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BMW American Express Gold Card $0 Annual Fee 1FF Point Per $1 + 10K Bonus Points

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BMW American Express Gold Card $0 Annual Fee 1FF Point Per $1 + 10K Bonus Points
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Obs on 13/12/2010 - 10:42 bmw.com.au (6668 clicks)
Last edited 13/12/2010 - 10:43

Thanks to Coolsteps for posting this in the Qantas AMEX deal. Thought it deserves its own post because this is actually a better deal. It's a Gold Card, however you need to spend $500 within first 2 months to receive the 10K bonus points. I will be applying for both cards :). Thanks all for sharing.

BMW and American Express

BMW knows you expect quality benefits as a valued customer. That’s why we team up with partners such as American Express. Together, we offer you a rewarding Credit Card with special benefits and extra value we’ve negotiated for you.

Gold that’s brilliant value
Enjoy no annual Card fees and a brilliant range of benefits.

Apply now and get 10,000 bonus points*
Apply for a BMW Gold Card now through the BMW web site before 31 March 2011, and we’ll reward you with 10,000 Membership Rewards1 or Qantas Frequent Flyer2 points!* Just spend at least $500 on your Card in the first two months after being approved, and the points are yours.

Apply online or you can download the PDF application form.

The value of Gold

  • No annual Card fee – save $70 p.a.
  • No annual Supplementary Card fee – save $20 p.a. per Card

  • Complimentary enrolment in either Membership Rewards Ascent1 or Qantas Direct2 – save $80 p.a.

    = up to $170 in added value^ Indicative only

Exceptional benefits

  • Choice of rewards programs – earn one point for every dollar spent1
  • Special offers on dining, leisure and more with American Express Selects
  • Rewards points with no capping or expiry3
  • Up to 55 days interest free on purchases4
Financial BMW AMEX GOLD CARD

Related Stores

bmw.com.au
bmw.com.au

closed Comments

  • prankster on 13/12/2010 - 10:48

    are people just applying for credit cards just to get these initial points to their qantas account then cancelling the card later?

    • Obs on 13/12/2010 - 10:52

      I will probably keep the BMW card as its a gold card with FF rewards and $0 annual fee. No point keeping the Qantas card after the initial bonus from what I can tell.

      • Trance N Dance on 13/12/2010 - 15:59

        But doesnt your credit rating drop like crazy if you apply for too many credit cards?

        • lazed on 13/12/2010 - 16:15

          There is no official rating. But you may have problems obtaining further credit if you have too many applications on your credit file.

        • Trance N Dance on 13/12/2010 - 16:32

          Yeah I thought it was something like that.

        • daydream on 13/12/2010 - 17:02

          Seems silly… so probably true ;-) It would make more sense if they based it on whether you can pay off your credit in time (regardless of of many cards you have). If you have more cards and still pay your cc bills in time they should give you a better rating as it proves you are more capable/reliable!

          I went to check my credit record (via D&B) and I didn't have one (even though I have credit cards)! Doesn't give you much faith in the "system".

        • h4lcyon on 13/12/2010 - 20:58
          +1

          I have a stack of cards, all $0 annual fee, most of them sit in the cupboard and get used for specific purposes, or for emergencies, plus a everyday spender & one I use for OS transactions.

          You credit file only shows your application for credit, and the dates those applications were made, it doesn't show if it was successful or not. Assumptions are made based on the frequency and grouping of applications.

          Your first credit card is probably the hardest to qualify for if you don't already have a credit rating, but after that, providing you pay them on time, have a steady job, and don't move around too much credit companies end up throwing credit cards at you.

          When applying for a home loan most banks will take into account that you pay your credit cards off each month in full, so it shouldn't matter too much.

      • azndragon168 on 13/12/2010 - 20:12

        @daydream The system sort of works that way. If you can pay your bills on time, then you don't get any black marks against your credit file. However, if you don't pay your bills on time, then you risk having your credit file marked.

        Also, I obtained my credit file a while back from Veda Advantage. Check them out. The system isn't very efficient for a free credit file, but at least it's free. It's also not 100% accurate. Not sure how credit applications are reported to these agencies.

  • JTL on 13/12/2010 - 11:11

    Is that $0 Annual Fee for the life of the card or only in the first year?

    • punter1 on 13/12/2010 - 11:32

      i m wondering this myself

      • JTL on 13/12/2010 - 11:40
        -1

        Seems like for the life of the card.

        I'm doing the application now and when I get to choosing the rewards program, for Qantas Direct it says -
        "If you choose Qantas Direct you have the ability to earn Qantas Frequent Flyer points. You can apply for Qantas Frequent Flyer membership now or call the Qantas Frequent Flyer Service Centre on 13 11 31. A membership fee applies and membership is subject to the terms and conditions of the program."

        Does that mean if you choose the Qantas rewards program there's an extra fee on top?

        • FloatingPoint on 13/12/2010 - 12:05
          +1

          It just means the joining fee (currently $82.50 if you apply directly from Qantas) to join QFF.
          You can join QFF for free from Woolworths Everyday Rewards.

  • atlas on 13/12/2010 - 11:18
    +4

    I've had a BMW card for years and never had any fees… 10000 reward points is worth about $60 in terms of cashback.

  • cmdwedge on 13/12/2010 - 11:32

    Thanks for this, I'll ditch my 3 year old Qantas Amex now!

  • neil on 13/12/2010 - 11:34
    +1

    According to the Membership rewards website, the best bangs for bucks:

    115,000 points will get you a $1000 gift card to Woolworths, thus making 10,000 points worth $87
    62,500 points will get you a $500 gift card to Coles/Woolworths, thus making 10,000 points worth $80.
    130,000 points will get you $1000 credit, thus making 10,000, $77.

    I think the key is to bank as many point as you can to redeem the highest value of gift card/cash back.

    • salekhard on 13/12/2010 - 13:06

      If you try flights, then the points are worth much more. 60 000 points + $2xx return Syd-HKG.

    • petesmith on 13/12/2010 - 20:52

      100,000 points will get you a $1000 travel agency gift card…seems to be the best deal I can find…

      EDIT: 10,000 for $100, so no difference in saving up points for travel agents :)

  • mech4bg on 13/12/2010 - 11:57

    So what's the benefit of a gold card over a normal Amex Qantas card? I can't see anything on the website…

  • tae on 13/12/2010 - 12:10

    Does this card offer free warranty?

  • mily on 13/12/2010 - 12:36

    err, applied the qantas card yesterday, but they probably will do the same job for me.

  • saneo on 13/12/2010 - 12:46

    anyone know if i could transfer the point balance of my american express blue sky card to this credit card?

    • coolsteps on 13/12/2010 - 12:54

      i dont think u can as blue sky program is different to MR.btw you can simply cash in your points now for supermarket gift cards which is better value. the blue sky amex card is a good card too and comes with free insurance

      • afrowan on 13/12/2010 - 14:18

        I think we are using the same members reward points to redemm any offers on the website, for blue sky card the points are refer to as "Membership Rewards Points".

        maybe transfer current points to new card is possible but with a fee.

  • jamessyc on 13/12/2010 - 12:54

    Since its a Gold Card…does that mean you also get free Travel Insurance??

    • salekhard on 13/12/2010 - 13:04
      -4

      Read the T&C's

      • neil on 13/12/2010 - 13:14
        +1

        I couldn't find any T&C's for this promotion other than the standard AMEX T&C's.

        • salekhard on 13/12/2010 - 13:36

          double post

        • salekhard on 13/12/2010 - 13:36

          The association gold cards use the same T&Cs for (barring initial points bonuses etc).

    • udyz on 16/12/2010 - 22:30

      NO!!!! No free Travel Insurance….
      Got a call from them this morning to confirm my details…
      They said you can get Travel Insurance for a fee!!!! Didn't bother to ask how much!!

    • h4lcyon on 17/12/2010 - 08:44
      +2

      If you want a gold / platinum card with no annual fee, and travel + purchase insurance have a look at the BankWest Zero cards

      • tae on 17/12/2010 - 12:58

        But no rewards.. :-(

        • h4lcyon on 17/12/2010 - 14:29
          +1

          Can't have everything for free ;) - which is why it's handy to have multiple cards.

  • afrowan on 13/12/2010 - 13:02

    i'm using the blue sky card as well, thinking of changing to this gold card, but probably going for the "Ascent1" reward instead of qantas ff.

    • salekhard on 13/12/2010 - 13:05

      Krisflyer offers much better international redemeptions, so its better to go for ascent :)

  • eddie2190 on 13/12/2010 - 13:16

    Retailers hate Amex.
    Funny seeing the faces when told Amex isn't accepted and it seems to be their ONLY card. Geez.

  • atlas on 13/12/2010 - 13:19

    Fairly certain the card doesn't give u extras like warranty or travel insurance.

    • salekhard on 13/12/2010 - 13:35

      My gold amex which is association affiliated does give travel insurance, but i dont think warranty. However I am not sure about this card. Can't see it in T&Cs, but still looking.

  • Shon on 13/12/2010 - 14:07

    My experience with an AMEX card was that after a year of $0 annual fee, they charged me $80 for the next year. They told me that the T&C's had changed within the year. A very dodgy practice, I complained until they revoked the charge and cancelled the card.

    • punter1 on 13/12/2010 - 14:15

      u were blacklisted for complaining ?

      • Shon on 13/12/2010 - 14:18

        Sorry, I meant that I had the card cancelled.

    • mily on 13/12/2010 - 15:12

      Did you asked them what fee you were charged for? An C/C annual fee or the ascent membership fee (used to be $80 a year)?

      • Shon on 13/12/2010 - 16:59
        +1

        CC annual fee. They were nice about cancelling the card, but I wasn't happy about the ol' switcharoo.

  • twodollah on 13/12/2010 - 14:28

    Just wondering which program is better, the ascent or the QFF? I did a bit of research and I'm confused whether you can transfer points from the ascent program into the QFF program? Is there an Ascent and an Ascent Premium program?

    • salekhard on 13/12/2010 - 16:00

      No you can't shift between the two. That is a result of qff direct earn changes.

      • h4lcyon on 21/12/2010 - 08:25

        You can swap programs at anytime, but you must use up or forfeit any points you have accrued on your current program before swapping.

  • BARBO on 13/12/2010 - 14:41

    How strict are they with the income requirement?

    • airpoe on 13/12/2010 - 17:03

      $25k

  • gillystylez on 13/12/2010 - 14:48

    i just applied for one and it said it got approved.

    i also called them up and they said

    there is no contract and can be cancelled anytime and no annual fee or charges

    • mily on 13/12/2010 - 15:10

      Now I start to wonder does Amex seperate the annual card fee and the membership fee, ie. for the card itself you get a fee-free card which used to be some dollars a year, however for using the membership rewards program like Ascent or QFF, they just waived the joining fee like $80 in the first year, and staying with this program will cost you $80 each year afterward.

      I got an Amex gold ascent which comes with no fee, 1 point per $2. If I want to gain 1 point per dollar I need to spend $80 a year, which is the membership fee rather than the annual car fee, so technically my card is still fee-free. Not sure about the QFF, seems just a one-off joining fee.

      • twodollah on 13/12/2010 - 15:53
        +1

        - No annual Card fee – save $70 p.a.

        - No annual Supplementary Card fee – save $20 p.a. per Card

        - Complimentary enrolment in either Membership Rewards Ascent1 or Qantas Direct2 – save $80 p.a.

        All the waivers have p.a. after them, I'm assuming the $80 fee for Ascent or QFF will be waived every year?

  • bazza236 on 13/12/2010 - 15:50
    +3

    Obvious question that appears not to have been asked… do you need to own a BMW?

    • twodollah on 13/12/2010 - 15:53

      I just applied for one, approved and I don't own a BMW :)

    • flyingtrapeze on 13/12/2010 - 17:26

      if you had a BMW, and you ticked the "Send me Junk Mail" box, then a promotional form letter with an application form get sent to your mailing address where your monthly BMW magazine is sent.

  • daydream on 13/12/2010 - 16:24

    Got to love how American Express have 17(!) variations of their cards to choose from/compare on their site (incl David Jones) but don't have this one.

  • gstfree on 13/12/2010 - 18:14

    awesome!I got two CPA Amex cards, can I still apply for this one?

  • excite on 13/12/2010 - 20:05
    +1

    which program is better in value, the ascent or the QFF?

  • eddie2190 on 13/12/2010 - 20:20
    +1

    Just make sure u guys can make the repayments lol
    We don't need another recession

  • [Deactivated] on 13/12/2010 - 20:27

    OT slighly Does anyone know if the woolies card has an annual fee? I cant seem to find it on their site. If not might be a good plan to

    get woolies card, get free QFF program and 16,000 QFF points
    then get this card and get another 10,000 points

    or am i missing something?

    • [Deactivated] on 13/12/2010 - 20:53
      +1

      nvm $89 fee for woolies card

  • yht on 13/12/2010 - 20:49

    Does anyone know whether the supplementary card give $50 gift card as the other offer ?

    • fish on 13/12/2010 - 23:23

      Seem to me the Normal Qantas AE Offer is BETTER than this BMW's offer. The Qantas card get $50 for supp card, but the BMW one without any extra benefit,except it is GOLD in colour!

      • [Deactivated] on 14/12/2010 - 00:57
        +1

        Qantas 44 days interest fee, BMW 55

        Qantas spend $300 in 3 months + qantas product for 10,000 pts, BMW $500 in 2 months

  • stingyasian88 on 13/12/2010 - 22:03
    +3

    Personally - I'd prefer to whip out a BMW card vs Qantas card.

    • kelea on 13/12/2010 - 22:55
      +1

      ditto :) and also coz its gold

      • salekhard on 14/12/2010 - 08:22

        I'd rather it with no branding. Seems a bit wanky with the bmw branding :(

        Im sure supermarket attendants dont care about the colour of the card…

    • atlas on 21/12/2010 - 21:44

      lol yeh i thought so too… but no one has ever really said anything about it… I seem to be the only one that thinks its cool!

      Then the other day, I used my metallic red NAB Visa card and some chick was like 'ooooh that's a nice card'…

      • h4lcyon on 21/12/2010 - 21:56

        I used to get a similar reaction using the old Virgin credit card, cause it had a nice rounded corner.

        I guess the idea is that you 'feel good' using it, and prefer it over other cards :)

  • foxxo on 14/12/2010 - 09:48

    Anyone know if you can get cash advance on amex cards? What amount?

    • salekhard on 14/12/2010 - 11:54

      You can usually cash advance on all credit cards, however the interest rate will be huge ~20% + Fee

  • insty on 14/12/2010 - 20:01

    Mine is on its way. Will start using it when I pay rent/bills and flights. Should be able to get a few points that way.

    • flin898 on 14/12/2010 - 20:35

      Did they approve you on the spot?

      • insty on 15/12/2010 - 09:10

        Yep. Spoke to American Express yesterday and they said it was already coming in the mail.

        • punter1 on 15/12/2010 - 14:43

          what bills can u pay with amex ?

  • noisuf on 15/12/2010 - 15:18

    Just found out from AMEX that this BMW Gold Card's $70 annual fee is only waived for first year. However, the BMW site says no annual card fees and $70 waived p.a. which implies more than 1 year?

    The Qantas Discovery annual fee is waived full stop.

    • mily on 15/12/2010 - 21:35

      This might be true re mooribbit's experience above.

    • Obs on 15/12/2010 - 23:00

      WOW if that's true that would be dodgy as. BMW site doesn't indicate that its waived for first year only.

    • twodollah on 16/12/2010 - 14:32
      +1

      Just called AMEX and confirmed that there are no annual fees EVER, also no rewards program fees. So basically no fees EVER

      • airpoe on 16/12/2010 - 15:29

        I can confirm this, as I also rang & asked

        • BenMHarvey on 16/12/2010 - 19:15
          -1

          No annual fee ever it's quite obvious and laid out i nsimple terms

          Ive applied got my card and confirm it says Subsequent years are charged at $NIL

  • atlas on 16/12/2010 - 01:08

    I've had my BMW card for years and never paid a fee… same for my LIV and CPA ones.

  • h4lcyon on 17/12/2010 - 14:32

    Was contacted today to confirm some details, and advised my card is on it's way.

    When I asked about the bonus points I was told that if I spend $500 over the next two months I get 20,000 bonus points..

    I then asked if she mistakenly meant 10,000 and she said 20,000 on the current promotion and they will land 6-8 weeks after the 2nd month. If so that is sweet.

  • insty on 17/12/2010 - 19:04
    +1

    Got my card today, yay :)

  • alwaysvalue on 20/12/2010 - 19:08

    I think this card is much better for those who want to transfer points to Virgins Velocity program, which is a great deal better than Qantas FF. Im ditching my charge card after 22 years with this deal with no annual fees, no membership rewards fees and bonus points. It is worth serious consideration for any AMEX charge or credit cardholder!

    • mily on 20/12/2010 - 20:37

      I think so too. But just got approved with the qantas card today, and applied ascent card a month ago, so now I have 2 cards, both with supplementary cards (for the $50 gift card). I reckon it's not a good time to apply for another card and cancel the ascent card, right?

      Also, is this card able to join AMEX issued cards only promotions such as the hopscotch bonus point promotion?

      I probably will apply for this by the end of March.

  • asdfghjkl32 on 21/12/2010 - 20:18

    I got my BMW card today, ha ha ha~~~~

  • asdfghjkl32 on 21/12/2010 - 20:20
    +2

    I reckon it's fee free for life…
    The paper which the card is attached said this:

    Annual Card fee
    For the first year $NIL
    For each subsequent year $NIL

    Reward program fee
    If you have selected Membership Rewards Ascent $NIL
    If you have selected Qantas Direct $NIL

  • POWERevolution on 24/12/2010 - 03:14

    Membership Rewards Ascent vs Qantas Direct?
    which 1 better?

    • mily on 26/12/2010 - 08:07

      I think Ascent is more flexible than QFF

  • jiakz on 25/12/2010 - 20:45

    Is there a PIN for this card or do AMEX cards have none?

    • h4lcyon on 25/12/2010 - 20:51

      There must be cause that is how u would normally cash advance, I received my card last week but no sign of the PIN yet…

      • coolsteps on 27/12/2010 - 12:25

        amex dont offer cash advances on new applications anymore and didnt sign up to the pin system but i think they will be forced to join it in a couple of years when merchants start only accepting pin like some overseas country's do now. btw does anyone know if you get a $50 gift card if you apply for a supplermentary card like the amex discovery card deal?

        • h4lcyon on 27/12/2010 - 15:41

          I got a sup card, no $50 gift :(

        • mily on 27/12/2010 - 15:49

          Not with this one, I didn't read anything about that.

  • h4lcyon on 30/12/2010 - 20:33

    I checked my online AMEX account on Christmas Eve and was shocked to find a $80 charge with the description MEMBERSHIP REWARDS FEE.

    I contacted them through the online secure message center, and they said it could take 6 to 8 weeks to resolve.

    I asked that the charge be will NOT be included in the amount payable if I receive a statement before it is resolved.

    They got back to me yesterday advising they have credited the $80.

    If you haven't already it might pay to sign up to AMEX online, check if they have charged you and get it credited before you next statement.

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