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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
Purchase APR  (Variable APR) 15.24% - 26.24%
Balance Transfer APR  (Variable APR) 15.24% - 26.24%
Credit Score Range 650 - 850
Annual Fee $75

BMW Ultimate Card Review

This is a store rewards 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 review will provide you with with all the details you need 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 4% on balance transfers. For example, a balance of $1,000 could cost $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. on eligible gas purchases.
  • Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of BMW Ultimate Card
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.
  • Cardholders can earn rewards on their purchases.
  • 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.
  • Charges a foreign transaction fee of 3%.
  • Charges a 4% balance transfer fee.
  • Does not include many credit card benefits.
BMW Ultimate Card FAQ

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

BMW Ultimate Card is a travel rewards card.

BMW Ultimate Card Rewards
Rewards rate (all purchases) N/A
Max rewards rate N/A
Annual rewards limit N/A

Does BMW Ultimate Card have a signup bonus?

This card doesn't offer a cash signup bonus.

Does BMW Ultimate Card offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

What are the BMW Ultimate Card benefits?

It provides the following benefits:

  • Zero fraud liability
  • Reports to major credit bureaus

What are the relevant APRs for BMW Ultimate 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. It has lower than average regular APRs.

It 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 intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 15 months.

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

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

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

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

What are the fees for BMW Ultimate Card?

The following fees apply:

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 foreign transaction fees.

What is the customer service phone number for BMW Ultimate Card?

The BMW Ultimate Card customer service number is (801) 461-6415.

What is the support contact email for BMW Ultimate Card?

The support contact email for BMW Ultimate Card is bmwgenius@bmwusa.com.

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

Yes, 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 may 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 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

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
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
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 650 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Fraud Liability
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%
Card Type
  • Rewards
  • Balance Transfer
  • Travel
  • Store Card
  • Gas
Card Network Visa

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