MINI Card Review

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

• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 15 months.
• Competitive APRs. MINI Card has a variable purchase APR that ranges from 15.24% up to 26.24%.
• 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.
• 4% Balance transfer fee. MINI 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.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

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. Lower than average purchase APRs. 0% APR on new purchases during the first 15 months. 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. Requires good to excellent credit. 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.

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

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.

What are the fees for MINI Card?

The following fees apply to MINI Card:

MINI Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $35
Late Payment Fee	up to $35

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.