"Purchased New BMW-Got The Card"

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Written by: flirishpm on 2009-11-03

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flirishpm's review: Callout Comment I purchased a new 328i coupe this past weekend and while filling out the paperwork, the finance manager told me that due to my great FICO scores, I was automatically approved for the BMW Platinum Visa card. My scores range from 720 to 753 and no lates or anything derogatory in my files.

I received a $7,800 credit line with 8.9% apr and no annual fee. Should have the card in 7-10 business days.

This is a better card than my Citi AAdvantage American Express card so I'll be throwing that one in the sock drawer for a few months.

The irony in all of this is that Citi turned my 'credit line increase' request over 3 months ago... All I wanted was a lousy $500 increase because I've been at a $5,810 credit line for over 7 years. I've never, ever been late and never over the limit. I typically pay in full each month so this must be retribution for not paying all of those interest charges and fees that Citi is known for.


Comment 1 by hjm331
Re: Purchased New BMW-Got The Card User Icon on 2009-11-03

Remarks Congrats on both the new BMW and card! Hope you enjoy both. Did you test drive any other cars before signing on the dotted line?
Comment 2 by meya
Re: Purchased New BMW-Got The Card User Icon on 2009-11-04

Remarks Wow, congrats on the new car and the card. Keep us updated with your overall usage of the card.
Comment 3 by flirishpm
Re: Purchased New BMW-Got The Card User Icon on 2009-11-04

Remarks Hjm331... I test drove the new Chevy Camaro (rides like a truck and shockingly cheap interior) Lexus ES300 (too expensive for what you get and the sales person was a snob) and Mercedes Benz SLK 300 (no room for golf clubs with top down).

For what it's worth, I don't think there's any auto manufacturer out there right now that can compete with BMW's warranty and that's really what I looked at long and hard. Bottom line is that if you're going to be paying for a vehicle, get the best warranty you can for the money.

I'll keep everyone posted on the CC usage over the next few months.
Comment 4 by kiejon9
Re: Purchased New BMW-Got The Card User Icon on 2009-12-24

Remarks Congrats
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