SuperMoney 
  BMW Ultimate Card

BMW Ultimate Card

in Personal Credit Cards from BMW Bank of North America

Unaffiliated

BMW Ultimate Card

Unaffiliated

in Personal Credit Cards from BMW Bank of North America

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend BMW Ultimate Card to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

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

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% balance transfer intro rate. Offers an introductory APR rate on balance transfers of 0% for up to 15 months , which is longer than the average 0% APR period of 12 months.
  • Competitive APRs. BMW Ultimate Card has a variable purchase APR of up to 26.24%.
  • Charges foreign transaction fees. Avoid using this card when traveling outside the U.S. because it charges a commission of 3% every time you make a transaction outside the U.S.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
  • Gas rewards. Earn
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.
  • Has an introductory APR rate on balance transfers of 0%.
  • Earn rewards on every purchase.
  • BMW Ultimate Card reports to multiple credit bureaus.
  • Contains annual fee.
  • Contains international transaction fees.
  • 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%.
  • Does not include many credit card rewards.

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?

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

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

BMW Ultimate Card Balance Transfers
Description
Balance Transfer APR 15.24% - 26.24%
Introductory Rate 0%
Intro APR period (months) 15
BMW Ultimate Card Rates & Terms
Description
Balance Computation N/A
Purchase APR 15.24% - 26.24%
Credit Limit N/A
Penalty APR 31.24%
Cash Advance APR N/A
Security Deposit N/A
Introductory Rate 0%
Intro APR period (months) 15

What are the BMW Ultimate Card fees?

The following fees apply to BMW Ultimate Card:

BMW Ultimate Card Fees
Fees Amount
Annual Fee $75
Foreign Transaction Fee 3%
Balance Transfer Fee 4%
Minimum Balance Transfer Fee $5
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 score.

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...

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:30pm
  • Tuesday 9:00am - 5:30pm
  • Wednesday 9:00am - 5:30pm
  • Thursday 9:00am - 5:30pm
  • Friday 9:00am - 5:30pm
  • Saturday Closed

About BMW Ultimate Card

Icon for Personal Credit Cards
View all personal credit cards offered by BMW Bank of North America

Availability

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

Eligible In-Store Purchases (Points) 5
Gas (Points) 3
No Interest Grace Period for Late Payment 22
Annual Fee $75
Balance Transfer Fee % 4%
Balance Transfer Fee Minimum $5
Cash Advance Fee (%) 4%
Cash Advance Fee Minimum $10
Foreign Currency Transaction Fee 3%
Late Fee Amount Up to $35
Minimum Interest Charge $0.50
Returned Payment Fee Up to $35
Customer Type Personal
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Card Network
  • Visa
Card Type
  • Gas
  • Store Card
  • Travel
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Rewards Categories
  • Car Rentals
  • Every Purchase
  • Gas
  • Travel
Purchase APR (Variable APR) 15.24% - 26.24%
Introductory Rate 0%
Penalty APR 31.24%
Balance Transfer APR (Variable APR) 15.24% - 26.24%
Intro APR period 15
Introductory Rate 0%

Be the first to rate

 

Would you recommend BMW Ultimate Card to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Personal Credit Cards

BMW Bank of North America Personal Credit Cards

Product

Reviews

Annual Fee

Purchase APR

Balance Transfer APR

Credit Score Range

BMW Card

BMW Card

Be the first to rate

Annual Fee $0 Annual Fee
Purchase APR 15.24% - 26.24%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 15.24% - 26.24%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 700 - 850     300 850
BMW Signature Card

BMW Signature Card

Be the first to rate

Annual Fee $75 Annual Fee
Purchase APR 15.24% - 26.24%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 15.24% - 26.24%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 700 - 850     300 850
BMW Card For Motorrad

BMW Card For Motorrad

Be the first to rate

Annual Fee $0 Annual Fee
Purchase APR 15.24% - 26.24%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 15.24% - 26.24%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 700 - 850     300 850
MINI Card

MINI Card

Be the first to rate

Annual Fee $0 Annual Fee
Purchase APR 15.24% - 26.24%
(Variable APR)
    0% 36% Variable APR
Balance Transfer APR 15.24% - 26.24%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 700 - 850     300 850