Tag Archives: Elan Financial

BMW Credit Card

BMW Mastercard from Elan

As of February 20, 2020 BMW started offering BMW Card and BMW Precision Card in place of BMW Visa Cards.

Per the General Information Page about the BMW Visa Card “Your old credit card will be de-activated and no longer work after February 20, 2020.”

Both of the new BMW Mastercards offer generous rewards for customers who make frequent purchases at BMW dealerships, gas stations and while dining out.

BMW CARD
  • 4X points
    per $1 spent on eligible BMW purchases
  • 3X points
    per $1 spent on eligible gas station purchases
  • 2X points
    per $1 spent on eligible restaurant purchases
  • 1X point
    on all other eligible purchases
  • Points worth 25% more
    when used at BMW centers
BMW PRECISION CARD
  • 5X points
    per $1 spent on eligible BMW purchases
  • 3X points
    per $1 spent on eligible gas station purchases
  • 2X points
    per $1 spent on eligible restaurant purchases
  • 1.5X points
    on all other eligible purchases
  • Points worth 25% more
    when used at BMW centers
  • $70 credit
    annually at BMW Centers

The BMW Card does not have an annual fee, while the BMW Precision Card has a modest $99 annual fee.

Both cards offer an enrollment bonus:

  • BMW Card – 5,000 points after spending $500 in eligible net purchases within the first 90 days of account opening
  • BMW Precision Card – 7,500 points after spending $1,000 in eligible net purchases within the first 90 days of account opening

The BMW Card offers 0% financing for the first 12 months, while the BMW Precision Card doesn’t have the same interest-free deal.

The BMW Card charges a 3% foreign currency fee, while the BMW Precision Card has no foreign currency fees.

The BMW Card is World Mastercard and the BMW Precision Card is a World Elite Mastercard.

For details and application visit the BMW Mastercard site.