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  BMW Precision World Elite Mastercard®

BMW Precision World Elite Mastercard®

in Personal Credit Cards from BMW Bank of North America

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BMW Precision World Elite Mastercard®

Unaffiliated

in Personal Credit Cards from BMW Bank of North America

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Highlights
Purchase APR  (Variable APR) 15.24% - 24.24%
Balance Transfer APR  (Variable APR) 15.24% - 24.24%
Credit Score Range 700 - 850
Annual Fee Up to $99

BMW Precision World Elite Mastercard® Review

BMW Precision World Elite Mastercard® is a cashback credit card issued by BMW Bank of North America. If you're wondering whether BMW Precision World Elite Mastercard® is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Signup bonus. Offers a signup bonus of 7500 points after spending $1,000 within 3 months that can be redeemed for travel, gifts, or other perks.
  • Competitive APRs. BMW Precision World Elite Mastercard® has a variable purchase APR that ranges from 15.24% up to 24.24%.
  • No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
BMW Precision World Elite Mastercard® Pros & Cons
The Good The Bad
  • 7,500 bonus points after you spend $1,000 in net purchases within the first 90 days of account opening
  • $70 credit annually at BMW Centers
  • Get 25% more value when you redeem points for a BMW Rewards Card. Use it for BMW service, accessories, lease end costs and more.
  • Lower than average purchase APRs.
  • Identity Theft Protection.
  • No foreign transaction fee.
  • Cardholders can earn rewards on purchases everywhere BMW Precision World Elite Mastercard® is accepted.
  • BMW Precision World Elite Mastercard® reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not include many credit card benefits.
BMW Precision World Elite Mastercard® FAQ

Is there a BMW Precision World Elite Mastercard® cash back or rewards program?

BMW Precision World Elite Mastercard® is a cashback card. This means you earn a percentage of your purchase as a cash reward. With BMW Precision World Elite Mastercard® you receive 1.5% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

BMW Precision World Elite Mastercard® Rewards
Minimum rewards rate 1.5x
Max rewards rate N/A
Annual rewards limit N/A
Signup Bonus (Points/Miles) 7500
Signup Bonus Spend Requirement $1000
Signup Bonus Spend Period (months) 3 months

Does BMW Precision World Elite Mastercard® have a signup bonus?

BMW Precision World Elite Mastercard® doesn't offer a cash signup bonus. However, it does include a 7500 points signup bonus after spending $1000 that can be redeemed for travel, gifts, or other perks.

Does BMW Precision World Elite Mastercard® offer an annual loyalty bonus?

BMW Precision World Elite Mastercard® doesn't offer a cash loyalty bonus.

What are the BMW Precision World Elite Mastercard® benefits?

BMW Precision World Elite Mastercard® provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for BMW Precision World Elite Mastercard®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. BMW Precision World Elite Mastercard® has lower than average purchase APRs.

BMW Precision World Elite Mastercard® has a variable purchase APR that ranges from 15.24% up to 24.24%. The card has a variable balance transfer APR that ranges from 15.24% up to 24.24%. It also has a variable cash advance APR of 24.99% .

Does BMW Precision World Elite Mastercard® have an introductory APR offer on balance transfers?

No, BMW Precision World Elite Mastercard® does not come with an introductory APR offer for balance transfers.

Does BMW Precision World Elite Mastercard® have an introductory APR offer on new purchases?

BMW Precision World Elite Mastercard® does not offer an introductory rate on new purchases.
BMW Precision World Elite Mastercard® Purchase Intro Offer
Description

What are the fees for BMW Precision World Elite Mastercard®?

The following fees apply to BMW Precision World Elite Mastercard®:

BMW Precision World Elite Mastercard® Fees
Fees Amount
Annual Fee
Foreign Transaction Fee 0%
Returned Payment Fee up to $35
Late Payment Fee up to $40

Does BMW Precision World Elite Mastercard® have a foreign transaction fee?

BMW Precision World Elite Mastercard® does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does BMW Precision World Elite Mastercard® report your account activity to credit bureaus?

Yes, BMW Precision World Elite Mastercard® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for BMW Precision World Elite Mastercard®

  • Visit the BMW Precision World Elite Mastercard® website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

About BMW Precision World Elite Mastercard®

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View all personal credit cards offered by BMW Bank of North America

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) Starting at 1.5
Restaurants (Points) Starting at 2
Gas (Points) Starting at 3
Eligible In-Store Purchases (Points) Starting at 5
Every Purchase (Points) 1.5X points on all other eligible purchases
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
No Interest Grace Period for Late Payment 24 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 5%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee Up to $99
Minimum Interest Charge $2.00
Returned Payment Fee Up to $35
Late Fee Amount Up to $40
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Fraud Liability
  • Identity Theft Protection
Rewards Categories
  • Every Purchase
  • Travel
  • Restaurants
  • Gas
  • In-Store Eligible Purchases
Signup Bonus (points) 7,500
Cash Advance APR (Variable APR) 24.99%
Balance Computation Average daily balance (including new purchases).
Purchase APR (Variable APR) 15.24% - 24.24%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer APR (Variable APR) 15.24% - 24.24%
Balance Transfer Fee Minimum $5
Card Type
  • Rewards
  • Cashback
  • Bonus Offers
Card Network Mastercard

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