MINI Card Review

MINI Card is a store rewards credit card issued by BMW Bank of North America. 

This card is designed for people with good credit. The minimum credit score to apply is 700. If you're wondering whether MINI Card is the right card for you, read on. This is everything you need to know to make a good choice.

Pros & Cons of MINI Card

The Good	The Bad
Lower than average purchase APRs. No annual fee. Cardholders can earn rewards on their purchases. Earn rewards on every purchase. MINI Card reports to multiple credit bureaus. 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.	Does not offer a signup bonus. Charges a foreign transaction fee of 3%. Does not include many credit card rewards. Has foreign transaction fees.

Is there a MINI Card cash back or rewards program?

MINI Card offers a rewards program to its customers.

MINI Card Rewards

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

What are the relevant APRs for MINI 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. MINI Card has lower than average purchase APRs.

MINI 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%. The card has a variable cash advance APR of up to 27.24%.

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.

MINI Card Balance Transfers

Description
Balance Transfer APR	15.24% - 26.24%
Introductory Rate	N/A
Intro APR period (months)	15

MINI 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	Up to 27.24%
Security Deposit	N/A
Introductory Rate	0%
Intro APR period (months)	15

What are the MINI Card fees?

The following fees apply to MINI Card:

MINI Card Fees

Fees	Amount
Annual Fee	$0
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 MINI Card report your account activity to credit bureaus?

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 can help improve your credit score.

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 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.