BMW is offering new BMW, Mini and BMW Motorrad-themed credit cards in an affiliation with Mastercard.
The new cards are issued by Elan Financial Services – a division of U.S. Bank – and are now available for new customers at the BMW, Mini and BMW Motorrad special websites created for each card as well as at participating dealerships. Interested applicants can send a text to receive access to a short digital application while in a participating dealership and, if approved, will have immediate access to the credit card to use that day in the dealership.
For BMW and Mini, the new cards replace cards that BMW and Mini had previously issued through BMW Bank of North America [a wholly owned subsidiary of BMW Financial Services NA].
The new BMW credit cardholders now have more ways to earn rewards that can be used at dealerships for parts and service, put toward monthly vehicle payments, or for travel or cash back.
Cardholders will receive up to five times rewards for purchases at BMW, MINI or BMW Motorrad, accelerated rewards on gas and restaurants and $70 annual dealership credit on the BMW Precision World Elite Mastercard.