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  #1  
Old 02-12-2005, 02:53 PM
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shizat63 shizat63 is offline
takes the long way home..
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Anyone have the BMW credit card?

What's the return on a new bimmer?
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  #2  
Old 02-12-2005, 03:05 PM
MarcZHP MarcZHP is offline
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Quote:
Originally Posted by shizat63
What's the return on a new bimmer?
One...MILLION DOLLARS!

J/K.

http://fs.bmwusa.com/BmwFsPulp/CRCAR...rdBenefits.htm
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  #3  
Old 02-12-2005, 03:16 PM
Alex Baumann Alex Baumann is offline
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http://www.bimmerfest.com/forums/showthread.php?t=27817

http://www.bimmerfest.com/forums/showthread.php?t=16490
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  #4  
Old 02-12-2005, 04:31 PM
ICMY325i ICMY325i is offline
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Why does anyone need a BMW credit card? To make you feel special when you make those purchases and say, "I bought that on my BMW credit card." Is it a status symbol? There are better credit cards out there, unless you are just hurting for a card.
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  #5  
Old 02-12-2005, 07:21 PM
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Terry Kennedy Terry Kennedy is offline
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Quote:
Originally Posted by ICMY325i
Why does anyone need a BMW credit card? To make you feel special when you make those purchases and say, "I bought that on my BMW credit card." Is it a status symbol? There are better credit cards out there, unless you are just hurting for a card.
I have one. I have a very good rate (which apparently is below their best published rate). You have the option to skip a month's payment without penalty (as long as you paid the minimum last month) - handy when I'm traveling. And the only thing that comes with the bill is the bill - no unrelated offers stuffed inside or stupid coupons you have to tear off the envelope if paying by mail.
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  #6  
Old 02-12-2005, 08:32 PM
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BahnBaum BahnBaum is offline
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Up to 5K back on your next BMWFS lease or loan? That sucks. I always assumed you could reduce your purchase price with those points.

Alex
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  #7  
Old 02-12-2005, 09:00 PM
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shizat63 shizat63 is offline
takes the long way home..
Location: NJ
 
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I couldn't care less what the interest rate is. But how much $ could I take off a new bimmer for every $1000 that I put on it? Their site isn't clear. I'm assuming it's 1%
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Old 02-12-2005, 09:01 PM
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BahnBaum BahnBaum is offline
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Quote:
Originally Posted by shizat63
I couldn't care less what the interest rate is. But how much $ could I take off a new bimmer for every $1000 that I put on it? Their site isn't clear. I'm assuming it's 1%
You can't take anything off a bimmer unless you're going to lease or finance it through them.

Alex
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  #9  
Old 02-12-2005, 09:06 PM
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shizat63 shizat63 is offline
takes the long way home..
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Quote:
Originally Posted by BahnBaum
You can't take anything off a bimmer unless you're going to lease or finance it through them.

Alex
That's
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  #10  
Old 02-15-2005, 09:07 AM
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Moderato Moderato is offline
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I looked into that card, but the return isn't good. You need to charge some crazy number like 500K in 5 years or something like that before you can earn the 5K off.
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  #11  
Old 02-15-2005, 05:24 PM
Rowag Rowag is offline
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Quote:
Originally Posted by Moderato
I looked into that card, but the return isn't good. You need to charge some crazy number like 500K in 5 years or something like that before you can earn the 5K off.
I calced it out with the wife a few months ago, and essentially if we charge everything we normally buy to this card and pay it off each month we would pay no interest and receive about $2000 off of a 3-year lease. That's about 3-4 car payments for us, so we're going to go for it.

Wish I had done that 3 years ago and joined BMWCCA -- our current '05 330ci MSRP would have gone from $41k to $37.5... if we had done European Delivery too it would've been around $35-$36k
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  #12  
Old 02-15-2005, 06:02 PM
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Moderato Moderato is offline
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Quote:
Originally Posted by Rowag
I calced it out with the wife a few months ago, and essentially if we charge everything we normally buy to this card and pay it off each month we would pay no interest and receive about $2000 off of a 3-year lease. That's about 3-4 car payments for us, so we're going to go for it.

Wish I had done that 3 years ago and joined BMWCCA -- our current '05 330ci MSRP would have gone from $41k to $37.5... if we had done European Delivery too it would've been around $35-$36k

What exactly are the terms? Maybe you earn more points if it's put toward leasing? I think I looked at the points you earn to pay for repairs because I don't lease cars, so for that it wasn't worth it at all. Anyway, I also have a Subaru Outback also and I have a Subaru card for that, it's a really good deal. You earn 3% on ALL purchases and can save up to $500 per year that you can put towards repairs, parts or a car purchase. After I get the $500 then I use my other car for the rest of the year which gives me about a $300 cash rebate. Not bad, they pay me $800 bucks a year just for using the cards, I always pay the balance so I don't pay interest.
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  #13  
Old 02-15-2005, 08:04 PM
Rowag Rowag is offline
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Quote:
Originally Posted by Moderato
What exactly are the terms? Maybe you earn more points if it's put toward leasing? I think I looked at the points you earn to pay for repairs because I don't lease cars, so for that it wasn't worth it at all. Anyway, I also have a Subaru Outback also and I have a Subaru card for that, it's a really good deal. You earn 3% on ALL purchases and can save up to $500 per year that you can put towards repairs, parts or a car purchase. After I get the $500 then I use my other car for the rest of the year which gives me about a $300 cash rebate. Not bad, they pay me $800 bucks a year just for using the cards, I always pay the balance so I don't pay interest.
I'll have to dig up the PDF file I had that listed the perks. It was something like for X points you get $1000 applied to your BMW FS balance, for Y points you get $500 applied to repairs, etc. It definitely had points that could be applied to service, though.
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  #14  
Old 02-16-2005, 01:16 PM
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WAM WAM is offline
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I have one and it has worked great for me. We use it as our primary card and pretty much charge everything on it. I pay it off every month so the interest rates, whatever they are, are not an issue.

I belong to the old rewards scheme where I pay $50 every year. In return I get 1 point for every $ spent, 2 on gasoline purchases. For every 10,000 points, you can get a $100 dividend check, payable to the BMW dealer of your choice. You can use the checks for anything, parts, service, vehicle purchases, etc.

The new rewards system is free but you get 1 point for every $2 spent and I believe the dividend checks cost more points too.
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  #15  
Old 02-16-2005, 03:45 PM
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JonathanIT JonathanIT is offline
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Quote:
Originally Posted by WAM
I belong to the old rewards scheme where I pay $50 every year. In return I get 1 point for every $ spent, 2 on gasoline purchases. For every 10,000 points, you can get a $100 dividend check, payable to the BMW dealer of your choice. You can use the checks for anything, parts, service, vehicle purchases, etc.

The new rewards system is free but you get 1 point for every $2 spent and I believe the dividend checks cost more points too.
OMG, that sounds like a horrible deal! For spending $20K on the card all you get is a measley $100 to spend at a dealer? That's like a 0.5% return!

--J.
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  #16  
Old 02-16-2005, 09:29 PM
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Moderato Moderato is offline
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Quote:
Originally Posted by WAM
I have one and it has worked great for me. We use it as our primary card and pretty much charge everything on it. I pay it off every month so the interest rates, whatever they are, are not an issue.

I belong to the old rewards scheme where I pay $50 every year. In return I get 1 point for every $ spent, 2 on gasoline purchases. For every 10,000 points, you can get a $100 dividend check, payable to the BMW dealer of your choice. You can use the checks for anything, parts, service, vehicle purchases, etc.

The new rewards system is free but you get 1 point for every $2 spent and I believe the dividend checks cost more points too.

There are much better rebate cards out there.
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  #17  
Old 02-17-2005, 12:26 AM
Wallenrod Wallenrod is offline
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No point to it other than having a card with BMW logo. Citi Dividend pays 5% back on gas and groceries (which is most of purchases anyway plus their grocery definition is very broad) and 1% on anything else. Had it for over 2 years now.
Couldn't care less about the rate. Don't even know what it is. Borrowing money with a credit card sounds like a bad idea unless you do these 0 or 1% deals for 6 months or so to get cheap cash and roll it over to some other card by the end of the term.
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