"Purchased New BMW-Got The Card"
BMW Visa® Card Review
Written by: flirishpm on 2009-11-03
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
flirishpm's review: 
I purchased a new 328i coupe this past weekend and while filling out the paperwork, the finance manager told me that due to my great FICO scores, I was automatically approved for the BMW Platinum Visa card. My scores range from 720 to 753 and no lates or anything derogatory in my files.
I received a $7,800 credit line with 8.9% apr and no annual fee. Should have the card in 7-10 business days.
This is a better card than my Citi AAdvantage American Express card so I'll be throwing that one in the sock drawer for a few months.
The irony in all of this is that Citi turned my 'credit line increase' request over 3 months ago... All I wanted was a lousy $500 increase because I've been at a $5,810 credit line for over 7 years. I've never, ever been late and never over the limit. I typically pay in full each month so this must be retribution for not paying all of those interest charges and fees that Citi is known for.
I purchased a new 328i coupe this past weekend and while filling out the paperwork, the finance manager told me that due to my great FICO scores, I was automatically approved for the BMW Platinum Visa card. My scores range from 720 to 753 and no lates or anything derogatory in my files. I received a $7,800 credit line with 8.9% apr and no annual fee. Should have the card in 7-10 business days.
This is a better card than my Citi AAdvantage American Express card so I'll be throwing that one in the sock drawer for a few months.
The irony in all of this is that Citi turned my 'credit line increase' request over 3 months ago... All I wanted was a lousy $500 increase because I've been at a $5,810 credit line for over 7 years. I've never, ever been late and never over the limit. I typically pay in full each month so this must be retribution for not paying all of those interest charges and fees that Citi is known for.
4 Comments
Comment 1 by hjm331
Re: Purchased New BMW-Got The Card 
on 2009-11-03
Congrats on both the new BMW and card! Hope you enjoy both. Did you test drive any other cars before signing on the dotted line?
on 2009-11-03 Congrats on both the new BMW and card! Hope you enjoy both. Did you test drive any other cars before signing on the dotted line?
Comment 2 by meya
Re: Purchased New BMW-Got The Card on 2009-11-04
Wow, congrats on the new car and the card. Keep us updated with your overall usage of the card.
on 2009-11-04 Wow, congrats on the new car and the card. Keep us updated with your overall usage of the card.
Comment 3 by flirishpm
Re: Purchased New BMW-Got The Card on 2009-11-04
Hjm331... I test drove the new Chevy Camaro (rides like a truck and shockingly cheap interior) Lexus ES300 (too expensive for what you get and the sales person was a snob) and Mercedes Benz SLK 300 (no room for golf clubs with top down).
For what it's worth, I don't think there's any auto manufacturer out there right now that can compete with BMW's warranty and that's really what I looked at long and hard. Bottom line is that if you're going to be paying for a vehicle, get the best warranty you can for the money.
I'll keep everyone posted on the CC usage over the next few months.
on 2009-11-04 Hjm331... I test drove the new Chevy Camaro (rides like a truck and shockingly cheap interior) Lexus ES300 (too expensive for what you get and the sales person was a snob) and Mercedes Benz SLK 300 (no room for golf clubs with top down). For what it's worth, I don't think there's any auto manufacturer out there right now that can compete with BMW's warranty and that's really what I looked at long and hard. Bottom line is that if you're going to be paying for a vehicle, get the best warranty you can for the money.
I'll keep everyone posted on the CC usage over the next few months.
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.
Disclaimer: This content is not provided by BMW Bank of North America. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by BMW Bank of North America. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by BMW Bank of North America. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by BMW Bank of North America. Review content is powered by Finance Globe.
