BMW PlatinumŽ Visa CardQuick Summary:
This is a Visa automotive rebate rewards card issued by BMW Bank of North America. This card is intended for consumers, or "personal use" with a good to perfect credit history. APR's may vary among applicants, however the lowest standard APR is 6.24%* and may be as high as 17.24%* (Variable)*, depending on your credit worthiness*.
The lowest available APR is variable, meaning that the rate can change as U.S. prime rates fluctuate. You can find out how to compute your APR in the programs terms and conditions. For example, you may be instructed to add 2.99% to the U.S. prime rate.
There is no annual fee for this card.*
This card can be used for automotive rebates, where you can expect rewards or discounts for certain purchases.
Credit Record Needed:
Based on the FICO score recommendation, applicants should have a great credit record. A FICO credit score of 731 is recommended for a higher chance of approval, but this is not required. There are a number of other factors that this issuer may also consider when making decisions for approval.
The grace period listed for the BMW PlatinumŽ Visa Card is at least 22 days*. So interest charges will not be applied for purchases during those days. Be aware that some issuers will begin charging interest on cash advances and balance transfers on the transaction date.
This card contains the brand of Visa, where acceptance is global. Most businesses that accept credit cards will accept Visa as a form of payment.
There were 4 people that reported their status to us after they applied. They provided us with helpful qualification information, including their credit scores, the rates offered to them, household income and more. 75% of those applicants were approved.
This card has a poor approval or acceptance rate. Since this is a card for good credit, there may be a fairly strict standard for qualifications, including credit record and income level. Furthermore, if your FICO score is close to or higher than 731, then your chance of approval may be even greater.
Approval time for this offer is not listed. You could expect a possible instant decision, but you should expect a final credit decision within 1-2 weeks.
Drivers, start your free rewards. The no-fee BMW Rewards offers:
- Up to $5,000 back on your next BMW FS lease or loan
- Additional miles on your BMW FS lease
- BMW Center Dividend SM good for service, repairs, parts, and accessories
- Excess wear and use charges on your BMW FS lease
- BMW Lifestyle Merchandise
* Please see the credit card application for details about terms and conditions.
Reasonable efforts are made to maintain accurate information. However all credit
card information is presented without warranty.
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Consumer Card Rate Comparison
|APR||6.24%* - 17.24%* (Variable)*|
|Avg. Annual Fee||$43.39**|
** APR average does not include cards where APR is 0%, unless viewing offers in the secured card category. "Annual fee
average" contains the average of all fees in a specific category (Consumer cards), even where the fee is $0. This data is subject to Finance Globe's
terms and conditions.
View rates and fees for all cards.