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IMPORTANT INFORMATION
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Interest Rates and Interest Charges
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ANNUAL PERCENTAGE RATE
(APR) for purchases
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introductory APR for six months.
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After that, your APR will be to , based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.
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APR for Balance Transfers
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10.24% to 21.24%, depending on your creditworthiness.
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This APR will vary with the market based on the Prime Rate.
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APR for Cash Advances
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23.24%
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This APR will vary with the market based on the Prime Rate.
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Penalty APR and When it Applies
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27.24%
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This APR will vary with the market based on the Prime Rate.
This APR may be applied to your account if you
1) Make a late payment; or
2) Make a payment that is returned.
How Long Will the Penalty APR Apply?: If your APRs are increased, the Penalty APR will apply until you make 12 consecutive minimum payments when due.
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How to Avoid Paying Interest on Purchases
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Your due date is at least 22 days after the close of each billing cycle.
We will not charge you interest on purchases if you pay your entire balance by the due date each month.
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Minimum Interest Charge
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If you are charged interest on purchases, the charge will be no less than $0.50.
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For Credit Card Tips from the Federal Reserve Board
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To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
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Fees
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Annual Fee
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None
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Transaction Fees
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Either $5 or 4% of the amount of each Balance Transfer, whichever is greater.
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Either $10 or 3% of the amount of each Cash Advance, whichever is greater.
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- International Transaction
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2% of each transaction in U.S. dollars.
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Penalty Fees
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$25 if Previous Balance is less than $100;
$35 if Previous Balance is more than $100 but less than $1000;
$39 if Previous Balance is $1000 or more.
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$35
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How We Will Calculate Your Balance: We use a method called "daily balance (including new transactions).”
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Loss of Introductory APR: We may end your introductory APR and apply the Penalty APR if you make a late payment.
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The information is accurate as of
10/13/2009.
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IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT
To help the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify, and record information
that identifies each person who opens an account. What this means for you:
When you open an account, we will ask for your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see
your driver’s license or other identifying documents.
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By completing and returning the
MINI Card Application ('“Application'”), you are requesting a credit card.
You certify that the information you provided in your
MINI Card Application
is true, correct and complete. You give us permission to request information
from you and to make whatever inquiries we consider necessary and appropriate
(including requesting a consumer report from consumer reporting agencies) in
considering granting you credit and for the purpose of any updates, renewals,
extensions of credit, reviewing or collecting your account, or for any other
lawful purpose. You understand that the credit card cardholder agreement
(“Agreement”) that you will receive with your credit card provides for the
compounding of finance charges. Please be sure to include your name, address,
telephone number, and Social Security number with your correspondence. You also
agree that there is no agreement between you and us until we approve your
Application
and issue your credit card. Cards are issued and credit is extended by BMW Bank
of North America, Salt Lake City, Utah, and you agree that the Agreement will
be deemed to have been made in Utah if and when BMW Bank of North America
issues your credit card, and you agree to be bound by the terms.
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California: A married applicant may apply for a
separate account. We will not disclose marketing information about you to
marketers of goods if you call us at 1-866-4MY-MINI (866-469-6464).
Delaware: Service charges not in excess of those permitted by law
will be charged on the outstanding balance from month to month.
Maryland: Finance charges will be imposed in amounts or at rates not
in excess of those permitted by law. New York: Upon
request you will be informed whether or not a consumer report was requested
and, if a report was requested, the name and address of the consumer reporting
agency. New York residents may contact the New York State Banking Department to
obtain a comparative listing of credit card rates, fees and grace periods. New
York State Banking Department: 1-800-518-8866. Ohio:
The Ohio laws against discrimination require that all creditors make credit
equally available to all credit worthy customers and that credit reporting
agencies maintain separate credit histories on each individual upon request.
The Ohio Civil Rights Commission administers compliance with this law.
Washington: If your credit references and/or history may be verified
in another name, you should indicate that name above. Wisconsin:
No provision of a marital property agreement, a unilateral statement under
section 766.59 or a court decree under section 766.70 adversely affects the
interest of the creditor unless the creditor, prior to the time the credit is
granted, is furnished a copy of the agreement, statement or decree or has
actual knowledge of the adverse provision when the obligation to the creditor
is incurred. Married Wisconsin Residents: We are
required to ask married residents of Wisconsin applying for an individual
account or a joint account with someone who is not their spouse to give us the
name and address of their spouse, regardless of whether their spouse may use
the card. Please furnish the name and address of your spouse to: BMW Bank of
North America, P.O. Box 9210, Old Bethpage NY 11804.
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©2010 MINI Financial Services, a division of BMW Financial Services NA, LLC. The BMW workmark and BMW logo are registered trademarks owned by BMW AG. MINI credit cards are issues by BMW Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA, LLC.
Visa is a registered trademark of Visa International Association, and is used by BMW Bank of North America pursuant to license from Visa U.S.A Inc.
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