Any good benefits to getting BMW's credit card? - BMW 3-Series (E90 E92) Forum

XS4 · 10-30-2007, 10:22 AM

For those who have it, any special benefits with it for buying BMW stuff or a new BMW?

Kuma · 10-30-2007, 10:29 AM

None that I can think of, you get points that can go toward mileage/ new car but its pretty miniscule. I got my card when I leased my E90, I never signed for it and to this day I think that the finance guy jsut slipped it in there. I guess this has happened to quite a few people though from looking at the board. I would have never gotten it otherwise, and I have never used it.

HyperM3 · 10-30-2007, 10:45 AM

I got one once. At the time it was through MBNA. Worst mistake ever as my interest rate kept hiking up. They wouldnt negotiate on anything. Plus I dont think I got rewarded at all for any purchases. After a while I felt like a dork pulling out a credit card with the Roundel on it. Like how much more did I have to "put it in someones face" that I have a BMW. Thats not really my style. I like my Amex blue for everything now.

PAMidge · 10-30-2007, 11:15 AM

No big benefits.

You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years.

So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.

XS4 · 10-30-2007, 02:08 PM

forget that then, what a gimmick. thanks for the heads up.

e92phreak · 10-30-2007, 02:46 PM

You can goto some hot chick at the cash register at the mall, flash out your BMW card, and let her know that you drive a hot car... Maybe she'll go out with you!

HyperM3 · 10-30-2007, 02:47 PM

Quote:

Originally Posted by e92phreak

You can goto some hot chick at the cash register at the mall, flash out your BMW card, and let her know that you drive a hot car... Maybe she'll go out with you!

Like I said before, can anyone be more tacky?

Sedan_Clan · 10-30-2007, 02:47 PM

Quote:

Originally Posted by PAMidge

No big benefits.

You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years.

So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.

Wait, so all you need to do is charge 5k on the card to be eligible for 5k off of a BMW purchase? Hell, with rent and bills, I could get that done in about two months.

norcalEastbay328i · 10-30-2007, 02:48 PM

what do u need to qualify for the bmw card? i need some trade lines and i just leased a e92 u think i can get one?

Sedan_Clan · 10-30-2007, 02:49 PM

Quote:

Originally Posted by HyperM3

Like I said before, can anyone be more tacky?

*raises hand*

I have a Capital One photo card. They had a special for certain customers, and that special allowed the cardholder to send Cap.One a gif/jpg, and they would place it on the card. As a result, one of my Cap.One cards has my Mystic Blue 330i on it. I actually like the card, but I rarely use it.

HERR FSTIR · 10-30-2007, 04:16 PM

Quote:

Originally Posted by PAMidge

No big benefits.

You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years.

So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.

I received an email about this from BMWFS and it sounds like this refers only to lease/loan for a new car, but not buying outright, so it's not quite the deal one would hope for since you will incur interest fees and so forth. I wonder if they would penalize you if you took out the loan, got the 5K discount, then paid it off soon thereafter.

BMCoupe_782 · 10-30-2007, 06:09 PM

just recieved an e-mail about this as well. from what I can tell...it's not worth it

John 070 · 10-30-2007, 06:58 PM

Long story short, absolutely not.

Why anyone would even charge 1 cent on it, I can only guess it's because they like to flash the roundel.

These cards prey upon those who cannot do math very well. It's like saying you get 1/4% on the first $1500, 1/2% on the 2nd $1500, and 1% after that. You'd be surprised how confused some people get when you ask them how much rebate do you get on a $3397.94 charge?

fotoguy335 · 10-31-2007, 09:07 PM

I am using the card for business purchases which could be up to $25K a month... The way I figgured it, I could use the points to cover the extra miles that I know I am going to have since I love driving the car!
For anyone who is using it for personal use you have to spend sooo much in order to make it worthwhile, get a Discover and get 1% CASH back on all purchases.

fotoguy335 · 10-31-2007, 09:09 PM

Oh yeah, and I dont show it to anyone Just call it in to vendors or the like.

samwoo2go · 10-31-2007, 10:36 PM

Quote:

Originally Posted by Sedan_Clan

Wait, so all you need to do is charge 5k on the card to be eligible for 5k off of a BMW purchase? Hell, with rent and bills, I could get that done in about two months.

read it again, it says 5 MILLION. thats like a .1% cash back, your better off with mostly all other cards.

no1sportz · 10-31-2007, 10:38 PM

I have had one for a few years. I use mine a ton so the points add up pretty quickly. Plus it has a super interest rate if I ever do leave a balance on it. I used to redeem the points for free oil changes/service but lately have just used it for BMW merchandise/cases of oil/filters, etc. I will say that not all the offerings from BMWNA are the same. The recent offerings/perks don't seem to be as good as they used to.

norcalEastbay328i · 10-31-2007, 11:22 PM

anyone know what i need to get the card?

epbrown · 10-31-2007, 11:50 PM

Just swing by their website - fs.bmwusa.com, and apply.

BzsBimmer · 11-01-2007, 12:03 AM

or just get a new lease.
It's automatically given to you when you apply for the car

like others have said, the cashback portion of it sucks BUT you'd be surprised that BMW is considered a leader in post sales experience in the financial arm and that MB and other luxury brands are trying to copy BMW with these types of strategies.

BMW2006 · 11-01-2007, 12:27 AM

You do not need to spend five million dollars to get the 5k off. The ratio is 10,000 points = 100 dollars off maximum of 5000 = 500,000 points. Standard card is two dollars for one point. Which is 1 million dollars. Which still sounds like alot of money , but you need to consider you can accumulate points over a period of years.

You can also upgrade it to the 50 dollar annual fee card which you get even point for dollar which cuts that in half.

So the initial math was off by 500%. More if you spend the 50 bucks to upgrade it. Keep in mind with this and all rewards cards, this is money you are spending anyways that you get STUFF for. I don't know where the notion comes from that you just kinda give away all this money to the card company to redeem a small rebate and have nothing to show for it. Anyone with a family of 3 or more can attest how quickly you can spend money just feeding everyone. Many cards have better conversion %'s but the points expire more rapidly. It's not going to be for everyone, but you can benefit from using it.

-BMW2006

imolazhp_ci · 11-01-2007, 01:01 AM

I have it and the only advantage is its the lowest rate visa I've ever had. Still nowhere close to my Amex though.

10-30-2007, 10:22 AM	#1
XS4 slave to the dark side Drives: 2008 335i Sedan Join Date: Jul 2007 Location: FL Posts: 173 iTrader: (3)	Any good benefits to getting BMW's credit card? For those who have it, any special benefits with it for buying BMW stuff or a new BMW?
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10-30-2007, 10:45 AM	#3
HyperM3 Too many Alex's, from now on, call me Beaufort Drives: See Sig Join Date: Feb 2007 Location: Lawrenceville, NJ Posts: 6,168 iTrader: (8)	I got one once. At the time it was through MBNA. Worst mistake ever as my interest rate kept hiking up. They wouldnt negotiate on anything. Plus I dont think I got rewarded at all for any purchases. After a while I felt like a dork pulling out a credit card with the Roundel on it. Like how much more did I have to "put it in someones face" that I have a BMW. Thats not really my style. I like my Amex blue for everything now. __________________ 12 Diavel Carbon Black 10 Audi S4 13 Audi S6(on order) Audi Brand Specialist @ Princeton

10-30-2007, 02:46 PM	#6
e92phreak General Drives: E92 335i TiAg/E46 323i TiAg Join Date: Mar 2007 Location: CA Posts: 21,750 iTrader: (1) Garage List 2007 E92 335i [4.50] 2000 E46 323i [0.00]	You can goto some hot chick at the cash register at the mall, flash out your BMW card, and let her know that you drive a hot car... Maybe she'll go out with you! __________________ 07 E92 335i \| TiAg \| Step \| Padl \| Cmft \| Alum Trm \| PDC \| Nav \| Assist \| Sat \| Lthr \| Prem \| Sprt \| Rear Splr \| RDSport Quads \| iPod \| V1 \| LT Refl \| VS Clear Bra \| OEM Lip \| KWV2 \| Mtec Sides \| BBS LM-R 00 E46 323i \| TiAg \| 5sp \| Sport \| Roof \| RDSport Cams \| RDSport tune \| RDSport Shift \| Volk LE37 \| M3 spoiler \| PSS9 \| SuperSprint \| Brembo

10-30-2007, 06:09 PM	#12
BMCoupe_782 Bavarian Fever Drives: 08' e92 328xi TiAg Join Date: Oct 2007 Location: Queens, NY / North NJ Posts: 1,112 iTrader: (4)	just recieved an e-mail about this as well. from what I can tell...it's not worth it __________________ \| ESS n52 Tune \| BMW Performance Intake/Exhaust \| LUX H8 v3 AE \| GP Thunder 8500K fogs/corners \| LED: signals/interior \| V1 hardwired \| debadge \| AC pedals \| Performance shift knob/boot \| CF e-brake \| Aero lip \| m3 side skirts/spoiler \| MB kidneys \| Strut brace \| Painted reflectors \| Painted Calipers/Hubs \| 35% 3M tint \| Smoked tails \| CF Roundels \| 19" Miro 942 \| Conti DWS \| H&R Springs for xi \| Bilstein Shocks\| Nxt: Alpine Subs/Amps

10-31-2007, 09:07 PM	#14
fotoguy335 Private First Class Drives: 2007 328xi Sparkling Graphite Join Date: Oct 2007 Location: Boston, MA Posts: 102 iTrader: (0)	I am using the card for business purchases which could be up to $25K a month... The way I figgured it, I could use the points to cover the extra miles that I know I am going to have since I love driving the car! For anyone who is using it for personal use you have to spend sooo much in order to make it worthwhile, get a Discover and get 1% CASH back on all purchases. __________________ 2007 335xi \| Premium pkg \|Cold Weather pkg\| Comfort Acc \| Logic 7 w/ iPod & USB\| 1968 MG-B Roadster

10-30-2007, 10:29 AM	#2
Kuma Second Lieutenant Drives: 2006 325i Join Date: Jun 2006 Location: California Posts: 250 iTrader: (0)	None that I can think of, you get points that can go toward mileage/ new car but its pretty miniscule. I got my card when I leased my E90, I never signed for it and to this day I think that the finance guy jsut slipped it in there. I guess this has happened to quite a few people though from looking at the board. I would have never gotten it otherwise, and I have never used it.

10-30-2007, 11:15 AM	#4
PAMidge Saving Lives Since 2000 Drives: 2011 335xi & 2013 X3 28i Join Date: May 2007 Location: Northeast Posts: 1,879 iTrader: (2) Garage List 2011 e90 335xi [3.57] 2013 X3 28i [0.00]	No big benefits. You need to spend $5,000,000 (minimum) to get the $5000 maximum deduction on your next BMW purchase, and your points expire after 7 years. So, unless you make enough money that you don't need the $5000, or you're putting your business expenses on your card, you can kiss that $5000 off your next BMW goodbye.

10-30-2007, 02:08 PM	#5
XS4 slave to the dark side Drives: 2008 335i Sedan Join Date: Jul 2007 Location: FL Posts: 173 iTrader: (3)	forget that then, what a gimmick. thanks for the heads up.

10-30-2007, 02:48 PM	#9
norcalEastbay328i Private First Class Drives: spay grey 328i Join Date: Sep 2007 Location: bay Posts: 138 iTrader: (0)	what do u need to qualify for the bmw card? i need some trade lines and i just leased a e92 u think i can get one?

10-30-2007, 06:58 PM	#13
John 070 Lieutenant General Drives: 335i cpe Join Date: Oct 2006 Location: ZSP/ZPP/ZCW Posts: 10,270 iTrader: (0)	Long story short, absolutely not. Why anyone would even charge 1 cent on it, I can only guess it's because they like to flash the roundel. These cards prey upon those who cannot do math very well. It's like saying you get 1/4% on the first $1500, 1/2% on the 2nd $1500, and 1% after that. You'd be surprised how confused some people get when you ask them how much rebate do you get on a $3397.94 charge?

10-31-2007, 09:09 PM	#15
fotoguy335 Private First Class Drives: 2007 328xi Sparkling Graphite Join Date: Oct 2007 Location: Boston, MA Posts: 102 iTrader: (0)	Oh yeah, and I dont show it to anyone Just call it in to vendors or the like. __________________ 2007 335xi \| Premium pkg \|Cold Weather pkg\| Comfort Acc \| Logic 7 w/ iPod & USB\| 1968 MG-B Roadster

10-31-2007, 10:38 PM	#17
no1sportz Private First Class Drives: 2008 335i Join Date: Feb 2006 Location: VA Posts: 120 iTrader: (0)	I have had one for a few years. I use mine a ton so the points add up pretty quickly. Plus it has a super interest rate if I ever do leave a balance on it. I used to redeem the points for free oil changes/service but lately have just used it for BMW merchandise/cases of oil/filters, etc. I will say that not all the offerings from BMWNA are the same. The recent offerings/perks don't seem to be as good as they used to. __________________ 08 335i Black Sapphire...current 07 335i TiAg...gone 06 330i TiAg...gone 05 ///M3 Imola/Black...gone 04 ///M3 Carbon Black...gone

10-31-2007, 11:22 PM	#18
norcalEastbay328i Private First Class Drives: spay grey 328i Join Date: Sep 2007 Location: bay Posts: 138 iTrader: (0)	anyone know what i need to get the card?

10-31-2007, 11:50 PM	#19
epbrown Colonel Drives: BMW M Coupe, Porsche Boxster S Join Date: May 2007 Location: Chicago, IL Posts: 2,133 iTrader: (0)	Just swing by their website - fs.bmwusa.com, and apply.

11-01-2007, 12:03 AM	#20
BzsBimmer 2-4-6-8 My car and house depreciate Drives: 2008 C300S Join Date: Mar 2006 Location: Mount. Fookyew Posts: 1,625 iTrader: (12)	or just get a new lease. It's automatically given to you when you apply for the car like others have said, the cashback portion of it sucks BUT you'd be surprised that BMW is considered a leader in post sales experience in the financial arm and that MB and other luxury brands are trying to copy BMW with these types of strategies.

11-01-2007, 12:27 AM	#21
BMW2006 Second Lieutenant Drives: 2007 335i Montego Coupe Join Date: Aug 2006 Location: Columbus, ohio Posts: 217 iTrader: (0)	You do not need to spend five million dollars to get the 5k off. The ratio is 10,000 points = 100 dollars off maximum of 5000 = 500,000 points. Standard card is two dollars for one point. Which is 1 million dollars. Which still sounds like alot of money , but you need to consider you can accumulate points over a period of years. You can also upgrade it to the 50 dollar annual fee card which you get even point for dollar which cuts that in half. So the initial math was off by 500%. More if you spend the 50 bucks to upgrade it. Keep in mind with this and all rewards cards, this is money you are spending anyways that you get STUFF for. I don't know where the notion comes from that you just kinda give away all this money to the card company to redeem a small rebate and have nothing to show for it. Anyone with a family of 3 or more can attest how quickly you can spend money just feeding everyone. Many cards have better conversion %'s but the points expire more rapidly. It's not going to be for everyone, but you can benefit from using it. -BMW2006

11-01-2007, 01:01 AM	#22
imolazhp_ci Major Drives: Z4 M Coupe Join Date: Jan 2007 Location: orange county Posts: 1,002 iTrader: (0)	I have it and the only advantage is its the lowest rate visa I've ever had. Still nowhere close to my Amex though.

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