topic Re: BMW Visa - SLOW in Credit Card Applications

BMW Visa - SLOW

Creditaddict — Sat, 27 Jun 2015 17:07:33 GMT

I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry

Alert Date:

6/27/2015 5:48:50 AM

Company:

BMW BANK OF NORTH AMERICA

Company Phone:

(614) 718-6900

Company Address:

5550 BRITTON PKWY

HILLIARD, OH 430267456

Alert Reported by:

Experian

Re: BMW Visa - SLOW

IaBoy62 — Sat, 27 Jun 2015 19:53:43 GMT

Wow! You can lease the car in an hour or three!

Re: BMW Visa - SLOW

FinStar — Sat, 27 Jun 2015 22:50:29 GMT

Yup, IIRC they are pretty slow.

Re: BMW Visa - SLOW

waynes1982 — Mon, 29 Jun 2015 01:22:26 GMT

@Creditaddict wrote:
I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry
Alert Date:
6/27/2015 5:48:50 AM

Company:
BMW BANK OF NORTH AMERICA
Company Phone:
(614) 718-6900
Company Address:
5550 BRITTON PKWY
HILLIARD, OH 430267456

Alert Reported by:
Experian

It took them over a month when I did mine last November when I bought my 2015 X5. They approved me for 1k, when all my other limits are in the 10-25K rage as well. I tried for an increase and they said I need to use the card more for them to increase it.

Re: BMW Visa - SLOW

CreditCuriosity — Mon, 29 Jun 2015 03:47:08 GMT

@waynes1982 wrote:
@Creditaddict wrote:
I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry
Alert Date:
6/27/2015 5:48:50 AM

Company:
BMW BANK OF NORTH AMERICA
Company Phone:
(614) 718-6900
Company Address:
5550 BRITTON PKWY
HILLIARD, OH 430267456

Alert Reported by:
Experian
It took them over a month when I did mine last November when I bought my 2015 X5. They approved me for 1k, when all my other limits are in the 10-25K rage as well. I tried for an increase and they said I need to use the card more for them to increase it.

Wow that is a conservative CL, especially with the car you just bought and your other CC limits

Re: BMW Visa - SLOW

B335is — Mon, 29 Jun 2015 05:46:40 GMT

Yeah BMW credit card does everything at a snails pace. I didn't even bother when I leased my last one.

Re: BMW Visa - SLOW

Anonymous — Mon, 29 Jun 2015 05:56:13 GMT

I seen this and was very tempted. Decided to wait until I get my next Bimmer before I app. That is slow. I figured when I go for another car/loan, I would app then.

Re: BMW Visa - SLOW

Anonymous — Mon, 29 Jun 2015 05:57:58 GMT

@waynes1982 wrote:
@Creditaddict wrote:
I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry
Alert Date:
6/27/2015 5:48:50 AM

Company:
BMW BANK OF NORTH AMERICA
Company Phone:
(614) 718-6900
Company Address:
5550 BRITTON PKWY
HILLIARD, OH 430267456

Alert Reported by:
Experian
It took them over a month when I did mine last November when I bought my 2015 X5. They approved me for 1k, when all my other limits are in the 10-25K rage as well. I tried for an increase and they said I need to use the card more for them to increase it.

Doesn't seem worth the hp. What are you going to do with 1k? Thanks for the heads up!

Re: BMW Visa - SLOW

youngandcreditwrthy — Mon, 29 Jun 2015 06:39:20 GMT

I wanted this card but most reviews for it are horrible... I'd prob get $1k too 😂

Re: BMW Visa - SLOW

Anonymous — Mon, 29 Jun 2015 07:21:15 GMT

BMW is slow at everything. I've had my car since late February and they still haven't reported to anyone. I made 3 payments on it and just refinanaced it and never got so much as a single report to help my score out with another TL

Re: BMW Visa - SLOW

waynes1982 — Mon, 29 Jun 2015 10:32:21 GMT

@CreditCuriousity wrote:

@waynes1982 wrote:
@Creditaddict wrote:
I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry
Alert Date:
6/27/2015 5:48:50 AM

Company:
BMW BANK OF NORTH AMERICA
Company Phone:
(614) 718-6900
Company Address:
5550 BRITTON PKWY
HILLIARD, OH 430267456

Alert Reported by:
Experian
It took them over a month when I did mine last November when I bought my 2015 X5. They approved me for 1k, when all my other limits are in the 10-25K rage as well. I tried for an increase and they said I need to use the card more for them to increase it.
Wow that is a conservative CL, especially with the car you just bought and your other CC limits

70K+ car and got that stingy limit, and on top of it they needed DL, SSN Card, and Utility Bill before the even opened the card!!!! I even had my dealer call and ask why since I was pre-approved during the purchase process....so go figure!

Re: BMW Visa - SLOW

Creditaddict — Mon, 29 Jun 2015 16:57:13 GMT

Just called and was told still pending!

Re: BMW Visa - SLOW

FinStar — Mon, 29 Jun 2015 19:09:34 GMT

@Creditaddict wrote:
Just called and was told still pending!

So, if approved for ...let's say $1K, would you still take it? I'm guessing, yes?

Re: BMW Visa - SLOW

Creditaddict — Mon, 29 Jun 2015 19:23:53 GMT

Duh!

Re: BMW Visa - SLOW

FinStar — Mon, 29 Jun 2015 20:21:15 GMT

Well, I wasn't sure if that would be a CL below your "expected" threshold given your other high CL arsenals except for retail CCs. I mean Zappos Visa was recently approved for $5K and not sure if the BMW Visa (if approved with $1K) would be suitable for you. But, in this case I suppose and approval IS an approval. Keep us posted!

Re: BMW Visa - SLOW

reg45man — Mon, 10 Aug 2015 12:59:23 GMT

Yes tehre are. I applied early in July 2015. Called and was told that I was approved . However, they could not tell me the limited. I had to call weekly to check. It appears that BMW has a couple different systems to look in to evem find your application. Theyshould at least have the option of finding something by your SS#. Just like many other compaines. So, for now I wait until the welcome package arrives.

Re: BMW Visa - SLOW

Anonymous — Mon, 10 Aug 2015 13:02:44 GMT

@IaBoy62 wrote:
Wow! You can lease the car in an hour or three!

True, but when an applicants credit file requires a ream of paper it takes a bit of time...... lol

Re: BMW Visa - SLOW

Anonymous — Mon, 10 Aug 2015 14:21:49 GMT

@Creditaddict wrote:
I submitted an app for the credit card OVER a week ago (like 10 days!) when there was this small chance I was going to lease one for my partner... JUST NOW! They always this slow!?

Credit Inquiry
Alert Date:
6/27/2015 5:48:50 AM

Company:
BMW BANK OF NORTH AMERICA
Company Phone:
(614) 718-6900
Company Address:
5550 BRITTON PKWY
HILLIARD, OH 430267456

Alert Reported by:
Experian

This is the first time I heard anything about a BMW visa..... I am currently leasing a 5 series BMW that will be up July 2016...... maybe I'll apply when getting my new lease n see what happen........ Good Luck CA!

Re: BMW Visa - SLOW

Creditaddict — Mon, 10 Aug 2015 14:22:54 GMT

oh it was declined! sorry I think I posted on a new thread when it happened a while back.

Re: BMW Visa - SLOW

juniornj23 — Tue, 11 Aug 2015 03:34:14 GMT

I never understood why people lease instead of buying I just got a x5 financial by bmw even though I have approved from penfed at 2.99