BMW World Mastercard®

BMW World Mastercard® Review

BMW World Mastercard® is no longer available to new customers on SuperMoney. Click here to compare Credit Cards and quickly find the best options for your needs.

This is a store rewards card issued by BMW Bank of North America. If you're wondering whether BMW World Mastercard® is the right card for you, read on.

Key Takeaways

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Signup bonus. Offers a signup bonus of 5000 points after spending $500 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. BMW World Mastercard® has a variable purchase APR that ranges from 15.24% up to 24.24%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• 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.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of BMW World Mastercard®

The Good

The Bad

5,000 bonus points after you spend $500 in net purchases within the first 90 days of account opening. Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. 0% APR on new purchases during the first 12 months. There is then a variable purchase APR that ranges from 15.24% up to 24.24%. No annual fee. Identity Theft Protection. Cardholders can earn rewards on their purchases. BMW World Mastercard® reports to multiple credit bureaus.

You need good credit to qualify. Charges a foreign transaction fee of 3%. You don't earn rewards on every purchase. Does not include many credit card benefits.

BMW World Mastercard® FAQ

Does BMW World Mastercard® have a cash back or rewards program?

BMW World Mastercard® is a rewards card.

BMW World Mastercard® Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	5000
Signup Bonus Spend Requirement	$500
Signup Bonus Spend Period (months)	3 months

What are the BMW World Mastercard® benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for BMW World Mastercard®?

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 lower than average regular APRs.

BMW World Mastercard® has a variable purchase APR that ranges from 15.24% up to 24.24%. 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 24.99% .

What are the fees for BMW World Mastercard®?

The following fees apply:

• There is no overlimit fee

BMW World Mastercard® Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $40
Late Payment Fee	up to $40

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does BMW World Mastercard® report your account activity to credit bureaus?

Yes, BMW World Mastercard® 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 World Mastercard®

• Visit the BMW World Mastercard® 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.