BMW Ultimate Card
in Personal Credit Cards from BMW Bank of North America
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| Balance Transfer APR (Variable APR) | 15.24% - 26.24% |
| Credit Score Range | 700 - 850 |
| Annual Fee | $75 |
| Purchase APR (Variable APR) | 15.24% - 26.24% |
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 and Cons:
| The Good | The Bad |
|---|---|
|
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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.
| 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.
| Description | |
|---|---|
| Introductory Rate | 0% |
| Purchase Intro APR Period (months) | 15 |
What are the BMW Ultimate Card fees?
The following fees apply to BMW Ultimate Card:
| 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 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.
Contact
- Headquarters
-
2735 East Parley's Way
Suite 301
Salt Lake City, UT 84109 - (801) 461-6415
- Visit Site
About BMW Ultimate Card
Availability
- 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 |
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Other Personal Credit Cards
BMW Bank of North America Personal Credit Cards
Balance Transfer APR
15.24% - 26.24%
Credit Score Range
700 - 850
Annual Fee
$0
Purchase APR
15.24% - 26.24%
Balance Transfer APR
15.24% - 26.24%
Credit Score Range
700 - 850
Annual Fee
$75
Purchase APR
15.24% - 26.24%
Balance Transfer APR
15.24% - 26.24%
Credit Score Range
700 - 850
Annual Fee
$0
Purchase APR
15.24% - 26.24%
Balance Transfer APR
15.24% - 26.24%
Credit Score Range
700 - 850
Annual Fee
$0
Purchase APR
15.24% - 26.24%
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