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BMW Precision World Elite Mastercard® review

Last updated:  

A solid rewards card for BMW enthusiasts

  • Get this card if you spend a significant amount at BMW and on fuel purchases.
  • Pick something else if you want a gas rewards card with more redemption options.
  • Apply with a good credit score of 670 or higher.

7,500

Points as welcome offer

Up to 5x

Points

$99

Annual fee

15.24% to 24.24%

Purchase APR (variable)

Details

Product NameBMW Precision World Elite Mastercard®
Annual fee$99
Purchase APR15.24% to 24.24% variable
Balance transfer APR15.24% to 24.24% variable
Balance transfer fee$5 or 3% of the transaction, whichever is greater
Cash advance rate24.99% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 24 days
Late payment feeUp to $40
Returned payment feeUp to $35
Rates & feesrates & fees

Expert review

Steven Dashiell

Review by


Steven Dashiell is a credit cards writer at Finder. He's worked on 250 Finder articles and counting, helping readers embrace and maximize credit cards. Backed by nearly a decade of research and reporting experience, Steve's work can be seen on Debt.com, CreditCards.com and Lifehacker.

Expert review

The BMW line of cards recently underwent an issuer change, moving from BMW to U.S. Bank. With the change, these cards received several additions to their rewards structure, elevating them from the narrow niche they previously occupied .

The BMW Precision World Elite Mastercard® is the higher-end offering of the two, coming in with a $99 annual fee. It offers 5x points on BMW purchases, 3x points at eligible gas stations, 2x points at eligible restaurants and 1.5x points on all other purchases. You’ll also enjoy a 7,500 point signup bonus after you spend $1,000 in your first 90 days of account opening and a $70 annual dealership credit.

How to apply for the BMW Precision World Elite Mastercard®.

To apply for the BMW Precision World Elite Mastercard®, you can do the following:

  • Go to the BMW credit card page
  • Click the Apply now button underneath the BMW Precision World Elite Mastercard®.
  • Fill out your personal information, including your income and employment information.
  • Click the box next to I accept the Terms and Conditions and then click Submit.

What credit score do I need?

To qualify for the BMW Precision World Elite Mastercard®, you’ll need a good credit score of 670 or higher.

Compare credit cards

Name Product Welcome offer Rewards Annual fee Filter values
Blue Cash Preferred® Card from American Express
$300 after spending $3,000 in the first 6 months (Offer expires 12/10/2020)
6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases
$0 intro annual fee for the first year ($95 thereafter)
Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees
Blue Cash Everyday® Card from American Express
20% at Amazon.com up to $200 back in the first 6 months, plus $100 after spending $1,000 in the same timeframe
20% at Amazon.com up to $200 back in the first 6 months, 2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at Amazon.com up to $200 back in the first 6 months. Rates & fees
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
$0
Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.
Chase Sapphire Preferred® Card
60,000 points after spending $4,000 in the first 3 months, a value of up to $750 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
Earn a signup bonus worth $750 with this popular travel card. Combine with other Chase Ultimate Rewards cards for even greater value.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.
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Compare up to 4 providers

Bottom line

For such a niche rewards card, the BMW Precision World Elite Mastercard® isn’t a bad choice. If you’re a fan of BMW or want a way to make more back on your BMW purchases, you might consider checking out this card. For everyone else, you’ll likely want a standard rewards card.

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