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  BMW Ultimate Card

BMW Ultimate Card

in Personal Credit Cards from BMW Bank of North America

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BMW Ultimate Card

Unaffiliated

in Personal Credit Cards from BMW Bank of North America

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Highlights
Highlights
Purchase APR  (Variable APR) 15.24% - 26.24%
Balance Transfer APR  (Variable APR) 15.24% - 26.24%
Credit Score Range 700 - 850
Annual Fee $75

BMW Ultimate Card Review

BMW Ultimate Card is a store credit card issued by BMW Bank of North America. If you're wondering whether BMW Ultimate Card is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 15 months, which is longer than the average 0% APR period of 12 months.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
  • Competitive APRs. BMW Ultimate Card has a variable purchase APR that ranges from 15.24% up to 26.24%.
  • 4% Balance transfer fee. BMW Ultimate Card charges a fee of up to 4% on balance transfers. For example, a balance of $1,000 could cost up to $40 in transfer fees. The minimum fee is $5.
  • Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Gas rewards.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
BMW Ultimate Card Pros & Cons
The Good The Bad
  • Receive BMW Reward Points for premium Get Away Rewards like airline tickets, hotel stays, rental cars, cruises, and more.
  • Earn 5 points for every dollar spent at BMW Centers.
  • Earn 3 points for every dollar spent on gas purchases.
  • Earn 1 point for every dollar spent on purchases.
  • Lower than average purchase APRs.
  • 0% APR balance transfer intro rate on balance transfers for up to 15 months.
  • 0% APR on new purchases during the first 15 months.
  • Earn rewards on every purchase.
  • BMW Ultimate Card reports to multiple credit bureaus.
  • Contains annual fee.
  • Contains international transaction fees.
  • Requires good to excellent credit.
  • Charges an annual fee of $75
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee.
  • Does not include many credit card rewards.
BMW Ultimate Card FAQ

Is there a BMW Ultimate Card cash back or rewards program?

No, BMW Ultimate Card does not offer a rewards program.

What are the relevant APRs for BMW Ultimate Card?

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 Ultimate Card has lower than average purchase APRs.

BMW Ultimate Card has a variable purchase APR that ranges from 15.24% up to 26.24%. The card has a variable balance transfer APR that ranges from 15.24% up to 26.24%. Note that late payments are subject to an APR of 31.24% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does BMW Ultimate Card have an introductory APR offer on balance transfers?

Yes, BMW Ultimate Card offers an introductory APR rate on balance transfers of 0% for a period of up to 15 months.

BMW Ultimate Card Balance Transfers
Description
Balance Transfer APR 15.24% - 26.24%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period (months) 15
Balance Transfer Fee % 4%
Balance Transfer Fee Minimum $5

Does BMW Ultimate Card have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 15 months.

BMW Ultimate Card Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 15

What are the fees for BMW Ultimate Card?

The following fees apply to BMW Ultimate Card:

BMW Ultimate Card Fees
Fees Amount
Annual Fee $75
Foreign Transaction Fee 3%
Returned Payment Fee up to $35
Late Payment Fee up to $35

Does BMW Ultimate Card have a foreign transaction fee?

BMW Ultimate Card charges a foreign transaction fee of 3%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $60. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge a foreign transaction fee.

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

BMW Ultimate 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 can help improve your credit.

How to apply for BMW Ultimate Card

  • Visit the BMW Ultimate 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 you're denied click here to find out why your application may have been rejected and what you can do about it.

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 Ultimate Card

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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

Gas (Points) 3
Eligible In-Store Purchases (Points) 5
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 15 months
No Interest Grace Period for Late Payment 22 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) 4%
Foreign Currency Transaction Fee 3%
Annual Fee $75
Minimum Interest Charge $0.50
Returned Payment Fee Up to $35
Late Fee Amount Up to $35
Customer Type Personal
Minimum Age 18
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
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
  • Equifax
  • Experian
  • TransUnion
Rewards Categories
  • Car Rentals
  • Every Purchase
  • Gas
  • Travel
Penalty APR (Variable APR) 31.24%
Purchase APR (Variable APR) 15.24% - 26.24%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 15 months
Balance Transfer APR (Variable APR) 15.24% - 26.24%
Balance Transfer Fee Minimum $5
Balance Transfer Fee % 4%

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