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.

• 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.

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.

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

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% .

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® 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.