.

online BMW application

What are application requirements?

Several application requirements need to be fulfilled for making an online application.

  1. You need to fill out the social security number if you are a US citizen.
  2. If you are a citizen of some other country, you must fill in the country’s name and also have an identity card handy, in case, someone asks you for it.
  3. Have a suitable address which is just not a P.O Box address.
  4. At least a credit card score of 650 is required to get the credit card.
  5. Verification documents will be Driver’s License and Green Card.

Who is eligible?

Eligibility criteria are not very stringent with credit cards.

  1. One must be a major according to their state’s laws.
  2. You will need to display an annual income.
  3. As an applicant, you need to be in an occupation or job that you can declare.

PROS & CONS

Pros: Each credit card has a special set of features.

FeaturesBMW credit cardBMW Precision Credit cardBMW Motorrad World MasterCard credit card
Annual Fee$0$99$0
Points earned on BMW purchases4 points per dollar5 points per dollar4 points per dollar
Gas station points3 points for every dollar3 points every one dollar3 points for $1
Restaurant pointsPer dollar, 2 pointsPer dollar, 2 pointsPer dollar, 2 points
Anywhere else1 point every dollar1.5 point per dollar1 point every $1

Cons:  There are a few downsides to having a credit card as well.

  • Credit cards have a high APR after 12 months.
  • For the credit cards, 5000 points paid initially is equal to $50.

Is BMW credit card hard to get?

If you have the required credit score or more than the required score of 670, you can opt for the credit card.

What bank is BMW credit card?

Elan Financial Services offers the BMW credit card.

Does BMW accept credit cards for down payment?

Yes, BMW credit cards take down payments.

Conclusion

If you have any of the credit cards from BMW, you can read about its details from here. If you are yet to apply for their credit cards, you can also read more about them from this segment.

Author

  • My name is Raj Singh. I am a Digital Marketer, Seo Consultant, and Entrepreneur. I have an experience of 7 years in the digital world and launched many digital products.

Leave a Comment

Your email address will not be published.

Scroll to Top