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BMW Credit Card Experiences
BMW Credit Card Experiences

BMW Credit Card Experiences

BMW Credit Card Experiences

The combination of liquidity and benefits at BMW and other vendors can bring many benefits. Although the BMW credit card is issued by the DKB Bank and MasterCard, BMW offers other advantages for users – even if you do not drive any of the vehicles yourself. Not for nothing is BMW itself for a lot of momentum in life and this should not be thwarted by the lack of finances.

Whether the BMW credit card is worthwhile in comparison of costs and benefits? Our BMW credit card test will show it.

Table of Contents [Hide]

1. BMW credit card experience: The pros and cons in the overview
2. The conditions: 10 points in the overview
3. The use of the BMW credit card in everyday life or while traveling: an example
4. Our experiences – the detailed test
Offer: These two variants are available
Conditions: The annual costs
Additional fees: This is expected
Limits: Charging possible and desired
Additional offers: highlights next to the liquidity
Security: This is safe
5. Awards of the BMW credit card
6. The five most important FAQ summarized
Are there any renewal fees for the BMW credit card?
Which debit interest accrue at a partial payment?
Are there different designs for the credit card?
Which fees are available abroad?
What fees have to be paid when withdrawing cash?

 

1. BMW credit card experience: The pros and cons in the overview

Two different variants are available
Car insurance is integrated with the credit card
Designs are available
DriveNow registration is free
Maximum credit card liability at 50 euros
Chargebacks are not offered
Partly high costs for cash withdrawals
Our BMW credit card experience has proven that the card basically has many benefits that are not covered by a classic credit card. Especially for users who attach great importance to benefit packages that include the credit card insurance and other packages, the highlights of the BMW credit card can be helpful. However, it is worth taking a look at the fees and considering whether the cost of your own use is in proportion to the benefits offered by the credit card.

The partial payment is one of the highlights of the BMW credit card, which is not offered on all credit cards. Anyone who generally pays much with the credit card and would like to repay these amounts partly on installments, can benefit here.

2. The conditions: 10 points in the overview

Credit card offer: BMW Credit Card Classic and Premium
Annual fees: Depending on the selected card variant
Foreign service charges: 1.75 percent
Fees for cash withdrawals: 3 percent or at least 5 euros for internal vending machines, 2 percent or at least 5 euros for external vending machines
Credit interest: no
Credit card extras: partial payment
Availability: Individual
Debit interest: 9.38 percent
Security: SecureCode, Chip & PIN technology
Bonuses and bonuses: BMW Advantage World

3. The use of the BMW credit card in everyday life or while traveling: an example

The use of the BMW credit card in everyday life can be helpful, but also brings its pitfalls with it. For example, if you need fast cash and can not or do not want to use a debit card, you can also withdraw money from the machines in Germany. Whoever bothers and looks for an ATM, where you can usually withdraw money for free with the DKB-Bank debit card, comes to the rude awakening: 3 percent of the amount is due as fees. The minimum fee is 5 euros. If you use an external machine, it is only 2 percent but this is still a very high amount. There are no fees abroad.

Even shopping on the Internet with the BMW credit card can prove to be an advantage. Because it is a MasterCard, users automatically participate in the cashback process. This means you get cash back when shopping at one of our partner stores.

4. Our experiences – the detailed test

Our BMW credit card test goes into detail on the individual points that may be of interest to users. When looking for a good credit card, not only the fees are important, but also the additional options and the acceptance points.

Offer: These two variants are available
The BMW credit card is issued by DKB Bank and is a MasterCard. Again and again there are offers that speak of an American Express. These are mainly credit cards in the BMW design. If you want to profit from the advantages of the BMW world, you should choose the MasterCard model. There are two different variants of this offer: the BMW Credit Card Classic and the BMW Credit Card Premium.

The differences between the two variants are mainly in the inclusive services that are offered. If you opt for the Classic version, you benefit from an integrated motor insurance certificate, a free registration with DriveNow and the choice between two different designs. The premium solution also includes these points. However, there are four different designs as well as other extras, such as traffic protection, travel assistance and a free emergency replacement card.

The focus of the BMW credit card is definitely on the motor vehicle sector. That is, the benefits offered here are largely related to mobility.

The BMW credit card is a MasterCard, available in two different versions. With the Classic version, the inclusive services are kept manageable. The premium solution brings significantly more extras.
Conditions: The annual costs
The amount of annual costs depends on several aspects. First and foremost, it depends on which variant the customer chooses. The classic BMW credit card costs 3.95 euros per month. The premium credit card will cost 8.95 euros per month. The costs are already incurred in the first year, so there is no free year.

You can still increase if the customer decides to book additional benefit packages as well. The packages bring additional costs with them, which must be scheduled and billed per month.

With an average annual contribution between 47 and 99 euros, the BMW credit card, however, moves in solid midfield.

The benefits of the BMW credit card can only be claimed if you are prepared to pay the annual fees. These depend on the respective variant of the credit card.
Additional fees: This is expected
In addition to the annual cost of the credit card, there are also additional costs, but only incurred when using the card. For example, credit cards are used very often when traveling abroad. The MasterCard is accepted in more than 210 countries and has many opportunities to travel. However, the costs are not to be underestimated. For cash corrections, fees of 3% or at least 5 € are usually incurred abroad. For countries outside the EEA, an external fee of 1.75 percent is added. If you use the card in countries with foreign currencies, you also pay a foreign currency fee for direct credit card payments. This also has a height of 1.75 percent.

You may incur additional fees if you use the credit card to withdraw cash in Germany. Although the DKB Bank has many machines where money can be withdrawn. However, if you resort to the BMW credit card, it can be expensive. So fall at least 5 euros or 3 percent fee. For example, if you fix 200 euros, you pay fees of 6 euros.

Very attractive is the possibility of partial payment. If you do not want to, you do not have to repay your used amount at once. However, debit interest accrues in the partial payment. At 9.38 percent, these are manageable and cheaper than some discretionary loans, but more expensive than a installment loan. Therefore, the installment should only be used in emergencies.

If the BMW credit card is used for payment abroad outside the EEA countries, fees will be charged. A foreign currency fee is due. Also, the withdrawal of cash wants to be well considered, because there are also costs.
Limits: Charging possible and desired
The limit on the BMW credit card is always dependent on the user’s income. Therefore, there is no set information that can be made on this point. However, the fact that the BMW credit card can be charged with credit is proving to be very practical. A transfer can thus increase the limit. This is an interesting factor, especially for traveling. In addition to the possibility for an increased limit, no liabilities are incurred.

Being able to charge credit card credit can increase the frame. The limits themselves are set individually upon application by the BMW credit card and are dependent on income.
Additional offers: highlights next to the liquidity
The BMW credit card is not only labeled with the design of the company, but also brings many benefits in terms of mobility with it. Of these, some services are already integrated. We briefly mentioned that there is a free registration at DriveNow. If you do not have a vehicle yourself or want to be mobile anytime and anywhere, you can register for DriveNow and access the vehicles throughout Germany. The registration is completely free for credit card holders.

The motor vehicle protection letter is also part of the BMW credit card. This not only applies to a BMW, but also to all other vehicles, which makes it very attractive. This letter of protection makes it possible to get help free of charge in the event of an accident or breakdown. This help, for example, refers to the onward and return journey or rental car. We were particularly impressed by the fact that this is a letter of protection that applies to all vehicles in the household of the credit card holder.

Since this is a BMW credit card, there are of course also price advantages in the BMW area. These relate, for example, to the BMW Driving Experience and BMW Rent. The Driving Experience can save up to 10 percent. With the possibility of lending a vehicle of the brand, at least 20 percent can be saved.

Another free service is participation in the cashback program. When users pay by credit card, some providers return money. Meanwhile, the system has at least 300 online shops, where you can get refunded up to 25 percent of the amount paid. It is worth to take a look at the various offers that change over and over again.

If you want, you can also book other packages for the BMW credit card, which, however, comes with costs. Our BMW credit card test has shown that some of the packages can be quite worthwhile. For example, if you travel a lot, you can use the travel package. It costs 4.30 Euro per month and includes a travel cancellation insurance as well as an insurance for the trip interruption and an accident insurance on journeys.

Buy users like on the Internet, a shopping package pays off. With just 1.95 euros per month, there is a warranty extension and a purchase insurance. In addition, a return of goods and a price guarantee are offered.

In general, the internet is an important factor when using the credit card. Many customers use the credit card for payment on the Internet. The internet package can help here. Also with this package would be incurred 1.95 euro per month. About the package there is an identity protection as well as an initial telephone consultation, when it comes to problems around the Internet right.

The offer is rounded off by the mobility package. Something can always happen on the way. If it comes to a transport accident, then the insurance attacks. Even with the loss of the car key, there is an insurance. The car rental insurance is interesting for anyone who often borrow a vehicle – especially on vacation.

The credit card itself includes some services that are integrated right from the start. However, customers also have the option to select additional packages that are suitable for their own lives and provide security.
Security: This is safe
The use of the credit card is still associated with the fear of fraud for many customers. Often there are reports that the credit card data is misused. That’s why the BMW credit card is designed with a high degree of security. With our BMW credit card test, we were able to determine that security already begins with the information about card blocking. Thus, on the website, there is a phone number that can be used by customers in case of loss or theft of the card. The phone number is always available:

0049 30 120 300 36

Once the credit card has been blocked, it can not be unlocked. It is necessary to wait for a new credit card. This replacement card will be sent quickly after being blocked. What we found a bit awkward in our review is the fact that users need to lock their DriveNow account again separately.

If you want to pay with your BMW credit card, you benefit from a high level of security based on the latest technologies. The focus is primarily on the chip & PIN technology. Retailers who are equipped with the new payment devices therefore require a PIN when paying by credit card. The procedure is much safer than paying via signature.

Another extremely positive factor is SecureCode. This dynamic password is often requested online and delivered via the personal mobile phone. Only when the code is entered, then is the payment. Of course, the BMW credit card also works with the card verification number.

In order for customers to benefit from a high degree of security when paying with the BMW credit card, MasterCard works with several proven technologies, such as the SecureCode and the PIN procedure.

5. Awards of the BMW credit card

Although online credit cards are compared and tested over and over again, the BMW credit card has not yet been included and so there are still no awards. In our credit card review, however, we have carefully examined the offer and can especially refer to the high performance, which brings numerous benefits and should be interesting primarily for users who are looking for a credit card with matching in the mobility Extras are.

6. The five most important FAQ summarized

Are there any renewal fees for the BMW credit card?
Yes, there are annual fees and we could not find an offer that waived the fees or the first year may be free. The amount of the fees is dependent on the selected card model.

Which debit interest accrue at a partial payment?
The partial payment can help to keep an eye on your own liquidity. However, if you use this option, you also have to expect the payment of debit interest. These are at 9.38 percent p.a. Interest will only be charged if the amount used is not paid in one installment after a period of four weeks.

Are there different designs for the credit card?
Yes, there are two different designs available for the Classic version and even four different designs for the Premium Card.

Which fees are available abroad?
Payment by credit card abroad is subject to a fee if it is a foreign currency country. In this case, 1.75 percent of the amount you pay by credit card will be charged.

What fees have to be paid when withdrawing cash?
The removal of cash at home and abroad always entails fees of at least 5 euros or 3 percent. Who fixes cash in a country outside the euro zone, pays an additional 1.75 percent fee.

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