[NitroLX]

Hello all. So I recently just got myself a new BMW. First one!

They signed me up for the BMW CC. I was just wondering, does anyone use this card?

The reason i ask is, well, I get a point for every dollar spent, and I can use the points to get up to 10k off my next BMW. It seems like its worth it to me.

Am I wrong? Does anyone actually use it?

[KingOfJericho]

What else can you use the points for? Also, one point per dollar spent is below market these days.

[NitroLX]

Originally Posted by KingOfJericho

What else can you use the points for? Also, one point per dollar spent is below market these days.

idk but my chase sapphire is 1% on all purchase 2% on gas... so it seems better then that.. and that was the card i was using lol..

i dont know what else you can use it on.. but i mean im getting myself into another BMW so seeing 10k off the price sounds pretty good to me.

[BEM-S4]

Originally Posted by NitroLX

idk but my chase sapphire is 1% on all purchase 2% on gas... so it seems better then that.. and that was the card i was using lol..

i dont know what else you can use it on.. but i mean im getting myself into another BMW so seeing 10k off the price sounds pretty good to me.

What's the conversion rate on points to discount?

[David70]

Seems ok but not great and I think there are better cards out there.

[NitroLX]

ANNUAL FEE
$0
POINT EARNING ON PURCHASES
1 point per $1
POINT EARNING ON GASOLINE
1 point per $1
POINT EARNING AT BMW CENTERS*
3 points per $1
TRAVEL REWARDS
No


Im not 100% sure but it seems like also its 1 point = 1 dollar for a new bmw lease or purchase.

[WingZeroX5]

The BMW card sucks pretty bad, IMO. Unless you're planning to spend thousands on repairs at the dealership all the time, the rewards are sub par at best. I thought about getting it before, but my cards > BMW card

[NitroLX]

Originally Posted by WingZeroX5

The BMW card sucks pretty bad, IMO. Unless you're planning to spend thousands on repairs at the dealership all the time, the rewards are sub par at best. I thought about getting it before, but my cards > BMW card

Well im deff getting another bmw after seeing as my 328 is nice.. but i want a 335/40 so i thought it is worth it.. am i wrong?

[WingZeroX5]

Originally Posted by NitroLX

Well im deff getting another bmw after seeing as my 328 is nice.. but i want a 335/40 so i thought it is worth it.. am i wrong?

It really depends. If you use it to pay your lease, then I guess it makes it more worthwhile. But that's about what, 500 in points? Plus, I'm not sure if you can use it to pay your lease anyway, from my experience, I had to use a bank account. Someone chime in on this.

But the perks of the card is pretty marginal, other cards out there if you qualify for it gives much better rewards.

[NitroLX]

Originally Posted by WingZeroX5

It really depends. If you use it to pay your lease, then I guess it makes it more worthwhile. But that's about what, 500 in points? Plus, I'm not sure if you can use it to pay your lease anyway, from my experience, I had to use a bank account. Someone chime in on this.

But the perks of the card is pretty marginal, other cards out there if you qualify for it gives much better rewards.

Not to pay the lease.. but at the eond of my lease im going to be buying.. so with my points (i know ill have over 10k points) i can save some money no the car.. why not?

[Kenton210]

So to get to $10K, you have to spend $1M correct? I don't think I'd be even halfway there in 3 years!!!

[capo180]

The points are probably worth $0.01 each. So those 10,000 points will net $100 off a BMW. Would rather use pretty much any card in my pocket..

[dkmesa]

Originally Posted by NitroLX

Well im deff getting another bmw after seeing as my 328 is nice.. but i want a 335/40 so i thought it is worth it.. am i wrong?

Probably. With the money you would spend on the BMW card to get a discount off your next BMW, you could probably spend the same amount on a good cash back card and receive more cashback than the discount you'd be getting off the car.

The way I look at rewards cards, the redemption value better be damn good if I'm limited to spending my rewards on one thing or category, for example, only BMW vehicles, or only Delta flights, or only hotel stays, etc. Do not confuse redemption value with earning points. 1 point per dollar spent is not redemption value. $1 off the purchase of a BMW per point earned would be an example of redemption value.

[NitroLX]

I guess the better question is.. what is the conversion rate.

we all know 1 dollar spent is 1 point.. how many points equal a dollar is the question at hand before we call make a proper call if its worth it..

[David70]

Originally Posted by NitroLX

ANNUAL FEE
$0
POINT EARNING ON PURCHASES
1 point per $1
POINT EARNING ON GASOLINE
1 point per $1
POINT EARNING AT BMW CENTERS*
3 points per $1
TRAVEL REWARDS
No


Im not 100% sure but it seems like also its 1 point = 1 dollar for a new bmw lease or purchase.

It says above that you get 1 point for each dollar you spend so no chance you spend $1000 on the credit card and get $1000 off of a BMW.

Originally Posted by capo180

The points are probably worth $0.01 each. So those 10,000 points will net $100 off a BMW. Would rather use pretty much any card in my pocket..

I think this is correct and your original card that gave you 1% cash back and 2% on gas was better than the BMW card that gives you 1% on everything that you will get somewhere in the future only when you buy or lease a BMW.

Unless as other said you are spending lot of money at BMW centers (assuming parts and repair).

[bmw-again]

Cannot use cc to pay lease tried it to get points on my visa.

[Torgus]

Doesn't seem that great...I like my chase reserve. 3x points!

[NitroLX]

ok well.. seeing as how others feel.. i guess i got to really see the point conversion