US Bank launches BMW credit cards

BMW aficionados can show brand loyalty and earn accelerated rewards for purchases made with one of four BMW Mastercards from U.S. Bank, including: BMW World Mastercard; BMW Precision World Elite Mastercard; Mini World Mastercard and BMW Motorrad World Mastercard.

The cards are issued by Elan Financial Services, a division of U.S. Bank, and are available for customers at the BMW, Mini and BMW Motorrad card websites or at participating dealerships according to a press release. The cards have contactless payment capabilities that require no swiping or dipping, an EMV chip and magnetic stripe for maximum convenience.

Customers can apply for the cards at a BMW dealership by completing a digital application. Once completed, the credit decision is nearly instantaneous, and if approved, customers can immediately use the credit card that day in the dealership for accessories, service, purchasing an extended warranty or insurance products or to cover fees at the lease end. Cardholders can also redeem rewards for discounts on gas,

“BMW, MINI and BMW Motorrad are iconic brands that epitomize performance and quality and a rewarding experience for owners,” Steve Mattics, executive vice president of retail payment solutions at U.S. Bank said in the release. “These new credit cards were designed to provide world class experiences for cardholders; starting with the streamlined digital application, continuing through to the accelerated rewards on gas and restaurant spend, as well as purchases at the dealership, and complemented by contactless payment capabilities. We are confident these will quickly become go-to cards for owners.”