BMI Classic Card
The BMI Classic Card has fairly undramatic standard rate of 16.9% typical APR - not market leading, but with the steady upwards drift of APRs in general it's probably more attractive than it initially appears. It also has an introductory balance transfer promotion of 0% for 12 months, along with 0% on purchases for 3 months, but its main selling point and distinguishing feature is the reward program it offers.
If you're a frequent flyer, especially with BMI, you can benefit from the ability to earn Destinations Miles at a rate of 1.5 miles for every £1 you spend.
If you use the card to buy a flight ticket at BMI's web site flybmi.com then the rate is doubled to 3 miles per pound. Holders of the card will also have their booking fees waived when using the card to buy BMI flights at their web site or through their call centre.
BMI Mastercard Summary
| Standard Rate: | 16.9% Representative APR (variable) |
| Balance Transfer Deal? | 0% APR for 12 months (3% handling fee transfer fee applies) |
| Purchases Deal? | 0% APR for 3 months |
| Minimum Balance Transfer Fee: | £3 |
| Maximum Balance Transfer Fee: | Unlimited |
| Introductory Cashback | |
| Standard Cashback | |
| Rewards Program | Earn BMI destinations miles |
| Annual Fee: | - |
| Interest Free Period: | Up to 56 days on card purchases only |
| Minimum Repayment: | Greatest of £5 or 3% of balance |
| Minimum Credit Limit: | Decided upon approval |
| Maximum Credit Limit: | £50,000 |
| Notes: | Earn bmi destinations miles as you spend |
| Representative Example: | Assumed borrowing of £1200, representative 16.9% APR (variable). Purchase rate 16.9% PA. |
