Does anyone know what is the minimum FICO score to get approval for either the BMW Financial Visa credit card or BMW Financial Services auto loan? I want the visa from BMW because it allows you to earn points up to 5k discount on a new vehicle.
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if you have a BK, you can forget it, I hear they are NOT BK friendly. You can check out whogavemecredit.com I leased a car with them preBK with a credit score of 660 without any problem, but then after bk they turned me down with basically the same credit score and a larger income.Chapter 7 Pro Se....Discharged Feb. 2006 -
You CAN get a BMW card with a BK, but its difficult. They declined me but not due to the bk (I don't remember what the reason was). I'm going to try again when I'm 2 years out of D/C.Comment
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Went and dug up my BMW card declination letter. Reasons cited:
LACK OF RECENT INSTALLMENT LOAN INFORMATION
TIME SINCE MOST RECENT ACCOUNT OPENING IS TOO SHORT
LENGTH OF TIME ACCOUNTS HAVE BEEN ESTABLISHED
NUMBER OF BANK/NATIONAL REVOLVING ACCOUNTS WITH BALANCES
No citation of BK or derog accounts.Comment
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