topic Re: BMW credit card arrived!!!! in Credit Cards

BMW credit card arrived!!!!

ngerasimatos — Mon, 24 Jan 2011 19:29:26 GMT

Got my new BMW credit card in the mail today. Limit is 12.5k

Suffice to say, I am VERY happy.

Re: BMW credit card arrived!!!!

CHARGE — Mon, 24 Jan 2011 19:35:20 GMT

Congrats! You will soon learn that you have to spend INCREDIBLE amounts of money to get anything back from this card. Their website is also a total joke. It looks like it was designed in 1995 and has stayed that way ever since. Other than that, the few times I have called them they are very nice and helpful. Be careful about asking for a CLI though ...They pulled a hard on EQ (for me in FL) even though they said they wouldn't.

Re: BMW credit card arrived!!!!

ibmrad7 — Mon, 24 Jan 2011 19:35:26 GMT

Congrats ngerasimatos

Could you please tell me how long did it take? I got my car financed through BMW on 11th of this month, also applied for CC the same day but I dont know if it was approved or declined. Next day I saw another pull on EX for Credit Card I suppose. Today is the 24th, Is there any number where I can call to check the status? Does BMW sends any sort of paper material when you finance from them?

Thanks

Re: BMW credit card arrived!!!!

ngerasimatos — Mon, 24 Jan 2011 21:26:36 GMT

I am specifically excited due to the large CL. This will help me get other large CLs in the future.

Re: BMW credit card arrived!!!!

ngerasimatos — Mon, 24 Jan 2011 21:31:42 GMT

I was approved for the car loan last weekend. I got a call from BMW Finance the middle of this last week welcoming me to the BMW family (i thought this was funny since I traded in a 2011 BMW 335D for the new 5, but anyway) and at the time he told me I was approved for the credit card if I wanted it, which I accepted. I asked him the limit and he said he couldnt provide that information over the phone but the the card came it would have the limit listed and I could request a higher limit if the limit was too low.

The card arrived and it said the initial approved limit was 12.5k so I called, activated and didnt request anything higher. Didnt want to push my luck.... but maybe I shoudlve.

@ibmrad7 wrote:
Congrats ngerasimatos

Could you please tell me how long did it take? I got my car financed through BMW on 11th of this month, also applied for CC the same day but I dont know if it was approved or declined. Next day I saw another pull on EX for Credit Card I suppose. Today is the 24th, Is there any number where I can call to check the status? Does BMW sends any sort of paper material when you finance from them?

Thanks

Re: BMW credit card arrived!!!!

Cory — Mon, 24 Jan 2011 22:41:49 GMT

I would push if I were you. After all, they can only say no and nothing else. They have already sent you the card.

Cory

Re: BMW credit card arrived!!!!

CHARGE — Tue, 25 Jan 2011 00:29:22 GMT

Don't forget about that hard pull for CLI. They can always pull that AND say no. Bummer if that happens ...

Re: BMW credit card arrived!!!!

Red1Blue — Tue, 25 Jan 2011 00:50:29 GMT

Congractulations ....

Re: BMW credit card arrived!!!!

halos24 — Tue, 25 Jan 2011 01:06:37 GMT

Congrats!! When my husband purchased my 1st BMW a few years back he automatically was also given the Visa. Others are right that the rewards are really not the best, but I will tell you this although my husband did miss a few payments years back they never raised his APR, and this is one card that still has the lowest.

Re: BMW credit card arrived!!!!

CHARGE — Tue, 25 Jan 2011 02:01:31 GMT

I agree about the APR. I don't revolve a balance but if I wanted to this card is 10%. Pretty good for an ongoing rate.

Re: BMW credit card arrived!!!!

ngerasimatos — Tue, 25 Jan 2011 03:08:36 GMT

I PIF every month, but should there ever be a need to roll a balance over a few months and I dont have a card with 0% available, this will come in handy.