Review: GM Credit Cards

Generally considered merely the “GM Card,” there are literally 3 GM bank cards accessible, 2 for customers and 1 GM enterprise bank card. Our overview / evaluation of obtainable GM bank cards, together with hyperlinks to use through on-line or offline functions, is beneath:

  • The flagship BuyPower Card from Capital One is what most individuals would consider as “the GM Card.” It offers you a 5% rebate on the primary $5000 in card purchases every year and a couple of% again on all purchases after that — the rebate {dollars} can be utilized towards the acquisition of a brand new Chevy, GMC, Buick or Cadillac automotive. There isn’t a restrict to the quantity you may earn and no restrict to the quantity you should use towards a brand new GM automobile. Factors don’t expire, so you may gather them with out concern of dropping them. There isn’t a annual payment, and your rate of interest shall be both 13.9%, 17.9%, 20.9%, or 23.9%, relying in your credit score historical past. You’ll be able to apply through this online application.
  • The GM Extended Family Card is a really separate card from the usual GM Card. It permits GM workers, worker members of the family, suppliers, or anybody eligible for a GM worker low cost to get financial savings on a brand new GM automotive past the worker low cost. You will get 1% of your card purchases rebated again towards the acquisition of a brand new GM automobile, and people rebates can be utilized on prime of your worker or provider low cost. Additionally, you have got the choice to take the 1% in money as an alternative. No annual payment. Whereas this may occasionally sound good, simple arithmetic tells you that you simply’d be higher off selecting one in every of the many cash back cards in the marketplace that provides greater than 1%, and taking the money from that different card to place towards your GM automobile.
  • The GM BuyPower Business Card additionally means that you can earn rebates on autos or get money again: you get 5% again on purchases of GM components, equipment and repair; 3% again at fuel stations, eating places, and workplace provide shops; and 1% again on all different purchases. You’ll discover an online application here.

 
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