MINI Card

MINI Card Review

This is a store rewards card issued by BMW Bank of North America. If you're wondering whether MINI Card 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 15 months.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 17.49% up to 26.49%.
• 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.
• 3% Balance transfer fee. MINI Card charges a fee of 3% on balance transfers. For example, a balance of $1,000 could cost $30 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.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of MINI Card

The Good

The Bad

No annual fee. Every purchase you make with the MINI Card – like gas, tolls and car washes – earns MINI Motoring Reward Points, good towards cool MINI Motoring Rewards. 0% APR balance transfer intro rate on balance transfers for up to 12 months. 0% APR on new purchases during the first 15 months. There is then a variable purchase APR that ranges from 17.49% up to 26.49%. No annual fee. Cardholders can earn rewards on purchases everywhere MINI Card is accepted. MINI Card reports to multiple credit bureaus.

Has foreign transaction fees. Higher than average purchase APRs. You need good credit to qualify. Does not offer a signup bonus. Charges a foreign transaction fee of 3%. Charges a 3% balance transfer fee

MINI Card FAQ

Does MINI Card have a cash back or rewards program?

MINI Card is a rewards card.

MINI Card Rewards

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

What are the relevant APRs for MINI 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. This card has higher than average regular APRs.

MINI Card has a variable purchase APR that ranges from 17.49% up to 26.49%. The card has a variable balance transfer APR that ranges from 17.49% up to 26.49%. The card has a variable cash advance APR of up to 28.24%.

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for MINI Card?

The following fees apply:

MINI Card Fees

Description
Cash Advance Fee Minimum	$10
Cash Advance Fee (%)	5%
Foreign Currency Transaction Fee	3%
No Annual Fee?
Annual Fee	$0
Minimum Interest Charge	$1
No Interest Grace Period for Late Payment	24 days
Returned Payment Fee	Up to $41
Late Fee Amount	Up to $41

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

Does MINI Card report your account activity to credit bureaus?

Yes, MINI 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 MINI Card

• Visit the MINI 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.