BMW Precision Card

BMW Precision Card Review

This is a cashback credit card issued by BMW Bank of North America. If you're wondering whether BMW Precision Card is the right card for you, read on.

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.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 26.49%.
• 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 will have low approval odds if your credit score is below 700.

Pros & Cons of BMW Precision Card

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. Identity Theft Protection. No foreign transaction fee. Cardholders can earn rewards on their purchases. BMW Precision Card reports to multiple credit bureaus.

Higher than average purchase APRs. You need good credit to qualify. Charges an annual fee of $99 Does not include many credit card benefits.

BMW Precision Card FAQ

Does BMW Precision Card have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.

BMW Precision Card Rewards

Minimum rewards rate	1.5x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	7500
Signup Bonus Spend Requirement	$1000
Signup Bonus Spend Period (months)	3 months

What are the BMW Precision Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for BMW Precision Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

BMW Precision Card has a variable purchase APR that ranges from 17.49% up to 26.49%. 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 28.24% .

What are the fees for BMW Precision Card?

The following fees apply:

BMW Precision Card Fees

Fees	Amount
Annual Fee	$99
Foreign Transaction Fee	0%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

Does BMW Precision Card report your account activity to credit bureaus?

Yes, BMW Precision Card 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 Card

• Visit the BMW Precision Card 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.