Advertiser Disclosure

BMW Card: Earn up to 4X in German-Engineered Rewards

BestCards Team

| Last updated on October 27th, 2023

BMW Card

BMW Card
BestCards refers to a variation of FICO Score 9, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Please note that the range shown here is our own estimation and not a guarantee of credit needed to be approved for any given card. Recommended Credit: Excellent / Good
Mastercard Processing Network
None Annual Fee

BMW Card

  • 20.49% to 29.49% variable based on creditworthiness and the Prime Rate Regular Purchase APR
  • 20.49% to 29.49% variable based on creditworthiness and the Prime Rate Balance Transfer APR
  • 29.99% variable based on the Prime Rate Cash Advance APR
  • 0% for 12 months from account opening date Intro Purchase APR

At a Glance

The BMW Card earns cardholders four points for every dollar they spend on qualifying BMW purchases. Additionally, cardholders earn three points for every dollar spent on gas and two points for every dollar spent on dining purchases. All other purchases earn cardholders one point for every dollar they spend. What’s more, this card offers an introductory 0% APR promotion on balance transfers and purchases for 12 months. All these features are available for no annual fee.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • No annual fee
  • Earn 4X points on BMW purchases
  • Earn 3X points on gas purchases, 2X points on dining, and 1X points on everything else
  • Enjoy 0% APR on balance transfers and purchases for 12 months
  • Intro Purchase APR: 0% for 12 months from account opening date
  • Regular Purchase APR: 20.49% to 29.49% variable based on creditworthiness and the Prime Rate
  • Intro Balance Transfer APR: 0% for 12 months for balances transferred within 30 days from account opening date
  • Balance Transfer APR: 20.49% to 29.49% variable based on creditworthiness and the Prime Rate
  • Balance Transfer Transaction Fee: Either $5 or 3% of the amount of each transfer, whichever is greater
  • Cash Advance APR: 29.99% variable based on the Prime Rate
  • Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
  • Foreign Transaction Fee: Up to 3% of the transaction amount in U.S. dollars
  • Late Payment Penalty Fee: Up to $41
  • Return Payment Penalty Fee: Up to $41
  • You own or plan to own a BMW
  • You don’t want to pay an annual fee to use a credit card
  • You want to earn additional points on gas and dining purchases
  • You would like to take advantage of 0% APR on purchases for 12 months
  • You need to transfer a balance and plan to pay it off in 12 months

BMW Card Review

The BMW Card is a co-branded auto and retail credit card with the luxury German automaker Bavarian Motor Works (BMW). Elan Financial Services issues the cards, which operate on the Mastercard® payment network. As a robust auto rewards card, the BMQW Mastercard earns points whenever they make purchases. This card features points tiers by which you earn different amounts of points for different types of purchases, with dining aficionados and daily commuters likely the happiest consumer segments.

Introductory Bonuses

New accounts can earn 5,000 bonus points when they sign up. They must spend $500 in purchases with their new card within the first 90 days after approval.

There are also two 0% intro APR offers that accelerate the value of the BMW credit cards. That intro APR offer is 12 months with no interest on purchases or balance transfers. While rewards cards are not the best for transferring balances, the APR with this card is competitive enough to make it an acceptable decision.

How to Earn Rewards

Earning points with the BMW Card is fairly straightforward. Yes, there are tiers. However, they are pretty easy to remember, with cardholders earning 4X points per $1 spent on BMW purchases, 3X on gas, 2X on dining, and a flat rate of 1X on all other purchases made with the card.

Regarding BMW purchases, you can earn those 4X points when you pay for parts, service, maintenance, or accessories – a great feature.

Limitations of Earning Rewards are Frustrating

Now, things get a little more complicated where merchant categories are concerned. You see, you don’t earn points on the type of item you purchased but rather the place where you purchased the item from.

For example, you will not earn 4X points if you buy a used BMW at CarMax or through a private dealer. You must purchase at a licensed BMW retailer. Similarly, your gas and dining purchases must be at gas stations and restaurants to qualify for extra points. This means you may not earn 3X points when purchasing gas at a supermarket pump. Additionally, buying a meal at a supermarket may not earn you 2X points, either.

There are other limitations to earning points, too. As with most rewards cards, you won’t earn points on balance transfers and cash advances. This card also includes restrictions on earning points for gambling purchases, including lottery tickets. Moreover, Elan Financial may take away points if it believes you are “abusing” your credit card. This may include excessive gas purchases, for instance.

BMW Credit Card Comparison

BMW Mastercard

BMW Motorrad Mastercard

BMW Precision Mastercard
Annual fee $0 $0 $99
Rewards on BMW purchases 4X 4X 5X
Other rewards 3X on gas, 2X on dining, and 1X on everything else 3X on gas, 2X on dining, and 1X on everything else 3X on gas, 2X on dining, and 1X on everything else
Credits N/A N/A $70 dealership credit
0% intro APR 12 months on purchases and balance transfers 12 months on purchases and balance transfers N/A
Other N/A N/A Priority Pass Select
Network World Mastercard World Mastercard World Elite Mastercard

How to Redeem Points

There are no caps on how many points are earned with the BMW Card. However, points expire roughly five years after earning them. They expire at 11 PM at the end of the calendar quarter, five years from the quarter the points were earned.

Cardholders can redeem BMW points for several award options:

BMW dealership purchases BMW dealership parts & service Travel
Merchandise Cash back BMW monthly payments

You can redeem your points for BMW purchases or through the rewards catalog on However, redeeming your points for BMW purchases increases the value of your points by 25%. The BMW site has a tool to calculate how many points you’ll earn when you spend a certain dollar amount and what those points will earn you.

What’s great about redeeming points with the BMW card is that you can use your points for any purchase at a BMW dealership and even online. This includes auto purchases and leases and services, parts, and accessories.

The downside of the BMW card is that applicants can’t find out what’s available in the rewards catalog. You cannot access the catalog until you sign up for the card. This feature is becoming increasingly popular with many rewards cards, but it doesn’t make it any less frustrating.

Mastercard Benefits

As noted, the BMW credit cards are Mastercard products. The basic, no annual fee BMW Mastercard is a World Mastercard product, meaning cardholders enjoy an elevated level of service and protections, including the following:

Zero liability protection Airport concierge ID theft protection Mastercard Travel Services
Mastercard Global Services Priceless Experiences Priceless golf Lyft credits
Shoprunner membership Fandango savings Mastercard Hotel Stay Guarantee

Elan Financial Ratings

How does Elan stack up as a credit card issuer? Here is a selection of ratings for the bank:

Should You Apply for the BMW Card?

Regarding auto rewards cards, the BMW Mastercard® may be a slight step above the rest. This may be due in part to the issuer, Elan Financial. Many other auto cards feature another credit card issuer, like Synchrony.

The APR range for this credit card is very reasonable. The lower end of the spectrum competes with some non-rewards cards. However, these lower APRs will only apply to applicants with excellent credit ratings. If you own a BMW, this card can be a great asset. You can earn points almost anywhere and use them to pay for maintenance or repairs.

Browse Other Card Offers:

Editorial Disclosure – The opinions expressed on's reviews, articles, and all other content on or relating to the website are solely those of the content’s author(s). These opinions do not reflect those of any card issuer or financial institution, and editorial content on our site has not been reviewed or approved by these entities unless noted otherwise. Further, lists credit card offers that are frequently updated with information believed to be accurate to the best of our team's knowledge. However, please review the information provided directly by the credit card issuer or related financial institution for full details.

Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.